McDonald’s Co. (NYSE:MCD) Shares Sold by Beaumont Financial Advisors LLC

Beaumont Financial Advisors LLC lessened its stake in McDonald’s Co. (NYSE:MCD) by 0.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 77,506 shares of the fast-food giant’s stock after selling 513 shares during the quarter. McDonald’s comprises approximately 1.7% of Beaumont Financial Advisors LLC’s investment portfolio, making the stock its 18th biggest position. Beaumont Financial Advisors LLC’s holdings in McDonald’s were worth $22,468,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of MCD. International Assets Investment Management LLC grew its holdings in shares of McDonald’s by 31,151.1% during the third quarter. International Assets Investment Management LLC now owns 2,319,142 shares of the fast-food giant’s stock worth $706,202,000 after buying an additional 2,311,721 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in shares of McDonald’s by 542.9% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 801,858 shares of the fast-food giant’s stock valued at $244,174,000 after buying an additional 677,139 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in McDonald’s in the third quarter worth approximately $121,254,000. Ameriprise Financial Inc. increased its position in shares of McDonald’s by 8.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,761,625 shares of the fast-food giant’s stock worth $1,216,677,000 after purchasing an additional 354,196 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI increased its position in shares of McDonald’s by 3,580.1% during the third quarter. Zurich Insurance Group Ltd FI now owns 268,650 shares of the fast-food giant’s stock valued at $81,807,000 after acquiring an additional 261,350 shares during the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Activity at McDonald’s

In other news, EVP Marion K. Gross sold 1,499 shares of McDonald’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $294.51, for a total transaction of $441,470.49. Following the sale, the executive vice president now owns 1,560 shares in the company, valued at $459,435.60. This trade represents a 49.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $292.50, for a total transaction of $321,457.50. Following the completion of the transaction, the insider now owns 9,286 shares of the company’s stock, valued at $2,716,155. This trade represents a 10.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,605 shares of company stock worth $2,508,102. 0.23% of the stock is currently owned by company insiders.

McDonald’s Price Performance

McDonald’s stock opened at $282.85 on Wednesday. The stock’s 50-day moving average is $292.12 and its 200-day moving average is $287.72. The company has a market cap of $202.69 billion, a price-to-earnings ratio of 24.83, a price-to-earnings-growth ratio of 3.65 and a beta of 0.73. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. The firm had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The firm’s revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the company earned $3.19 EPS. Research analysts anticipate that McDonald’s Co. will post 11.73 EPS for the current year.

Wall Street Analysts Forecast Growth

MCD has been the subject of several research analyst reports. Robert W. Baird lowered McDonald’s from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $320.00 to $290.00 in a research report on Wednesday, October 23rd. Morgan Stanley decreased their target price on McDonald’s from $340.00 to $336.00 and set an “overweight” rating for the company in a report on Tuesday. Guggenheim cut shares of McDonald’s from a “buy” rating to a “neutral” rating and reduced their target price for the company from $290.00 to $285.00 in a report on Wednesday, October 23rd. TD Cowen reissued a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a report on Tuesday, October 29th. Finally, Barclays upped their price objective on McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $321.22.

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.