Waycross Partners LLC Buys 2,424 Shares of McDonald’s Corporation $MCD

Waycross Partners LLC increased its stake in shares of McDonald’s Corporation (NYSE:MCD) by 4.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 62,739 shares of the fast-food giant’s stock after buying an additional 2,424 shares during the quarter. McDonald’s comprises 1.1% of Waycross Partners LLC’s holdings, making the stock its 28th largest position. Waycross Partners LLC’s holdings in McDonald’s were worth $14,489,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MCD. Ashton Thomas Private Wealth LLC grew its stake in shares of McDonald’s by 3.3% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 23,262 shares of the fast-food giant’s stock valued at $5,372,000 after buying an additional 749 shares during the period. Asset One Wealth Management LLC increased its holdings in shares of McDonald’s by 11.7% during the 3rd quarter. Asset One Wealth Management LLC now owns 20,839 shares of the fast-food giant’s stock worth $4,813,000 after buying an additional 2,178 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of McDonald’s by 29.1% during the 3rd quarter. International Assets Investment Management LLC now owns 7,604 shares of the fast-food giant’s stock valued at $1,763,000 after buying an additional 1,714 shares during the period. Calamos Advisors LLC raised its position in shares of McDonald’s by 1.6% during the 3rd quarter. Calamos Advisors LLC now owns 177,760 shares of the fast-food giant’s stock valued at $41,052,000 after buying an additional 2,760 shares during the period. Finally, Alta Advisers Ltd lifted its holdings in McDonald’s by 102.8% in the third quarter. Alta Advisers Ltd now owns 5,504 shares of the fast-food giant’s stock valued at $1,271,000 after acquiring an additional 2,790 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MCD. Loop Capital lowered their price objective on McDonald’s from $301.00 to $273.00 and set a “hold” rating for the company in a research report on Wednesday, August 5th. Piper Sandler set a $286.00 price target on McDonald’s in a research note on Tuesday, August 4th. Freedom Capital upgraded McDonald’s from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 5th. DZ Bank reiterated a “buy” rating on shares of McDonald’s in a research report on Thursday, September 24th. Finally, Sanford C. Bernstein boosted their price objective on McDonald’s from $250.00 to $280.00 and gave the company a “market perform” rating in a report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $297.82.

McDonald’s Trading Down 0.6%

Shares of MCD stock traded down $1.68 on Friday, reaching $276.36. 6,331,310 shares of the stock were exchanged, compared to its average volume of 5,495,061. The company has a market capitalization of $195.56 billion, a price-to-earnings ratio of 21.86, a PEG ratio of 3.03 and a beta of 0.42. The business’s 50 day moving average price is $248.76 and its 200 day moving average price is $282.57. McDonald’s Corporation has a twelve month low of $229.20 and a twelve month high of $341.75.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Wednesday, November 4th. The fast-food giant reported $3.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.38 by $0.19. McDonald’s had a negative return on equity of 572.06% and a net margin of 31.72%. The business had revenue of $7.16 billion during the quarter, compared to analysts’ expectations of $7.28 billion. During the same period in the prior year, the firm posted $3.22 EPS. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. Equities research analysts forecast that McDonald’s Corporation will post 12.84 earnings per share for the current year.

McDonald’s Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors 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 2.8%. This is a positive change from McDonald’s’s previous quarterly dividend of $1.86. The ex-dividend date of this dividend is Tuesday, December 1st. McDonald’s’s dividend payout ratio is currently 58.86%.

Trending Headlines about McDonald’s

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

• Positive Sentiment: Argus raised its price target to $320 from $310 and reiterated a “buy” rating, signaling confidence in the stock’s prospects. Argus rating
• Neutral Sentiment: McDonald’s is testing value bundles at nearly 2,000 U.S. restaurants, ahead of a planned national value platform in early 2027. The deals may help bring back customers, but the company is still assessing their effect on traffic and orders. McDonald’s value-bundle test
• Neutral Sentiment: Third-quarter profit beat analyst estimates, but revenue missed and U.S. comparable sales declined. That mixed backdrop helps explain why investors are watching for evidence that value promotions can sustain a domestic recovery. Q3 earnings and U.S. traffic
• Negative Sentiment: Consumers have filed a lawsuit alleging McDonald’s labeled McCafé drinks “sugar free” despite some containing as much as 18 grams of sugar. The allegations are unproven, but the case could create legal and reputational risk. McCafé labeling lawsuit
• Negative Sentiment: Freedom Broker cut its rating from “buy” to “hold” and lowered its price target to $298 from $305, adding a more cautious view alongside the recent analyst optimism. Freedom Broker rating change

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.