FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Sempels Jo		 2. Date of Event Requiring Statement (MM/DD/YYYY)
9/1/2022 

 3. Issuer Name and Ticker or Trading Symbol

MCDONALDS CORP [MCD]
(Last)        (First)        (Middle)

MCDONALD'S CORPORATION, 110 NORTH CARPENTER STREET		 4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                          _____ 10% Owner
___X___ Officer (give title below)        _____ Other (specify below)
President, IDL /
(Street)

CHICAGO, IL 60607      

(City)              (State)              (Zip)
5. If Amendment, Date Original Filed(MM/DD/YYYY)
 

6. Individual or Joint/Group Filing(Check Applicable Line)

_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		2. Amount of Securities Beneficially Owned
(Instr. 4)		3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		4. Nature of Indirect Beneficial Ownership
(Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4)		2. Date Exercisable and Expiration Date
(MM/DD/YYYY)		3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		4. Conversion or Exercise Price of Derivative Security5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date ExercisableExpiration DateTitleAmount or Number of Shares
Options (Right to Buy)  (1)2/11/2026 Common Stock 6425 $116.73 D  
Options (Right to Buy)  (1)3/8/2027 Common Stock 8259 $128.09 D  
Options (Right to Buy)  (1)2/19/2028 Common Stock 5988 $157.79 D  
Options (Right to Buy)  (1)2/13/2029 Common Stock 5665 $174.15 D  
Options (Right to Buy)  (1)2/18/2030 Common Stock 7654 $216.15 D  
Options (Right to Buy)  (1)2/14/2032 Common Stock 6114 $253.39 D  
Restricted Stock Units 2/18/2023 (2)2/18/2023 Common Stock 975 (3) (4)D  
Restricted Stock Units 2/16/2024 2/16/2024 Common Stock 1163  (4)D  
Restricted Stock Units 2/16/2024 (5)2/16/2024 Common Stock 1152 (3) (4)D  
Restricted Stock Units 2/14/2025 (6)2/14/2025 Common Stock 948 (3) (4)D  
Explanation of Responses:
(1) Options become exercisable in 25% increments on the first, second, third and fourth anniversary dates of the grant.
(2) Subject to performance-based vesting conditions linked to diluted earnings per share ("EPS") growth and return on incremental invested capital ("ROIIC") for the period of January 1, 2020 through December 31, 2022 (the "2020-2022 Performance Period"). If McDonald's Corporation satisfies both the EPS and ROIIC thresholds, then the number of restricted stock units ("RSUs") that vest may be increased or decreased based upon the McDonald's Corporation total shareholder return relative to the S&P 500 Index over the 2020-2022 Performance Period.
(3) Represents the target number of RSUs granted. The number of RSUs earned will range from 50% to 150% or the target number of RSUs granted based upon the performance results.
(4) Each RSU represents a right to acquire one share of McDonald's Corporation common stock.
(5) Subject to performance-based vesting conditions linked to diluted EPS growth and return on invested capital ("ROIC") for the period of January 1, 2021 through December 31, 2023 (the "2021-2023 Performance Period"). If McDonald's Corporation satisfies both the EPS and ROIC thresholds, then the number of RSUs that vest may be increased or decreased based upon the McDonald's Corporation total shareholder return relative to the S&P 500 Index over the 2021-2023 Performance Period.
(6) Subject to performance-based vesting conditions linked to diluted EPS growth and ROIC for the period of January 1, 2022 through December 31, 2024 (the "2022-2024 Performance Period"). If McDonald's Corporation satisfies both the EPS and ROIC thresholds, then the number of RSUs that vest may be increased or decreased based upon the McDonald's Corporation total shareholder return relative to the S&P 500 Index over the 2022-2024 Performance Period.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Sempels Jo
MCDONALD'S CORPORATION
110 NORTH CARPENTER STREET
CHICAGO, IL 60607

President, IDL
Signatures
/s/ Christopher Weber, Attorney-in-fact9/8/2022
**Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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