BlackRock, other major McDonald's shareholders side with company in fight with Icahn (2024)

BOSTON, May 25 (Reuters) - BlackRock (BLK.N) and other big McDonald's (MCD.N) shareholders are backing the company in a boardroom vote, putting the fast-food chain on course to defeat investor Carl Icahn in his campaign over animal welfare, sources said on Wednesday.

Icahn, a billionaire who owns roughly $50,000 worth of McDonald's stock, nominated two director candidates to push the company to make good on a decade-old promise to stop buying pork by the end of this year from suppliers that house the animals in crates. He has said confining the pigs in crates during their pregnancy is inhumane and sought to shine a spotlight on the practice more broadly.

Index fund BlackRock, whose 4.6% stake ranks it as McDonald's third-largest investor, has cast its votes for the company, two people familiar with the voting said.

Vanguard, which is McDonald's biggest shareholder, had also voted some of its shares for the company's directors, according to earlier vote tallies, another source said.

Investors have time to change their votes until the annual meeting scheduled for Thursday morning, but people familiar with the voting say it is very likely McDonald's will win.

A representative for McDonald's declined to comment and a representative for Icahn did not immediately respond to a request for comment.

The final vote would end, for now, a battle between one of America's most successful activist investors and one of the world's most iconic brands over how McDonald's sources its pork.

McDonald's says it has worked to change its pork sourcing and that it cares about the health and welfare of the animals in its supply chain but called Icahn's demands "completely unfeasible."

BlackRock's vote is a blow for Icahn who had sought to appeal to the big index funds, including Vanguard and State Street, as they often pledge to pay particular attention to environmental, social and governance issues. He expressed concern they are not prioritizing animal welfare.

Proxy advisory firms Institutional Shareholder Services and Glass Lewis recommended that shareholders back the company's directors, arguing that Icahn had failed to make a compelling case for change and that his nominees lacked the necessary qualifications to serve on McDonald's board.

But both firms, whose recommendations are widely followed by investors, said Icahn had raised awareness for animal rights.

Reporting by Svea Herbst-Bayliss, Editing by Richard Pullin

Our Standards: The Thomson Reuters Trust Principles.

BlackRock, other major McDonald's shareholders side with company in fight with Icahn (2024)

FAQs

BlackRock, other major McDonald's shareholders side with company in fight with Icahn? ›

BOSTON, May 25 (Reuters) - BlackRock (BLK. N) and other big McDonald's (MCD. N) shareholders are backing the company in a boardroom vote, putting the fast-food chain on course to defeat investor Carl Icahn in his campaign over animal welfare, sources said on Wednesday.

Who is the majority shareholder of Black Rock? ›

Looking at our data, we can see that the largest shareholder is The Vanguard Group, Inc.

Who are the major shareholders of Mcdonalds? ›

The company's largest shareholder is The Vanguard Group, Inc., with ownership of 9.3%. Meanwhile, the second and third largest shareholders, hold 7.1% and 4.7%, of the shares outstanding, respectively.

Does BlackRock own McDonald's? ›

Conclusion. McDonald's is a publicly-traded company, with a considerable percentage of its shareholders being institutional. The top 5 institutions with the most significant stake in McDonald's include The Vanguard Group Inc, SSgA Funds Management Inc, BlackRock Fund Advisors, Wellington Management Co.

How much McDonald's stock does Carl Icahn own? ›

Icahn only owns about 200 McDonald's shares, a tiny stake that didn't give him much influence over votes.

Who are the 7 owners of BlackRock? ›

BlackRock was founded in 1988 by Larry Fink, Robert S. Kapito, Susan Wagner, Barbara Novick, Ben Golub, Hugh Frater, Ralph Schlosstein, and Keith Anderson to provide institutional clients with asset management services from a risk management perspective.

Who are the real owners of BlackRock? ›

Reflects change since 5 pm ET of prior trading day. Larry Fink is the founder, CEO and chairman of powerhouse investment management firm BlackRock, one of the world's largest asset managers. He and seven partners founded BlackRock in 1988.

How much of McDonald's does BlackRock own? ›

BlackRock Inc. ownership in MCD / McDonald`s Corp
SecurityMCD / McDonald`s Corp
InstitutionBlackRock Inc.
Latest Disclosed Ownership51,567,805 shares
Ownership7.00%

Does BlackRock own Tyson Foods? ›

Tyson Foods is not owned by hedge funds. Looking at our data, we can see that the largest shareholder is Tyson Limited Partnership with 20% of shares outstanding. The Vanguard Group, Inc. is the second largest shareholder owning 11% of common stock, and BlackRock, Inc. holds about 7.1% of the company stock.

Does BlackRock own Starbucks? ›

BlackRock, Inc., holds 6.62% of Starbucks shares, worth about $7.76 billion. BlackRock, Inc., is a multinational investment company in New York City. It is the largest asset manager in the world, with about $10 trillion worth of assets as of January 2022.

Does Bill Gates own shares in McDonald's? ›

Bill Gates added to his holdings in McDonald's Corporation by 10.13%. His purchase prices were between $93.27 and $98.92, with an estimated average price of $96.07. The impact to his portfolio due to this purchase was 0.49%.

Did the founders of McDonald's get royalties? ›

Back home at the original outpost, Dick and Mac were collecting sweet, passive income for their idea: of the 1.9% royalty collected from franchisees, they received .

What was McDonald's highest stock price? ›

The McDonald's 52-week high stock price is 298.86, which is 2.1% above the current share price. The McDonald's 52-week low stock price is 230.58, which is 21.2% below the current share price. The average McDonald's stock price for the last 52 weeks is 267.60.

Who are the top 3 institutional investors McDonald's? ›

Top 10 Owners of McDonald's Corp
StockholderStakeShares owned
The Vanguard Group, Inc.8.89%65,019,058
BlackRock Fund Advisors4.79%35,035,387
SSgA Funds Management, Inc.4.59%33,592,272
Wellington Management Co. LLP2.11%15,451,310
6 more rows

Are all McDonald's owned by the same company? ›

Approximately 93% Of McDonald's restaurants worldwide are owned and operated by independent local business owners. The status of franchising in the markets where we currently do business is described on the specific pages identified by market below.

Why would people wish to buy McDonald's stock? ›

Why would people wish to buy McDonald's stock? (They hope to share in the profits and increase their wealth.)

Does BlackRock own Pfizer? ›

The three largest shareholders of Pfizer, J&J and Merck are Vanguard, SSGA and BlackRock, the multi-trillion dollar funds which make investments on behalf of their clients and keep a cut for their service.

Does China own BlackRock? ›

Learn more about the subscription offers. Already a subscriber? New York-based BlackRock is the first foreign-owned company allowed by Beijing to operate a wholly-owned business in China's burgeoning mutual fund industry.

Who are the top 10 shareholders of BlackRock? ›

Top 10 Owners of BlackRock Inc
StockholderStakeShares owned
The Vanguard Group, Inc.8.42%12,610,031
BlackRock Fund Advisors4.77%7,144,115
SSgA Funds Management, Inc.4.02%6,013,881
Temasek Holdings Pte Ltd. (Invest...3.40%5,092,825
6 more rows

What religion is the owner of BlackRock? ›

Fink was born on November 2, 1952. He grew up one of three children in a Jewish family in Van Nuys, California, where his mother Lila (1930-2012) was an English professor and his father Frederick (1925-2013) owned a shoe store.

What companies are majority owned by BlackRock? ›

BlackRock, Vanguard & State street owns the majority of stocks in Alphabet, Apple, Microsoft, IBM, Facebook, AT&T and many, than other institutional investors. Which makes them first mover advantage. BlackRock has invested $170 billion in U.S. public energy companies (2021) and $85bn investment only in coal companies.

What businesses are owned by BlackRock? ›

Top 50 BlackRock Holdings
StockCompany Name% of Portfolio
AAPLApple Inc5.06%
MSFTMicrosoft Corp4.59%
AMZNAmazon Com Inc1.86%
NVDANvidia Corporation1.51%
49 more rows

What food companies are involved in BlackRock? ›

Among the companies subject to the evaluation by BlackRock are a slew of restaurant operations, including The Cheesecake Factory, Wingstop, Texas Roadhouse and Applebee's and IHOP parent Dine Brands.

Who owns more land McDonald's? ›

Over nearly 70 years, McDonald's currently sits at just over 39,000 locations as of January 2022. Those locations each come with approximately 1.2 acres. The research suggests that McDonald's owns about 70% of the buildings and 45% of the land at its locations worldwide.

How much of Pepsi does BlackRock own? ›

Fintel reports that BlackRock has filed a 13G/A form with the SEC disclosing ownership of 110.13MM shares of PepsiCo, Inc. (PEP).

What products does BlackRock own? ›

  • BlackRock Global Multi-Asset Income Fund.
  • BlackRock Global Allocation Fund.
  • BlackRock Advantage Range.
  • iShares Core.
  • iShares Model Portfolios.
  • iShares Smart Beta.

Who actually owns Tyson Foods? ›

The Tyson family is sure to feel the hit to the company's share price, as they own more than 70% of Tyson stock through the Tyson Limited Partnership.

What companies use Tyson meat? ›

It supplies Yum! Brands chains that use chicken, including KFC and Taco Bell, as well as McDonald's, Burger King, Wendy's, Wal-Mart, Kroger, IGA, Beef O'Brady's, small restaurant businesses, and prisons.

Is Coca Cola owned by BlackRock? ›

The No. 1 shareholder of Coca-Cola is Berkshire Hathaway Inc. These four — Vanguard, Blackrock, State Street and Berkshire Hathaway — are the four largest investment firms on the planet.

Does BlackRock own Chipotle? ›

BlackRock Inc. now owns 1,966,428 shares of the restaurant operator's stock worth $2,955,068,000 after purchasing an additional 23,107 shares during the period. State Street Corp lifted its position in shares of Chipotle Mexican Grill by 0.5% in the 3rd quarter.

How many companies are owned by BlackRock? ›

Blackrock is an investment fund managing more than $3.37 quadrillion ran by /s/ Fleming. There are currently 4780 companies in Fleming's portfolio. The largest investments include Apple Inc and Microsoft, together worth $326 trillion.

Does Bill Gates own Coca Cola shares? ›

2023-02-10 - Bill & Melinda Gates Foundation Trust has filed an SC 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 6,228,804 shares of Coca-Cola Femsa S.A.B. DE C.V. - ADR (US:KOF). This represents 11.9 percent ownership of the company.

What percentage of Apple is owned by Bill Gates? ›

The Trust owns around 35 million shares in Berkshire Hathaway — or 2.69% of the total company. If 2.69% of the nearly $144 billion in Apple shares owned by Berkshire Hathaway are owned by the Gates Trust, the pair still owns $3.87 billion of Apple stock.

Does Bill Gates own Procter and Gamble? ›

Bill Gates Procter & Gamble Co.

Bill Gates started to build up the position in Procter & Gamble in Q3 2012 and continued to invest until Q4 2012. Since then they sold 1.5 Million shares. The investor sold all their shares in Q4 2013 and doesn't own any shares in Procter & Gamble anymore.

How much does one McDonald's owner make a year? ›

The average McDonald's restaurant franchise owner in an existing restaurant makes $150,000/year. However, this figure can vary depending on several factors, such as the location of the restaurant and the owner's level of experience.

What happened to the original owners of McDonald's? ›

Death and legacy. Maurice McDonald died from heart failure at his home in Palm Springs, California, on December 11, 1971, at the age of 69. Richard McDonald also died from heart failure in a nursing home in Manchester, New Hampshire, on July 14, 1998, at the age of 89.

How much does the CEO of McDonald's make every year? ›

The salary of the CEO of McDonald's is around $20 million per year. Chris Kempczinski is the current CEO. His salary doubled from $10 million to $20 million between 2020 and 2021.

What was the most expensive stock ever? ›

Berkshire Hathaway (BRK. A) - Get Report is the most expensive stock of all time in terms of its price per share.

What is the highest any stock price ever? ›

Berkshire Hathaway holds the title for having the highest stock price—$445,000.

What's the highest price a stock has ever been? ›

Top Companies by Stock Price

The most expensive publicly traded share of all time is Warren Buffett's Berkshire Hathaway (BRK. A), which was trading at $458,675 per share, as of January 2022.

Does Bill Gates invest in BlackRock? ›

Investors include Bill Gates' Breakthrough Energy Ventures, Blackrock and Duke Energy.

What are black rocks largest holdings? ›

BlackRock's top three holdings are Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), and Amazon (NASDAQ:AMZN). BLK owns $141 billion of AAPL stock, $120.8 billion of MSFT, and $65.8 billion of AMZN.

Is BlackRock owned by Rockefellers? ›

BlackRock, Inc. is owned by Rockefeller Capital Management L.P. for $76.56 million (NYSE:BLK)

Does BlackRock own Walmart? ›

BlackRock, Inc., holds 3.60% of Walmart shares, worth about $13.6 billion. BlackRock, Inc., is a multinational investment company in New York City. It is the largest asset manager in the world, with about $10 trillion worth of assets as of January 2022.

Does BlackRock own Tesla? ›

BlackRock Fund Advisors is the third-largest institutional shareholder of Tesla, with a 3.61% stake in the company and 113 million shares. BlackRock holds an estimated $19.7 billion worth of Tesla stock and controls 113 million shareholder votes at this time.

Does BlackRock own Disney? ›

We note that hedge funds don't have a meaningful investment in Walt Disney. Looking at our data, we can see that the largest shareholder is The Vanguard Group, Inc. with 8.0% of shares outstanding. BlackRock, Inc. is the second largest shareholder owning 6.6% of common stock, and State Street Global Advisors, Inc.

How many homes does BlackRock own? ›

BLACKROCK AND SINGLE-FAMILY HOMES

Invitation Homes, for example, has approximately 80,000 homes for lease across the country and is the largest landlord for single-family homes in the United States (here) (here).

How much of Apple is owned by BlackRock? ›

Apple's Largest Shareholders (Dec 2022)
ShareholderOwnership
BlackRock6.5%
Berkshire Hathaway5.8%
Other79.7%
3 more rows
Feb 28, 2023

Is BlackRock a major shareholder of Microsoft? ›

The top shareholders of Microsoft are Satya Nadella, Bradford L. Smith, Jean-Philippe Courtois, Vanguard Group Inc., BlackRock Inc. (BLK), and State Street Corp. Below is a look in more detail at Microsoft's six biggest shareholders.

Does BlackRock own FedEx? ›

BlackRock Inc. increased its holdings in FedEx by 2.9%. The company now possesses 16,818,843 shares of the shipping service provider's stock, which are valued at $2,497,094,000.

What is the world's most powerful company BlackRock? ›

BlackRock and Vanguard are the world's largest asset managers with a combined R309 trillion in assets under management (AUM), and they own stakes in most of the world's biggest businesses. To put their AUM in perspective, it is 40 times larger than South Africa's gross domestic product (GDP).

How many companies does BlackRock control? ›

Blackrock is an investment fund managing more than $3.37 quadrillion ran by /s/ Fleming. There are currently 4780 companies in Fleming's portfolio. The largest investments include Apple Inc and Microsoft, together worth $326 trillion.

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