Bessemer Group Inc. Boosts Stock Holdings in McDonald's Co. (NYSE:MCD)

Bessemer Group Inc. boosted its stake in shares of McDonald's Co. (NYSE:MCD - Free Report) by 46.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 542,335 shares of the fast-food giant's stock after acquiring an additional 170,978 shares during the quarter. Bessemer Group Inc. owned 0.08% of McDonald's worth $157,219,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of MCD. Mattern Capital Management LLC lifted its stake in shares of McDonald's by 2.0% in the 4th quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant's stock valued at $8,729,000 after purchasing an additional 579 shares during the period. Bell Bank raised its position in shares of McDonald's by 3.0% in the fourth quarter. Bell Bank now owns 12,699 shares of the fast-food giant's stock worth $3,681,000 after acquiring an additional 371 shares during the period. YANKCOM Partnership purchased a new stake in shares of McDonald's during the 4th quarter worth about $1,628,000. Integral Investment Advisors Inc. grew its position in shares of McDonald's by 2.6% during the 4th quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant's stock valued at $1,888,000 after acquiring an additional 164 shares during the period. Finally, PFW Advisors LLC purchased a new position in shares of McDonald's in the 4th quarter valued at about $2,471,000. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald's Stock Up 1.0 %

Shares of McDonald's stock traded up $3.06 during mid-day trading on Friday, hitting $309.84. The stock had a trading volume of 4,439,602 shares, compared to its average volume of 3,583,747. The firm has a market cap of $221.37 billion, a P/E ratio of 27.20, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62. The firm has a 50-day moving average of $306.10 and a two-hundred day moving average of $299.04. McDonald's Co. has a 12-month low of $243.53 and a 12-month high of $326.32.

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McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, hitting the consensus estimate of $2.83. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. Sell-side analysts expect that McDonald's Co. will post 12.25 earnings per share for the current year.

McDonald's Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $1.77 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.29%. McDonald's's dividend payout ratio (DPR) is currently 62.16%.

Insider Buying and Selling at McDonald's

In related news, EVP Tiffanie L. Boyd sold 1,000 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $309.27, for a total transaction of $309,270.00. Following the transaction, the executive vice president now owns 5,564 shares of the company's stock, valued at approximately $1,720,778.28. This represents a 15.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of McDonald's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total value of $3,255,525.00. Following the completion of the transaction, the chief executive officer now directly owns 32,756 shares of the company's stock, valued at approximately $10,155,997.80. This represents a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,497 shares of company stock valued at $8,461,400 over the last 90 days. 0.23% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

MCD has been the topic of several research analyst reports. Piper Sandler dropped their price objective on McDonald's from $297.00 to $290.00 and set a "neutral" rating on the stock in a report on Tuesday, February 4th. BMO Capital Markets lifted their price target on shares of McDonald's from $335.00 to $340.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. Robert W. Baird cut their price target on shares of McDonald's from $310.00 to $300.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Citigroup decreased their price objective on shares of McDonald's from $360.00 to $353.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. Finally, KeyCorp boosted their target price on shares of McDonald's from $335.00 to $340.00 and gave the stock an "overweight" rating in a research note on Thursday, March 27th. Nine equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $322.87.

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.