McDonald’s Co. (NYSE:MCD) Shares Bought by Bessemer Group Inc.

Bessemer Group Inc. lifted its holdings in shares of McDonald’s Co. (NYSE:MCD) by 46.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 542,335 shares of the fast-food giant’s stock after buying an additional 170,978 shares during the quarter. Bessemer Group Inc. owned approximately 0.08% of McDonald’s worth $157,219,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in MCD. United Bank increased its stake in McDonald’s by 3.5% during the 3rd quarter. United Bank now owns 6,446 shares of the fast-food giant’s stock worth $1,963,000 after buying an additional 218 shares in the last quarter. Morse Asset Management Inc grew its holdings in shares of McDonald’s by 12.8% during the third quarter. Morse Asset Management Inc now owns 3,385 shares of the fast-food giant’s stock worth $1,031,000 after buying an additional 385 shares in the last quarter. Drucker Wealth 3.0 LLC acquired a new stake in shares of McDonald’s in the third quarter valued at about $217,000. Executive Wealth Management LLC purchased a new position in shares of McDonald’s in the third quarter worth about $11,465,000. Finally, Brophy Wealth Management LLC acquired a new position in McDonald’s during the third quarter worth about $1,551,000. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald’s Stock Down 0.2 %

Shares of MCD stock opened at $299.35 on Wednesday. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $326.32. The stock’s 50-day moving average price is $304.80 and its 200 day moving average price is $298.86. The stock has a market capitalization of $213.88 billion, a PE ratio of 26.28, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 EPS 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%. Analysts expect that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.37%. The ex-dividend date was Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Loop Capital reiterated a “buy” rating and set a $342.00 price objective on shares of McDonald’s in a research report on Friday, January 3rd. Piper Sandler cut their target price on McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. KeyCorp upped their price target on McDonald’s from $335.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, March 27th. Truist Financial cut their price objective on McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. upped their target price on shares of McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Nine research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $322.87.

Insider Activity

In related news, EVP Tiffanie L. Boyd sold 1,000 shares of McDonald’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $309.27, for a total value of $309,270.00. Following the sale, the executive vice president now directly owns 5,564 shares in the company, valued at $1,720,778.28. The trade was a 15.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the completion of the transaction, the insider now owns 7,887 shares of the company’s stock, valued at $2,214,275.25. The trade was a 3.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,497 shares of company stock valued at $8,461,400 over the last quarter. Corporate insiders own 0.23% of the company’s stock.

McDonald’s 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.