Keystone Financial Group Purchases 11,139 Shares of McDonald's Co. (NYSE:MCD)

Keystone Financial Group increased its holdings in shares of McDonald's Co. (NYSE:MCD - Free Report) by 132.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,522 shares of the fast-food giant's stock after purchasing an additional 11,139 shares during the quarter. Keystone Financial Group's holdings in McDonald's were worth $5,864,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Morse Asset Management Inc grew its stake in shares of McDonald's by 12.8% in the third quarter. Morse Asset Management Inc now owns 3,385 shares of the fast-food giant's stock worth $1,031,000 after acquiring an additional 385 shares during the period. McIlrath & Eck LLC raised its stake in McDonald's by 11.6% during the 3rd quarter. McIlrath & Eck LLC now owns 1,537 shares of the fast-food giant's stock valued at $468,000 after buying an additional 160 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of McDonald's in the third quarter worth $1,647,000. Diamant Asset Management Inc. boosted its position in McDonald's by 1.9% in the third quarter. Diamant Asset Management Inc. now owns 9,544 shares of the fast-food giant's stock worth $2,906,000 after purchasing an additional 180 shares during the last quarter. Finally, Tudor Financial Inc. bought a new stake in shares of McDonald's during the 3rd quarter valued at about $394,000. 70.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on MCD shares. Barclays boosted their target price on shares of McDonald's from $347.00 to $350.00 and gave the company an "overweight" rating in a research report on Monday, February 10th. Wedbush upped their price objective on McDonald's from $320.00 to $330.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. TD Securities reissued a "hold" rating and set a $300.00 price target on shares of McDonald's in a report on Monday, February 10th. Piper Sandler decreased their price objective on McDonald's from $297.00 to $290.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. Finally, BMO Capital Markets boosted their price objective on McDonald's from $335.00 to $340.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. Nine equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $322.87.

Insider Activity

In other McDonald's news, EVP Tiffanie L. Boyd sold 1,000 shares of the company's stock in a transaction on 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 approximately $1,720,778.28. This represents a 15.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 300 shares of the company's stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the completion of the sale, the insider now directly owns 7,887 shares of the company's stock, valued at approximately $2,214,275.25. This trade represents a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,497 shares of company stock valued at $8,461,400. 0.23% of the stock is currently owned by company insiders.

McDonald's Price Performance

Shares of NYSE:MCD traded up $1.72 during trading on Thursday, hitting $310.82. The company had a trading volume of 2,726,918 shares, compared to its average volume of 3,583,375. The stock has a market cap of $222.07 billion, a price-to-earnings ratio of 27.29, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62. The company has a fifty day simple moving average of $307.31 and a two-hundred day simple moving average of $299.25. McDonald's Co. has a one year low of $243.53 and a one year high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last released its earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.83. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. On average, equities research analysts anticipate that McDonald's Co. will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $1.77 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.28%. McDonald's's payout ratio is 62.16%.

McDonald's Company 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.