McDonald’s Corporation (NYSE:MCD) Shares Sold by Keeler Thomas Management LLC

Keeler Thomas Management LLC cut its stake in shares of McDonald’s Corporation (NYSE:MCD) by 46.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,055 shares of the fast-food giant’s stock after selling 7,885 shares during the quarter. McDonald’s makes up approximately 1.4% of Keeler Thomas Management LLC’s portfolio, making the stock its 22nd biggest position. Keeler Thomas Management LLC’s holdings in McDonald’s were worth $2,829,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Granite Bay Wealth Management LLC raised its stake in shares of McDonald’s by 3.5% during the 1st quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant’s stock worth $309,000 after buying an additional 33 shares during the last quarter. CVA Family Office LLC raised its position in McDonald’s by 1.9% during the first quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant’s stock worth $560,000 after acquiring an additional 33 shares during the last quarter. Consilium Wealth Advisory LLC lifted its holdings in shares of McDonald’s by 2.5% in the first quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant’s stock valued at $417,000 after purchasing an additional 33 shares in the last quarter. Security Financial Services INC. grew its position in shares of McDonald’s by 0.7% in the first quarter. Security Financial Services INC. now owns 5,043 shares of the fast-food giant’s stock valued at $1,575,000 after purchasing an additional 33 shares during the last quarter. Finally, Northeast Financial Consultants Inc lifted its stake in McDonald’s by 0.5% in the 4th quarter. Northeast Financial Consultants Inc now owns 7,486 shares of the fast-food giant’s stock valued at $2,170,000 after buying an additional 34 shares in the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald’s Price Performance

NYSE:MCD opened at $307.47 on Thursday. McDonald’s Corporation has a 12 month low of $265.33 and a 12 month high of $326.32. The business’s 50-day moving average is $298.81 and its two-hundred day moving average is $303.99. The firm has a market capitalization of $219.85 billion, a PE ratio of 27.14, a price-to-earnings-growth ratio of 3.13 and a beta of 0.52.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, topping analysts’ consensus estimates of $3.15 by $0.04. The firm had revenue of $6.84 billion during the quarter, compared to analysts’ expectations of $6.68 billion. McDonald’s had a negative return on equity of 195.27% and a net margin of 31.75%. McDonald’s’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.97 EPS. Equities analysts anticipate that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be paid a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Tuesday, September 2nd. McDonald’s’s payout ratio is 62.49%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. KeyCorp dropped their price target on McDonald’s from $340.00 to $325.00 and set an “overweight” rating for the company in a research report on Monday, June 30th. Northcoast Research downgraded shares of McDonald’s from a “buy” rating to a “neutral” rating in a report on Tuesday, May 6th. TD Securities reissued a “hold” rating and set a $305.00 price objective on shares of McDonald’s in a research note on Thursday, June 5th. Redburn Atlantic reaffirmed a “sell” rating and issued a $260.00 target price (down from $319.00) on shares of McDonald’s in a research note on Tuesday, June 10th. Finally, Barclays boosted their price target on McDonald’s from $347.00 to $355.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, McDonald’s presently has a consensus rating of “Hold” and an average price target of $323.39.

Insider Buying and Selling

In related news, CMO Edith Morgan Flatley sold 976 shares of McDonald’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $303.50, for a total value of $296,216.00. Following the completion of the transaction, the chief marketing officer directly owned 7,882 shares in the company, valued at approximately $2,392,187. This trade represents a 11.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joseph M. Erlinger sold 939 shares of the firm’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total value of $281,221.11. Following the transaction, the insider owned 9,283 shares in the company, valued at $2,780,165.67. This trade represents a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,280 shares of company stock worth $2,215,178. Insiders own 0.25% 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.