Mcdonald’s Corp (MCD) Shares Sold by Beaumont Financial Partners LLC

Mcdonald’s Corp (MCD) Shares Sold by Beaumont Financial Partners LLC

Beaumont Financial Partners LLC decreased its position in shares of Mcdonald’s Corp (NYSE:MCD) by 1.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 106,915 shares of the fast-food giant’s stock after selling 1,893 shares during the period. Mcdonald’s accounts for approximately 3.1% of Beaumont Financial Partners LLC’s portfolio, making the stock its 5th biggest position. Beaumont Financial Partners LLC’s holdings in Mcdonald’s were worth $18,985,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MCD. New Capital Management LP increased its stake in shares of Mcdonald’s by 33.1% in the fourth quarter. New Capital Management LP now owns 221 shares of the fast-food giant’s stock worth $39,000 after purchasing an additional 55 shares during the period. Ipswich Investment Management Co. Inc. increased its stake in shares of Mcdonald’s by 0.5% in the fourth quarter. Ipswich Investment Management Co. Inc. now owns 11,823 shares of the fast-food giant’s stock worth $2,099,000 after purchasing an additional 56 shares during the period. CMH Wealth Management LLC increased its stake in shares of Mcdonald’s by 0.5% in the fourth quarter. CMH Wealth Management LLC now owns 11,774 shares of the fast-food giant’s stock worth $2,091,000 after purchasing an additional 60 shares during the period. Douglas Lane & Associates LLC increased its stake in shares of Mcdonald’s by 2.2% in the fourth quarter. Douglas Lane & Associates LLC now owns 2,780 shares of the fast-food giant’s stock worth $494,000 after purchasing an additional 60 shares during the period. Finally, Aries Wealth Management increased its stake in Mcdonald’s by 0.9% during the fourth quarter. Aries Wealth Management now owns 7,023 shares of the fast-food giant’s stock valued at $1,247,000 after acquiring an additional 63 shares during the period. 68.77% of the stock is owned by hedge funds and other institutional investors.

In other news, Chairman Andrew J. Mckenna sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, January 31st. The stock was sold at an average price of $180.27, for a total value of $5,408,100.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Catherine A. Hoovel sold 1,328 shares of the company’s stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $175.95, for a total value of $233,661.60. Following the transaction, the vice president now directly owns 2,499 shares in the company, valued at approximately $439,699.05. The disclosure for this sale can be found here. Insiders sold a total of 129,775 shares of company stock worth $23,249,437 over the last three months. 0.22% of the stock is owned by company insiders.

NYSE MCD traded up $0.51 during trading on Friday, reaching $189.90. 2,951,509 shares of the company traded hands, compared to its average volume of 3,034,541. The company has a market capitalization of $145.33 billion, a price-to-earnings ratio of 24.04, a PEG ratio of 2.66 and a beta of 0.53. Mcdonald’s Corp has a 1-year low of $153.13 and a 1-year high of $190.88.

Mcdonald’s (NYSE:MCD) last announced its earnings results on Wednesday, January 30th. The fast-food giant reported $1.97 EPS for the quarter, topping the consensus estimate of $1.90 by $0.07. The business had revenue of $5.16 billion for the quarter, compared to the consensus estimate of $5.16 billion. Mcdonald’s had a negative return on equity of 104.38% and a net margin of 28.18%. Mcdonald’s’s revenue was down 3.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.71 EPS. Equities analysts expect that Mcdonald’s Corp will post 8.12 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend was Thursday, February 28th. Mcdonald’s’s payout ratio is currently 58.73%.

Several equities analysts recently issued reports on MCD shares. Zacks Investment Research upgraded Mcdonald’s from a “hold” rating to a “buy” rating and set a $209.00 price target on the stock in a research note on Monday, December 17th. Stephens upgraded Mcdonald’s from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $180.00 to $200.00 in a research note on Tuesday, February 19th. Royal Bank of Canada restated a “buy” rating and set a $205.00 price target on shares of Mcdonald’s in a research note on Wednesday, January 30th. Wells Fargo & Co boosted their price target on Mcdonald’s from $202.00 to $203.00 and gave the company an “outperform” rating in a research note on Friday, January 11th. Finally, Jefferies Financial Group restated a “buy” rating and set a $200.00 price target on shares of Mcdonald’s in a research note on Tuesday, December 4th. Six research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. Mcdonald’s presently has a consensus rating of “Buy” and a consensus price target of $194.11.

About Mcdonald’s

McDonald’s Corporation operates and franchises McDonald’s restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2018, the company operated 37,855 restaurants, including 35,085 franchised restaurants comprising 21,685 franchised to conventional franchisees, 7,225 licensed to developmental licensees, and 6,175 licensed to foreign affiliates; and 2,770 company-operated restaurants.

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