Bessemer Group Inc. trimmed its position in McDonald's Co. (NYSE:MCD) by 6.6% in the third quarter, according to its most recent 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 period. 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 have also recently modified their holdings of MCD. Phocas Financial Corp. bought a new position in shares of McDonald's during the 2nd quarter valued at approximately $107,000. Proficio Capital Partners LLC lifted its stake 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 buying an additional 5 shares in the last quarter. Howe & Rusling Inc. lifted its stake in McDonald's by 75.0% in the 3rd quarter. Howe & Rusling Inc. now owns 840 shares of the fast-food giant’s stock worth $132,000 after purchasing an additional 360 shares in the last quarter. Acrospire Investment Management LLC purchased a new stake in McDonald's in the 2nd quarter worth approximately $153,000. Finally, Accurate Investment Solutions Inc. lifted its stake in McDonald's by 861.3% in the 3rd quarter. Accurate Investment Solutions Inc. now owns 1,019 shares of the fast-food giant’s stock worth $160,000 after purchasing an additional 913 shares in the last quarter. 67.31% of the stock is owned by institutional investors and hedge funds.
Shares of McDonald's Co. (NYSE:MCD) traded down $2.52 during midday trading on Friday, reaching $169.38. 4,562,063 shares of the company traded hands, compared to its average volume of 3,460,000. The company has a debt-to-equity ratio of -8.17, a current ratio of 1.28 and a quick ratio of 1.27. The company has a market capitalization of $137,200.00, a price-to-earnings ratio of 26.63, a price-to-earnings-growth ratio of 2.50 and a beta of 0.59. McDonald's Co. has a 12 month low of $123.28 and a 12 month high of $178.70.
McDonald's (NYSE:MCD) last announced its earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.12. McDonald's had a net margin of 22.75% and a negative return on equity of 217.17%. The company had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.22 billion. During the same period in the previous year, the business posted $1.44 earnings per share. The firm’s quarterly revenue was down 11.4% compared to the same quarter last year. analysts predict that McDonald's Co. will post 7.54 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be paid a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date is Wednesday, February 28th. McDonald's’s payout ratio is 63.52%.
A number of equities analysts have recently commented on the stock. Wells Fargo & Co set a $185.00 price target on shares of McDonald's and gave the stock a “buy” rating in a report on Wednesday, October 25th. Royal Bank of Canada set a $190.00 price target on shares of McDonald's and gave the stock a “buy” rating in a report on Thursday, December 21st. Deutsche Bank set a $185.00 target price on shares of McDonald's and gave the company a “buy” rating in a report on Friday, October 20th. Goldman Sachs Group set a $200.00 target price on shares of McDonald's and gave the company a “buy” rating in a report on Friday, January 19th. Finally, Argus reaffirmed a “buy” rating on shares of McDonald's in a report on Tuesday, October 17th. Nine investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $183.42.
In other news, VP Catherine A. Hoovel sold 1,398 shares of the company’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $170.54, for a total value of $238,414.92. Following the transaction, the vice president now directly owns 1,398 shares in the company, valued at $238,414.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Stephen Easterbrook sold 171,577 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $168.32, for a total transaction of $28,879,840.64. Following the completion of the transaction, the insider now owns 49,778 shares in the company, valued at $8,378,632.96. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 207,550 shares of company stock worth $35,118,055. 0.24% of the stock is owned by insiders.
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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.
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