Cyndeo Wealth Partners LLC raised its position in McDonald’s Corporation (NYSE:MCD – Free Report) by 9.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,480 shares of the fast-food giant’s stock after buying an additional 3,360 shares during the period. Cyndeo Wealth Partners LLC’s holdings in McDonald’s were worth $8,656,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in MCD. Bank of New York Mellon Corp acquired a new position in McDonald’s during the 2nd quarter worth $1,359,276,000. Diamant Asset Management Inc. boosted its stake in McDonald’s by 30,979.0% during the 1st quarter. Diamant Asset Management Inc. now owns 2,596,340 shares of the fast-food giant’s stock valued at $806,917,000 after purchasing an additional 2,587,986 shares during the period. Corient Private Wealth LLC increased its position in McDonald’s by 94.7% in the 4th quarter. Corient Private Wealth LLC now owns 1,644,109 shares of the fast-food giant’s stock valued at $502,489,000 after acquiring an additional 799,462 shares during the period. Bessemer Group Inc. lifted its holdings in McDonald’s by 132.1% in the first quarter. Bessemer Group Inc. now owns 1,325,880 shares of the fast-food giant’s stock worth $412,071,000 after purchasing an additional 754,596 shares during the period. Finally, State Street Corp lifted its stake in shares of McDonald’s by 1.8% in the 2nd quarter. State Street Corp now owns 36,080,505 shares of the fast-food giant’s stock worth $9,752,921,000 after acquiring an additional 646,675 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.
McDonald’s Stock Performance
Shares of NYSE:MCD opened at $242.99 on Friday. The stock has a market capitalization of $171.95 billion, a price-to-earnings ratio of 19.74, a PEG ratio of 2.72 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. The company has a 50 day moving average price of $252.05 and a 200 day moving average price of $272.09.
McDonald’s (NYSE:MCD – Get Free Report) last posted 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. The firm had revenue of $7.10 billion for the quarter, compared to analyst estimates of $7.13 billion. McDonald’s had a net margin of 31.72% and a negative return on equity of 572.06%. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.19 earnings per share. On average, sell-side analysts expect that McDonald’s Corporation will post 12.84 EPS for the current fiscal year.
McDonald’s Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be given a dividend of $1.93 per share. This represents a $7.72 dividend on an annualized basis and a dividend yield of 3.2%. This is a boost from McDonald’s’s previous quarterly dividend of $1.86. The ex-dividend date of this dividend is Tuesday, December 1st. McDonald’s’s payout ratio is presently 60.44%.
Analyst Ratings Changes
Several brokerages recently commented on MCD. Melius Research dropped their target price on McDonald’s from $250.00 to $230.00 and set a “sell” rating on the stock in a report on Monday, September 28th. Guggenheim lowered their price target on McDonald’s from $290.00 to $250.00 and set a “neutral” rating on the stock in a research report on Monday, October 5th. Daiwa Securities Group dropped their price objective on McDonald’s from $309.00 to $293.00 and set an “outperform” rating on the stock in a research note on Thursday, August 6th. Jefferies Financial Group decreased their target price on McDonald’s from $260.00 to $250.00 and set an “overweight” rating for the company in a research note on Tuesday, September 29th. Finally, HC Wainwright set a $250.00 target price on McDonald’s in a report on Friday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, McDonald’s has a consensus rating of “Moderate Buy” and an average price target of $295.94.
Read Our Latest Analysis on McDonald’s
McDonald’s News Roundup
Here are the key news stories impacting McDonald’s this week:
- Positive Sentiment: McDonald’s is bringing back a popular limited-time meal, while Halloween Boo Buckets are returning with a Disney-themed design. The promotions could support traffic, customer engagement and comparable-store sales. McDonald’s Is Bringing Back a Fan-Favorite Meal
- Positive Sentiment: McDonald’s dividend remains a key attraction: the company has joined the “Dividend King” group after decades of consecutive increases. Income-oriented investors may view the yield above 3% and recurring franchise cash flow favorably. McDonald’s Dividend King Status
- Positive Sentiment: Unusually heavy call-option activity and a broader rotation from technology into beaten-down consumer stocks may be providing additional short-term support for MCD. Consumer Stocks Get a Lift as Investors Rotate Out of Tech
- Neutral Sentiment: Analysts and market commentators generally see the stock as near fair value following its dividend increase. McDonald’s has fallen substantially this year, but investors still need evidence that cash-flow and earnings growth can justify the valuation. McDonald’s May Trade Near Fair Value
- Neutral Sentiment: The company’s planned multibillion-dollar modernization, including drive-thru technology and the “Archy” AI initiative, could improve efficiency over time, although execution and return-on-investment risks remain. McDonald’s Overhaul and AI Drive-Thru
- Negative Sentiment: McDonald’s faces a challenging third-quarter outlook, with weak U.S. sales and questions about value-menu execution. Renewed promotions and operational fixes will need to translate into sustained traffic and earnings growth. Challenging Q3 Outlook
- Negative Sentiment: Some investors argue that an attractive dividend alone is insufficient because the stock’s valuation leaves limited room for disappointment if sales and earnings remain pressured. McDonald’s Dividend Yield and Valuation
About McDonald’s
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.
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