Cypress Capital LLC Has $2.38 Million Position in McDonald’s Co. (NYSE:MCD)

Cypress Capital LLC reduced its stake in shares of McDonald’s Co. (NYSE:MCD) by 0.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,215 shares of the fast-food giant’s stock after selling 65 shares during the quarter. Cypress Capital LLC’s holdings in McDonald’s were worth $2,381,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in MCD. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of McDonald’s by 542.9% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 801,858 shares of the fast-food giant’s stock worth $244,174,000 after purchasing an additional 677,139 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of McDonald’s during the third quarter worth approximately $121,254,000. Zurich Insurance Group Ltd FI boosted its holdings in shares of McDonald’s by 3,580.1% during the third quarter. Zurich Insurance Group Ltd FI now owns 268,650 shares of the fast-food giant’s stock worth $81,807,000 after purchasing an additional 261,350 shares during the period. Strategic Financial Concepts LLC lifted its stake in McDonald’s by 26,948.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 227,752 shares of the fast-food giant’s stock valued at $66,023,000 after acquiring an additional 226,910 shares during the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new stake in McDonald’s in the fourth quarter valued at approximately $64,805,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on MCD shares. Loop Capital reiterated a “buy” rating and issued a $342.00 target price on shares of McDonald’s in a research note on Friday, January 3rd. Wedbush lifted their target price on shares of McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Morgan Stanley lifted their target price on shares of McDonald’s from $336.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Citigroup lifted their target price on shares of McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Finally, Robert W. Baird lifted their target price on shares of McDonald’s from $305.00 to $310.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. Ten research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $323.61.

McDonald’s Trading Up 0.6 %

Shares of MCD stock opened at $304.76 on Friday. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90. The firm’s fifty day simple moving average is $292.61 and its 200 day simple moving average is $293.76. The firm has a market capitalization of $218.40 billion, a P/E ratio of 26.76, a price-to-earnings-growth ratio of 3.10 and a beta of 0.74.

McDonald’s (NYSE:MCD) last announced its earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.83. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. Equities research analysts anticipate that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is currently 62.16%.

Insider Buying and Selling

In other McDonald’s news, EVP Marion K. Gross sold 1,099 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $304.60, for a total value of $334,755.40. Following the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at $475,176. The trade was a 41.33 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 300 shares of the business’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total transaction of $84,225.00. Following the completion of the sale, the insider now directly owns 7,887 shares in the company, valued at $2,214,275.25. This trade represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,205 shares of company stock valued at $6,703,569. 0.23% of the stock is owned by company insiders.

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.