TD Private Client Wealth LLC Has $3.71 Million Position in McDonald's Corporation (NYSE:MCD)

TD Private Client Wealth LLC raised its holdings in McDonald's Corporation (NYSE:MCD - Free Report) by 214.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,878 shares of the fast-food giant's stock after buying an additional 8,101 shares during the period. TD Private Client Wealth LLC's holdings in McDonald's were worth $3,710,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of McDonald's by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 70,169,342 shares of the fast-food giant's stock valued at $20,341,391,000 after purchasing an additional 526,466 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of McDonald's by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 16,074,438 shares of the fast-food giant's stock valued at $4,652,768,000 after buying an additional 157,458 shares during the period. Capital Research Global Investors lifted its stake in shares of McDonald's by 5.2% during the fourth quarter. Capital Research Global Investors now owns 10,652,445 shares of the fast-food giant's stock valued at $3,088,037,000 after buying an additional 531,070 shares during the period. Norges Bank purchased a new position in shares of McDonald's during the fourth quarter valued at approximately $2,725,190,000. Finally, Northern Trust Corp lifted its stake in shares of McDonald's by 11.2% during the fourth quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant's stock valued at $2,570,511,000 after buying an additional 895,896 shares during the period. Hedge funds and other institutional investors own 70.29% of the company's stock.

McDonald's Trading Up 0.5%

NYSE MCD traded up $1.41 during trading hours on Friday, reaching $299.80. The company's stock had a trading volume of 4,494,100 shares, compared to its average volume of 3,532,598. The business has a 50-day simple moving average of $304.11 and a 200 day simple moving average of $302.48. McDonald's Corporation has a 52 week low of $246.12 and a 52 week high of $326.32. The stock has a market cap of $214.37 billion, a PE ratio of 26.46, a PEG ratio of 3.11 and a beta of 0.53.

McDonald's (NYSE:MCD - Get Free Report) last issued its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $2.67. The firm had revenue of $5.96 billion for the quarter, compared to analysts' expectations of $6.17 billion. McDonald's had a net margin of 31.75% and a negative return on equity of 195.27%. McDonald's's revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the company posted $2.70 earnings per share. As a group, equities analysts predict that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a dividend of $1.77 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.36%. McDonald's's dividend payout ratio is presently 62.49%.

Insider Buying and Selling

In related news, CMO Edith Morgan Flatley sold 1,000 shares of the firm's stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $300.00, for a total transaction of $300,000.00. Following the transaction, the chief marketing officer owned 8,858 shares in the company, valued at $2,657,400. This trade represents a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $288.52, for a total transaction of $270,920.28. Following the completion of the sale, the insider directly owned 10,222 shares of the company's stock, valued at approximately $2,949,251.44. The trade was a 8.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,817 shares of company stock worth $1,165,843 in the last quarter. Company insiders own 0.25% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MCD. Truist Financial upped their price objective on shares of McDonald's from $350.00 to $356.00 and gave the company a "buy" rating in a research note on Wednesday. Loop Capital cut shares of McDonald's from a "buy" rating to a "hold" rating and decreased their price target for the stock from $346.00 to $315.00 in a research report on Friday, June 6th. Argus downgraded McDonald's from a "buy" rating to a "hold" rating in a report on Friday, June 13th. BMO Capital Markets reiterated an "outperform" rating and issued a $345.00 price target (up from $340.00) on shares of McDonald's in a report on Monday, May 5th. Finally, The Goldman Sachs Group upgraded McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 price target for the company in a report on Thursday. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $322.29.

About McDonald's

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.