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

TD Waterhouse Canada Inc. cut its position in McDonald’s Corporation (NYSE:MCD) by 6.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 303,009 shares of the fast-food giant’s stock after selling 20,580 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in McDonald’s were worth $92,609,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. Tred Avon Family Wealth LLC lifted its stake in McDonald’s by 7.4% in the 4th quarter. Tred Avon Family Wealth LLC now owns 6,041 shares of the fast-food giant’s stock worth $1,846,000 after purchasing an additional 416 shares in the last quarter. Revisor Wealth Management LLC lifted its stake in McDonald’s by 0.5% in the 4th quarter. Revisor Wealth Management LLC now owns 17,770 shares of the fast-food giant’s stock worth $5,438,000 after purchasing an additional 91 shares in the last quarter. Clark Asset Management LLC lifted its stake in McDonald’s by 12.3% in the 4th quarter. Clark Asset Management LLC now owns 2,394 shares of the fast-food giant’s stock worth $732,000 after purchasing an additional 262 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in McDonald’s by 7.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 366,571 shares of the fast-food giant’s stock worth $112,035,000 after purchasing an additional 24,138 shares in the last quarter. Finally, Leisure Capital Management lifted its stake in McDonald’s by 4.4% in the 4th quarter. Leisure Capital Management now owns 5,431 shares of the fast-food giant’s stock worth $1,660,000 after purchasing an additional 231 shares in the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

McDonald’s Price Performance

Shares of NYSE:MCD opened at $311.78 on Monday. The company’s fifty day moving average price is $319.62 and its 200-day moving average price is $311.90. The firm has a market capitalization of $221.63 billion, a price-to-earnings ratio of 26.09, a PEG ratio of 2.81 and a beta of 0.53. McDonald’s Corporation has a one year low of $283.47 and a one year high of $341.75.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Wednesday, February 11th. The fast-food giant reported $3.12 EPS for the quarter, topping analysts’ consensus estimates of $3.05 by $0.07. The firm had revenue of $7.01 billion for the quarter, compared to analyst estimates of $6.81 billion. McDonald’s had a net margin of 31.85% and a negative return on equity of 343.90%. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.83 EPS. As a group, equities research analysts expect that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Tuesday, March 3rd were issued a $1.86 dividend. The ex-dividend date of this dividend was Tuesday, March 3rd. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.4%. McDonald’s’s dividend payout ratio is presently 62.26%.

Insider Activity at McDonald’s

In related news, insider Joseph M. Erlinger sold 2,626 shares of the stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $325.25, for a total transaction of $854,106.50. Following the transaction, the insider owned 5,398 shares of the company’s stock, valued at approximately $1,755,699.50. This trade represents a 32.73% decrease in their position. 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 4,692 shares of the stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $331.00, for a total transaction of $1,553,052.00. Following the transaction, the chief marketing officer directly owned 6,200 shares in the company, valued at approximately $2,052,200. This represents a 43.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 71,657 shares of company stock worth $23,723,307 over the last quarter. 0.26% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. TD Cowen reiterated a “hold” rating and issued a $320.00 target price on shares of McDonald’s in a research note on Thursday, February 12th. Argus upgraded shares of McDonald’s from a “hold” rating to a “buy” rating and set a $380.00 target price on the stock in a research note on Friday, February 13th. Tigress Financial increased their target price on shares of McDonald’s from $360.00 to $385.00 and gave the stock a “buy” rating in a research note on Friday, March 6th. Oppenheimer upgraded shares of McDonald’s from a “market perform” rating to an “outperform” rating and set a $355.00 target price on the stock in a research note on Tuesday, January 6th. Finally, Erste Group Bank raised shares of McDonald’s from a “hold” rating to a “buy” rating in a report on Wednesday, February 18th. Seventeen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $339.69.

McDonald’s Profile

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.