McDonald's Corporation $MCD Stock Sold by TD Waterhouse Canada Inc.

Key Points

• TD Waterhouse Canada reduced its McDonald’s stake by 13.8%, selling 60,812 shares and retaining 380,631 shares valued at about $90.3 million. Institutional investors and hedge funds collectively own 70.29% of the company.
• Analysts recently lowered their price targets, but sentiment remains positive overall: McDonald’s has a “Moderate Buy” consensus rating and an average target price of $295.94.
• McDonald’s shares recently traded near $242.99, while the company raised its quarterly dividend to $1.93 per share, representing an annualized payout of $7.72 and a yield of roughly 3.2%.

TD Waterhouse Canada Inc. reduced its stake in McDonald's Corporation (NYSE:MCD - Free Report) by 13.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 380,631 shares of the fast-food giant's stock after selling 60,812 shares during the period. TD Waterhouse Canada Inc. owned about 0.05% of McDonald's worth $90,251,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in MCD. Bank of New York Mellon Corp acquired a new stake in McDonald's in the second quarter valued at approximately $1,359,276,000. Diamant Asset Management Inc. grew its stake in shares of McDonald's by 30,979.0% during the first quarter. Diamant Asset Management Inc. now owns 2,596,340 shares of the fast-food giant's stock worth $806,917,000 after buying an additional 2,587,986 shares during the last quarter. Corient Private Wealth LLC increased its holdings in shares of McDonald's by 94.7% during the fourth quarter. Corient Private Wealth LLC now owns 1,644,109 shares of the fast-food giant's stock worth $502,489,000 after buying an additional 799,462 shares in the last quarter. Bessemer Group Inc. increased its holdings in shares of McDonald's by 132.1% during the first quarter. Bessemer Group Inc. now owns 1,325,880 shares of the fast-food giant's stock worth $412,071,000 after buying an additional 754,596 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of McDonald's by 1.8% during the second quarter. State Street Corp now owns 36,080,505 shares of the fast-food giant's stock worth $9,752,921,000 after buying an additional 646,675 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Mizuho cut their price objective on McDonald's from $300.00 to $290.00 and set a "neutral" rating on the stock in a report on Friday, July 31st. JPMorgan Chase & Co. lowered their target price on McDonald's from $280.00 to $260.00 and set an "overweight" rating for the company in a report on Thursday, September 24th. Gordon Haskett dropped their target price on McDonald's from $315.00 to $285.00 and set a "buy" rating for the company in a research report on Thursday, September 24th. KeyCorp dropped their target price on McDonald's from $305.00 to $280.00 and set an "overweight" rating for the company in a research report on Tuesday, October 6th. Finally, Wells Fargo & Company cut their price target on McDonald's from $300.00 to $270.00 and set an "overweight" rating on the stock in a research note on Monday, October 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $295.94.

More McDonald's News

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

• Positive Sentiment: McDonald’s is bringing back a popular limited-time meal, while Halloween Boo Buckets are returning with a Disney-themed design. The promotions could support traffic, customer engagement and comparable-store sales. McDonald’s Is Bringing Back a Fan-Favorite Meal
• Positive Sentiment: McDonald’s dividend remains a key attraction: the company has joined the “Dividend King” group after decades of consecutive increases. Income-oriented investors may view the yield above 3% and recurring franchise cash flow favorably. McDonald’s Dividend King Status
• Positive Sentiment: Unusually heavy call-option activity and a broader rotation from technology into beaten-down consumer stocks may be providing additional short-term support for MCD. Consumer Stocks Get a Lift as Investors Rotate Out of Tech
• Neutral Sentiment: Analysts and market commentators generally see the stock as near fair value following its dividend increase. McDonald’s has fallen substantially this year, but investors still need evidence that cash-flow and earnings growth can justify the valuation. McDonald’s May Trade Near Fair Value
• Neutral Sentiment: The company’s planned multibillion-dollar modernization, including drive-thru technology and the “Archy” AI initiative, could improve efficiency over time, although execution and return-on-investment risks remain. McDonald’s Overhaul and AI Drive-Thru
• Negative Sentiment: McDonald’s faces a challenging third-quarter outlook, with weak U.S. sales and questions about value-menu execution. Renewed promotions and operational fixes will need to translate into sustained traffic and earnings growth. Challenging Q3 Outlook
• Negative Sentiment: Some investors argue that an attractive dividend alone is insufficient because the stock’s valuation leaves limited room for disappointment if sales and earnings remain pressured. McDonald’s Dividend Yield and Valuation

McDonald's Stock Up 0.2%

Shares of MCD stock traded up $0.49 during trading hours on Friday, hitting $242.99. 7,235,673 shares of the company's stock traded hands, compared to its average volume of 6,700,715. The stock has a market cap of $171.95 billion, a PE ratio of 19.74, a price-to-earnings-growth ratio of 2.72 and a beta of 0.44. The stock's 50 day simple moving average is $252.05 and its 200 day simple moving average is $272.09. McDonald's Corporation has a 12 month low of $229.20 and a 12 month high of $341.75.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The fast-food giant reported $3.38 earnings per share for the quarter, topping the consensus estimate of $3.32 by $0.06. The company had revenue of $7.10 billion for the quarter, compared to analysts' expectations of $7.13 billion. McDonald's had a net margin of 31.72% and a negative return on equity of 572.06%. McDonald's's revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.19 earnings per share. As a group, equities research analysts expect that McDonald's Corporation will post 12.84 EPS for the current fiscal year.

McDonald's Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be issued a dividend of $1.93 per share. This represents a $7.72 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Tuesday, December 1st. This is a boost from McDonald's's previous quarterly dividend of $1.86. McDonald's's dividend payout ratio (DPR) is presently 60.44%.

McDonald's Profile

McDonald’s Corporation is a global quick-service restaurant company that operates and franchises restaurants under the McDonald’s brand. Its restaurants serve a menu that includes hamburgers, cheeseburgers, chicken sandwiches, French fries, breakfast items, desserts, salads, beverages and coffee. Offerings vary by market, and many locations provide drive-thru service, delivery and digital ordering through the McDonald’s mobile app.

The company operates through a heavily franchised business model, with restaurants owned and operated by independent franchisees, affiliates and the company itself.

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