TD Waterhouse Canada Inc. Has $119.01 Million Stock Position in McDonald’s Corporation $MCD

TD Waterhouse Canada Inc. reduced its holdings in McDonald’s Corporation (NYSE:MCD) by 1.7% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 441,443 shares of the fast-food giant’s stock after selling 7,810 shares during the period. TD Waterhouse Canada Inc.’s holdings in McDonald’s were worth $119,007,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Ascentis Wealth Management LLC lifted its position in McDonald’s by 4,008.8% in the second quarter. Ascentis Wealth Management LLC now owns 84,230 shares of the fast-food giant’s stock worth $22,768,000 after purchasing an additional 82,180 shares during the period. Borer Denton & Associates Inc. increased its holdings in McDonald’s by 16.9% in the 2nd quarter. Borer Denton & Associates Inc. now owns 13,859 shares of the fast-food giant’s stock valued at $3,746,000 after buying an additional 2,000 shares during the period. Peterson Wealth Services increased its holdings in McDonald’s by 3,294.5% in the 4th quarter. Peterson Wealth Services now owns 11,779 shares of the fast-food giant’s stock valued at $3,600,000 after buying an additional 11,432 shares during the period. Harbour Investments Inc. raised its stake in shares of McDonald’s by 84.4% in the 4th quarter. Harbour Investments Inc. now owns 35,510 shares of the fast-food giant’s stock valued at $10,853,000 after buying an additional 16,252 shares in the last quarter. Finally, Capital International Sarl raised its stake in shares of McDonald’s by 10.4% in the 4th quarter. Capital International Sarl now owns 64,256 shares of the fast-food giant’s stock valued at $19,639,000 after buying an additional 6,079 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at McDonald’s

In other McDonald’s news, insider Joseph Erlinger sold 5,252 shares of the stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $284.32, for a total transaction of $1,493,248.64. Following the sale, the insider owned 7,734 shares of the company’s stock, valued at $2,198,930.88. This represents a 40.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.26% of the stock is currently owned by company insiders.

McDonald’s Stock Performance

Shares of MCD opened at $259.51 on Friday. The stock has a fifty day moving average price of $269.96 and a two-hundred day moving average price of $289.62. McDonald’s Corporation has a 52-week low of $256.12 and a 52-week high of $341.75. The company has a market cap of $183.64 billion, a price-to-earnings ratio of 21.08, a PEG ratio of 2.82 and a beta of 0.41.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Tuesday, August 4th. The fast-food giant reported $3.38 EPS for the quarter, topping analysts’ consensus estimates of $3.32 by $0.06. The company had revenue of $7.10 billion for the quarter, compared to analyst estimates of $7.13 billion. McDonald’s had a negative return on equity of 572.06% and a net margin of 31.72%.The business’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.19 earnings per share. As a group, research analysts predict that McDonald’s Corporation will post 12.87 EPS for the current fiscal year.

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Tuesday, September 1st will be given a dividend of $1.86 per share. The ex-dividend date is Tuesday, September 1st. This represents a $7.44 annualized dividend and a yield of 2.9%. McDonald’s’s dividend payout ratio is 60.44%.

McDonald’s News Roundup

Here are the key news stories impacting McDonald’s this week:

• Positive Sentiment: McDonald’s launched a Texas-exclusive meal featuring collectible cups tied to regional Texas locations, alongside the return of Spicy Chicken McNuggets. The limited-time products could create urgency, generate social-media attention and support restaurant traffic. McDonald’s Texas Meal releases with new themed collectible cups
• Positive Sentiment: The company is bringing back a popular dessert and promoting additional limited-time offerings. These initiatives may help sustain customer engagement, although their financial impact is not yet known. McDonald’s brings back a popular dessert
• Neutral Sentiment: A market commentary argues that MCD’s selloff may have gone too far and presents a contrarian investment case, citing a potential price target of $316.21. This is an analyst opinion rather than a new company fundamental. McDonald’s Is Near a 52-Week Low
• Negative Sentiment: Reports say McDonald’s $3 value menu has not delivered the expected benefit for customers or the company. Confusing availability and dissatisfaction with discount offers could weigh on affordability perceptions, traffic and sales momentum. McDonald’s $3 menu has a problem
• Negative Sentiment: McDonald’s is reported to be down 4.8% since its latest earnings report, when revenue came in slightly below estimates despite an earnings beat. The decline reflects ongoing investor concern about sales growth and execution. McDonald’s Down 4.8% Since Last Earnings Report
• Negative Sentiment: The discontinuation of the Pumpkin Spice Latte has triggered customer backlash. Removing a popular seasonal product could reduce fall beverage demand and damage customer sentiment, while free-coffee promotions may pressure margins. McDonald’s axes a popular coffee flavor

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Wells Fargo & Company decreased their target price on shares of McDonald’s from $320.00 to $300.00 and set an “overweight” rating on the stock in a research report on Thursday, July 16th. Robert W. Baird raised shares of McDonald’s to a “hold” rating in a research report on Monday, August 24th. Weiss Ratings cut shares of McDonald’s from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. KeyCorp decreased their price objective on McDonald’s from $315.00 to $305.00 and set an “overweight” rating on the stock in a report on Wednesday, August 5th. Finally, Argus lowered their price objective on McDonald’s from $320.00 to $310.00 and set a “buy” rating on the stock in a research note on Wednesday, August 26th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $321.35.

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.