McDonald’s Corporation $MCD Shares Sold by Northeast Investment Management

Northeast Investment Management trimmed its position in McDonald’s Corporation (NYSE:MCD) by 2.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 79,192 shares of the fast-food giant’s stock after selling 2,113 shares during the period. Northeast Investment Management’s holdings in McDonald’s were worth $24,203,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Viking Global Investors LP boosted its stake in shares of McDonald’s by 171.7% during the 2nd quarter. Viking Global Investors LP now owns 3,125,432 shares of the fast-food giant’s stock worth $913,157,000 after acquiring an additional 1,974,998 shares in the last quarter. Franklin Resources Inc. raised its position in shares of McDonald’s by 36.6% during the third quarter. Franklin Resources Inc. now owns 4,396,837 shares of the fast-food giant’s stock worth $1,336,155,000 after purchasing an additional 1,179,244 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of McDonald’s by 111.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 2,071,296 shares of the fast-food giant’s stock worth $629,446,000 after purchasing an additional 1,090,849 shares during the period. Marshall Wace LLP raised its position in shares of McDonald’s by 927.5% during the third quarter. Marshall Wace LLP now owns 827,547 shares of the fast-food giant’s stock worth $251,483,000 after purchasing an additional 927,547 shares during the period. Finally, Alyeska Investment Group L.P. raised its position in shares of McDonald’s by 766.5% during the third quarter. Alyeska Investment Group L.P. now owns 885,629 shares of the fast-food giant’s stock worth $269,134,000 after purchasing an additional 783,416 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other McDonald’s news, CEO Christopher J. Kempczinski sold 26,276 shares of the business’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $333.54, for a total transaction of $8,764,097.04. Following the sale, the chief executive officer directly owned 22,900 shares of the company’s stock, valued at $7,638,066. The trade was a 53.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jonathan Banner sold 6,201 shares of the business’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $333.29, for a total transaction of $2,066,731.29. Following the sale, the executive vice president directly owned 2,291 shares in the company, valued at approximately $763,567.39. This trade represents a 73.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 69,364 shares of company stock valued at $22,970,006 in the last 90 days. Company insiders own 0.26% of the company’s stock.

McDonald’s Stock Up 0.1%

Shares of NYSE:MCD opened at $274.97 on Wednesday. The company’s fifty day moving average is $307.73 and its two-hundred day moving average is $310.70. McDonald’s Corporation has a 12-month low of $271.98 and a 12-month high of $341.75. The company has a market cap of $195.37 billion, a P/E ratio of 22.67, a price-to-earnings-growth ratio of 2.67 and a beta of 0.43.

McDonald’s (NYSE:MCD) last announced its earnings results on Thursday, May 7th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.74 by $0.09. McDonald’s had a net margin of 31.62% and a negative return on equity of 442.10%. The company had revenue of $6.52 billion for the quarter, compared to the consensus estimate of $6.47 billion. During the same period in the previous year, the business earned $2.67 EPS. The company’s revenue was up 9.4% on a year-over-year basis. Equities research analysts anticipate that McDonald’s Corporation will post 13.01 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MCD. Erste Group Bank lowered McDonald’s from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Truist Financial boosted their target price on McDonald’s from $356.00 to $370.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Barclays cut their target price on McDonald’s from $380.00 to $350.00 and set an “overweight” rating on the stock in a research report on Friday, May 8th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $340.00 target price on shares of McDonald’s in a research report on Thursday, February 12th. Finally, Piper Sandler boosted their target price on McDonald’s from $323.00 to $325.00 and gave the stock a “neutral” rating in a research report on Thursday, February 12th. Seventeen investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, McDonald’s currently has an average rating of “Moderate Buy” and a consensus target price of $334.45.

Trending Headlines about McDonald’s

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

• Positive Sentiment: McDonald’s value-focused menu strategy continues to support traffic and sales, with reports saying the company outperformed peers in Q1 and is still seen as having market-share upside despite macro headwinds. McDonald’s Poised for Market Share Gains Despite Macro Headwinds, UBS Says
• Positive Sentiment: Analysts and dividend-focused articles still view MCD as a high-quality blue-chip income stock, pointing to its roughly 2.7% dividend yield and long track record of dividend growth. Brokers Suggest Investing in McDonald’s (MCD): Read This Before Placing a Bet
• Positive Sentiment: Some commentary argues the stock looks undervalued after its Q1 beat, suggesting upside if the company can sustain earnings and defend market share. McDonald’s Looks Undervalued Despite Stock Pressure This Year
• Neutral Sentiment: Broader consumer-discretionary weakness is weighing on sentiment, with the sector lagging even as the wider market posts gains. Consumer Discretionary Stocks’ Long Winter Isn’t Over
• Neutral Sentiment: Recent coverage notes McDonald’s stock is near 52-week lows, reflecting investor caution, but also attracting value-oriented interest after the recent selloff. Inflation Has Pushed this Dividend Aristocrat to 52-Week Lows. Why It’s Still Not Quite Time to Buy.
• Negative Sentiment: JPMorgan and RBC both lowered their price targets on MCD, signaling reduced near-term optimism even though ratings remained relatively constructive. McDonald’s (NYSE:MCD) Price Target Lowered to $305.00 at JPMorgan Chase & Co.
• Negative Sentiment: Articles on Wall Street sentiment and the stock falling through 1-year lows suggest investors remain worried that sales growth could be stalling. McDonald’s Stock Falls Through 1-Year Lows – Are Sales Slowdown Fears Overdone?

About McDonald’s

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.