McDonald’s Corporation $MCD Shares Acquired by TD Private Client Wealth LLC

TD Private Client Wealth LLC increased its stake in shares of McDonald’s Corporation (NYSE:MCD) by 12.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,362 shares of the fast-food giant’s stock after purchasing an additional 1,484 shares during the period. TD Private Client Wealth LLC’s holdings in McDonald’s were worth $3,904,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of MCD. Brighton Jones LLC boosted its stake in shares of McDonald’s by 21.6% during the 4th quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant’s stock worth $2,692,000 after purchasing an additional 1,649 shares during the last quarter. Revolve Wealth Partners LLC lifted its stake in shares of McDonald’s by 2.8% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant’s stock valued at $563,000 after buying an additional 52 shares during the period. Copia Wealth Management acquired a new stake in McDonald’s during the fourth quarter worth approximately $31,000. Mattson Financial Services LLC boosted its position in McDonald’s by 4.6% during the fourth quarter. Mattson Financial Services LLC now owns 11,168 shares of the fast-food giant’s stock worth $3,401,000 after acquiring an additional 487 shares during the last quarter. Finally, Capstone Triton Financial Group LLC grew its stake in McDonald’s by 2.8% in the 4th quarter. Capstone Triton Financial Group LLC now owns 4,416 shares of the fast-food giant’s stock worth $1,280,000 after acquiring an additional 120 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analysts Set New Price Targets

MCD has been the topic of a number of recent analyst reports. Loop Capital lowered McDonald’s from a “buy” rating to a “hold” rating and reduced their price target for the stock from $346.00 to $315.00 in a research note on Friday, June 6th. Guggenheim reissued a “neutral” rating on shares of McDonald’s in a research note on Friday, August 8th. Morgan Stanley lifted their price target on McDonald’s from $324.00 to $326.00 and gave the company an “equal weight” rating in a report on Monday, July 14th. Citigroup increased their price objective on shares of McDonald’s from $373.00 to $381.00 and gave the stock a “buy” rating in a report on Wednesday, September 17th. Finally, Bank of America lowered their target price on shares of McDonald’s from $327.00 to $322.00 and set a “neutral” rating for the company in a report on Friday, July 18th. Eleven analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, McDonald’s currently has an average rating of “Hold” and an average price target of $325.86.

Insider Buying and Selling

In other news, CMO Edith Morgan Flatley sold 1,000 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total value of $315,000.00. Following the completion of the sale, the chief marketing officer owned 6,858 shares in the company, valued at approximately $2,160,270. This trade represents a 12.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 939 shares of the business’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total value of $281,221.11. Following the transaction, the insider directly owned 9,283 shares in the company, valued at $2,780,165.67. This trade represents a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,402 shares of company stock worth $2,273,407 over the last three months. 0.25% of the stock is currently owned by corporate insiders.

McDonald’s Stock Performance

MCD opened at $304.34 on Thursday. McDonald’s Corporation has a 1 year low of $276.53 and a 1 year high of $326.32. The firm has a 50 day moving average price of $306.27 and a 200 day moving average price of $306.25. The company has a market cap of $217.18 billion, a PE ratio of 26.08, a price-to-earnings-growth ratio of 3.09 and a beta of 0.50.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.04. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The company had revenue of $6.84 billion during the quarter, compared to the consensus estimate of $6.68 billion. During the same period in the previous year, the firm earned $2.97 earnings per share. McDonald’s’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, sell-side analysts predict that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were paid a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Tuesday, September 2nd. McDonald’s’s payout ratio is currently 60.67%.

McDonald’s Company Profile

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.