TD Asset Management Inc. Sells 95,572 Shares of McDonald’s Corporation (MCD)

TD Asset Management Inc. decreased its holdings in McDonald’s Corporation (NYSE:MCD) by 6.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,480,569 shares of the fast-food giant’s stock after selling 95,572 shares during the quarter. TD Asset Management Inc. owned 0.18% of McDonald’s Corporation worth $226,764,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Orrstown Financial Services Inc. increased its position in shares of McDonald’s Corporation by 17.2% during the 2nd quarter. Orrstown Financial Services Inc. now owns 709 shares of the fast-food giant’s stock worth $108,000 after purchasing an additional 104 shares in the last quarter. Proficio Capital Partners LLC increased its position in shares of McDonald’s Corporation by 87.8% during the 1st quarter. Proficio Capital Partners LLC now owns 740 shares of the fast-food giant’s stock worth $111,000 after purchasing an additional 346 shares in the last quarter. Vigilant Capital Management LLC increased its position in shares of McDonald’s Corporation by 9.4% during the 1st quarter. Vigilant Capital Management LLC now owns 977 shares of the fast-food giant’s stock worth $127,000 after purchasing an additional 84 shares in the last quarter. Signature Estate & Investment Advisors LLC acquired a new stake in shares of McDonald’s Corporation during the 1st quarter worth about $146,000. Finally, Acrospire Investment Management LLC acquired a new stake in shares of McDonald’s Corporation during the 2nd quarter worth about $153,000. Institutional investors own 67.92% of the company’s stock.

In other McDonald’s Corporation news, CFO Kevin M. Ozan sold 25,322 shares of the stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $158.50, for a total transaction of $4,013,537.00. Following the transaction, the chief financial officer now directly owns 24,039 shares in the company, valued at approximately $3,810,181.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP David Ogden Fairhurst sold 4,782 shares of the stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $157.05, for a total value of $751,013.10. Following the transaction, the executive vice president now owns 6,954 shares in the company, valued at $1,092,125.70. The disclosure for this sale can be found here. Insiders have sold a total of 69,938 shares of company stock worth $11,033,009 over the last 90 days. Company insiders own 0.24% of the company’s stock.

A number of brokerages recently issued reports on MCD. Royal Bank Of Canada set a $175.00 target price on shares of McDonald’s Corporation and gave the stock a “buy” rating in a research report on Wednesday, July 26th. Sanford C. Bernstein reiterated an “outperform” rating and set a $170.00 target price on shares of McDonald’s Corporation in a research report on Tuesday, July 25th. BidaskClub cut shares of McDonald’s Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Robert W. Baird reiterated an “outperform” rating and set a $170.00 target price on shares of McDonald’s Corporation in a research report on Tuesday, October 3rd. Finally, Bank of America Corporation reiterated a “buy” rating and set a $175.00 target price on shares of McDonald’s Corporation in a research report on Monday, August 14th. Ten analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $168.48.

Shares of McDonald’s Corporation (MCD) opened at 165.77 on Thursday. The firm has a market capitalization of $134.27 billion, a P/E ratio of 27.14 and a beta of 0.69. The firm’s 50-day moving average is $159.24 and its 200 day moving average is $151.64. McDonald’s Corporation has a one year low of $110.33 and a one year high of $166.25.

McDonald’s Corporation (NYSE:MCD) last posted its quarterly earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.08. The firm had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.96 billion. McDonald’s Corporation had a negative return on equity of 264.89% and a net margin of 21.00%. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.45 EPS. Equities research analysts predict that McDonald’s Corporation will post $6.56 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.44%. This is a boost from McDonald’s Corporation’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend is Thursday, November 30th. McDonald’s Corporation’s dividend payout ratio is presently 61.54%.

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About McDonald’s Corporation

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.

Institutional Ownership by Quarter for McDonald`s Corporation (NYSE:MCD)

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