McDonald’s Corporation $MCD Stock Sold by W.G. Shaheen & Associates DBA Whitney & Co

W.G. Shaheen & Associates DBA Whitney & Co trimmed its position in shares of McDonald’s Corporation (NYSE:MCD) by 26.9% during the 3rd quarter, Holdings Channel reports. The firm owned 5,604 shares of the fast-food giant’s stock after selling 2,060 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in McDonald’s were worth $1,294,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Plancorp LLC raised its position in shares of McDonald’s by 8.2% during the third quarter. Plancorp LLC now owns 8,545 shares of the fast-food giant’s stock valued at $1,973,000 after buying an additional 651 shares during the last quarter. Waycross Partners LLC lifted its holdings in shares of McDonald’s by 4.0% in the third quarter. Waycross Partners LLC now owns 62,739 shares of the fast-food giant’s stock worth $14,489,000 after buying an additional 2,424 shares in the last quarter. Ashton Thomas Private Wealth LLC boosted its position in shares of McDonald’s by 3.3% during the third quarter. Ashton Thomas Private Wealth LLC now owns 23,262 shares of the fast-food giant’s stock worth $5,372,000 after acquiring an additional 749 shares during the last quarter. Asset One Wealth Management LLC boosted its position in shares of McDonald’s by 11.7% during the third quarter. Asset One Wealth Management LLC now owns 20,839 shares of the fast-food giant’s stock worth $4,813,000 after acquiring an additional 2,178 shares during the last quarter. Finally, International Assets Investment Management LLC grew its stake in McDonald’s by 29.1% during the third quarter. International Assets Investment Management LLC now owns 7,604 shares of the fast-food giant’s stock valued at $1,763,000 after acquiring an additional 1,714 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

MCD has been the topic of a number of research reports. Melius Research reduced their price target on shares of McDonald’s from $250.00 to $230.00 and set a “sell” rating on the stock in a report on Monday, September 28th. Evercore dropped their price objective on shares of McDonald’s from $320.00 to $300.00 and set an “outperform” rating for the company in a report on Thursday, September 24th. Loop Capital cut 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. UBS Group reaffirmed a “buy” rating on shares of McDonald’s in a report on Monday, October 19th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on McDonald’s from $325.00 to $300.00 and set a “buy” rating on the stock in a research report on Monday, September 14th. Two 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 given a Sell rating to the stock. According to data from MarketBeat, McDonald’s presently has a consensus rating of “Moderate Buy” and an average target price of $297.82.

McDonald’s Trading Down 0.6%

MCD traded down $1.68 during trading hours on Friday, hitting $276.36. The company’s stock had a trading volume of 6,331,310 shares, compared to its average volume of 5,495,061. 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 12 month low of $229.20 and a 12 month high of $341.75. The stock has a market cap of $195.56 billion, a price-to-earnings ratio of 21.86, a P/E/G ratio of 3.03 and a beta of 0.42.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Wednesday, November 4th. The fast-food giant reported $3.57 EPS for the quarter, beating the consensus estimate of $3.38 by $0.19. McDonald’s had a net margin of 31.72% and a negative return on equity of 572.06%. The business had revenue of $7.16 billion during the quarter, compared to analyst estimates of $7.28 billion. During the same quarter last year, the business earned $3.22 earnings per share. McDonald’s’s quarterly revenue was up 1.1% compared to the same quarter last year. On average, 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 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. The ex-dividend date is Tuesday, December 1st. This represents a $7.72 annualized dividend and a dividend yield of 2.8%. This is a positive change from McDonald’s’s previous quarterly dividend of $1.86. McDonald’s’s dividend payout ratio is currently 58.86%.

McDonald’s News Roundup

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

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.