PensionDanmark Pensionsforsikringsaktieselskab 13F: Cuts MCD Stake by $3.1M

PensionDanmark reduced its holdings in McDonald's Corporation (NYSE:MCD) by 10.8%, trimming 13,371 shares during the period to end with 110,984 shares. The fund disclosed the trade in a Form 13F filing submitted to the SEC on October 19, 2026. The remaining stake was valued at approximately $25.6 million at the time of the report.

MCD McDonald's Corporation

$242.67 ▼ -18.41% year to date

1M 3M YTD

Daily close · Oct 19, 2026

What Changed in PensionDanmark's McDonald's Position

In its filing, PensionDanmark reported owning 110,984 shares of the fast-food chain down from its previous total of 124,355 shares. The 10.75% reduction trimmed the fund's investment in the company.

Other Institutional Activity in McDonald's

Other large investors adjusted their positions in the restaurant operator around the same time. Davenport grew its holdings by 157,213 shares, ending with 567,730 shares worth about $131.5 million. Meanwhile, Cliftonlarsonallen Wealth Advisors closed out its position entirely by selling all 10,806 of its shares.

McDonald's Corporation Stock Down 0.1%

McDonald's shares recently traded around $242.63, sitting near the lower end of their 52-week range of $229.20 to $341.75. The stock closed at $242.97 on October 16, 2026. The recent price sits below both its 50-day moving average of $253.13 and its 200-day moving average of $286.28. The company has a market capitalization of roughly $171.6 billion and a price-to-earnings ratio of 19.7.

Recent Earnings

McDonald's operates and franchises restaurants globally under the well-known brand. The company posted trailing twelve month revenue of $27.7 billion and an earnings per share of $12.31. Its net margin stood at 31.7%. The company is scheduled to release its next financial results on November 4, 2026.

Dividend

The company offers an annual dividend with a yield of 3.18% and a payout ratio of 59.7%.

Insider Buying and Selling at McDonald's Corporation

Company insiders completed several share sales earlier in the year. Officer Joseph M Erlinger sold 333 shares on April 23 at $302.72 for a value of $100,806. Erlinger sold another 333 shares on May 26 at $280.11 for $93,277, and later sold 5,252 shares on June 10 at $284.32 for $1,493,249. Additionally, officer Desiree Ann Ralls-Morrison sold 2,763 shares on May 28 at $278.36 for $769,109.

Analysts Set New Price Targets

Analyst firms adjusted their views on the stock through the first week of October. JP Morgan maintained an Overweight rating while lowering its price target to $250.00 from $260.00 on September 29. Wells Fargo maintained an Overweight rating and dropped its target to $270.00 from $300.00 on October 5. Guggenheim kept a Neutral rating and cut its target to $250.00 from $290.00 on October 5. Keybanc maintained an Overweight rating with a reduced target of $280.00 on October 6, and Bernstein kept a Market Perform rating while lowering its target to $250.00 on October 8. The stock currently holds a consensus buy rating with a mean price target of $292.03.

About McDonald's

Headquartered in Chicago, Illinois, McDonald's Corporation operates thousands of quick-service restaurants across the United States and international markets. The company generates revenue through a mix of company-owned store sales and franchise fees, offering burgers, chicken items, breakfast, beverages, and desserts.

Bottom Line

Investors will look closely at McDonald's upcoming earnings report on November 4, 2026, for updates on store traffic and profit margins. Institutional adjustments and insider transactions provide context on how large stakeholders view the stock as it trades below its major moving averages.