Bessemer Group Inc. Decreases Holdings in McDonald's Co. (MCD)

Bessemer Group Inc. reduced its position in shares of McDonald's Co. (NYSE:MCD) by 6.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 48,316 shares of the fast-food giant’s stock after selling 3,399 shares during the quarter. Bessemer Group Inc.’s holdings in McDonald's were worth $7,570,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Phocas Financial Corp. acquired a new stake in shares of McDonald's during the 2nd quarter valued at $107,000. Proficio Capital Partners LLC lifted its position in shares of McDonald's by 0.7% during the 2nd quarter. Proficio Capital Partners LLC now owns 745 shares of the fast-food giant’s stock valued at $117,000 after acquiring an additional 5 shares during the last quarter. Howe & Rusling Inc. lifted its position in shares of McDonald's by 75.0% during the 3rd quarter. Howe & Rusling Inc. now owns 840 shares of the fast-food giant’s stock valued at $132,000 after acquiring an additional 360 shares during the last quarter. Acrospire Investment Management LLC acquired a new stake in shares of McDonald's during the 2nd quarter valued at $153,000. Finally, Accurate Investment Solutions Inc. lifted its position in shares of McDonald's by 861.3% during the 3rd quarter. Accurate Investment Solutions Inc. now owns 1,019 shares of the fast-food giant’s stock valued at $160,000 after acquiring an additional 913 shares during the last quarter. 67.28% of the stock is owned by hedge funds and other institutional investors.

Shares of McDonald's Co. (MCD) opened at $173.57 on Friday. The company has a current ratio of 1.28, a quick ratio of 1.27 and a debt-to-equity ratio of -8.17. McDonald's Co. has a 1-year low of $119.82 and a 1-year high of $175.78. The stock has a market capitalization of $140,590.00, a price-to-earnings ratio of 25.05, a P/E/G ratio of 2.61 and a beta of 0.67.

McDonald's (NYSE:MCD) last announced its quarterly earnings data on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.75 by $0.01. McDonald's had a negative return on equity of 216.45% and a net margin of 24.19%. The business had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.75 billion. During the same period last year, the company earned $1.62 earnings per share. McDonald's’s quarterly revenue was down 10.4% compared to the same quarter last year. analysts predict that McDonald's Co. will post 6.53 EPS for the current year.

MCD has been the subject of a number of recent research reports. Nomura set a $183.00 price objective on McDonald's and gave the company a “buy” rating in a research report on Tuesday, October 17th. Goldman Sachs Group set a $172.00 price objective on McDonald's and gave the company a “buy” rating in a research report on Friday, October 13th. Longbow Research upgraded McDonald's from a “neutral” rating to a “buy” rating and increased their price objective for the company from $154.05 to $183.00 in a research report on Thursday, September 28th. Zacks Investment Research upgraded McDonald's from a “hold” rating to a “buy” rating and set a $178.00 price objective for the company in a research report on Tuesday, September 26th. Finally, Credit Suisse Group set a $170.00 price objective on McDonald's and gave the company a “buy” rating in a research report on Wednesday, September 20th. Nine research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $178.88.

In related news, VP James R. Sappington sold 8,046 shares of the stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $165.00, for a total transaction of $1,327,590.00. Following the completion of the sale, the vice president now directly owns 15,739 shares in the company, valued at $2,596,935. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Stephen Easterbrook sold 171,577 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $168.32, for a total value of $28,879,840.64. Following the sale, the insider now owns 49,778 shares of the company’s stock, valued at $8,378,632.96. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by company insiders.

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McDonald's Company Profile

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.

Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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