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

Ticker: MCD · Form: SC 13G/A · Filed: 2024-02-13T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, amendment, passive-investment

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

What type of filing is this and who filed it?

This is an SC 13G/A (Amendment No. 11) filing, which is an amendment to a Schedule 13G. It was filed by The Vanguard Group, an investment company based in Pennsylvania, regarding its holdings in McDonald's Corp.

What is the 'Date of Event Which Requires Filing of this Statement'?

The 'Date of Event Which Requires Filing of this Statement' is December 29, 2023, as stated in the filing.

How many shares of McDonald's common stock does Vanguard have sole voting power over?

According to the filing, The Vanguard Group has sole voting power over 0 shares of McDonald's Corp. Common Stock as of December 29, 2023.

How many shares of McDonald's common stock does Vanguard have shared voting power over?

The Vanguard Group has shared voting power over 935,150 shares of McDonald's Corp. Common Stock as of December 29, 2023.

Under which rule was this Schedule 13G filed?

This Schedule 13G was filed under Rule 13d-1(b), as indicated by the checked box in the filing.

From the Filing

0001104659-24-021440.txt : 20240213 0001104659-24-021440.hdr.sgml : 20240213 20240213170938 ACCESSION NUMBER: 0001104659-24-021440 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240213 DATE AS OF CHANGE: 20240213 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MCDONALDS CORP CENTRAL INDEX KEY: 0000063908 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-EATING PLACES [5812] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 362361282 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-12299 FILM NUMBER: 24628965 BUSINESS ADDRESS: STREET 1: 110 NORTH CARPENTER STREET CITY: CHICAGO STATE: IL ZIP: 60607 BUSINESS PHONE: 630 623 3000 MAIL ADDRESS: STREET 1: 110 NORTH CARPENTER STREET CITY: CHICAGO STATE: IL ZIP: 60607 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: VANGUARD GROUP INC CENTRAL INDEX KEY: 0000102909 ORGANIZATION NAME: IRS NUMBER: 231945930 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 BUSINESS PHONE: 6106691000 MAIL ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 SC 13G/A 1 tv01429-mcdonaldscorp.htm SCHEDULE 13G/A mcdonaldscorp SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 11)* Name of issuer:  McDonald's Corp Title of Class of Securities:  Common Stock CUSIP Number:  580135101 Date of Event Which Requires Filing of this Statement: December 29, 2023 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☒ Rule 13d-1(b) ☐ Rule 13d-1(c) ☐ Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). (Continued on the following page(s))     13G CUSIP No.:  580135101 1.  NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Vanguard Group - 23-1945930 2.  CHECK THE APPROPRIATE [LINE] IF A MEMBER OF A GROUP A.  B.  X 3.  SEC USE ONLY 4.  CITIZENSHIP OF PLACE OF ORGANIZATION Pennsylvania (For questions 5-8, report the number of shares beneficially owned by each reporting person with:) 5.  SOLE VOTING POWER 0 6.  SHARED VOTING POWER 935,150 7.  SOLE DISPOSITIVE POWER 65,827,581 8.  SHARED DISPOSITIVE POWER 3,216,301 9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 69,043,882 10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES N/A 11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 9.52% 12.  TYPE OF REPORTING PERSON IA     SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Act of 1934 Item 1(a) - Name of Issuer: McDonald's Corp Item 1(b) - Address of Issuer's Principal Executive Offices: 110 North Carpenter Street Chicago, IL 60607 Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930 Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355 Item 2(c) – Citizenship: Pennsylvania Item 2(d) - Title of Class of Securities: Common Stock Item 2(e) - CUSIP Number 580135101 Item 3 - Type of Filing: This statement i