McDonald's Corporation $MCD Stock Position Raised by Amundi

Amundi increased its stake in McDonald's by 96% in Q2, owning 4,032,676 shares worth $1.19 billion. Other hedge funds also adjusted their positions. McDonald's reported Q3 earnings of $3.22 per share, missing estimates, with revenue up 3% YoY. The company raised its quarterly dividend to $1.86 per share. Insiders sold shares worth $12.24 million recently.

DBS Sticks to Its Buy Rating for McDonald’s (MCD)

DBS analyst Alison Fok maintained a Buy rating for McDonald’s with a price target of $357.00. McDonald’s shares closed at $307.71. Fok has an average return of 5.7% and a 59.03% success rate. Wells Fargo also issued a Buy rating, while Bernstein maintained a Hold rating.

The S&P 500 Index closed up 0.3% preliminarily, with the energy sector rising 1.8%, the financial sector up 1.2%, the consumer discretionary sector up 0.8%, the telecommunications sector up 0.2%, and the technology sector down 0.4%. The Nasdaq 100 Index closed up 0.2% preliminarily, with Microchip Tech rising 12.7%, ON Semiconductor up 10.8%, Marvell Technology up 7.6%, Meta down 1.1%, Micron and Microsoft down 2.3%, Regeneron Pharma down 2.5%, PayPal down 2.7%, TTD down 3.2%, and Netflix down 4.9%. UnitedHealth rose 4.9%, Goldman Sachs rose 2.6%, McDonald's, American Express, and Amgen all rose at least 2%, NVIDIA down 1%, and Boeing down 1.5%

Dow Up Nearly 150 Points On Gains For Shares Of UnitedHealth, McDonald'S

The Dow Jones Industrial Average rose by 145 points, or 0.3%, driven by strong performances from UnitedHealth and McDonald's shares. UnitedHealth's shares increased by $6.99 (2.2%), and McDonald's by $4.81 (1.6%), contributing significantly to the index's rise. Other notable contributors include Merck, Nike, and American Express. A $1 change in any of the 30 index components results in a 6.16-point swing.

Van Hulzen Asset Management LLC Purchases 5,006 Shares of McDonald's Corporation $MCD

Van Hulzen Asset Management LLC increased its stake in McDonald's Corporation by 6.5% in Q2, owning 82,469 shares valued at $24,095,000. Other institutional investors also adjusted their positions. Insider trading saw CFO Ian Borden and EVP Manuel Steijaert selling shares. Analysts have mixed ratings on McDonald's, with a consensus 'Hold' rating and a target price of $324.57.