Beaumont Financial Partners LLC reduced its stake in shares of Mcdonald’s Corp (NYSE:MCD) by 1.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 106,915 shares of the fast-food giant’s stock after selling 1,893 shares during the period. Mcdonald’s makes up 3.1% of Beaumont Financial Partners LLC’s investment portfolio, making the stock its 5th biggest position. Beaumont Financial Partners LLC’s holdings in Mcdonald’s were worth $18,985,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of MCD. Ruggie Capital Group lifted its holdings in shares of Mcdonald’s by 3,020.0% during the 4th quarter. Ruggie Capital Group now owns 156 shares of the fast-food giant’s stock worth $28,000 after acquiring an additional 151 shares during the last quarter. Gantzert Investment Co. LLC ADV purchased a new position in Mcdonald’s in the 4th quarter worth $31,000. Focused Wealth Management Inc raised its position in Mcdonald’s by 4,500.0% in the 4th quarter. Focused Wealth Management Inc now owns 184 shares of the fast-food giant’s stock worth $33,000 after purchasing an additional 180 shares during the period. Highwater Wealth Management LLC purchased a new position in Mcdonald’s in the 4th quarter worth $38,000. Finally, Strategic Wealth Partners Ltd. raised its position in Mcdonald’s by 47.9% in the 4th quarter. Strategic Wealth Partners Ltd. now owns 207 shares of the fast-food giant’s stock worth $38,000 after purchasing an additional 67 shares during the period. 67.39% of the stock is owned by institutional investors.
In other Mcdonald’s news, EVP David Ogden Fairhurst sold 76,411 shares of the business’s stock in a transaction dated Tuesday, February 5th. The shares were sold at an average price of $178.25, for a total value of $13,620,260.75. Following the transaction, the executive vice president now owns 12,110 shares in the company, valued at $2,158,607.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Robert Lane Gibbs sold 22,036 shares of the business’s stock in a transaction dated Thursday, January 31st. The shares were sold at an average price of $180.95, for a total transaction of $3,987,414.20. The disclosure for this sale can be found here. Insiders sold 129,775 shares of company stock worth $23,249,437 in the last 90 days. Corporate insiders own 0.22% of the company’s stock.
A number of equities analysts recently commented on MCD shares. Barclays set a $198.00 target price on shares of Mcdonald’s and gave the stock a “buy” rating in a research report on Monday, November 19th. Jefferies Financial Group set a $200.00 target price on shares of Mcdonald’s and gave the stock a “buy” rating in a research report on Tuesday, November 20th. Royal Bank of Canada set a $190.00 target price on shares of Mcdonald’s and gave the stock a “buy” rating in a research report on Tuesday, November 20th. Wells Fargo & Co lifted their target price on shares of Mcdonald’s from $197.00 to $202.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 21st. Finally, Zacks Investment Research upgraded shares of Mcdonald’s from a “hold” rating to a “buy” rating and set a $205.00 target price on the stock in a research report on Monday, November 26th. Six analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $194.11.
MCD stock opened at $185.33 on Friday. Mcdonald’s Corp has a 12-month low of $153.13 and a 12-month high of $190.88. The stock has a market capitalization of $139.85 billion, a price-to-earnings ratio of 23.46, a PEG ratio of 2.52 and a beta of 0.53.
Mcdonald’s (NYSE:MCD) last released its quarterly earnings data on Wednesday, January 30th. The fast-food giant reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.07. Mcdonald’s had a net margin of 28.18% and a negative return on equity of 104.38%. The firm had revenue of $5.16 billion for the quarter, compared to analysts’ expectations of $5.16 billion. During the same quarter in the previous year, the company earned $1.71 earnings per share. The company’s revenue for the quarter was down 3.3% compared to the same quarter last year. As a group, equities research analysts expect that Mcdonald’s Corp will post 8.15 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend was Thursday, February 28th. Mcdonald’s’s payout ratio is 58.73%.
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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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