TD Waterhouse Canada Inc. Purchases 7,488 Shares of McDonald’s Co. (NYSE:MCD)

TD Waterhouse Canada Inc. boosted its holdings in shares of McDonald’s Co. (NYSE:MCD) by 2.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 349,701 shares of the fast-food giant’s stock after purchasing an additional 7,488 shares during the period. TD Waterhouse Canada Inc.’s holdings in McDonald’s were worth $101,375,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Transce3nd LLC bought a new stake in McDonald’s during the 4th quarter worth approximately $239,000. Trajan Wealth LLC increased its position in shares of McDonald’s by 11.1% during the fourth quarter. Trajan Wealth LLC now owns 14,077 shares of the fast-food giant’s stock worth $4,081,000 after acquiring an additional 1,406 shares in the last quarter. Landing Point Financial Group LLC acquired a new stake in shares of McDonald’s during the fourth quarter worth $217,000. MML Investors Services LLC lifted its position in McDonald’s by 3.5% in the 4th quarter. MML Investors Services LLC now owns 122,403 shares of the fast-food giant’s stock valued at $35,483,000 after acquiring an additional 4,113 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its stake in McDonald’s by 1.6% in the 4th quarter. MetLife Investment Management LLC now owns 191,784 shares of the fast-food giant’s stock worth $55,596,000 after purchasing an additional 3,094 shares during the period. 70.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Christopher J. Kempczinski sold 10,500 shares of the business’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total value of $3,255,525.00. Following the completion of the transaction, the chief executive officer now owns 32,756 shares of the company’s stock, valued at $10,155,997.80. The trade was a 24.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $309.27, for a total transaction of $309,270.00. Following the sale, the executive vice president now owns 5,564 shares in the company, valued at $1,720,778.28. The trade was a 15.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,497 shares of company stock worth $8,461,400. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Trading Up 0.6 %

McDonald’s stock opened at $310.82 on Monday. The company has a market capitalization of $222.07 billion, a price-to-earnings ratio of 27.29, a PEG ratio of 3.10 and a beta of 0.62. The stock’s 50 day moving average is $307.38 and its 200-day moving average is $299.29. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $326.32.

McDonald’s (NYSE:MCD) last posted its earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.83. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. As a group, equities research analysts predict that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $1.77 per share. The ex-dividend date was Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.28%. McDonald’s’s payout ratio is presently 62.16%.

Wall Street Analyst Weigh In

Several analysts have issued reports on MCD shares. Citigroup dropped their price target on McDonald’s from $360.00 to $353.00 and set a “buy” rating on the stock in a research note on Thursday, April 3rd. Barclays boosted their target price on McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. BMO Capital Markets raised their price target on shares of McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. KeyCorp lifted their price objective on shares of McDonald’s from $335.00 to $340.00 and gave the company an “overweight” rating in a report on Thursday, March 27th. Finally, Robert W. Baird decreased their target price on shares of McDonald’s from $310.00 to $300.00 and set a “neutral” rating for the company in a research report on Monday, April 7th. Nine analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, McDonald’s presently has a consensus rating of “Moderate Buy” and an average price target of $322.87.

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.