Perigon Wealth Management 13F: Cuts MCD Stake by $4.7M

Perigon Wealth Management trimmed its stake in McDonald's Corporation (NYSE:MCD) by 32.1% during the quarter, according to a Form 13F filing with the SEC on October 22, 2026.

MCD McDonald's Corporation

$252.63 ▼ -15.06% year to date

1M 3M YTD

Daily close · Oct 22, 2026

What Changed in Perigon Wealth Management's McDonald's Corporation Position

The firm sold 20,407 shares during the period, leaving it with 43,182 shares. The remaining stake had a reported value of $9,972,291 at the close of the quarter. McDonald's closed at $252.63 on the filing date.

Other Institutional Activity in McDonald's Corporation

Other institutional investors made notable shifts in their McDonald's positions during the filing period. Midwest Trust grew its holdings by 29,322 shares, ending with 266,837 shares worth about $61,623,274. Smith Chas P & Associates Pa Cpas lifted its stake by 13,617 shares to own 185,303 shares valued at approximately $45,023,121. Pictet North America Advisors added 4,033 shares for a total of 49,776 shares worth about $11,495,269. Meanwhile, PensionDanmark Pensionsforsikringsaktieselskab cut its holdings by 13,371 shares, finishing with 110,984 shares valued at roughly $25,630,645. DAVENPORT expanded its position significantly by adding 157,213 shares to hold 567,730 shares worth about $131,495,549.

McDonald's Corporation Stock Up 2.5%

McDonald's shares recently traded around $252.59 as of October 23, 2026, sitting roughly equal to the previous day's close. The stock trades above its 50-day moving average but remains below its 200-day moving average and its 52-week high of $341.75.

Recent Earnings

McDonald's reported trailing twelve month revenue of $27.7 billion and basic earnings of $12.31 per share. The company operates with a net profit margin of 31.7% and anticipates its next earnings release on November 4, 2026.

Dividend

McDonald's rewards shareholders with an annual dividend of $7.72 per share. This payout translates to a dividend yield of 3.14% based on recent share levels. The company's dividend payout ratio sits at 59.7%, reflecting the portion of earnings dedicated to regular cash returns.

Insider Buying and Selling at McDonald's Corporation

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

Analysts Set New Price Targets

Wall Street firms updated their outlooks on the restaurant chain ahead of the filing. Wells Fargo maintained an Overweight rating on October 5, 2026, while lowering its target from $300.00 to $270.00. Guggenheim kept 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, moving its target from $305.00 to $280.00. Bernstein kept a Market Perform rating on October 8, 2026, reducing its target from $295.00 to $250.00. Citigroup maintained a Buy rating on October 20, 2026, moving its target from $305.00 to $295.00. Overall, the stock carries a consensus buy rating with a mean price target of $291.69 across 29 analyst opinions.

About McDonald's Corporation

Headquartered in Chicago, Illinois, McDonald's Corporation operates and franchises quick-service restaurants around the world. The company serves hamburgers, chicken items, breakfast meals, and beverages under its globally recognized brand name.

Bottom Line

Investors tracking McDonald's will look toward the upcoming earnings report on November 4, 2026, for fresh details on international foot traffic and menu performance. Institutional adjustments like Perigon's reduction show shifting sentiment among mid-sized wealth managers as the restaurant giant navigates a changing consumer landscape.