MCDONALDS CORP MCD
COM · Common Stock · CUSIP 580135101 · ISIN US5801351017
American fast food restaurant chain
- SectorConsumer discretionary
- IndustryRetail-Eating Places
- HeadquartersChicago, IL
- Founded1940
- Websitemcdonalds.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($789.2m this quarter). Holder counts are more reliable. Shares outstanding: 712.2m as of 2025-09-30, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $303.75. Options: 64 managers hold calls ($2.8bn notional), 65 hold puts ($2.7bn).
Trends to Q3 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 2,703 |
| Q4 2022 | 2,926 |
| Q1 2023 | 2,952 |
| Q2 2023 | 3,010 |
| Q3 2023 | 3,002 |
| Q4 2023 | 3,191 |
| Q1 2024 | 3,173 |
| Q2 2024 | 3,088 |
| Q3 2024 | 3,171 |
| Q4 2024 | 3,391 |
| Q1 2025 | 3,424 |
| Q2 2025 | 3,424 |
| Q3 2025 | 3,422 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2023 | 1,422 | 1,280 |
| Q1 2024 | 1,381 | 1,467 |
| Q2 2024 | 1,306 | 1,534 |
| Q3 2024 | 1,391 | 1,428 |
| Q4 2024 | 1,401 | 1,383 |
| Q1 2025 | 1,576 | 1,496 |
| Q2 2025 | 1,514 | 1,513 |
| Q3 2025 | 1,593 | 1,420 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2024 | $3.2bn | $3.4bn | 1.05 |
| Q1 2025 | $2.8bn | $2.6bn | 0.91 |
| Q2 2025 | $2.7bn | $2.7bn | 0.99 |
| Q3 2025 | $2.8bn | $2.7bn | 0.98 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +34.3m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +1.4m |
| FRANKLIN RESOURCES INC | Added | +1.2m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +1.1m |
| MARSHALL WACE, LLP | New | +827.5k |
| Alyeska Investment Group, L.P. | Added | +783.4k |
| MILLENNIUM MANAGEMENT LLC | Added | +529.0k |
| CANADA PENSION PLAN INVESTMENT BOARD | Added | +445.8k |
| FMR LLC | Added | +402.9k |
| WORLDQUANT MILLENNIUM ADVISORS LLC | New | +388.1k |
Biggest sellers
| ROYAL BANK OF CANADA | Reduced | -7.5m |
| BROADWATER CAPITAL MANAGEMENT LLC | Reduced | -6.0m |
| Soundwatch Capital LLC | Sold out | -4.8m |
| CITADEL ADVISORS LLC | Reduced | -2.3m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -1.7m |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -1.6m |
| Qube Research & Technologies Ltd | Reduced | -999.5k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Reduced | -846.8k |
| Capital Research Global Investors | Reduced | -618.0k |
| Point72 Asset Management, L.P. | Reduced | -593.5k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $612.8m2.0m shares |
| CITADEL ADVISORS LLC | Added | $349.0m1.1m shares |
| JANE STREET GROUP, LLC | Added | $256.0m842.4k shares |
| IMC-Chicago, LLC | Added | $196.8m647.6k shares |
| D. E. Shaw & Co., Inc. | Added | $139.9m460.2k shares |
| WELLS FARGO & COMPANY/MN | Added | $119.3m392.5k shares |
| UBS Group AG | Added | $102.8m338.1k shares |
| WOLVERINE TRADING, LLC | Reduced | $92.7m306.0k shares |
| Twin Tree Management, LP | Reduced | $80.6m265.3k shares |
| TUDOR INVESTMENT CORP ET AL | Added | $75.5m248.4k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $576.7m1.9m shares |
| CITIGROUP INC | Reduced | $286.9m944.2k shares |
| CITADEL ADVISORS LLC | Reduced | $282.5m929.6k shares |
| JANE STREET GROUP, LLC | Added | $196.9m647.8k shares |
| IMC-Chicago, LLC | Added | $173.2m569.8k shares |
| BARCLAYS PLC | Added | $168.2m553.5k shares |
| WOLVERINE TRADING, LLC | Added | $128.3m423.4k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $111.2m365.9k shares |
| Twin Tree Management, LP | Added | $76.4m251.5k shares |
| SIMPLEX TRADING, LLC | Added | $67.8m252.0k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 7.5% |
| STATE STREET CORP 13G · institution +0.1 pts · filed 2026-08-07 | 5.1% |
Fell to 5% or below in the last year: JPMORGAN CHASE & CO (4.3%, 2026-07-22), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q3 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2023 | 0 | — | 3 | $7.6m | $5.1m |
| Q1 2024 | 0 | — | 4 | $3.5m | $1.9m |
| Q2 2024 | 0 | — | 2 | $1.1m | $880.6k |
| Q3 2024 | 0 | — | 4 | $13.4m | $13.4m |
| Q4 2024 | 0 | — | 4 | $4.1m | $4.1m |
| Q1 2025 | 0 | — | 7 | $12.5m | $1.0m |
| Q2 2025 | 0 | — | 2 | $2.8m | $865.8k |
| Q3 2025 | 0 | — | 4 | $3.8m | $3.4m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-09-02 | Flatley Edith Morgan EVP - Global CMO | Sold plan | $315.0k1.0k shares |
| 2025-08-20 | Flatley Edith Morgan EVP - Global CMO | Sold plan | $1.5m4.7k shares |
| 2025-08-19 | Banner Jonathan EVP - Chief Impact Officer | Sold | $310.0k1.0k shares |
| 2025-08-06 | Ralls-Morrison Desiree EVP, Chief Legal Officer | Sold plan | $771.0k2.5k shares |
| 2025-08-01 | Flatley Edith Morgan EVP - Global CMO | Sold plan | $296.2k976 shares |
| 2025-07-23 | Erlinger Joseph M. President, McDonald's USA | Sold plan | $281.2k939 shares |
| 2025-07-10 | Flatley Edith Morgan EVP - Global CMO | Sold plan | $300.0k1.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q3 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.33% of their portfolio | 71.6m $21.8bn | Added +316.6k |
| JPMORGAN CHASE & CO 0.66% of their portfolio | 68.4m $20.8bn | Added +34.3m |
| BlackRock, Inc. 0.28% of their portfolio | 52.1m $15.8bn | Added +204.9k |
| STATE STREET CORP 0.37% of their portfolio | 35.0m $10.6bn | Added +196.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.33% of their portfolio | 17.0m $5.1bn | Added +134.0k |
| MORGAN STANLEY 0.29% of their portfolio | 15.6m $4.7bn | Reduced -507.8k |
| BANK OF AMERICA CORP /DE/ 0.29% of their portfolio | 12.8m $3.9bn | Added +79.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.30% of their portfolio | 9.2m $2.8bn | Added +1.4m |
| NORTHERN TRUST CORP 0.33% of their portfolio | 8.4m $2.6bn | Reduced -332.2k |
| WELLS FARGO & COMPANY/MN 0.49% of their portfolio | 8.0m $2.4bn | Reduced -199.5k |
| WELLINGTON MANAGEMENT GROUP LLP 0.40% of their portfolio | 7.4m $2.3bn | Reduced -1.6m |
| ROYAL BANK OF CANADA 0.38% of their portfolio | 7.0m $2.1bn | Reduced -7.5m |
| Capital Research Global Investors 0.36% of their portfolio | 6.2m $1.9bn | Reduced -618.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.26% of their portfolio | 5.4m $1.6bn | Added +16.4k |
| UBS Group AG 0.32% of their portfolio | 5.3m $1.6bn | Added +289.3k |
| Bank of New York Mellon Corp 0.29% of their portfolio | 5.2m $1.6bn | Reduced -134.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.34% of their portfolio | 5.2m $1.6bn | Reduced -1.7m |
| Legal & General Group Plc 0.32% of their portfolio | 4.8m $1.4bn | Added +286.3k |
| Gallagher Fiduciary Advisors, LLC 51.08% of their portfolio | 4.6m $1.4bn | Reduced -126.2k |
| AMERIPRISE FINANCIAL INC 0.31% of their portfolio | 4.4m $1.3bn | Added +21.2k |
| FRANKLIN RESOURCES INC 0.33% of their portfolio | 4.4m $1.3bn | Added +1.2m |
| Amundi 0.41% of their portfolio | 4.3m $1.3bn | Added +286.1k |
| Invesco Ltd. 0.20% of their portfolio | 4.2m $1.3bn | Added +68.0k |
| GOLDMAN SACHS GROUP INC 0.18% of their portfolio | 4.1m $1.3bn | Reduced -144.0k |
| FMR LLC 0.06% of their portfolio | 3.9m $1.2bn | Added +402.9k |
| VIKING GLOBAL INVESTORS LP 2.66% of their portfolio | 3.4m $1.0bn | Added +249.4k |
| Nuveen, LLC 0.27% of their portfolio | 3.3m $1.0bn | Reduced -295.4k |
| BARCLAYS PLC 0.35% of their portfolio | 3.1m $938.6m | Reduced -163.0k |
| Fayez Sarofim & Co 1.95% of their portfolio | 2.8m $841.7m | Added +6.7k |
| PNC Financial Services Group, Inc. 0.49% of their portfolio | 2.7m $815.1m | Added +89.3k |
| DEUTSCHE BANK AG\ 0.26% of their portfolio | 2.5m $771.2m | Reduced -156.4k |
| RAYMOND JAMES FINANCIAL INC 0.24% of their portfolio | 2.5m $756.8m | Added +124.4k |
| California Public Employees Retirement System 0.39% of their portfolio | 2.2m $654.6m | Reduced -323.2k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.40% of their portfolio | 2.1m $629.4m | Added +1.1m |
| Sumitomo Mitsui Trust Group, Inc. 0.36% of their portfolio | 2.1m $628.5m | Added +19.0k |
| Swiss National Bank 0.36% of their portfolio | 2.1m $626.3m | Reduced -103.6k |
| NEUBERGER BERMAN GROUP LLC 0.42% of their portfolio | 1.9m $571.1m | Added +14.5k |
| DIMENSIONAL FUND ADVISORS LP 0.12% of their portfolio | 1.9m $565.3m | Added +76.3k |
| Capital Wealth Planning, LLC 3.77% of their portfolio | 1.8m $535.5m | Added +152.2k |
| LAZARD ASSET MANAGEMENT LLC 0.67% of their portfolio | 1.6m $500.6m | Reduced -102.0k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.34% of their portfolio | 1.6m $476.7m | Added +65.4k |
| BANQUE PICTET & CIE SA 4.78% of their portfolio | 1.6m $475.9m | Reduced -11.9k |
| HSBC HOLDINGS PLC 0.28% of their portfolio | 1.5m $470.1m | Reduced -38.1k |
| National Pension Service 0.36% of their portfolio | 1.5m $465.9m | Added +37.7k |
| Capital World Investors 0.06% of their portfolio | 1.5m $464.1m | Reduced -2.0k |
| LPL Financial LLC 0.13% of their portfolio | 1.5m $459.2m | Added +143.0k |
| 1832 Asset Management L.P. 0.75% of their portfolio | 1.5m $443.8m | Added +116.4k |
| HighTower Advisors, LLC 0.46% of their portfolio | 1.3m $406.5m | Added +97.4k |
| ALLIANCEBERNSTEIN L.P. 0.13% of their portfolio | 1.3m $403.4m | Added +59.1k |
| ENVESTNET ASSET MANAGEMENT INC 0.11% of their portfolio | 1.3m $393.1m | Reduced -53.0k |
| RHUMBLINE ADVISERS 0.31% of their portfolio | 1.3m $390.3m | Reduced -40.9k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.27% of their portfolio | 1.3m $389.5m | Added +445.8k |
| TD Asset Management Inc 0.32% of their portfolio | 1.3m $388.6m | Added +40.1k |
| CANADA LIFE ASSURANCE Co 0.54% of their portfolio | 1.2m $378.1m | Added +14.4k |
| BANK OF MONTREAL /CAN/ 0.16% of their portfolio | 1.2m $378.4m | Reduced -43.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.36% of their portfolio | 1.2m $351.7m | Added +10.3k |
| STIFEL FINANCIAL CORP 0.31% of their portfolio | 1.1m $344.2m | Added +4.6k |
| CIBC Private Wealth Group LLC 0.59% of their portfolio | 1.1m $342.8m | Reduced -12.6k |
| Swedbank AB 0.34% of their portfolio | 1.1m $332.3m | Added +3.1k |
| Bahl & Gaynor LLC 1.57% of their portfolio | 1.0m $316.4m | Reduced -36.6k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.24% of their portfolio | 1.0m $312.9m | Added +51.0k |
| DekaBank Deutsche Girozentrale 0.52% of their portfolio | 1.0m $309.7m | Unchanged |
| US BANCORP \DE\ 0.34% of their portfolio | 946.5k $287.6m | Reduced -19.8k |
| MILLENNIUM MANAGEMENT LLC 0.23% of their portfolio | 946.1k $287.5m | Added +529.0k |
| NATIXIS ADVISORS, LLC 0.40% of their portfolio | 913.2k $277.5m | Added +69.7k |
| CITIGROUP INC 0.19% of their portfolio | 892.6k $271.3m | Reduced -350.0k |
| Alyeska Investment Group, L.P. 0.82% of their portfolio | 885.6k $269.1m | Added +783.4k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.34% of their portfolio | 857.5k $260.6m | Reduced -72.0k |
| Corient Private Wealth LP 0.40% of their portfolio | 844.6k $254.7m | Reduced -62.0k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.43% of their portfolio | 841.1k $255.6m | Added +92.0k |
| MARSHALL WACE, LLP 0.28% of their portfolio | 827.5k $251.5m | New |
| NATIONAL BANK OF CANADA /FI/ 0.28% of their portfolio | 823.4k $250.2m | Reduced -30.4k |
| Mariner, LLC 0.32% of their portfolio | 820.7k $249.4m | Added +15.0k |
| PRINCIPAL FINANCIAL GROUP INC 0.12% of their portfolio | 797.5k $242.4m | Reduced -7.5k |
| MACKENZIE FINANCIAL CORP 0.29% of their portfolio | 793.3k $241.1m | Added +15.5k |
| ProShare Advisors LLC 0.50% of their portfolio | 787.6k $239.3m | Added +58.9k |
| B. Metzler seel. Sohn & Co. AG 2.04% of their portfolio | 760.8k $231.2m | Added +340.8k |
| REGIONS FINANCIAL CORP 0.75% of their portfolio | 759.5k $230.8m | Added +386.8k |
| BNP PARIBAS FINANCIAL MARKETS 0.17% of their portfolio | 715.9k $217.6m | Added +262.8k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.35% of their portfolio | 651.0k $197.8m | Reduced -43.6k |
| VICTORY CAPITAL MANAGEMENT INC 0.11% of their portfolio | 639.5k $194.3m | Added +1.4k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.30% of their portfolio | 616.4k $187.3m | Added +107.0k |
| Rockefeller Capital Management L.P. 0.36% of their portfolio | 608.1k $184.8m | Reduced -573.0k |
| BESSEMER GROUP INC 0.28% of their portfolio | 594.4k $180.6m | Added +90.6k |
| FIRST MANHATTAN CO. LLC. 0.46% of their portfolio | 577.2k $175.4m | Reduced -40.9k |
| PRUDENTIAL FINANCIAL INC 0.21% of their portfolio | 572.3k $173.9m | Added +92.5k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.16% of their portfolio | 571.4k $173.7m | Reduced -846.8k |
| AVIVA PLC 0.31% of their portfolio | 569.5k $173.1m | Added +34.1k |
| Baird Financial Group, Inc. 0.27% of their portfolio | 558.0k $169.6m | Added +19.3k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.33% of their portfolio | 557.7k $169.5m | Reduced -6.4k |
| FIFTH THIRD BANCORP 0.53% of their portfolio | 549.5k $167.0m | Added +739 |
| NORDEA INVESTMENT MANAGEMENT AB 0.14% of their portfolio | 541.1k $163.8m | Reduced -49.2k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.13% of their portfolio | 530.2k $161.1m | Reduced -40.6k |
| Aberdeen Group plc 0.25% of their portfolio | 528.9k $160.3m | Reduced -8.5k |
| Korea Investment CORP 0.33% of their portfolio | 527.9k $160.4m | Added +10.0k |
| UniSuper Management Pty Ltd 0.94% of their portfolio | 505.1k $153.5m | Added +8.8k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.20% of their portfolio | 503.6k $153.1m | Reduced -60.6k |
| JENSEN INVESTMENT MANAGEMENT INC 1.89% of their portfolio | 501.0k $152.2m | Added +2.0k |
| COMMERCE BANK 0.84% of their portfolio | 495.5k $150.6m | Reduced -747 |
| Ensign Peak Advisors, Inc 0.24% of their portfolio | 485.9k $147.7m | Added +53.7k |