Keeler Thomas Management LLC Purchases 7,346 Shares of McDonald’s Co. (NYSE:MCD)

Keeler Thomas Management LLC raised its position in McDonald’s Co. (NYSE:MCD) by 78.0% during the fourth quarter, Holdings Channel reports. The fund owned 16,768 shares of the fast-food giant’s stock after acquiring an additional 7,346 shares during the period. McDonald’s comprises approximately 2.0% of Keeler Thomas Management LLC’s investment portfolio, making the stock its 19th biggest position. Keeler Thomas Management LLC’s holdings in McDonald’s were worth $4,972,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Shulman DeMeo Asset Management LLC grew its position in McDonald’s by 12.2% during the fourth quarter. Shulman DeMeo Asset Management LLC now owns 1,051 shares of the fast-food giant’s stock valued at $312,000 after buying an additional 114 shares during the period. Beaumont Financial Advisors LLC increased its stake in shares of McDonald’s by 0.6% in the 3rd quarter. Beaumont Financial Advisors LLC now owns 80,441 shares of the fast-food giant’s stock worth $21,191,000 after purchasing an additional 450 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services raised its holdings in McDonald’s by 2.8% in the 4th quarter. First National Bank of Mount Dora Trust Investment Services now owns 11,025 shares of the fast-food giant’s stock worth $3,269,000 after purchasing an additional 301 shares during the period. Mengis Capital Management Inc. lifted its position in McDonald’s by 7.9% during the third quarter. Mengis Capital Management Inc. now owns 4,522 shares of the fast-food giant’s stock valued at $1,191,000 after purchasing an additional 331 shares in the last quarter. Finally, Garden State Investment Advisory Services LLC grew its holdings in McDonald’s by 7.7% during the third quarter. Garden State Investment Advisory Services LLC now owns 1,227 shares of the fast-food giant’s stock valued at $323,000 after purchasing an additional 88 shares during the period. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $284.38, for a total value of $312,533.62. Following the completion of the sale, the insider now owns 18,075 shares in the company, valued at approximately $5,140,168.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.27% of the company’s stock.

McDonald’s Price Performance

Shares of NYSE MCD traded up $1.01 during mid-day trading on Friday, hitting $271.99. 3,017,097 shares of the company’s stock traded hands, compared to its average volume of 3,163,395. The company has a market capitalization of $196.11 billion, a P/E ratio of 23.51, a PEG ratio of 2.99 and a beta of 0.71. McDonald’s Co. has a 1 year low of $245.73 and a 1 year high of $302.39. The company’s 50-day moving average is $283.10 and its two-hundred day moving average is $281.08.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Monday, February 5th. The fast-food giant reported $2.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.83 by $0.12. The business had revenue of $6.41 billion for the quarter, compared to the consensus estimate of $6.45 billion. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.59 earnings per share. Equities analysts anticipate that McDonald’s Co. will post 12.33 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s payout ratio is 57.74%.

Analyst Ratings Changes

Several research analysts have recently commented on MCD shares. Evercore ISI reaffirmed an “outperform” rating and issued a $330.00 price objective on shares of McDonald’s in a research note on Wednesday, March 27th. Oppenheimer reaffirmed a “market perform” rating on shares of McDonald’s in a report on Friday, January 5th. Barclays reduced their price objective on shares of McDonald’s from $343.00 to $340.00 and set an “overweight” rating for the company in a research note on Tuesday, February 6th. Wedbush restated an “outperform” rating and set a $330.00 target price on shares of McDonald’s in a research note on Tuesday, February 6th. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $315.00 price target on shares of McDonald’s in a research note on Tuesday, February 6th. Nine equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $319.72.

McDonald’s Company Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.