McDonald's (MCD)

• Market cap: $226B
• 1 day: -0.78%
• 5 days: 2.19%
• 1 month: 3.38%
• 3 months: 10.70%
• 6 months: 4.78%
• Year to date: 8.03%
• 1 year: 14.18%
• 5 years: 71.72%
• 10 years: 220.03%
• Sector: Consumer Discretionary
• Industry: Restaurants

About: McDonald's is the largest restaurant owner-operator in the world, with 2024 system sales of $131 billion across more than 43,000 stores and 115 markets. McDonald's pioneered the franchise model, building its footprint through partnerships with independent restaurant franchisees and master franchise partners around the globe. The firm earns roughly 60% of its revenue from franchise royalty fees and lease payments, with most of the remainder coming from company-operated stores across its three core segments: the United States, internationally operated markets, and international developmental/licensed markets.

Employees: 150,000

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

195% more first-time investments, than exits

New positions opened: 378 | Existing positions closed: 128

6% more funds holding

Funds holding: 3,122 [Q3] → 3,303 (+181) [Q4]

2.06% more ownership

Funds ownership: 70.23% [Q3] → 72.29% (+2.06%) [Q4]

3% more repeat investments, than reductions

Existing positions increased: 1,273 | Existing positions reduced: 1,233

0% less capital invested

Capital invested by funds: $153B [Q3] → $152B (-$140M) [Q4]

5% less call options, than puts

Call options by funds: $3.22B | Put options by funds: $3.4B

18% less funds holding in top 10

Funds holding in top 10: 55 [Q3] → 45 (-10) [Q4]

Research analyst outlook

13 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $290 8% downside
• Avg. target: $325 3% upside
• High target: $353 12% upside

13 analyst ratings

• positive: 9 69%
• neutral: 4 31%
• negative: 0 0%

Barclays Jeffrey Bernstein 43% 1-year accuracy 50 / 115 met price target	10% upside $347	Overweight Maintained	22 Apr 2025
Baird David Tarantino 35% 1-year accuracy 11 / 31 met price target	5% downside $300	Neutral Maintained	7 Apr 2025
Citigroup Jon Tower 38% 1-year accuracy 13 / 34 met price target	12% upside $353	Buy Maintained	3 Apr 2025
Morgan Stanley John Glass 39% 1-year accuracy 12 / 31 met price target	6% upside $335	Overweight Maintained	17 Mar 2025
Truist Securities Jake Bartlett 18% 1-year accuracy 12 / 67 met price target	8% upside $340	Buy Maintained	11 Feb 2025