DAVENPORT 13F: Adds $36M to McDonald's (MCD) Stake

Davenport expanded its investment in McDonald's Corporation (NYSE: MCD), according to a Form 13F filing submitted to the SEC on October 14, 2026. Because 13F reports look backward at the previous quarter, the filing reflects holdings as of that period and may not show the firm's current position today.

Inside Davenport's McDonald's Trade

Davenport lifted its position by a 38.3% increase, picking up 157,213 additional shares. That brought its total holdings to 567,730 shares, carrying a reported market value of $131,495,549. The purchase builds up the firm's bet on the fast-food giant.

Other Institutional Activity in McDonald's

Other major institutional managers also tweaked their holdings in McDonald's around the same reporting window. Blackrock Inc. grew its holdings by 83,030 shares, ending with 55,436,039 shares worth about $13,469,294,463. Vanguard Capital Management LLC grew its holdings by 180,244 shares, ending with 46,396,692 shares worth about $11,273,004,311. State Street Corporation grew its holdings by 648,407 shares, ending with 36,080,505 shares worth about $8,766,480,343. On the other hand, JPMORGAN CHASE & CO reduced its holdings by 5,731,058 shares, ending with 31,923,726 shares worth about $7,756,507,745. Vanguard Portfolio Management LLC reduced its holdings by 322,865 shares, ending with 18,781,589 shares worth about $4,563,362,702.

McDonald's Corporation Stock Up 1.8%

McDonald's shares recently traded around $242.57 as of October 16, 2026. The stock is currently trading below its 50-day moving average of $253.13 and below its 200-day moving average of $286.28. It sits 29.0% below its 52-week high of $341.75 and 5.8% above its 52-week low of $229.20.

Recent Earnings

For its trailing twelve months, McDonald's generated $27,701,999,616 in revenue with a net profit margin of 31.7%. The company posted trailing earnings of $12.31 per share. Its year-over-year revenue growth stood at 3.7%. The company is scheduled to release its next earnings report on November 4, 2026.

Dividend

McDonald's pays an annual dividend yielding 3.18%, backed by a payout ratio of 59.7% of its earnings.

Insider Buying and Selling at McDonald's Corporation

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

Analysts Set New Price Targets

Wall Street analysts have kept a close eye on the restaurant operator. On September 29, 2026, JP Morgan maintained its Overweight rating while lowering its price target from $260.00 to $250.00. Wells Fargo maintained an Overweight rating on October 5, 2026, cutting its target from $300.00 to $270.00. On the same day, Guggenheim kept a Neutral rating and dropped 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 maintained a Market Perform rating on October 8, 2026, lowering its target from $295.00 to $250.00. Overall, the stock carries a consensus buy recommendation from 29 analysts, with a mean price target of $292.03.

About McDonald's

Headquartered in Chicago, Illinois, McDonald's Corporation operates and franchises fast-food restaurants around the globe. The company serves hamburgers, chicken items, fries, breakfast meals, and beverages through its well-known brand. Institutional filings like Davenport's offer insight into how large professional investors position themselves in the consumer cyclical sector.

Bottom Line

Investors will be watching closely when McDonald's reports its next financial results on November 4, 2026. Keep in mind that 13F filings are historic snapshots and may not reflect what Davenport holds today. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.