Castlekeep Investment Advisors LLC Takes Position in McDonald's Co. (NYSE:MCD)

Castlekeep Investment Advisors LLC acquired a new position in shares of McDonald's Co. (NYSE:MCD - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,176 shares of the fast-food giant's stock, valued at approximately $1,211,000.

Other large investors have also made changes to their positions in the company. Atala Financial Inc bought a new stake in shares of McDonald's in the fourth quarter valued at approximately $26,000. Comprehensive Financial Planning Inc. PA acquired a new position in McDonald's during the 4th quarter valued at $27,000. Collier Financial acquired a new position in McDonald's during the 4th quarter valued at $29,000. Pinney & Scofield Inc. bought a new stake in McDonald's in the 4th quarter valued at $29,000. Finally, Fairway Wealth LLC grew its position in McDonald's by 110.0% in the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock worth $30,000 after purchasing an additional 55 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.

McDonald's Price Performance

Shares of NYSE:MCD traded up $0.42 during midday trading on Tuesday, reaching $314.99. The company's stock had a trading volume of 2,525,607 shares, compared to its average volume of 3,541,201. The company has a market capitalization of $225.23 billion, a P/E ratio of 27.65, a P/E/G 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 business's fifty day simple moving average is $311.84 and its 200-day simple moving average is $301.65.

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

McDonald's Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a $1.77 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.25%. McDonald's's dividend payout ratio is presently 62.49%.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of McDonald's from $280.00 to $300.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. Wedbush upped their price target on McDonald's from $320.00 to $330.00 and gave the company an "outperform" rating in a report on Tuesday, February 11th. Robert W. Baird raised their price objective on McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. BMO Capital Markets reissued an "outperform" rating and set a $345.00 price objective (up previously from $340.00) on shares of McDonald's in a report on Monday, May 5th. Finally, Morgan Stanley cut 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. Eleven 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. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $325.91.

Insider Activity at McDonald's

In other McDonald's news, EVP Tiffanie L. Boyd sold 1,000 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $309.27, for a total value of $309,270.00. Following the completion of the sale, the executive vice president now directly owns 5,564 shares in the company, valued at $1,720,778.28. This represents a 15.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $318.50, for a total value of $299,071.50. Following the transaction, the insider now owns 12,100 shares in the company, valued at $3,853,850. This trade represents a 7.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,878 shares of company stock worth $904,192 in the last ninety days. Company insiders own 0.25% of the company's stock.

About McDonald's

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.