Keeler Thomas Management LLC Lowers Holdings in McDonald’s Corporation $MCD

Keeler Thomas Management LLC lowered its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 91.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 819 shares of the fast-food giant’s stock after selling 8,236 shares during the quarter. Keeler Thomas Management LLC’s holdings in McDonald’s were worth $239,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of MCD. HFM Investment Advisors LLC purchased a new position in McDonald’s during the first quarter worth approximately $26,000. Nova Wealth Management Inc. purchased a new position in McDonald’s during the first quarter worth approximately $26,000. GFG Capital LLC purchased a new position in McDonald’s during the second quarter worth approximately $29,000. Abound Financial LLC purchased a new position in McDonald’s during the first quarter worth approximately $30,000. Finally, Redmont Wealth Advisors LLC purchased a new position in McDonald’s during the first quarter worth approximately $31,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Performance

NYSE:MCD opened at $306.05 on Friday. McDonald’s Corporation has a one year low of $276.53 and a one year high of $326.32. The stock has a market cap of $218.39 billion, a PE ratio of 26.23, a P/E/G ratio of 3.24 and a beta of 0.50. The stock has a 50 day moving average price of $306.49 and a 200 day moving average price of $305.61.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, beating the consensus estimate of $3.15 by $0.04. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The firm had revenue of $6.84 billion during the quarter, compared to analysts’ expectations of $6.68 billion. During the same quarter last year, the firm earned $2.97 earnings per share. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. As a group, analysts predict that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a $1.86 dividend. This is a boost from McDonald’s’s previous quarterly dividend of $1.77. This represents a $7.44 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, December 1st. McDonald’s’s payout ratio is 60.67%.

Analysts Set New Price Targets

MCD has been the topic of a number of recent analyst reports. BTIG Research reiterated a “neutral” rating on shares of McDonald’s in a research report on Friday. The Goldman Sachs Group raised McDonald’s from a “neutral” rating to a “buy” rating and set a $345.00 target price for the company in a report on Thursday, July 10th. Royal Bank Of Canada initiated coverage on McDonald’s in a report on Wednesday, October 8th. They set a “sector perform” rating and a $320.00 target price for the company. Morgan Stanley set a $335.00 target price on McDonald’s in a report on Friday, October 17th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of McDonald’s in a report on Wednesday, October 8th. Eleven analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $324.50.

Insider Activity at McDonald’s

In other McDonald’s news, CMO Edith Morgan Flatley sold 1,000 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total transaction of $315,000.00. Following the completion of the sale, the chief marketing officer owned 6,858 shares of the company’s stock, valued at $2,160,270. This trade represents a 12.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jonathan Banner sold 1,000 shares of the firm’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total value of $310,000.00. Following the sale, the executive vice president directly owned 99 shares of the company’s stock, valued at approximately $30,690. This trade represents a 90.99% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,463 shares of company stock valued at $1,692,186. 0.25% of the stock is currently owned by insiders.

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.