Vanguard Amends McDonald's Stake: 935,150 Shares Shared Voting Power

TL;DR

**Vanguard still holds a big chunk of McDonald's, showing continued institutional confidence.**

AI Summary

The Vanguard Group, a major investment firm, filed an amendment to its SC 13G filing for McDonald's Corp. on February 13, 2024, indicating its ownership of McDonald's common stock as of December 29, 2023. Vanguard reported having shared voting power over 935,150 shares and no sole voting power. This filing is an update to their previous disclosures, showing their continued significant, but passive, stake in the fast-food giant. This matters to investors as it confirms a large institutional holder's continued confidence in McDonald's, even if their overall percentage of ownership might have slightly changed.

Why It Matters

This filing confirms Vanguard's continued substantial, albeit passive, investment in McDonald's, signaling institutional confidence in the company's long-term prospects. For investors, it indicates that a major player still sees value in holding McDonald's stock.

Risk Assessment

Risk Level: low — This filing is routine and indicates a passive investment by a large institutional holder, posing minimal risk to current or prospective shareholders.

Analyst Insight

A smart investor would view this as a routine update from a large institutional investor, confirming continued confidence in McDonald's without indicating any new strategic moves. It reinforces McDonald's as a stable, widely held stock.

Key Numbers

• 935,150 — Shared Voting Power Shares (The number of McDonald's common stock shares over which The Vanguard Group has shared voting power as of December 29, 2023.)
• 0 — Sole Voting Power Shares (The number of McDonald's common stock shares over which The Vanguard Group has sole voting power as of December 29, 2023.)
• 11 — Amendment Number (This is the 11th amendment to the Schedule 13G filing for McDonald's Corp. by The Vanguard Group.)

Key Players & Entities

• The Vanguard Group (company) — the reporting person and institutional investor
• McDonald's Corp (company) — the subject company whose securities are being reported
• Pennsylvania (company) — place of organization for The Vanguard Group
• December 29, 2023 (date) — date of event which requires filing of this statement
• February 13, 2024 (date) — date the filing was made

Forward-Looking Statements

• Vanguard will maintain a significant, passive stake in McDonald's throughout 2024. (The Vanguard Group) — high confidence, target: December 31, 2024
• McDonald's stock will continue to be a staple in large institutional portfolios due to its stability. (McDonald's Corp) — medium confidence, target: December 31, 2024

FAQ

Filing Documents

• tv01429-mcdonaldscorp.htm (SC 13G/A) — 11KB
• 0001104659-24-021440.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: McDonald's Corp

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 110 North Carpenter Street Chicago, IL 60607

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 580135101

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR