McDonald’s Corporation $MCD Stake Trimmed by Quadrant Capital Group LLC

Quadrant Capital Group LLC lessened its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 19.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,856 shares of the fast-food giant’s stock after selling 3,845 shares during the period. Quadrant Capital Group LLC’s holdings in McDonald’s were worth $3,739,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bell Bank grew its holdings in shares of McDonald’s by 3.7% during the 3rd quarter. Bell Bank now owns 12,846 shares of the fast-food giant’s stock worth $2,967,000 after purchasing an additional 458 shares in the last quarter. Innova Wealth Partners increased its position in shares of McDonald’s by 21.7% in the third quarter. Innova Wealth Partners now owns 1,042 shares of the fast-food giant’s stock worth $241,000 after purchasing an additional 186 shares during the period. Range Financial Group LLC increased its position in shares of McDonald’s by 6.2% in the third quarter. Range Financial Group LLC now owns 18,701 shares of the fast-food giant’s stock worth $4,319,000 after purchasing an additional 1,091 shares during the period. Physician Wealth Advisors Inc. raised its stake in McDonald’s by 6.8% in the third quarter. Physician Wealth Advisors Inc. now owns 2,015 shares of the fast-food giant’s stock valued at $465,000 after purchasing an additional 128 shares in the last quarter. Finally, Cohen Investment Advisors LLC raised its stake in McDonald’s by 3.8% in the third quarter. Cohen Investment Advisors LLC now owns 13,588 shares of the fast-food giant’s stock valued at $3,138,000 after purchasing an additional 494 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

More McDonald’s News

Here are the key news stories impacting McDonald’s this week:

• Positive Sentiment: McDonald’s is bringing back its Halloween Boo Buckets with a Disney Villains theme. The collectible promotion could increase seasonal visits, generate social-media engagement and support limited-time sales. Disney Villains Halloween Boo Buckets Arrive at McDonald’s
• Positive Sentiment: The McRib is returning to select Indiana restaurants on October 26, offering another limited-time product designed to attract loyal customers and create urgency. Fan-favorite sandwich returning to McDonald’s
• Positive Sentiment: Some analysts view MCD as potentially undervalued after its recent underperformance. Its valuation is below historical averages, while the established franchise model and multiyear-high dividend yield may appeal to income-focused investors. Is The Market Underpricing McDonald’s Stock?
• Neutral Sentiment: Two additional McDonald’s locations are planned for the northern Fort Worth suburbs, indicating continued domestic unit expansion, although the financial contribution is likely to be gradual. Two McDonald’s restaurants planned for north Fort Worth suburbs
• Negative Sentiment: TD Cowen’s downgrade of Chipotle also pressured McDonald’s and other restaurant stocks, reflecting broader investor concerns about slowing industry sales momentum. Chipotle Falls as TD Cowen Downgrades
• Negative Sentiment: McDonald’s faces weak U.S. traffic, making menu innovation important for restoring comparable-sales growth. The latest analysis suggests new products may help, but they have not yet resolved the underlying demand pressure. Can MCD’s Menu Innovation Offset Slower U.S. Comparable Sales Growth?

Analyst Ratings Changes

MCD has been the topic of several recent analyst reports. TD Cowen decreased their target price on shares of McDonald’s from $282.00 to $270.00 and set a “hold” rating on the stock in a report on Thursday, September 24th. Robert W. Baird lowered their price objective on shares of McDonald’s from $285.00 to $250.00 and set a “neutral” rating for the company in a research report on Thursday, September 24th. Loop Capital cut their target price on McDonald’s from $301.00 to $273.00 and set a “hold” rating for the company in a research note on Wednesday, August 5th. Wells Fargo & Company reduced their target price on McDonald’s from $300.00 to $270.00 and set an “overweight” rating on the stock in a report on Monday, October 5th. Finally, Sanford C. Bernstein reduced their target price on McDonald’s from $295.00 to $250.00 and set a “market perform” rating on the stock in a report on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $295.64.

McDonald’s Price Performance

MCD stock opened at $246.11 on Thursday. The company has a 50 day simple moving average of $250.31 and a 200 day simple moving average of $270.49. The stock has a market cap of $174.16 billion, a price-to-earnings ratio of 19.99, a P/E/G ratio of 2.76 and a beta of 0.44. McDonald’s Corporation has a 1 year low of $229.20 and a 1 year high of $341.75.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Tuesday, August 4th. The fast-food giant reported $3.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.32 by $0.06. McDonald’s had a net margin of 31.72% and a negative return on equity of 572.06%. The company had revenue of $7.10 billion during the quarter, compared to the consensus estimate of $7.13 billion. During the same period in the prior year, the business earned $3.19 earnings per share. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, equities research analysts anticipate that McDonald’s Corporation will post 12.84 EPS for the current fiscal year.

McDonald’s Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be issued a $1.93 dividend. This represents a $7.72 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Tuesday, December 1st. This is a boost from McDonald’s’s previous quarterly dividend of $1.86. McDonald’s’s payout ratio is currently 60.44%.

McDonald’s Company Profile

McDonald’s Corporation is a global quick-service restaurant company that operates and franchises restaurants under the McDonald’s brand. Its restaurants serve a menu that includes hamburgers, cheeseburgers, chicken sandwiches, French fries, breakfast items, desserts, salads, beverages and coffee. Offerings vary by market, and many locations provide drive-thru service, delivery and digital ordering through the McDonald’s mobile app.

The company operates through a heavily franchised business model, with restaurants owned and operated by independent franchisees, affiliates and the company itself.