Pictet North America Advisors 13F: Adds $931K to MCD Stake

Pictet North America Advisors raised its stake in McDonald's Corporation (NYSE:MCD) by 8.8% during the third quarter, according to a Form 13F filing with the Securities and Exchange Commission on October 21, 2026. The firm added 4,033 shares to bring its total holdings to 49,776 shares. The reported value of the position stood at $11,495,269 as of the filing date.

MCD McDonald's Corporation

$246.25 ▼ -17.21% year to date

1M 3M YTD

Daily close · Oct 21, 2026

What Changed in Pictet North America Advisors's McDonald's Position

Pictet North America Advisors boosted its investment in the fast-food giant from its previous level of 45,743 shares. The 8.81% increase lifted the fund's total share count to 49,776. McDonald's shares closed at $246.25 on the day of the filing.

Other Institutional Activity in McDonald's

Other large investors adjusted their positions in the restaurant chain as well. Cliftonlarsonallen Wealth Advisors sold off its entire stake by shedding 10,806 shares, ending with zero shares. PensionDanmark Pensionsforsikringsaktieselskab cut its holdings by 10.75%, reducing its position by 13,371 shares to finish with 110,984 shares valued at about $25.6 million. Meanwhile, DAVENPORT grew its holdings by 38.3%, adding 157,213 shares to end with 567,730 shares worth approximately $131.5 million.

McDonald's Corporation Stock Up 0.9%

McDonald's shares recently traded around $246.22 as of October 22, 2026, sitting close to the event-day close of $246.25. The stock has traded between a 52-week low of $229.20 and a 52-week high of $341.75. The company has a market capitalization of roughly $174.3 billion and a price-to-earnings ratio of 20.0.

Recent Earnings

McDonald's reported trailing twelve months revenue of $27.7 billion and earnings of $12.31 per share. The company operates with a net profit margin of 31.7% and a year-over-year revenue growth rate of 3.7%. The next quarterly earnings report is scheduled for release on November 4, 2026.

Dividend

Income investors receive an annual dividend of $7.72 per share from McDonald's, translating to a dividend yield of 3.14%. The company's dividend payout ratio sits at 59.7%.

Insider Buying and Selling at McDonald's Corporation

Company insiders completed several transactions earlier in the year. Officer Joseph M Erlinger sold 333 shares on April 23, 2026, followed by another sale of 333 shares on May 26, 2026. Officer Desiree Ann Ralls-Morrison parted with 2,763 shares on May 28, 2026. Later, on June 10, 2026, Joseph M Erlinger sold an additional 5,252 shares. None of these transactions were reported as part of a pre-arranged Rule 10b5-1 trading plan.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock ahead of the filing. Wells Fargo maintained its Overweight rating while lowering its price target from $300.00 to $270.00 on October 5, 2026. Guggenheim kept a Neutral rating and dropped its target from $290.00 to $250.00 on the same day. Keybanc maintained an Overweight rating with a lowered target of $280.00 on October 6, 2026. Bernstein kept a Market Perform rating and moved its target from $295.00 to $250.00 on October 8, 2026. Citigroup maintained a Buy rating and adjusted its target from $305.00 to $295.00 on October 20, 2026. Overall, the stock holds a consensus buy rating with a mean target price of $291.69 across 29 analyst opinions.

About McDonald's

McDonald's Corporation operates and franchises a massive global network of quick-service restaurants. The company serves millions of customers daily by offering hamburgers, chicken items, breakfast foods, beverages, and desserts across thousands of locations in the United States and international markets.

Bottom Line

Investors are keeping an eye on upcoming financial results and broader consumer trends in the restaurant sector. The next major milestone for the company arrives with its earnings announcement in early November.