Cypress Asset Management Inc. TX Takes $2.18 Million Position in McDonald's Co. (NYSE:MCD)

Cypress Asset Management Inc. TX bought a new stake in McDonald's Co. (NYSE:MCD - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 7,425 shares of the fast-food giant's stock, valued at approximately $2,181,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MCD. Mattern Capital Management LLC increased its holdings in shares of McDonald's by 2.0% in the 4th quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant's stock worth $8,729,000 after buying an additional 579 shares during the last quarter. Bell Bank grew its holdings in McDonald's by 3.0% in the 4th quarter. Bell Bank now owns 12,699 shares of the fast-food giant's stock worth $3,681,000 after acquiring an additional 371 shares during the last quarter. YANKCOM Partnership bought a new stake in McDonald's in the 4th quarter worth $1,628,000. Integral Investment Advisors Inc. grew its holdings in McDonald's by 2.6% in the 4th quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant's stock worth $1,888,000 after acquiring an additional 164 shares during the last quarter. Finally, Aviva PLC grew its holdings in McDonald's by 5.6% in the 4th quarter. Aviva PLC now owns 432,406 shares of the fast-food giant's stock worth $125,350,000 after acquiring an additional 23,024 shares during the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at McDonald's

In related news, EVP Tiffanie L. Boyd sold 1,000 shares of the company's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $309.27, for a total transaction of $309,270.00. Following the sale, the executive vice president now owns 5,564 shares of the company's stock, valued at $1,720,778.28. This represents a 15.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $315.07, for a total transaction of $295,850.73. Following the sale, the insider now directly owns 11,161 shares in the company, valued at approximately $3,516,496.27. The trade was a 7.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,878 shares of company stock valued at $904,192 over the last 90 days. 0.25% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on MCD shares. BTIG Research reaffirmed a "neutral" rating on shares of McDonald's in a research report on Tuesday, April 22nd. Morgan Stanley lowered their price target on shares of McDonald's from $340.00 to $335.00 and set an "overweight" rating for the company in a research report on Monday, March 17th. JPMorgan Chase & Co. lifted their price target on shares of McDonald's from $280.00 to $300.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. BMO Capital Markets reaffirmed an "outperform" rating and issued a $345.00 target price (up from $340.00) on shares of McDonald's in a report on Monday, May 5th. Finally, Robert W. Baird lifted their target price on shares of McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Twelve analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $325.91.

McDonald's Stock Performance

Shares of MCD traded down $2.09 during mid-day trading on Wednesday, reaching $312.86. The stock had a trading volume of 1,933,308 shares, compared to its average volume of 3,531,653. The firm has a market cap of $223.71 billion, a price-to-earnings ratio of 27.47, a PEG ratio of 3.10 and a beta of 0.57. McDonald's Co. has a 12 month low of $243.53 and a 12 month high of $326.32. The business has a fifty day moving average of $311.99 and a 200 day moving average of $301.75.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, hitting analysts' consensus estimates of $2.67. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. The business had revenue of $5.96 billion during the quarter, compared to analyst estimates of $6.17 billion. During the same period in the prior year, the business posted $2.70 earnings per share. The company's revenue was down 3.5% on a year-over-year basis. On average, research analysts forecast 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, June 16th. Investors of record on Monday, June 2nd will be given a dividend of $1.77 per share. The ex-dividend date is Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.26%. McDonald's's dividend payout ratio is 62.49%.

McDonald's Company 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.