Mondrian Investment Partners 13F: Adds $1M to MCD Stake

Mondrian Investment Partners increased its stake in McDonald's Corporation [NYSE: MCD] by 4,344 shares during the quarter, according to a Form 13F filed with the SEC on October 23, 2026. The purchase marked a 101.3% increase from the fund's previous holding of 4,287 shares. Following the transaction, the firm owned 8,631 shares valued at approximately $1.99 million. On the filing date, McDonald's shares closed at $248.46.

MCD McDonald's Corporation

$248.46 ▼ -16.46% year to date

1M 3M YTD

Daily close · Oct 23, 2026

What Changed in Mondrian Investment Partners's McDonald's Position

The reported purchase doubled the fund's exposure to the fast-food giant. Mondrian's position moved from 4,287 shares to 8,631 shares, reflecting the addition of 4,344 shares over the period. The total value of the holdings reached $1,993,243 at the close of the period.

Other Institutional Activity in McDonald's

Other institutional managers also adjusted their positions in the consumer cyclical company around the same time. Midwest Trust grew its holdings by 29,322 shares, ending with 266,837 shares worth about $61.62 million in a filing on October 22, 2026. Perigon Wealth Management reduced its holdings by 20,407 shares, or 32.1%, to finish with 43,182 shares valued at roughly $9.97 million. RMR Wealth Builders expanded its stake by 2,234 shares, or 14.5%, to hold 17,692 shares worth about $4.09 million. Smith Chas P & Associates Pa Cpas lifted its holdings by 13,617 shares, or 7.9%, ending with 185,303 shares valued at approximately $45.02 million. Finally, Pictet North America Advisors grew its position by 4,033 shares, or 8.8%, to hold 49,776 shares worth about $11.50 million.

McDonald's Corporation Stock Up 0.9%

McDonald's recently traded around $248.53 as of October 24, 2026, sitting below both its 50-day moving average of $250.26 and its 200-day moving average of $284.83. The stock sits 27.3% below its 52-week high of $341.75 and 8.4% above its 52-week low of $229.20.

Recent Earnings

McDonald's reported trailing twelve month revenue of $27.70 billion alongside trailing earnings of $12.31 per share. The company maintains a net profit margin of 31.7% and is scheduled to report its next round of earnings on November 4, 2026.

Dividend

McDonald's pays an annual dividend rate of $7.72 per share, yielding 3.06% with a payout ratio of 59.7%.

Insider Buying and Selling at McDonald's Corporation

Company insiders completed several transactions prior to the filing. Officer Joseph M Erlinger sold 333 shares on April 23, 2026, at a price of $302.72 for a total of $100,806, and later sold 333 shares on May 26, 2026, at $280.11 for $93,277. Officer Desiree Ann Ralls-Morrison sold 2,763 shares on May 28, 2026, at $278.36 for $769,109. Additionally, Joseph M Erlinger sold 5,252 shares on June 10, 2026, at $284.32 for $1,493,249.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock ahead of the filing. On October 5, 2026, Wells Fargo maintained an overweight rating while lowering its price target from $300.00 to $270.00. Guggenheim maintained a neutral rating on October 5, 2026, adjusting its target from $290.00 to $250.00. Keybanc maintained an overweight rating on October 6, 2026, adjusting its target from $305.00 to $280.00. Bernstein maintained a market perform rating on October 8, 2026, adjusting its target from $295.00 to $250.00. Citigroup maintained a buy rating on October 20, 2026, lowering its target from $305.00 to $295.00. Overall, the stock carries a consensus buy recommendation from 29 analysts with a mean price target of $291.69.

About McDonald's

McDonald's Corporation operates and franchises hamburger restaurant chains around the world. The company serves a variety of food items, beverages, and breakfast menus across international markets under its globally recognized brand.

Bottom Line

Investors will watch for the company's upcoming earnings report on November 4, 2026, to gauge restaurant traffic and profit margins. Future institutional filings will show whether funds continue to build positions in the restaurant operator.