Keystone Wealth Services LLC Has $559,000 Stake in McDonald’s Co. (NYSE:MCD)

Keystone Wealth Services LLC cut its holdings in shares of McDonald’s Co. (NYSE:MCD) by 5.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,884 shares of the fast-food giant’s stock after selling 106 shares during the quarter. Keystone Wealth Services LLC’s holdings in McDonald’s were worth $559,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC lifted its position in McDonald’s by 106,340.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 19,235,890 shares of the fast-food giant’s stock worth $5,069,234,000 after acquiring an additional 19,217,818 shares during the last quarter. Norges Bank bought a new position in McDonald’s during the 4th quarter worth $2,341,360,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of McDonald’s by 1,189.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,191,692 shares of the fast-food giant’s stock worth $541,962,000 after buying an additional 2,021,754 shares in the last quarter. Imprint Wealth LLC boosted its position in shares of McDonald’s by 31,574.5% in the second quarter. Imprint Wealth LLC now owns 1,628,069 shares of the fast-food giant’s stock valued at $162,807,000 after acquiring an additional 1,622,929 shares during the period. Finally, Barclays PLC increased its position in McDonald’s by 89.5% during the second quarter. Barclays PLC now owns 2,568,877 shares of the fast-food giant’s stock worth $766,580,000 after acquiring an additional 1,213,230 shares during the period. Institutional investors own 70.29% of the company’s stock.

Insiders Place Their Bets

In related news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total transaction of $312,533.62. Following the transaction, the insider now owns 18,075 shares in the company, valued at approximately $5,140,168.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on MCD shares. Truist Financial cut their price objective on shares of McDonald’s from $345.00 to $340.00 and set a “buy” rating for the company in a report on Tuesday, February 6th. Oppenheimer restated a “market perform” rating on shares of McDonald’s in a research report on Friday, January 5th. Stephens reaffirmed an “overweight” rating and set a $320.00 price objective on shares of McDonald’s in a research report on Monday, February 5th. Argus restated a “hold” rating on shares of McDonald’s in a research report on Monday. Finally, Bank of America increased their price target on shares of McDonald’s from $291.00 to $341.00 and gave the stock a “neutral” rating in a research report on Monday, January 29th. Eight research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $320.10.

McDonald’s Stock Performance

NYSE:MCD opened at $278.62 on Wednesday. McDonald’s Co. has a fifty-two week low of $245.73 and a fifty-two week high of $302.39. The company has a 50 day simple moving average of $291.07 and a two-hundred day simple moving average of $280.92. The company has a market capitalization of $201.18 billion, a PE ratio of 24.08, a P/E/G ratio of 3.01 and a beta of 0.72.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share for the quarter, topping analysts’ consensus estimates of $2.83 by $0.12. The firm had revenue of $6.41 billion during the quarter, compared to the consensus estimate of $6.45 billion. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The business’s revenue was up 8.1% compared to the same quarter last year. During the same period last year, the business posted $2.59 EPS. Research analysts predict that McDonald’s Co. will post 12.38 EPS for the current year.

McDonald’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s dividend payout ratio (DPR) is presently 57.74%.

About McDonald’s

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.