Smith Chas P & Associates Pa Cpas 13F: Adds $3.3M to MCD Stake

Smith Chas P & Associates increased its holdings in McDonald's Corporation (NYSE: MCD) by 7.9%, purchasing 13,617 shares during the quarter to end with 185,303 shares, according to a Form 13F filed with the SEC on October 22, 2026. The investment was worth approximately $45,023,121 at the time of the filing.

MCD McDonald's Corporation

$246.25 ▼ -17.21% year to date

1M 3M YTD

Daily close · Oct 21, 2026

What Changed in Smith Chas P & Associates's McDonald's Position

The firm grew its stake by 13,617 shares, moving from a prior count of 171,686 shares up to 185,303 shares. This 7.9% increase lifted the total portfolio value of the holding to over $45 million.

Other Institutional Activity in McDonald's

Other major fund managers also adjusted their positions in the restaurant chain. Davenport grew its holdings by 157,213 shares, ending with 567,730 shares worth about $131,495,549. Cliftonlarsonallen Wealth Advisors closed out its position by shedding 10,806 shares down to zero. Pictet North America Advisors raised its stake by 4,033 shares, or 8.8%, to hold 49,776 shares valued at about $11,495,269. Meanwhile, PensionDanmark Pensionsforsikringsaktieselskab trimmed its holdings by 13,371 shares, or 10.8%, finishing with 110,984 shares worth approximately $25,630,645.

McDonald's Corporation Stock Up 0.9%

McDonald's shares recently traded around $248.67 as of October 22, 2026, down about 0.3% from its closing price of $249.31 on the filing date. The stock has faced downward pressure over the past year, trading well below its 52-week high of $341.75 and closer to its 52-week low of $229.20. The current share price also sits below its 50-day moving average of $250.73 and its 200-day moving average of $285.08, leaving it 14.7% below the average analyst target price of $291.69.

Recent Earnings

McDonald's reported $27.7 billion in trailing-twelve-month revenue alongside a net profit margin of 31.7%. The company posts an earnings per share of $12.31 and a return on equity of various operational metrics. Its next quarterly earnings release is scheduled for November 4, 2026.

Dividend

The company pays an annual dividend of $7.72 per share, translating to a dividend yield of 3.14%. The payout ratio stands at 59.7% of earnings.

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 an average price of $302.72 for a total value of $100,806, and another 333 shares on May 26, 2026, at $280.11 worth $93,277. Erlinger later sold 5,252 shares on June 10, 2026, at $284.32 for $1,493,249. Additionally, officer Desiree Ann Ralls-Morrison sold 2,763 shares on May 28, 2026, at $278.36 for $769,109.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock ahead of the filing. Wells Fargo maintained an Overweight rating with a target price lowered from $300 to $270 on October 5, 2026. Guggenheim kept a Neutral rating while cutting its target from $290 to $250 on the same day. Keybanc maintained its Overweight rating on October 6, 2026, lowering its target to $280 from $305. Bernstein kept a Market Perform rating and moved its target from $295 to $250 on October 8, 2026. Citigroup maintained a Buy rating on October 20, 2026, adjusting its target from $305 to $295. Overall, the stock carries a consensus buy rating among 29 analysts.

About McDonald's

McDonald's Corporation operates and franchises fast-food restaurants across the United States and globally. The company serves a menu featuring hamburgers, chicken items, french fries, breakfast foods, and beverages. Institutional investors closely monitor its ongoing operational updates and consumer spending trends.

Bottom Line

Investors will look toward the upcoming earnings report on November 4, 2026, for further updates on sales and growth metrics. The filing highlights ongoing institutional adjustments as the stock trades near the lower end of its yearly range.