JPMorgan Chase & Co. filed an amended ownership report on McDonald's Corporation common stock. As of 06/30/2026, JPMorgan Chase & Co. reported 30,960,253 shares beneficially owned, representing 4.3% of the outstanding common stock.
The filing states sole power to vote 28,346,385 shares and shared voting power over 252,769 shares. It also reports sole power to dispose of 30,743,138 shares and shared dispositive power over 212,760 shares. Multiple JPMorgan subsidiaries, including JPMorgan Chase Bank, National Association and several asset management entities, are identified as the relevant holding and investment management entities.
Positive
None.
Negative
None.
Key Figures
Beneficial ownership:30,960,253 sharesPercent of class:4.3%Sole voting power:28,346,385 shares+3 more
6 metrics
Beneficial ownership30,960,253 sharesMcDonald's common stock beneficially owned by JPMorgan Chase & Co. as of 06/30/2026
Percent of class4.3%Portion of McDonald's common stock class held by JPMorgan Chase & Co.
Sole voting power28,346,385 sharesShares of McDonald's over which JPMorgan has sole power to vote
Shared voting power252,769 sharesShares of McDonald's over which JPMorgan has shared power to vote
Sole dispositive power30,743,138 sharesShares of McDonald's over which JPMorgan has sole power to dispose
Shared dispositive power212,760 sharesShares of McDonald's over which JPMorgan has shared power to dispose
Key Terms
beneficially owned, sole power to vote, shared power to vote, sole power to dispose, +1 more
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
sole power to votefinancial
"Number of shares as to which the person has | (i) Sole power to vote or to direct the vote"
shared power to votefinancial
"(ii) Shared power to vote or to direct the vote: 252769"
sole power to disposefinancial
"(iii) Sole power to dispose or to direct the disposition of: 30743138"
shared power to disposefinancial
"(iv) Shared power to dispose or to direct the disposition of: 212760"
What stake in McDonald's (MCD) does JPMorgan Chase & Co. report in this Schedule 13G/A?
JPMorgan Chase & Co. reports 30,960,253 McDonald's shares beneficially owned, representing 4.3% of the company’s common stock as of June 30, 2026, based on Schedule 13G/A ownership disclosures.
How much voting power over McDonald's (MCD) shares does JPMorgan report?
JPMorgan reports sole voting power over 28,346,385 McDonald's shares and shared voting power over 252,769 shares, reflecting how many shares it can vote or direct the vote for under current arrangements.
What dispositive power over McDonald's (MCD) shares does JPMorgan have?
The filing shows sole dispositive power over 30,743,138 McDonald's shares and shared dispositive power over 212,760 shares, indicating the shares JPMorgan can dispose of or direct the disposition of.
Why is JPMorgan’s McDonald's (MCD) holding on a Schedule 13G/A labeled as 5 percent or less?
Item 5 notes ownership of 5 percent or less of a class. JPMorgan’s reported 4.3% stake falls below the 5% threshold that typically triggers more extensive Schedule 13D-style disclosure obligations.
Which JPMorgan subsidiaries are involved in holding McDonald's (MCD) shares?
The report lists entities including J.P. Morgan Trust Company of Delaware, JPMorgan Chase Bank, National Association, J.P. Morgan Investment Management Inc. and various JPMorgan Asset Management affiliates as relevant subsidiaries.
What is the class of McDonald's (MCD) securities covered and its CUSIP?
The filing covers McDonald's Corporation common stock, $0.01 par value, identified by CUSIP 580135101, which uniquely labels this class of McDonald's equity securities in the U.S. securities markets.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
McDonald's Corporation
(Name of Issuer)
Common Stock, $0.01 par value
(Title of Class of Securities)
580135101
(CUSIP Number)
06/30/2026
(Date of Event Which Requires Filing of this Statement)
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)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
580135101
1
Names of Reporting Persons
JPMORGAN CHASE & CO.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
28,346,385.00
6
Shared Voting Power
252,769.00
7
Sole Dispositive Power
30,743,138.00
8
Shared Dispositive Power
212,760.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
30,960,253.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.3 %
12
Type of Reporting Person (See Instructions)
HC
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
McDonald's Corporation
(b)
Address of issuer's principal executive offices:
110 North Carpenter Street Chicago IL 60607
Item 2.
(a)
Name of person filing:
JPMORGAN CHASE & CO.
(b)
Address or principal business office or, if none, residence:
270 Park Avenue,,New York, NY 10017
(c)
Citizenship:
DE
(d)
Title of class of securities:
Common Stock, $0.01 par value
(e)
CUSIP No.:
580135101
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
30960253
(b)
Percent of class:
4.3 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
28346385
(ii) Shared power to vote or to direct the vote:
252769
(iii) Sole power to dispose or to direct the disposition of:
30743138
(iv) Shared power to dispose or to direct the disposition of:
212760
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
J.P. Morgan Trust Company of Delaware;
J.P. Morgan Securities LLC;
JPMorgan Chase Bank, National Association;
JPMorgan Asset Management (Asia Pacific) Limited;
JPMorgan Asset Management (UK) Limited;
J.P. MORGAN SE;
J.P. Morgan (Suisse) SA;
JPMorgan Asset Management Holdings Inc.;
J.P. Morgan Investment Management Inc.;
J.P. Morgan Mansart Management Limited;
JPMorgan Asset Management (Taiwan) Limited;
J.P. Morgan Private Investments Inc.;
JPMorgan Asset Management (China) Company Limited;
J.P. Morgan Wealth Management Solutions Inc.;
55I, LLC
Item 8.
Identification and Classification of Members of the Group.
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5.
Not Applicable
Item 10.
Certifications:
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 and are not held 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.