Bessemer Group Inc. Sells 40,504 Shares of McDonald's Corporation (NYSE:MCD)

Bessemer Group Inc. reduced its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 7.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 501,831 shares of the fast-food giant's stock after selling 40,504 shares during the quarter. Bessemer Group Inc. owned approximately 0.07% of McDonald's worth $156,756,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in MCD. Brighton Jones LLC grew its holdings in shares of McDonald's by 21.6% during the 4th quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant's stock worth $2,692,000 after acquiring an additional 1,649 shares during the period. Revolve Wealth Partners LLC boosted its position in shares of McDonald's by 2.8% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant's stock valued at $563,000 after purchasing an additional 52 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its position in shares of McDonald's by 15.3% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 209,464 shares of the fast-food giant's stock valued at $60,722,000 after purchasing an additional 27,774 shares in the last quarter. GHE LLC grew its stake in McDonald's by 0.9% in the fourth quarter. GHE LLC now owns 14,677 shares of the fast-food giant's stock worth $4,255,000 after purchasing an additional 136 shares during the period. Finally, Pine Valley Investments Ltd Liability Co raised its holdings in McDonald's by 4.3% in the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 20,282 shares of the fast-food giant's stock worth $5,880,000 after purchasing an additional 830 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Redburn Atlantic restated a "sell" rating and set a $260.00 target price (down previously from $319.00) on shares of McDonald's in a report on Tuesday, June 10th. BMO Capital Markets reissued an "outperform" rating and set a $345.00 price target (up from $340.00) on shares of McDonald's in a research report on Monday, May 5th. TD Securities reissued a "hold" rating and set a $305.00 price objective on shares of McDonald's in a research note on Thursday, June 5th. Citigroup raised their target price on shares of McDonald's from $353.00 to $364.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Finally, KeyCorp lifted their target price on shares of McDonald's from $335.00 to $340.00 and gave the company an "overweight" rating in a report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $321.79.

McDonald's Stock Up 0.7%

MCD opened at $291.50 on Wednesday. The stock has a market capitalization of $208.43 billion, a price-to-earnings ratio of 25.73, a PEG ratio of 3.02 and a beta of 0.56. The firm has a 50 day moving average price of $309.60 and a 200-day moving average price of $302.72. McDonald's Corporation has a twelve month low of $243.53 and a twelve month high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last announced its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.67. The business had revenue of $5.96 billion for the quarter, compared to analysts' expectations of $6.17 billion. McDonald's had a negative return on equity of 195.27% and a net margin of 31.75%. The business's revenue for the quarter was down 3.5% on a year-over-year basis. During the same period last year, the firm posted $2.70 earnings per share. As a group, analysts expect that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a dividend of $1.77 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $7.08 annualized dividend and a yield of 2.43%. McDonald's's dividend payout ratio (DPR) is presently 62.49%.

Insider Activity

In other news, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $315.07, for a total transaction of $295,850.73. Following the sale, the insider now directly owns 11,161 shares in the company, valued at $3,516,496.27. This trade represents a 7.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 2,817 shares of company stock valued at $865,843 in the last ninety days. Corporate insiders own 0.25% of the company's stock.

About McDonald's

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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