TD Waterhouse Canada Inc. Grows Stock Holdings in McDonald’s Corporation $MCD

TD Waterhouse Canada Inc. grew its position in McDonald’s Corporation (NYSE:MCD) by 0.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 316,117 shares of the fast-food giant’s stock after buying an additional 1,903 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in McDonald’s were worth $94,041,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of MCD. Decker Retirement Planning Inc. increased its stake in McDonald’s by 142.9% during the second quarter. Decker Retirement Planning Inc. now owns 85 shares of the fast-food giant’s stock worth $25,000 after purchasing an additional 50 shares during the period. Legacy Investment Solutions LLC acquired a new position in shares of McDonald’s in the second quarter valued at approximately $25,000. HFM Investment Advisors LLC purchased a new stake in McDonald’s during the 1st quarter worth approximately $26,000. Nova Wealth Management Inc. acquired a new stake in McDonald’s during the 1st quarter worth approximately $26,000. Finally, GFG Capital LLC purchased a new position in McDonald’s in the 2nd quarter valued at approximately $29,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on MCD shares. BMO Capital Markets reaffirmed an “outperform” rating on shares of McDonald’s in a research report on Thursday, November 6th. Truist Financial cut their price target on McDonald’s from $360.00 to $350.00 and set a “buy” rating on the stock in a report on Tuesday, October 14th. Guggenheim reduced their price target on McDonald’s from $310.00 to $295.00 and set a “neutral” rating on the stock in a research report on Friday, October 10th. Royal Bank Of Canada began coverage on McDonald’s in a research report on Wednesday, October 8th. They set a “sector perform” rating and a $320.00 price objective for the company. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of McDonald’s in a report on Friday, October 31st. Eleven equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, McDonald’s presently has an average rating of “Hold” and a consensus price target of $323.91.

Insider Buying and Selling

In other news, insider Joseph M. Erlinger sold 3,195 shares of McDonald’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $305.82, for a total transaction of $977,094.90. Following the sale, the insider owned 6,088 shares in the company, valued at approximately $1,861,832.16. The trade was a 34.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Edith Morgan Flatley sold 1,000 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The shares were 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 directly owned 6,858 shares of the company’s stock, valued at $2,160,270. The trade was a 12.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 17,329 shares of company stock worth $5,237,811 in the last ninety days. 0.25% of the stock is owned by corporate insiders.

McDonald’s Stock Performance

MCD opened at $304.83 on Wednesday. McDonald’s Corporation has a one year low of $276.53 and a one year high of $326.32. The company has a market cap of $217.08 billion, a P/E ratio of 26.12, a PEG ratio of 3.23 and a beta of 0.50. The business’s 50-day simple moving average is $303.05 and its 200-day simple moving average is $304.42.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.11). McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The business had revenue of $7.08 billion during the quarter, compared to analyst estimates of $7.10 billion. During the same period last year, the company earned $3.23 earnings per share. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, analysts predict that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a $1.86 dividend. This is a positive change from McDonald’s’s previous quarterly dividend of $1.77. The ex-dividend date of this dividend is Monday, December 1st. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.4%. McDonald’s’s payout ratio is 63.48%.

McDonald’s 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.