Wilmington Savings Fund Society, FSB 13F: Cuts MCD Stake by $1.4M

Wilmington Savings Fund Society, FSB trimmed its holdings in McDonald's Corporation NYSE: MCD by 9.8% during the quarter, shedding 5,852 shares to finish with 53,552 shares. The position was valued at roughly $12.4 million according to the fund's Form 13F filing with the SEC on October 23, 2026. The fund held 59,404 shares prior to the adjustment.

MCD McDonald's Corporation

$248.46 ▼ -16.46% year to date

1M 3M YTD

Daily close · Oct 23, 2026

What Changed in Wilmington Savings Fund Society's McDonald's Position

In its filing on October 23, 2026, the fund reduced its exposure to the fast-food giant by 5,852 shares. That brought its total share count down to 53,552 shares, with the reported value landing at $12,367,299.

Other Institutional Activity in McDonald's

Smith Chas P & Associates Pa Cpas grew its holdings by 13,617 shares, ending with 185,303 shares worth about $45.0 million. Pictet North America Advisors added 4,033 shares to hold 49,776 shares valued at roughly $11.5 million. PensionDanmark Pensionsforsikringsaktieselskab cut its stake by 13,371 shares, leaving it with 110,984 shares worth about $25.6 million. DAVENPORT lifted its position by 157,213 shares to reach 567,730 shares valued at approximately $131.5 million. Meanwhile, Cliftonlarsonallen Wealth Advisors closed out its position by shedding 10,806 shares.

McDonald's Corporation Stock Up 0.9%

McDonald's shares recently traded around $248.53, which is about equal to the closing price of $248.46 on October 23, 2026. The stock sits below its 50-day moving average of $250.26 and below its 200-day moving average of $284.83. The 52-week range spans from a low of $229.20 to a high of $341.75.

Recent Earnings

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

Dividend

The company pays an annual dividend rate of $7.72 per share, giving it a dividend yield of 3.06%. The payout ratio stands at 59.7%.

Insider Buying and Selling at McDonald's Corporation

Officer Joseph M Erlinger sold 333 shares on April 23, 2026, for $100,806 at $302.72 per share. Joseph M Erlinger later sold 333 shares on May 26, 2026, for $93,277 at $280.11 per share. Desiree Ann Ralls-Morrison sold 2,763 shares on May 28, 2026, for $769,109 at $278.36 per share. Joseph M Erlinger also sold 5,252 shares on June 10, 2026, for $1,493,249 at $284.32 per share.

Analysts Set New Price Targets

Wells Fargo maintained an Overweight rating on October 5, 2026, with a target of $270.00. Guggenheim maintained a Neutral rating on October 5, 2026, setting a target of $250.00. Keybanc kept an Overweight rating on October 6, 2026, with a target of $280.00. Bernstein kept a Market Perform rating on October 8, 2026, with a target of $250.00. Citigroup maintained a Buy rating on October 20, 2026, with a target of $295.00. The stock carries a consensus buy recommendation and a mean price target of $291.69 across 29 analyst opinions.

About McDonald's

Headquartered in Chicago, Illinois, McDonald's Corporation operates and franchises quick-service restaurants around the world. The company serves a large menu featuring burgers, chicken items, breakfast foods, and beverages across thousands of locations.

Bottom Line

Institutional adjustments like this one highlight shifting strategies among major asset managers as the company prepares for its upcoming earnings report in November.