McDonald’s Corporation $MCD Stock: TD Waterhouse Canada Inc. Reduces Holdings

TD Waterhouse Canada Inc. reduced its position in McDonald’s Corporation (NYSE:MCD) by 13.8% during the third quarter, HoldingsChannel reports. The firm owned 380,631 shares of the fast-food giant’s stock after selling 60,812 shares during the period. TD Waterhouse Canada Inc.’s holdings in McDonald’s were worth $90,251,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. ARS Wealth Advisors Group LLC raised its stake in McDonald’s by 1.6% during the third quarter. ARS Wealth Advisors Group LLC now owns 7,556 shares of the fast-food giant’s stock worth $1,745,000 after buying an additional 121 shares during the last quarter. Rise Advisors LLC boosted its position in McDonald’s by 5.5% during the third quarter. Rise Advisors LLC now owns 1,903 shares of the fast-food giant’s stock valued at $439,000 after acquiring an additional 99 shares during the last quarter. Cyndeo Wealth Partners LLC boosted its position in McDonald’s by 9.8% during the third quarter. Cyndeo Wealth Partners LLC now owns 37,480 shares of the fast-food giant’s stock valued at $8,656,000 after acquiring an additional 3,360 shares during the last quarter. Eagle Bay Advisors LLC boosted its position in McDonald’s by 3.4% during the third quarter. Eagle Bay Advisors LLC now owns 1,304 shares of the fast-food giant’s stock valued at $301,000 after acquiring an additional 43 shares during the last quarter. Finally, Selective Wealth Management Inc. grew its holdings in McDonald’s by 13.4% during the 3rd quarter. Selective Wealth Management Inc. now owns 1,120 shares of the fast-food giant’s stock worth $272,000 after acquiring an additional 132 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Price Performance

Shares of MCD stock traded up $0.49 on Friday, reaching $242.99. 7,235,673 shares of the company were exchanged, compared to its average volume of 6,700,715. The company has a market cap of $171.95 billion, a price-to-earnings ratio of 19.74, a PEG ratio of 2.72 and a beta of 0.44. The company has a 50-day moving average of $252.05 and a 200-day moving average of $272.09. McDonald’s Corporation has a one year low of $229.20 and a one year high of $341.75.

McDonald’s (NYSE:MCD) last issued its earnings results on Tuesday, August 4th. The fast-food giant reported $3.38 EPS for the quarter, beating the consensus estimate of $3.32 by $0.06. McDonald’s had a negative return on equity of 572.06% and a net margin of 31.72%. The company had revenue of $7.10 billion during the quarter, compared to the consensus estimate of $7.13 billion. During the same period last year, the business posted $3.19 EPS. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, sell-side analysts predict that McDonald’s Corporation will post 12.84 EPS for the current year.

McDonald’s Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be paid a $1.93 dividend. This represents a $7.72 dividend on an annualized basis and a yield of 3.2%. This is a boost from McDonald’s’s previous quarterly dividend of $1.86. The ex-dividend date of this dividend is Tuesday, December 1st. McDonald’s’s payout ratio is 60.44%.

Key Stories Impacting McDonald’s

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

Analysts Set New Price Targets

Several research firms have recently weighed in on MCD. Sanford C. Bernstein lowered their price objective on McDonald’s from $295.00 to $250.00 and set a “market perform” rating for the company in a research report on Thursday, October 8th. Evercore cut their target price on McDonald’s from $320.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday, September 24th. Needham & Company LLC reaffirmed a “buy” rating on shares of McDonald’s in a research note on Monday, September 21st. Jefferies Financial Group decreased their target price on McDonald’s from $260.00 to $250.00 and set an “overweight” rating for the company in a research note on Tuesday, September 29th. Finally, HC Wainwright set a $250.00 target price on McDonald’s in a report on Friday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $295.94.

About McDonald’s

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.