Summit Wealth Partners LLC Purchases 3,549 Shares of McDonald’s Corporation $MCD

Summit Wealth Partners LLC boosted its position in shares of McDonald’s Corporation (NYSE:MCD) by 508.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,247 shares of the fast-food giant’s stock after acquiring an additional 3,549 shares during the quarter. Summit Wealth Partners LLC’s holdings in McDonald’s were worth $1,320,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in MCD. Norges Bank bought a new position in shares of McDonald’s in the 4th quarter worth approximately $2,890,438,000. J. Stern & Co. LLP grew its position in McDonald’s by 9,867.5% during the fourth quarter. J. Stern & Co. LLP now owns 2,541,008 shares of the fast-food giant’s stock valued at $776,608,000 after buying an additional 2,515,515 shares during the period. Viking Global Investors LP grew its position in McDonald’s by 171.7% during the second quarter. Viking Global Investors LP now owns 3,125,432 shares of the fast-food giant’s stock valued at $913,157,000 after buying an additional 1,974,998 shares during the period. Franklin Resources Inc. increased its holdings in 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 valued at $1,336,155,000 after buying an additional 1,179,244 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in McDonald’s by 111.3% in 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 acquiring an additional 1,090,849 shares during the period. 70.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Evercore set a $350.00 price objective on shares of McDonald’s in a research report on Friday, May 8th. Barclays decreased their target price on McDonald’s from $380.00 to $350.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. Morgan Stanley set a $331.00 target price on McDonald’s in a research report on Friday, May 8th. Erste Group Bank lowered McDonald’s from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, KeyCorp reduced their price target on McDonald’s from $345.00 to $330.00 and set an “overweight” rating for the company in a research 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $336.26.

Trending Headlines about McDonald’s

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

Insider Activity

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

McDonald’s Price Performance

Shares of NYSE MCD opened at $270.48 on Tuesday. The firm 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 price-to-earnings-growth 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 issued its quarterly earnings results on Thursday, May 7th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.74 by $0.09. The business had revenue of $6.52 billion during the quarter, compared to analyst estimates of $6.47 billion. McDonald’s had a negative return on equity of 442.10% and a net margin of 31.62%.McDonald’s’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.67 EPS. On average, research analysts expect that McDonald’s Corporation will post 12.93 EPS for the current year.

McDonald’s Announces Dividend

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

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.