MCD
LONGINSIDER SELLCONGRESS BUYCONGRESS SELLMCDONALDS CORP
Research: Finviz ↗·Perplexity ↗
🗄 Viewing archived Q1 2026 data — frozen, no longer refreshed.
News Summary
NegativeMcDonald's delivered mixed results with Q1 earnings beats but Q2 revealed troubling U.S. execution issues, with same-store sales of just 0.8% and CEO acknowledging operational failures. Management transitions, guidance delays to 50K restaurants (end-2028 vs end-2027), and analyst price target cuts (~4.6%) signal investor concern despite loyalty program strength and overall profitability.
Red flags
- •U.S. comparable sales deteriorated to 0.8% in Q2 2026 with negative comps reported in July, well below company expectations
- •CEO acknowledged execution failures: 'We simply didn't execute at the level we needed to in the second quarter'
- •New McValue platform and World Cup promotions significantly underperformed
- •50,000 restaurant target delayed by ~12 months (end-2028 vs prior end-2027 guidance) due to consumer environment and cost inflation
- •Joseph Erlinger, President of McDonald's USA for 6+ years, stepped down amid operational underperformance
- •Analyst price targets cut by ~4.6% over 3 months; Evercore ISI and JPMorgan both reduced targets
- •SG&A expenses surged 17% year-over-year, limiting operating leverage despite revenue growth
- •Foreign exchange tailwind guidance reduced from $0.20-$0.30 to $0.15 per share
Funds Buying (3)
| Fund | Manager | Shares Held | ∆ Shares | Position Value | % of Fund | QoQ | Status |
|---|---|---|---|---|---|---|---|
| Viking Global | Andreas Halvorsen | 3.6M | +6K | $1.1B | 3.2% | +0% | Existing |
| Maverick Capital | Lee Ainslie | 294K | +282K | $91M | 1.1% | >+999% | Existing |
| Soros Fund Management | Soros Family Office | 124K | +124K | $38M | 0.5% | — | NEW |
Shares Held and Position Value reflect total quarter-end holdings. ∆ Shares is the change from the prior quarter. % of Fund is the position's share of the fund's reported equity portfolio — it drives the size weighting in the conviction score.
Portfolio Context
Where MCD ranks in each buying fund's book, and the positions immediately around it. What a holding sits next to often says more about the thesis than the position size does.
position #7 of this fund's book
- 4DISNEY WALT CO$1,282M
- 5FORTIVE CORP$1,243M
- 6AIR PRODUCTS AND CHEMICALS I$1,192M
- 7MCDONALDS CORP$1,127M
- 8SHERWIN WILLIAMS CO$998M
- 9TESLA INC$927M
- 10APPLE INC$912M
position #33 of this fund's book
- 30ASTERA LABS INC$105M
- 31COCA COLA CO$98M
- 32PHILIP MORRIS INTL INC$94M
- 33MCDONALDS CORP$91M
- 34MOLINA HEALTHCARE INC$86M
- 35VAXCYTE INC$80M
- 36NOVO-NORDISK A S$76M
Values are quarter-end position sizes. Shown only for funds where MCD ranks inside their 40 largest equity positions — below that, neighbouring names carry no signal. Adjacency is an inference about a fund's reasoning, not a disclosure of it.
Insider Activity
| Name | Title | Type | Shares | Price | Value | Filed | Src |
|---|---|---|---|---|---|---|---|
| Erlinger Joseph M. | President, McDonald's USA | SELL | 5K | $284.32 | $1.49M | 2026-06-10 | ↗ |
| Ralls-Morrison Desiree | EVP, Chief Legal Officer | SELL | 3K | $278.36 | $0.77M | 2026-05-28 | ↗ |
| Erlinger Joseph M. | President, McDonald's USA | SELL | 333 | $280.11 | $0.09M | 2026-05-26 | ↗ |
| Erlinger Joseph M. | President, McDonald's USA | SELL | 333 | $302.72 | $0.10M | 2026-04-23 | ↗ |
| Erlinger Joseph M. | President, McDonald's USA | SELL | 3K | $307.00 | $0.81M | 2026-04-10 | ↗ |
Beneficial Ownership (13D/13G)
| Filer | Form | Shares | % of Class | Filed | Src |
|---|---|---|---|---|---|
| STATE STREET CORPORATION | SC 13G | 36.0M | 5.1% | 2026-02-09 | ↗ |
SC 13D = active intent to influence control (10-day filing deadline after crossing 5%). SC 13G = passive accumulation, no intent to influence control.
Congressional Trading
| Member | Chamber | State | Type | Amount Range | Transaction Date | Filed | Src |
|---|---|---|---|---|---|---|---|
| Alan Armstrong | senate | — | BUY | $1,001 - $15,000 | 2026-03-27 | 2026-07-21 | ↗ |
| Thomas H Tuberville | senate | — | SELL | $15,001 - $50,000 | 2024-10-29 | 2026-08-05 | ↗ |
| Thomas H Tuberville | senate | — | SELL | $15,001 - $50,000 | 2024-10-29 | 2026-08-05 | ↗ |
Periodic Transaction Reports filed under the STOCK Act. Amounts are disclosed as ranges, not exact dollar figures.