Beaumont Financial Advisors LLC Decreases Stake in McDonald's Corporation $MCD

Key Points

• Beaumont Financial Advisors LLC reduced its stake in McDonald's Corporation by 1.4%, now owning 75,396 shares valued at approximately $22 million.
• McDonald's reported $3.19 EPS for the last quarter, slightly above analysts' expectations, and had quarterly revenue up 5.4% compared to the prior year.
• The company announced a quarterly dividend of $1.77 per share, which equates to an annualized yield of 2.3% and a payout ratio of 60.67%.

Beaumont Financial Advisors LLC reduced its position in McDonald's Corporation (NYSE:MCD - Free Report) by 1.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,396 shares of the fast-food giant's stock after selling 1,092 shares during the period. McDonald's accounts for about 1.6% of Beaumont Financial Advisors LLC's investment portfolio, making the stock its 19th biggest position. Beaumont Financial Advisors LLC's holdings in McDonald's were worth $22,028,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mascagni Wealth Management Inc. bought a new position in shares of McDonald's during the fourth quarter valued at approximately $25,000. HFM Investment Advisors LLC bought a new position in McDonald's in the first quarter worth approximately $26,000. Nova Wealth Management Inc. bought a new stake in McDonald's during the 1st quarter valued at $26,000. Abound Financial LLC bought a new stake in McDonald's during the 1st quarter valued at $30,000. Finally, Copia Wealth Management bought a new stake in McDonald's during the 4th quarter valued at $31,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

McDonald's Stock Performance

Shares of MCD opened at $302.29 on Friday. McDonald's Corporation has a fifty-two week low of $276.53 and a fifty-two week high of $326.32. The company has a market capitalization of $215.72 billion, a price-to-earnings ratio of 25.90, a price-to-earnings-growth ratio of 3.10 and a beta of 0.50. The firm has a 50-day simple moving average of $306.31 and a 200-day simple moving average of $306.15.

McDonald's (NYSE:MCD - Get Free Report) last issued its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.15 by $0.04. McDonald's had a net margin of 32.21% and a negative return on equity of 225.52%. The company had revenue of $6.84 billion during the quarter, compared to analysts' expectations of $6.68 billion. During the same period last year, the company posted $2.97 earnings per share. The firm's quarterly revenue was up 5.4% compared to the same quarter last year. Equities research analysts forecast that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were given a dividend of $1.77 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.3%. McDonald's's dividend payout ratio (DPR) is 60.67%.

Analysts Set New Price Targets

Several brokerages have recently commented on MCD. Citigroup increased their price objective on McDonald's from $373.00 to $381.00 and gave the company a "buy" rating in a report on Wednesday, September 17th. Truist Financial raised their target price on McDonald's from $356.00 to $360.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. Melius assumed coverage on McDonald's in a research report on Monday, July 14th. They set a "sell" rating and a $250.00 target price on the stock. BMO Capital Markets raised their target price on McDonald's from $350.00 to $360.00 and gave the company an "outperform" rating in a research report on Thursday, September 4th. Finally, Piper Sandler lifted their price objective on McDonald's from $314.00 to $325.00 and gave the stock a "neutral" rating in a report on Thursday, August 7th. Eleven equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $325.86.

Insider Activity

In other McDonald's news, CMO Edith Morgan Flatley sold 1,000 shares of McDonald's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total value of $315,000.00. Following the transaction, the chief marketing officer owned 6,858 shares in the company, valued at $2,160,270. This trade represents a 12.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of McDonald's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total transaction of $770,970.00. Following the completion of the transaction, the executive vice president owned 8,754 shares in the company, valued at approximately $2,713,740. This trade represents a 22.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,402 shares of company stock worth $2,273,407 in the last three months. 0.25% of the stock is owned by insiders.

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.

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