State of New Jersey Common Pension Fund D Lowers Position in McDonald’s Corporation $MCD

30 Apr 2026, 17:23 by Renee Jackson · The Cerbat Gem

State of New Jersey Common Pension Fund D cut its holdings in McDonald’s Corporation (NYSE:MCD – Free Report) by 2.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 244,307 shares of the fast-food giant’s stock after selling 5,473 shares during the period. State of New Jersey Common Pension Fund D’s holdings in McDonald’s were worth $74,668,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. D.A. Davidson & CO. grew its holdings in shares of McDonald’s by 2.7% during the 3rd quarter. D.A. Davidson & CO. now owns 143,492 shares of the fast-food giant’s stock worth $43,606,000 after acquiring an additional 3,774 shares during the period. Synergy Asset Management LLC boosted its stake in McDonald’s by 317.2% during the third quarter. Synergy Asset Management LLC now owns 19,079 shares of the fast-food giant’s stock worth $5,691,000 after acquiring an additional 14,506 shares in the last quarter. National Pension Service increased its position in McDonald’s by 2.5% during the 3rd quarter. National Pension Service now owns 1,533,015 shares of the fast-food giant’s stock valued at $465,868,000 after buying an additional 37,744 shares in the last quarter. Schroder Investment Management Group raised its position in shares of McDonald’s by 5.2% in the 3rd quarter. Schroder Investment Management Group now owns 1,029,572 shares of the fast-food giant’s stock worth $312,877,000 after purchasing an additional 51,039 shares during the last quarter. Finally, Abich Financial Wealth Management LLC bought a new position in McDonald’s in the 3rd quarter worth about $1,697,000. Institutional investors own 70.29% of the company’s stock.

Trending Headlines about McDonald’s

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

Positive Sentiment: McDonald’s is launching a six-item lineup of “crafted” drinks (refreshers, crafted sodas) nationwide on May 6 — a push that could boost average check and margins if customers trade up to higher‑margin beverages. Crafted Drinks Launch
Positive Sentiment: Analysts and outlets are framing McDonald’s beverage push as a large opportunity (some coverage describes drinks as a potential $100B market), underscoring upside to sales and margin if McD captures share from specialty coffee and independent “dirty soda” trends. Drinks Opportunity
Positive Sentiment: Limited-edition items and nostalgic promotions (Grimace shake, themed carriers) are generating free social-media marketing and traffic, which can drive short-term same-store sales lifts. Promotions & Marketing
Neutral Sentiment: Several analyst and opinion pieces are re-evaluating McDonald’s after a recent share-price pullback; these discussions highlight valuation, dividend attractiveness, and whether current pricing reflects fundamentals — useful context but not a direct catalyst. Reassessment Article
Neutral Sentiment: Industry reports and competitor results (e.g., Chipotle sales beat) keep focus on peer performance and the broader QSR growth environment; this is background that can influence relative investor sentiment. Chipotle Results
Negative Sentiment: Erste Group trimmed its FY2026 and FY2027 EPS forecasts for McDonald’s slightly and left a Hold rating — small cuts, but they add to cautious analyst tone amid the share pullback. Analyst Estimate Changes
Negative Sentiment: Some consumer reaction pieces suggest the new McValue menu and certain promotions may disappoint value-seeking customers, which could limit traffic gains from value-focused initiatives. McValue Menu Reaction

Insider Activity

In other news, CEO Christopher J. Kempczinski sold 26,276 shares of the firm’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $333.54, for a total transaction of $8,764,097.04. Following the sale, the chief executive officer directly owned 22,900 shares in the company, valued at $7,638,066. This trade represents a 53.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Edith Morgan Flatley sold 4,692 shares of the company’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $331.00, for a total value of $1,553,052.00. Following the completion of the transaction, the chief marketing officer directly owned 6,200 shares of the company’s stock, valued at $2,052,200. The trade was a 43.08% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 71,990 shares of company stock valued at $23,824,113. Insiders own 0.26% of the company’s stock.

McDonald’s Trading Down 0.2%

Shares of McDonald’s stock opened at $291.87 on Thursday. McDonald’s Corporation has a 12 month low of $283.47 and a 12 month high of $341.75. The stock has a 50 day moving average of $314.95 and a 200 day moving average of $311.86. The firm has a market cap of $207.47 billion, a PE ratio of 24.28, a PEG ratio of 2.68 and a beta of 0.53.

McDonald’s (NYSE:MCD – Get Free Report) last posted its quarterly earnings data on Wednesday, February 11th. The fast-food giant reported $3.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.05 by $0.07. McDonald’s had a negative return on equity of 343.90% and a net margin of 31.85%.The business had revenue of $7.01 billion during the quarter, compared to analyst estimates of $6.81 billion. During the same period last year, the company earned $2.83 EPS. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. As a group, equities research analysts forecast that McDonald’s Corporation will post 13.21 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 17th. Shareholders of record on Tuesday, March 3rd were given a $1.86 dividend. The ex-dividend date was Tuesday, March 3rd. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.5%. McDonald’s’s dividend payout ratio is 62.26%.

Analyst Ratings Changes

A number of analysts have recently commented on MCD shares. BTIG Research reiterated a “buy” rating and issued a $370.00 price target on shares of McDonald’s in a research note on Tuesday. Oppenheimer upgraded McDonald’s from a “market perform” rating to an “outperform” rating and set a $355.00 price objective for the company in a research report on Tuesday, January 6th. Truist Financial boosted their price target on McDonald’s from $356.00 to $370.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Royal Bank Of Canada upped their target price on shares of McDonald’s from $320.00 to $330.00 and gave the company a “sector perform” rating in a report on Thursday, February 12th. Finally, Piper Sandler upped their price objective on McDonald’s from $323.00 to $325.00 and gave the stock a “neutral” rating in a research note on Thursday, February 12th. Sixteen research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, McDonald’s presently has an average rating of “Hold” and a consensus target price of $340.93.

Check Out Our Latest Research Report on McDonald’s

McDonald’s Company Profile

(Free Report)

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.