Castlekeep Investment Advisors LLC Makes New Investment in McDonald's Co. (NYSE:MCD)

Castlekeep Investment Advisors LLC purchased a new stake in McDonald's Co. (NYSE:MCD - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,210,581 shares of the fast-food giant's stock, valued at approximately $350,935,000. McDonald's comprises approximately 2.3% of Castlekeep Investment Advisors LLC's investment portfolio, making the stock its 10th biggest position. Castlekeep Investment Advisors LLC owned 0.17% of McDonald's at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Boltwood Capital Management lifted its stake in shares of McDonald's by 1.9% in the fourth quarter. Boltwood Capital Management now owns 1,882 shares of the fast-food giant's stock worth $546,000 after buying an additional 35 shares during the last quarter. Pettee Investors Inc. raised its holdings in McDonald's by 0.7% in the 4th quarter. Pettee Investors Inc. now owns 5,401 shares of the fast-food giant's stock worth $1,566,000 after acquiring an additional 35 shares during the period. Covestor Ltd boosted its holdings in McDonald's by 4.1% during the fourth quarter. Covestor Ltd now owns 899 shares of the fast-food giant's stock valued at $261,000 after acquiring an additional 35 shares during the period. Independent Wealth Network Inc. grew its position in shares of McDonald's by 5.1% in the fourth quarter. Independent Wealth Network Inc. now owns 736 shares of the fast-food giant's stock valued at $213,000 after purchasing an additional 36 shares during the last quarter. Finally, Blue Barn Wealth LLC increased its stake in shares of McDonald's by 4.3% in the fourth quarter. Blue Barn Wealth LLC now owns 871 shares of the fast-food giant's stock worth $252,000 after purchasing an additional 36 shares during the period. 70.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at McDonald's

In other news, CEO Christopher J. Kempczinski sold 10,500 shares of the business's stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the completion of the sale, the chief executive officer now owns 32,756 shares in the company, valued at $10,155,997.80. The trade was a 24.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CMO Edith Morgan Flatley sold 3,200 shares of the firm's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $300.76, for a total value of $962,432.00. Following the completion of the transaction, the chief marketing officer now owns 9,858 shares in the company, valued at approximately $2,964,892.08. This represents a 24.51 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,136 shares of company stock worth $8,676,247. 0.25% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on MCD shares. Morgan Stanley decreased their target price on McDonald's from $340.00 to $335.00 and set an "overweight" rating for the company in a research note on Monday, March 17th. Citigroup increased their price objective on McDonald's from $353.00 to $364.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Bank of America boosted their target price on shares of McDonald's from $312.00 to $316.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 11th. Wedbush increased their price target on shares of McDonald's from $320.00 to $330.00 and gave the company an "outperform" rating in a report on Tuesday, February 11th. Finally, Northcoast Research downgraded shares of McDonald's from a "buy" rating to a "neutral" rating in a report on Tuesday. Eleven equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $325.91.

McDonald's Price Performance

Shares of MCD traded up $1.34 on Wednesday, hitting $318.13. The company's stock had a trading volume of 2,725,812 shares, compared to its average volume of 3,571,628. The company has a market capitalization of $227.49 billion, a PE ratio of 27.93, a PEG ratio of 3.10 and a beta of 0.57. McDonald's Co. has a fifty-two week low of $243.53 and a fifty-two week high of $326.32. The company has a 50 day moving average price of $309.74 and a 200 day moving average price of $300.13.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, hitting analysts' consensus estimates of $2.67. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. The company had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. During the same quarter in the previous year, the firm earned $2.70 earnings per share. The business's revenue was down 3.5% on a year-over-year basis. On average, equities analysts forecast that McDonald's Co. will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald's's payout ratio is presently 62.49%.

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.