Cypress Capital LLC Has $2.05 Million Holdings in McDonald’s Co. (NYSE:MCD)

Cypress Capital LLC lifted its stake in shares of McDonald’s Co. (NYSE:MCDGet Rating) by 3.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,269 shares of the fast-food giant’s stock after acquiring an additional 242 shares during the quarter. Cypress Capital LLC’s holdings in McDonald’s were worth $2,045,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Norwood Financial Corp bought a new stake in McDonald’s in the fourth quarter worth approximately $27,000. Artemis Wealth Advisors LLC acquired a new stake in McDonald’s in the first quarter worth $28,000. Castle Financial & Retirement Planning Associates Inc. bought a new stake in McDonald’s in the fourth quarter valued at $34,000. Conrad Siegel Investment Advisors Inc. acquired a new stake in shares of McDonald’s in the 1st quarter valued at about $37,000. Finally, Horan Securities Inc. acquired a new position in McDonald’s during the 4th quarter worth approximately $45,000. Institutional investors and hedge funds own 68.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on MCD shares. KeyCorp boosted their price objective on McDonald’s from $285.00 to $290.00 and gave the company an “overweight” rating in a report on Wednesday, July 27th. Guggenheim upped their price objective on shares of McDonald’s to $290.00 and gave the stock an “outperform” rating in a report on Wednesday, July 27th. BTIG Research reduced their price objective on shares of McDonald’s from $295.00 to $280.00 and set a “buy” rating for the company in a report on Tuesday, April 19th. Jefferies Financial Group lowered their target price on shares of McDonald’s from $306.00 to $298.00 and set a “buy” rating on the stock in a report on Wednesday, July 27th. Finally, Barclays cut their price target on McDonald’s from $289.00 to $285.00 and set an “overweight” rating for the company in a research note on Wednesday, July 27th. Seven equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $284.19.

Insider Transactions at McDonald’s

In related news, insider Ian Frederick Borden sold 5,320 shares of the business’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $265.00, for a total transaction of $1,409,800.00. Following the sale, the insider now directly owns 7,131 shares in the company, valued at approximately $1,889,715. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Chairman Enrique Hernandez, Jr. sold 4,500 shares of the stock in a transaction on Friday, July 29th. The stock was sold at an average price of $264.02, for a total value of $1,188,090.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Ian Frederick Borden sold 5,320 shares of McDonald’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $265.00, for a total value of $1,409,800.00. Following the sale, the insider now directly owns 7,131 shares of the company’s stock, valued at approximately $1,889,715. The disclosure for this sale can be found here. Insiders sold 20,191 shares of company stock valued at $5,250,365 over the last three months. Company insiders own 0.25% of the company’s stock.

McDonald’s Price Performance

Shares of NYSE MCD opened at $259.23 on Friday. The stock has a market capitalization of $191.71 billion, a PE ratio of 31.92, a P/E/G ratio of 3.18 and a beta of 0.56. McDonald’s Co. has a one year low of $217.68 and a one year high of $271.15. The business’s fifty day moving average price is $250.10 and its 200-day moving average price is $247.83.

McDonald’s (NYSE:MCDGet Rating) last released its quarterly earnings data on Tuesday, July 26th. The fast-food giant reported $2.55 EPS for the quarter, beating the consensus estimate of $2.47 by $0.08. McDonald’s had a net margin of 25.77% and a negative return on equity of 135.58%. The business had revenue of $5.72 billion for the quarter, compared to the consensus estimate of $5.82 billion. During the same period in the prior year, the firm earned $2.37 earnings per share. The company’s revenue was down 2.9% compared to the same quarter last year. As a group, equities analysts expect that McDonald’s Co. will post 9.8 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 16th. Shareholders of record on Thursday, September 1st will be given a dividend of $1.38 per share. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $5.52 annualized dividend and a dividend yield of 2.13%. McDonald’s’s dividend payout ratio is currently 67.98%.

About McDonald’s

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McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, wraps, fries, salads, oatmeal, shakes, desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including biscuit and bagel sandwiches, breakfast burritos, hotcakes, and other sandwiches.

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

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