McDonald’s Co. (NYSE:MCD) Shares Sold by Keynote Financial Services LLC

Keynote Financial Services LLC lowered its position in shares of McDonald’s Co. (NYSE:MCD) by 1.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,109 shares of the fast-food giant’s stock after selling 65 shares during the quarter. Keynote Financial Services LLC’s holdings in McDonald’s were worth $1,191,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new stake in shares of McDonald’s in the third quarter valued at $25,000. Comprehensive Financial Planning Inc. PA purchased a new position in McDonald’s during the fourth quarter worth about $27,000. Collier Financial acquired a new stake in McDonald’s in the 4th quarter worth about $29,000. RPg Family Wealth Advisory LLC purchased a new stake in McDonald’s in the 3rd quarter valued at about $31,000. Finally, Marshall Investment Management LLC acquired a new position in shares of McDonald’s during the 4th quarter valued at about $37,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on MCD shares. Wedbush raised their target price 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. JPMorgan Chase & Co. lifted their price target on shares of McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Piper Sandler dropped their price objective on McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. BMO Capital Markets increased their target price on McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Finally, Morgan Stanley boosted their price target on McDonald’s from $336.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Ten equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $323.61.

McDonald’s Price Performance

NYSE:MCD opened at $308.17 on Friday. The firm has a 50-day moving average of $294.06 and a two-hundred day moving average of $295.27. The stock has a market cap of $220.18 billion, a P/E ratio of 27.06, a PEG ratio of 3.10 and a beta of 0.74. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90.

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

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $1.77 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.30%. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

Insider Activity at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $291.10, for a total value of $319,918.90. Following the completion of the sale, the insider now directly owns 8,187 shares of the company’s stock, valued at $2,383,235.70. The trade was a 11.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $309.27, for a total value of $309,270.00. Following the transaction, the executive vice president now directly owns 5,564 shares in the company, valued at approximately $1,720,778.28. This represents a 15.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,504 shares of company stock valued at $10,206,575 over the last ninety days. Corporate insiders own 0.23% of the company’s stock.

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.