Keystone Financial Group Has $623,000 Holdings in McDonald’s Co. (MCD)

Keystone Financial Group raised its stake in McDonald’s Co. (NYSE:MCD) by 29.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,949 shares of the fast-food giant’s stock after buying an additional 901 shares during the period. Keystone Financial Group’s holdings in McDonald’s were worth $623,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. boosted its position in shares of McDonald’s by 0.9% during the 4th quarter. BlackRock Inc. now owns 55,535,177 shares of the fast-food giant’s stock valued at $9,558,713,000 after purchasing an additional 481,739 shares in the last quarter. Jennison Associates LLC boosted its position in shares of McDonald’s by 26.5% during the 4th quarter. Jennison Associates LLC now owns 8,820,228 shares of the fast-food giant’s stock valued at $1,518,138,000 after purchasing an additional 1,848,111 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of McDonald’s by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 8,191,870 shares of the fast-food giant’s stock valued at $1,406,932,000 after purchasing an additional 270,898 shares in the last quarter. Magellan Asset Management Ltd boosted its position in shares of McDonald’s by 2.0% during the 4th quarter. Magellan Asset Management Ltd now owns 7,248,352 shares of the fast-food giant’s stock valued at $1,247,586,000 after purchasing an additional 139,991 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of McDonald’s by 3.1% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 4,234,249 shares of the fast-food giant’s stock valued at $728,799,000 after purchasing an additional 127,357 shares in the last quarter. Hedge funds and other institutional investors own 67.23% of the company’s stock.

Shares of McDonald’s opened at $164.55 on Monday, MarketBeat Ratings reports. The company has a market capitalization of $126.04 billion, a PE ratio of 24.71, a P/E/G ratio of 2.36 and a beta of 0.63. McDonald’s Co. has a 52 week low of $146.84 and a 52 week high of $178.70. The company has a debt-to-equity ratio of -6.54, a current ratio of 1.74 and a quick ratio of 1.72.



McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Monday, April 30th. The fast-food giant reported $1.79 EPS for the quarter, topping the consensus estimate of $1.67 by $0.12. The firm had revenue of $5.14 billion during the quarter, compared to the consensus estimate of $4.97 billion. McDonald’s had a negative return on equity of 167.80% and a net margin of 24.02%. The company’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.47 earnings per share. equities research analysts predict that McDonald’s Co. will post 7.68 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 18th. Stockholders of record on Monday, June 4th were paid a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 2.46%. The ex-dividend date was Friday, June 1st. McDonald’s’s dividend payout ratio (DPR) is presently 60.66%.

Several equities research analysts recently commented on MCD shares. Bank of America set a $190.00 target price on McDonald’s and gave the company a “buy” rating in a research report on Tuesday, May 1st. Vetr upgraded McDonald’s from a “hold” rating to a “buy” rating and set a $177.90 target price on the stock in a research report on Tuesday, April 10th. Credit Suisse Group restated an “outperform” rating and set a $175.00 target price (down previously from $191.00) on shares of McDonald’s in a research report on Tuesday, March 6th. Goldman Sachs Group set a $185.00 target price on McDonald’s and gave the company a “buy” rating in a research report on Tuesday, May 8th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $170.00 target price on shares of McDonald’s in a research report on Friday, March 2nd. Nine investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. McDonald’s currently has a consensus rating of “Buy” and a consensus target price of $183.70.

In related news, insider Douglas M. Goare sold 13,255 shares of the stock in a transaction that occurred on Tuesday, May 1st. The stock was sold at an average price of $165.40, for a total transaction of $2,192,377.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kevin M. Ozan sold 18,636 shares of the stock in a transaction that occurred on Tuesday, May 1st. The shares were sold at an average price of $165.69, for a total value of $3,087,798.84. Following the sale, the executive vice president now directly owns 29,800 shares of the company’s stock, valued at $4,937,562. The disclosure for this sale can be found here. Corporate insiders own 0.22% of the company’s stock.

McDonald’s Profile

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2017, the company operated 37,241 restaurants, including 34,108 franchised restaurants comprising 21,366 franchised to conventional franchisees, 6,945 licensed to developmental licensees, and 5,797 licensed to foreign affiliates; and 3,133 company-operated restaurants.

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

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