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 ($1.2bn this quarter). Holder counts are more reliable. Shares outstanding: 710.5m as of 2026-03-31, 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 ≈ $308.93. Options: 53 managers hold calls ($2.0bn notional), 50 hold puts ($2.1bn).
Trends to Q1 2026
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 |
| Q4 2025 | 3,581 |
| Q1 2026 | 3,595 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q4 2025 | 1,496 | 1,533 |
| Q1 2026 | 1,613 | 1,571 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $2.7bn | $2.7bn | 0.99 |
| Q3 2025 | $2.8bn | $2.7bn | 0.98 |
| Q4 2025 | $2.4bn | $2.4bn | 1.03 |
| Q1 2026 | $2.0bn | $2.1bn | 1.04 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +5.9m |
| DIAMANT ASSET MANAGEMENT, INC. | Added | +2.6m |
| BlackRock, Inc. | Added | +1.8m |
| Capital International Investors | New | +1.6m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +1.0m |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +923.4k |
| BESSEMER GROUP INC | Added | +754.6k |
| UBS Group AG | Added | +716.1k |
| Capital Research Global Investors | Added | +672.0k |
| ALLIANCEBERNSTEIN L.P. | Added | +641.7k |
Biggest sellers
| J. Stern & Co. LLP | Reduced | -2.5m |
| D. E. Shaw & Co., Inc. | Reduced | -1.9m |
| Corient Private Wealth LP | Reduced | -1.7m |
| Capital World Investors | Sold out | -1.6m |
| HSBC HOLDINGS PLC | Reduced | -1.5m |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -1.2m |
| BARCLAYS PLC | Reduced | -970.8k |
| Holocene Advisors, LP | Reduced | -961.7k |
| TWO SIGMA INVESTMENTS, LP | Reduced | -569.4k |
| STATE STREET CORP | Reduced | -550.2k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $481.8m1.6m shares |
| CITADEL ADVISORS LLC | Added | $398.3m1.3m shares |
| IMC-Chicago, LLC | Added | $209.8m675.1k shares |
| JANE STREET GROUP, LLC | Reduced | $191.3m615.6k shares |
| BARCLAYS PLC | Added | $138.3m445.0k shares |
| UBS Group AG | Reduced | $77.6m249.8k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $67.9m218.5k shares |
| D. E. Shaw & Co., Inc. | Reduced | $53.5m172.3k shares |
| Walleye Trading LLC | Reduced | $43.9m141.3k shares |
| TORONTO DOMINION BANK | New | $37.3m120.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $417.8m1.3m shares |
| MILLENNIUM MANAGEMENT LLC | Added | $262.6m844.8k shares |
| CITADEL ADVISORS LLC | Reduced | $237.7m764.8k shares |
| JANE STREET GROUP, LLC | Added | $171.1m550.5k shares |
| IMC-Chicago, LLC | Added | $158.4m509.7k shares |
| CITIGROUP INC | Reduced | $143.0m460.0k shares |
| GOLDMAN SACHS GROUP INC | Added | $93.3m300.1k shares |
| BNP PARIBAS FINANCIAL MARKETS | Added | $74.7m2.4k shares |
| Balyasny Asset Management L.P. | Added | $58.3m187.6k shares |
| UBS Group AG | Added | $56.8m182.7k 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 Q1 2026
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 |
|---|---|---|---|---|---|
| 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 |
| Q4 2025 | 0 | — | 5 | $13.2m | $12.3m |
| Q1 2026 | 0 | — | 5 | $24.0m | $22.0m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-03-23 | Erlinger Joseph M. President, McDonald's USA | Sold plan | $104.4k333 shares |
| 2026-03-18 | Baroni Dario President, IDL | Sold plan | $194.3k600 shares |
| 2026-03-10 | Erlinger Joseph M. President, McDonald's USA | Sold plan | $862.2k2.6k shares |
| 2026-02-23 | Banner Jonathan EVP - Chief Impact Officer | Sold | $2.1m6.2k shares |
| 2026-02-23 | Erlinger Joseph M. President, McDonald's USA | Sold plan | $110.0k333 shares |
| 2026-02-13 | Kempczinski Christopher J Chairman and CEO, director | Sold plan | $8.8m26.3k shares |
| 2026-02-12 | Kempczinski Christopher J Chairman and CEO, director | Sold plan | $8.7m26.3k shares |
| 2026-02-12 | Flatley Edith Morgan EVP - Global CMO | Sold plan | $1.6m4.7k shares |
| 2026-02-10 | Erlinger Joseph M. President, McDonald's USA | Sold plan | $854.1k2.6k shares |
| 2026-01-12 | Erlinger Joseph M. President, McDonald's USA | Sold plan | $805.1k2.6k 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, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.30% of their portfolio | 55.4m $17.2bn | Added +1.8m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.36% of their portfolio | 46.2m $14.4bn | First filing |
| JPMORGAN CHASE & CO 0.79% of their portfolio | 37.7m $11.6bn | Added +5.9m |
| STATE STREET CORP 0.38% of their portfolio | 35.4m $11.0bn | Reduced -550.2k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.31% of their portfolio | 19.1m $5.9bn | First filing |
| GEODE CAPITAL MANAGEMENT, LLC 0.35% of their portfolio | 18.0m $5.6bn | Added +923.4k |
| MORGAN STANLEY 0.29% of their portfolio | 15.6m $4.9bn | Added +347.8k |
| BANK OF AMERICA CORP /DE/ 0.28% of their portfolio | 12.2m $3.8bn | Reduced -263.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.35% of their portfolio | 9.7m $3.0bn | Added +260.2k |
| NORTHERN TRUST CORP 0.34% of their portfolio | 8.2m $2.6bn | Reduced -34.3k |
| WELLS FARGO & COMPANY/MN 0.49% of their portfolio | 8.0m $2.5bn | Added +65.9k |
| Capital Research Global Investors 0.33% of their portfolio | 6.9m $2.1bn | Added +672.0k |
| ROYAL BANK OF CANADA 0.40% of their portfolio | 6.8m $2.1bn | Reduced -481.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.43% of their portfolio | 6.6m $2.0bn | Added +1.0m |
| UBS Group AG 0.31% of their portfolio | 5.7m $1.8bn | Added +716.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.27% of their portfolio | 5.6m $1.7bn | Added +126.0k |
| Bank of New York Mellon Corp 0.29% of their portfolio | 5.2m $1.6bn | Reduced -127.2k |
| GOLDMAN SACHS GROUP INC 0.21% of their portfolio | 5.1m $1.6bn | Added +294.0k |
| Legal & General Group Plc 0.34% of their portfolio | 4.7m $1.5bn | Added +66.0k |
| AMERIPRISE FINANCIAL INC 0.31% of their portfolio | 4.3m $1.3bn | Reduced -389 |
| Gallagher Fiduciary Advisors, LLC 52.19% of their portfolio | 4.3m $1.3bn | Reduced -100.2k |
| FRANKLIN RESOURCES INC 0.32% of their portfolio | 4.2m $1.3bn | Reduced -4.9k |
| Amundi 0.34% of their portfolio | 4.1m $1.3bn | Reduced -506.9k |
| VANGUARD FIDUCIARY TRUST CO 0.31% of their portfolio | 4.0m $1.2bn | First filing |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.61% of their portfolio | 3.6m $1.1bn | Added +533.4k |
| VIKING GLOBAL INVESTORS LP 3.15% of their portfolio | 3.6m $1.1bn | Added +5.8k |
| FMR LLC 0.06% of their portfolio | 3.6m $1.1bn | Added +49.5k |
| Invesco Ltd. 0.11% of their portfolio | 3.6m $1.1bn | Reduced -325.5k |
| WELLINGTON MANAGEMENT GROUP LLP 0.20% of their portfolio | 3.4m $1.1bn | Reduced -1.2m |
| Nuveen, LLC 0.28% of their portfolio | 3.4m $1.0bn | Added +82.1k |
| Fayez Sarofim & Co 2.15% of their portfolio | 2.7m $840.5m | Reduced -24.0k |
| PNC Financial Services Group, Inc. 0.47% of their portfolio | 2.6m $812.2m | Reduced -36.8k |
| DIAMANT ASSET MANAGEMENT, INC. 1.89% of their portfolio | 2.6m $2.6m | Added +2.6m |
| RAYMOND JAMES FINANCIAL INC 0.25% of their portfolio | 2.6m $800.9m | Added +154.4k |
| DEUTSCHE BANK AG\ 0.25% of their portfolio | 2.4m $760.7m | Added +91.0k |
| BARCLAYS PLC 0.25% of their portfolio | 2.3m $700.6m | Reduced -970.8k |
| Capital Wealth Planning, LLC 3.67% of their portfolio | 2.1m $665.5m | Added +265.4k |
| Swiss National Bank 0.37% of their portfolio | 2.1m $649.5m | Added +134.5k |
| California Public Employees Retirement System 0.39% of their portfolio | 2.0m $636.0m | Reduced -148.6k |
| ALLIANCEBERNSTEIN L.P. 0.19% of their portfolio | 1.9m $595.3m | Added +641.7k |
| NEUBERGER BERMAN GROUP LLC 0.46% of their portfolio | 1.9m $603.2m | Added +113.2k |
| DIMENSIONAL FUND ADVISORS LP 0.12% of their portfolio | 1.9m $593.4m | Added +62.6k |
| Sumitomo Mitsui Trust Group, Inc. 0.38% of their portfolio | 1.9m $590.9m | Reduced -81.5k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.36% of their portfolio | 1.7m $540.9m | Added +108.5k |
| National Pension Service 0.38% of their portfolio | 1.6m $502.0m | Added +57.9k |
| LPL Financial LLC 0.13% of their portfolio | 1.6m $501.1m | Added +38.4k |
| Capital International Investors 0.11% of their portfolio | 1.6m $485.8m | New |
| Vanguard Global Advisers, LLC 0.26% of their portfolio | 1.6m $484.9m | First filing |
| 1832 Asset Management L.P. 0.63% of their portfolio | 1.5m $478.1m | Added +72.2k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.38% of their portfolio | 1.4m $446.3m | First filing |
| BANK OF MONTREAL /CAN/ 0.18% of their portfolio | 1.4m $435.5m | Reduced -86.2k |
| TD Asset Management Inc 0.35% of their portfolio | 1.4m $430.7m | Reduced -9.1k |
| HSBC HOLDINGS PLC 0.26% of their portfolio | 1.4m $427.8m | Reduced -1.5m |
| HighTower Advisors, LLC 0.45% of their portfolio | 1.4m $427.3m | Added +21.6k |
| CIBC Bancorp USA Inc. 0.57% of their portfolio | 1.4m $421.3m | First filing |
| BESSEMER GROUP INC 0.65% of their portfolio | 1.3m $412.1m | Added +754.6k |
| ENVESTNET ASSET MANAGEMENT INC 0.11% of their portfolio | 1.3m $405.9m | Added +58.8k |
| RHUMBLINE ADVISERS 0.33% of their portfolio | 1.2m $384.5m | Reduced -32.3k |
| CANADA LIFE ASSURANCE Co 0.64% of their portfolio | 1.1m $354.5m | Added +30.7k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.23% of their portfolio | 1.1m $352.7m | Added +66.2k |
| STIFEL FINANCIAL CORP 0.32% of their portfolio | 1.1m $352.4m | Reduced -4.1k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.37% of their portfolio | 1.1m $346.9m | Reduced -29.6k |
| BANQUE PICTET & CIE SA 4.01% of their portfolio | 1.1m $345.8m | Reduced -339.0k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.28% of their portfolio | 1.1m $342.0m | Added +55.7k |
| BNP PARIBAS FINANCIAL MARKETS 0.22% of their portfolio | 1.1m $338.7m | Added +163.8k |
| Swedbank AB 0.35% of their portfolio | 1.1m $330.1m | Reduced -42.4k |
| NATIXIS ADVISORS, LLC 0.45% of their portfolio | 1.0m $325.2m | Added +97.7k |
| DekaBank Deutsche Girozentrale 0.53% of their portfolio | 1.0m $322.4m | Unchanged |
| CITIGROUP INC 0.20% of their portfolio | 1.0m $311.7m | Added +293.3k |
| MACKENZIE FINANCIAL CORP 0.37% of their portfolio | 992.1k $308.3m | Added +141.7k |
| SG Americas Securities, LLC 0.33% of their portfolio | 963.5k $299.5m | Added +392.9k |
| US BANCORP \DE\ 0.34% of their portfolio | 909.8k $282.7m | Reduced -12.2k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.48% of their portfolio | 895.8k $277.8m | Added +87.3k |
| Corient Private Wealth LP 0.38% of their portfolio | 858.0k $265.2m | Reduced -1.7m |
| JONES FINANCIAL COMPANIES LLLP 0.13% of their portfolio | 852.7k $260.9m | Added +596.8k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.37% of their portfolio | 842.7k $261.9m | Added +2.8k |
| Mariner, LLC 0.30% of their portfolio | 837.9k $260.4m | Reduced -8.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.14% of their portfolio | 825.0k $256.4m | Added +4.7k |
| FIFTH THIRD BANCORP 0.43% of their portfolio | 764.0k $237.4m | Added +214.4k |
| Connor, Clark & Lunn Investment Management Ltd. 0.55% of their portfolio | 763.1k $237.2m | Added +271.5k |
| Rockefeller Capital Management L.P. 0.42% of their portfolio | 760.7k $236.4m | Added +32.2k |
| ProShare Advisors LLC 0.35% of their portfolio | 758.5k $235.7m | Added +964 |
| B. Metzler seel. Sohn & Co. AG 2.19% of their portfolio | 757.5k $235.4m | Added +816 |
| Alyeska Investment Group, L.P. 0.66% of their portfolio | 755.8k $234.9m | Reduced -142.2k |
| LAZARD ASSET MANAGEMENT LLC 0.39% of their portfolio | 752.5k $233.9m | Added +24.1k |
| NATIONAL BANK OF CANADA /FI/ 0.23% of their portfolio | 723.2k $224.7m | Reduced -259.1k |
| Bahl & Gaynor LLC 1.12% of their portfolio | 713.8k $221.8m | Reduced -305.4k |
| JANUS HENDERSON GROUP PLC 0.10% of their portfolio | 701.2k $217.9m | Added +382.3k |
| AQR CAPITAL MANAGEMENT LLC 0.09% of their portfolio | 659.3k $203.3m | Added +170.9k |
| Focus Partners Wealth 0.22% of their portfolio | 635.1k $197.3m | Added +31.0k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.37% of their portfolio | 627.9k $195.2m | Reduced -7.2k |
| AVIVA PLC 0.32% of their portfolio | 619.2k $192.4m | Added +18.4k |
| VICTORY CAPITAL MANAGEMENT INC 0.12% of their portfolio | 608.4k $189.1m | Reduced -19.6k |
| Ensign Peak Advisors, Inc 0.35% of their portfolio | 602.1k $187.1m | Added +27.3k |
| Ilex Capital Partners (UK) LLP 4.61% of their portfolio | 601.5k $187.0m | Added +206.3k |
| Baird Financial Group, Inc. 0.29% of their portfolio | 598.1k $185.9m | Added +21.2k |
| Russell Investments Group, Ltd. 0.19% of their portfolio | 567.3k $176.0m | Added +65.4k |
| MARSHALL WACE, LLP 0.18% of their portfolio | 550.0k $170.9m | Reduced -166.0k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.35% of their portfolio | 548.6k $170.5m | Added +1.1k |
| RENAISSANCE TECHNOLOGIES LLC 0.26% of their portfolio | 542.8k $168.7m | Added +451.3k |