TD Waterhouse Canada Inc. Increases Holdings in McDonald's Co. (NYSE:MCD)

TD Waterhouse Canada Inc. grew its holdings in McDonald's Co. (NYSE:MCD - Free Report) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 349,701 shares of the fast-food giant's stock after purchasing an additional 7,488 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in McDonald's were worth $101,375,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of MCD. Atala Financial Inc purchased a new position in McDonald's in the 4th quarter valued at $26,000. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of McDonald's in the 4th quarter valued at approximately $27,000. Collier Financial acquired a new position in shares of McDonald's in the 4th quarter worth approximately $29,000. Fairway Wealth LLC boosted its position in shares of McDonald's by 110.0% during the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock worth $30,000 after purchasing an additional 55 shares during the period. Finally, GKV Capital Management Co. Inc. acquired a new stake in McDonald's in the 4th quarter valued at approximately $30,000. Hedge funds and other institutional investors own 70.29% of the company's stock.

McDonald's Stock Down 0.2 %

MCD stock traded down $0.50 during trading on Wednesday, hitting $318.58. The company had a trading volume of 3,209,437 shares, compared to its average volume of 3,587,537. McDonald's Co. has a 1-year low of $243.53 and a 1-year high of $326.32. The firm has a 50-day moving average price of $307.59 and a 200-day moving average price of $299.47. The firm has a market cap of $227.61 billion, a PE ratio of 27.97, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, hitting the consensus estimate of $2.83. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. Sell-side analysts anticipate that McDonald's Co. will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald's's payout ratio is 62.16%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on MCD. Erste Group Bank raised McDonald's from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Morgan Stanley cut their target price on shares of McDonald's from $340.00 to $335.00 and set an "overweight" rating on the stock in a research note on Monday, March 17th. Robert W. Baird dropped their price objective on shares of McDonald's from $310.00 to $300.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Piper Sandler lowered their target price on shares of McDonald's from $297.00 to $290.00 and set a "neutral" rating for the company in a research note on Tuesday, February 4th. Finally, BMO Capital Markets lifted their price target on McDonald's from $335.00 to $340.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. Nine analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $322.74.

Insider Transactions at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 300 shares of the business's stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the transaction, the insider now owns 7,887 shares in the company, valued at approximately $2,214,275.25. The trade was a 3.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $309.27, for a total value of $309,270.00. Following the completion of the sale, the executive vice president now directly owns 5,564 shares of the company's stock, valued at $1,720,778.28. This represents a 15.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 28,436 shares of company stock worth $8,760,472 over the last ninety days. 0.23% of the stock is currently owned by company insiders.

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.