SVB Wealth LLC Cuts Stock Holdings in McDonald’s Corporation $MCD

SVB Wealth LLC lowered its position in McDonald’s Corporation (NYSE:MCD) by 15.9% in the first quarter, Holdings Channel.com reports. The firm owned 14,238 shares of the fast-food giant’s stock after selling 2,688 shares during the quarter. SVB Wealth LLC’s holdings in McDonald’s were worth $4,425,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Summit Wealth Partners LLC boosted its holdings in McDonald’s by 508.5% in the 1st quarter. Summit Wealth Partners LLC now owns 4,247 shares of the fast-food giant’s stock valued at $1,320,000 after purchasing an additional 3,549 shares in the last quarter. Webster Bank N. A. raised its stake in shares of McDonald’s by 1.8% during the 1st quarter. Webster Bank N. A. now owns 6,277 shares of the fast-food giant’s stock worth $1,951,000 after buying an additional 112 shares in the last quarter. Verde Capital Management lifted its holdings in shares of McDonald’s by 2.3% in the 1st quarter. Verde Capital Management now owns 1,743 shares of the fast-food giant’s stock valued at $542,000 after buying an additional 39 shares during the period. LMG Wealth Partners LLC lifted its holdings in shares of McDonald’s by 3.1% in the 1st quarter. LMG Wealth Partners LLC now owns 18,706 shares of the fast-food giant’s stock valued at $5,814,000 after buying an additional 555 shares during the period. Finally, Clear Trail Advisors LLC boosted its stake in shares of McDonald’s by 2.1% in the first quarter. Clear Trail Advisors LLC now owns 13,273 shares of the fast-food giant’s stock valued at $4,125,000 after buying an additional 272 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Activity

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 2,763 shares of McDonald’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $278.36, for a total transaction of $769,108.68. Following the completion of the transaction, the executive vice president owned 6,268 shares in the company, valued at approximately $1,744,760.48. The trade was a 30.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Joseph M. Erlinger sold 5,252 shares of the company’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $284.32, for a total transaction of $1,493,248.64. Following the completion of the sale, the insider directly owned 7,734 shares in the company, valued at $2,198,930.88. This trade represents a 40.44% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 11,307 shares of company stock valued at $3,262,622 over the last 90 days. 0.26% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

MCD has been the topic of a number of recent analyst reports. Erste Group Bank lowered McDonald’s from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Morgan Stanley set a $331.00 target price on McDonald’s in a report on Friday, May 8th. Evercore set a $350.00 price target on shares of McDonald’s in a report on Friday, May 8th. JPMorgan Chase & Co. reduced their price objective on shares of McDonald’s from $325.00 to $305.00 and set an “overweight” rating for the company in a research note on Monday, May 11th. Finally, Royal Bank Of Canada decreased their price objective on shares of McDonald’s from $330.00 to $305.00 and set a “sector perform” rating on the stock in a report on Friday, May 8th. Sixteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $336.26.

Key McDonald’s News

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

• Positive Sentiment: McDonald’s continues to generate attention with menu and brand initiatives, including the return of classic items like the fried apple pie and an iconic McFlurry, which may help drive customer traffic and reinforce brand loyalty.
• Positive Sentiment: Investors were reminded that McDonald’s recently introduced its NEXT systemwide strategy to improve growth and restaurant efficiency, signaling management is actively working to protect margins and productivity. Article Title
• Neutral Sentiment: Multiple lifestyle and food articles about McDonald’s menu items, nicknames, cookies, pies, and ordering hacks are keeping the brand visible, but they appear unlikely to materially change near-term earnings expectations.
• Neutral Sentiment: A commentary piece from 247WallSt referenced former McDonald’s CIO Phil LeBrun in a broader discussion about headcount cuts and business evolution; this is more of an industry/management thought piece than a direct company catalyst.
• Negative Sentiment: Recent coverage emphasizes that MCD has fallen sharply this year and is trading close to its 52-week low, reinforcing bearish momentum and likely contributing to investor caution. Article Title
• Negative Sentiment: One market note reported McDonald’s shares falling 3% and pointed to the stock’s weak year-to-date performance, suggesting investors remain concerned about valuation and the outlook for growth. Article Title

McDonald’s Stock Performance

Shares of MCD stock opened at $270.48 on Tuesday. The stock has a fifty day moving average price of $286.20 and a 200 day moving average price of $305.60. The stock has a market cap of $192.18 billion, a PE ratio of 22.30, a P/E/G ratio of 2.78 and a beta of 0.41. McDonald’s Corporation has a 1 year low of $270.08 and a 1 year high of $341.75.

McDonald’s (NYSE:MCD) last posted its earnings results on Thursday, May 7th. The fast-food giant reported $2.83 earnings per share for the quarter, beating the consensus estimate of $2.74 by $0.09. McDonald’s had a negative return on equity of 442.10% and a net margin of 31.62%.The company had revenue of $6.52 billion for the quarter, compared to analyst estimates of $6.47 billion. During the same quarter in the prior year, the company earned $2.67 earnings per share. McDonald’s’s revenue was up 9.4% compared to the same quarter last year. As a group, equities research analysts predict that McDonald’s Corporation will post 12.93 earnings per share for the current year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd were paid a $1.86 dividend. This represents a $7.44 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Tuesday, June 2nd. McDonald’s’s dividend payout ratio is presently 61.34%.

McDonald’s Company Profile

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.