McDonald’s Co. (NYSE:MCD) Shares Purchased by TD Asset Management Inc.

TD Asset Management Inc. grew its holdings in shares of McDonald’s Co. (NYSE:MCD) by 6.2% during the fourth quarter, Holdings Channel reports. The firm owned 1,297,910 shares of the fast-food giant’s stock after acquiring an additional 75,540 shares during the quarter. TD Asset Management Inc.’s holdings in McDonald’s were worth $376,251,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of MCD. Legacy Investment Solutions LLC acquired a new stake in McDonald’s during the third quarter worth about $25,000. Atala Financial Inc acquired a new position in McDonald’s in the fourth quarter valued at approximately $26,000. Comprehensive Financial Planning Inc. PA bought a new position in shares of McDonald’s during the fourth quarter valued at approximately $27,000. Collier Financial acquired a new stake in shares of McDonald’s during the 4th quarter worth approximately $29,000. Finally, RPg Family Wealth Advisory LLC bought a new stake in shares of McDonald’s in the 3rd quarter worth approximately $31,000. 70.29% of the stock is currently owned by institutional investors.

Insider Transactions at McDonald’s

In other McDonald’s news, CEO Christopher J. Kempczinski sold 10,500 shares of the company’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the completion of the sale, the chief executive officer now directly owns 32,756 shares of the company’s stock, valued at approximately $10,155,997.80. This represents a 24.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 300 shares of McDonald’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 completion of the transaction, the insider now directly owns 7,887 shares in the company, valued at approximately $2,214,275.25. This trade represents a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,405 shares of company stock valued at $9,886,656 in the last three months. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s Stock Up 0.1 %

NYSE:MCD opened at $305.85 on Tuesday. The business’s 50-day moving average price is $299.21 and its 200 day moving average price is $297.65. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $326.32. The firm has a market cap of $218.52 billion, a P/E ratio of 26.85, a PEG ratio of 3.10 and a beta of 0.71.

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

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders 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 2.31%. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. JPMorgan Chase & Co. upped their price objective on McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Wedbush upped their price target on shares of McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Robert W. Baird lifted their price objective on shares of McDonald’s from $305.00 to $310.00 and gave the company a “neutral” rating in a research report on Tuesday, February 11th. Morgan Stanley reduced their target price on shares of McDonald’s from $340.00 to $335.00 and set an “overweight” rating for the company in a research note on Monday, March 17th. Finally, Erste Group Bank upgraded shares of McDonald’s from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 17th. Nine analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $323.39.

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.