Beaumont Financial Advisors LLC Has $23.74 Million Holdings in McDonald’s Co. (NYSE:MCD)

Beaumont Financial Advisors LLC lessened its holdings in shares of McDonald’s Co. (NYSE:MCD) by 0.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 80,057 shares of the fast-food giant’s stock after selling 384 shares during the quarter. McDonald’s comprises approximately 2.2% of Beaumont Financial Advisors LLC’s holdings, making the stock its 10th largest position. Beaumont Financial Advisors LLC’s holdings in McDonald’s were worth $23,738,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Blue Bell Private Wealth Management LLC boosted its stake in shares of McDonald’s by 51.9% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock worth $32,000 after acquiring an additional 42 shares in the last quarter. Spartan Planning & Wealth Management acquired a new stake in McDonald’s during the 3rd quarter valued at $33,000. Retirement Group LLC acquired a new position in shares of McDonald’s in the 4th quarter valued at about $37,000. Keener Financial Planning LLC acquired a new stake in shares of McDonald’s during the fourth quarter worth approximately $39,000. Finally, Bear Mountain Capital Inc. purchased a new stake in McDonald’s in the 4th quarter worth approximately $43,000. Institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Up 0.1 %

MCD stock traded up $0.28 during midday trading on Friday, reaching $271.26. The company’s stock had a trading volume of 1,353,685 shares, compared to its average volume of 3,223,262. The business’s 50-day simple moving average is $283.44 and its 200-day simple moving average is $280.62. The stock has a market cap of $195.58 billion, a PE ratio of 23.44, a price-to-earnings-growth ratio of 2.97 and a beta of 0.71. McDonald’s Co. has a 52 week low of $245.73 and a 52 week high of $302.39.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Monday, February 5th. The fast-food giant reported $2.95 EPS for the quarter, topping analysts’ consensus estimates of $2.83 by $0.12. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The business had revenue of $6.41 billion during the quarter, compared to analysts’ expectations of $6.45 billion. During the same period in the previous year, the firm earned $2.59 earnings per share. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. As a group, equities analysts forecast that McDonald’s Co. will post 12.33 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The company also recently announced 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 2.46%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s payout ratio is presently 57.74%.

Insiders Place Their Bets

In other 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 value of $312,533.62. Following the completion of the transaction, the insider now owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. StockNews.com downgraded McDonald’s from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Morgan Stanley dropped their price target on shares of McDonald’s from $327.00 to $320.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Barclays dropped their price target on shares of McDonald’s from $343.00 to $340.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 6th. Citigroup dropped their price target on shares of McDonald’s from $312.00 to $297.00 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, Truist Financial dropped their price target on shares of McDonald’s from $345.00 to $340.00 and set a “buy” rating on the stock in a research report on Tuesday, February 6th. Nine investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, McDonald’s has a consensus rating of “Moderate Buy” and an average target price of $319.72.

McDonald’s Profile

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.