Bessemer Group Inc. Has $108.83 Million Stock Position in McDonald’s Co. (NYSE:MCD)

Bessemer Group Inc. lifted its position in shares of McDonald’s Co. (NYSE:MCD) by 1.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 364,714 shares of the fast-food giant’s stock after purchasing an additional 6,880 shares during the quarter. Bessemer Group Inc. owned approximately 0.05% of McDonald’s worth $108,834,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of MCD. Ellevest Inc. raised its stake in shares of McDonald’s by 2.4% in the 1st quarter. Ellevest Inc. now owns 1,436 shares of the fast-food giant’s stock valued at $402,000 after buying an additional 34 shares in the last quarter. MTM Investment Management LLC raised its position in McDonald’s by 3.2% in the first quarter. MTM Investment Management LLC now owns 1,135 shares of the fast-food giant’s stock worth $317,000 after purchasing an additional 35 shares in the last quarter. Nicolet Bankshares Inc. lifted its stake in McDonald’s by 0.4% during the first quarter. Nicolet Bankshares Inc. now owns 8,648 shares of the fast-food giant’s stock worth $1,890,000 after purchasing an additional 35 shares during the period. Providence Wealth Advisors LLC boosted its holdings in McDonald’s by 2.4% during the first quarter. Providence Wealth Advisors LLC now owns 1,492 shares of the fast-food giant’s stock valued at $434,000 after purchasing an additional 35 shares in the last quarter. Finally, SeaCrest Wealth Management LLC grew its stake in shares of McDonald’s by 0.5% in the 1st quarter. SeaCrest Wealth Management LLC now owns 7,316 shares of the fast-food giant’s stock valued at $2,046,000 after purchasing an additional 35 shares during the period. 67.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MCD. Citigroup decreased their price target on McDonald’s from $317.00 to $283.00 and set a “neutral” rating on the stock in a research note on Monday, October 2nd. Deutsche Bank Aktiengesellschaft started coverage on shares of McDonald’s in a report on Thursday, October 19th. They issued a “buy” rating and a $287.00 target price on the stock. Barclays reduced their price target on shares of McDonald’s from $345.00 to $315.00 and set an “overweight” rating on the stock in a research report on Monday, October 23rd. JPMorgan Chase & Co. lifted their target price on shares of McDonald’s from $270.00 to $278.00 and gave the company an “overweight” rating in a research note on Tuesday, October 31st. Finally, Stephens decreased their price target on McDonald’s from $325.00 to $300.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 31st. Four equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $316.66.

Insider Buying and Selling at McDonald’s

In other news, insider Joseph M. Erlinger sold 4,487 shares of the business’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $282.02, for a total value of $1,265,423.74. Following the completion of the transaction, the insider now owns 10,786 shares of the company’s stock, valued at approximately $3,041,867.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider Joseph M. Erlinger sold 4,487 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $282.02, for a total transaction of $1,265,423.74. Following the sale, the insider now owns 10,786 shares of the company’s stock, valued at $3,041,867.72. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Heidi B. Capozzi sold 688 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $262.00, for a total value of $180,256.00. Following the completion of the transaction, the executive vice president now owns 19,331 shares of the company’s stock, valued at $5,064,722. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,443 shares of company stock valued at $5,863,300. Corporate insiders own 0.27% of the company’s stock.

McDonald’s Stock Up 1.2 %

MCD stock opened at $279.03 on Tuesday. McDonald’s Co. has a twelve month low of $245.73 and a twelve month high of $299.35. The company has a market cap of $202.39 billion, a P/E ratio of 24.56, a price-to-earnings-growth ratio of 2.64 and a beta of 0.70. The business’s fifty day moving average is $264.07 and its 200-day moving average is $280.57.

McDonald’s (NYSE:MCD) last released its earnings results on Monday, October 30th. The fast-food giant reported $3.19 earnings per share for the quarter, beating the consensus estimate of $3.00 by $0.19. The firm had revenue of $6.69 billion for the quarter, compared to analyst estimates of $6.56 billion. McDonald’s had a negative return on equity of 157.19% and a net margin of 33.31%. The company’s quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.68 earnings per share. Research analysts anticipate that McDonald’s Co. will post 11.73 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $1.67 per share. The ex-dividend date is Thursday, November 30th. This represents a $6.68 dividend on an annualized basis and a yield of 2.39%. This is a boost from McDonald’s’s previous quarterly dividend of $1.52. McDonald’s’s payout ratio is currently 58.80%.

McDonald’s Company Profile

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. The company's restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, fries, salads, shakes, frozen desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including muffins, Sausages, biscuit and bagel sandwiches, oatmeal, hash browns, breakfast burritos and hotcakes.