Cypress Capital Group Has $7.84 Million Stock Position in McDonald’s Co. (NYSE:MCD)

Cypress Capital Group cut its holdings in shares of McDonald’s Co. (NYSE:MCD) by 2.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,747 shares of the fast-food giant’s stock after selling 692 shares during the quarter. McDonald’s accounts for about 0.9% of Cypress Capital Group’s investment portfolio, making the stock its 26th largest holding. Cypress Capital Group’s holdings in McDonald’s were worth $7,840,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of MCD. Quent Capital LLC raised its holdings in shares of McDonald’s by 10.4% in the 1st quarter. Quent Capital LLC now owns 3,006 shares of the fast-food giant’s stock worth $848,000 after buying an additional 282 shares in the last quarter. Rodgers Brothers Inc. lifted its holdings in McDonald’s by 53.3% during the 1st quarter. Rodgers Brothers Inc. now owns 1,869 shares of the fast-food giant’s stock valued at $527,000 after purchasing an additional 650 shares during the last quarter. Capital Group Investment Management PTE. LTD. raised its stake in shares of McDonald’s by 102.8% in the first quarter. Capital Group Investment Management PTE. LTD. now owns 3,635 shares of the fast-food giant’s stock valued at $1,025,000 after acquiring an additional 1,843 shares during the last quarter. Capital International Inc. CA increased its holdings in McDonald’s by 122.5% during the 1st quarter. Capital International Inc. CA now owns 19,089 shares of the fast-food giant’s stock valued at $5,382,000 after purchasing an additional 10,510 shares in the last quarter. Finally, Capital International Sarl boosted its stake in McDonald’s by 120.8% in the first quarter. Capital International Sarl now owns 20,882 shares of the fast-food giant’s stock worth $5,888,000 after purchasing an additional 11,425 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Bank of America upped their price target on shares of McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. UBS Group raised their price target on shares of McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Wedbush restated an “outperform” rating and issued a $295.00 price objective on shares of McDonald’s in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft decreased their price objective on McDonald’s from $295.00 to $290.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Finally, Evercore ISI boosted their target price on McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Thirteen equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $319.46.

McDonald’s Trading Up 0.1 %

NYSE MCD opened at $290.89 on Thursday. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The stock has a 50 day moving average of $300.06 and a 200-day moving average of $277.84. The company has a market cap of $208.46 billion, a PE ratio of 25.54, a PEG ratio of 3.87 and a beta of 0.74.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, beating analysts’ consensus estimates of $3.18 by $0.05. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The company had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same quarter last year, the firm posted $3.19 EPS. The company’s quarterly revenue was up 2.7% on a year-over-year basis. As a group, sell-side analysts predict that McDonald’s Co. will post 11.77 EPS for the current fiscal year.

McDonald’s Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.43%. This is a boost from McDonald’s’s previous quarterly dividend of $1.67. The ex-dividend date of this dividend is Monday, December 2nd. McDonald’s’s dividend payout ratio (DPR) is presently 58.65%.

Insider Buying and Selling

In other news, CEO Christopher J. Kempczinski sold 11,727 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $300.03, for a total transaction of $3,518,451.81. Following the completion of the sale, the chief executive officer now directly owns 49,885 shares in the company, valued at approximately $14,966,996.55. This represents a 19.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CMO Edith Morgan Flatley sold 2,346 shares of the business’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $310.00, for a total value of $727,260.00. Following the completion of the transaction, the chief marketing officer now directly owns 2,905 shares of the company’s stock, valued at approximately $900,550. This trade represents a 44.68 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,596 shares of company stock valued at $10,698,289. 0.23% of the stock is owned by insiders.

About McDonald’s

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.