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

Cypress Asset Management Inc. TX purchased a new stake in McDonald's Co. (NYSE:MCD - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 7,740 shares of the fast-food giant's stock, valued at approximately $2,295,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of MCD. Norges Bank acquired a new stake in shares of McDonald's during the 4th quarter worth about $2,684,899,000. International Assets Investment Management LLC increased its position in shares of McDonald's by 10,702.5% during the 4th quarter. International Assets Investment Management LLC now owns 2,174,426 shares of the fast-food giant's stock worth $644,739,000 after purchasing an additional 2,154,297 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in shares of McDonald's during the 3rd quarter worth about $192,165,000. Barclays PLC increased its position in shares of McDonald's by 16.7% during the 3rd quarter. Barclays PLC now owns 2,997,877 shares of the fast-food giant's stock worth $789,762,000 after purchasing an additional 429,000 shares in the last quarter. Finally, Winslow Capital Management LLC increased its position in shares of McDonald's by 39.6% during the 3rd quarter. Winslow Capital Management LLC now owns 1,306,329 shares of the fast-food giant's stock worth $344,139,000 after purchasing an additional 370,699 shares in the last quarter. Institutional investors own 70.29% of the company's stock.

McDonald's Trading Down 2.9 %

Shares of NYSE MCD traded down $7.78 during midday trading on Thursday, reaching $257.99. The company's stock had a trading volume of 5,631,523 shares, compared to its average volume of 3,297,210. The stock has a market capitalization of $185.93 billion, a price-to-earnings ratio of 21.90, a PEG ratio of 3.00 and a beta of 0.71. McDonald's Co. has a fifty-two week low of $245.73 and a fifty-two week high of $302.39. The stock has a 50 day simple moving average of $273.21 and a 200-day simple moving average of $283.34.

McDonald's (NYSE:MCD - Get Free Report) last issued its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing analysts' consensus estimates of $2.71 by ($0.01). The firm had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.16 billion. McDonald's had a negative return on equity of 180.74% and a net margin of 33.36%. McDonald's's quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.63 earnings per share. As a group, equities analysts anticipate that McDonald's Co. will post 12.17 EPS for the current year.

McDonald's Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be issued a dividend of $1.67 per share. The ex-dividend date is Monday, June 3rd. This represents a $6.68 dividend on an annualized basis and a yield of 2.59%. McDonald's's payout ratio is 56.71%.

Insider Buying and Selling

In related news, EVP Jonathan Banner sold 800 shares of the business's stock in a transaction on Friday, May 10th. The shares were sold at an average price of $275.02, for a total transaction of $220,016.00. Following the transaction, the executive vice president now directly owns 19 shares in the company, valued at $5,225.38. The sale was disclosed in a filing with the SEC, which is available through this link. In other McDonald's news, EVP Jonathan Banner sold 800 shares of McDonald's stock in a transaction on Friday, May 10th. The shares were sold at an average price of $275.02, for a total transaction of $220,016.00. Following the completion of the transaction, the executive vice president now directly owns 19 shares of the company's stock, valued at $5,225.38. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of McDonald's stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total transaction of $303,750.72. Following the transaction, the insider now directly owns 16,977 shares of the company's stock, valued at $4,696,517.28. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,997 shares of company stock worth $836,300. Insiders own 0.23% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on MCD shares. StockNews.com cut shares of McDonald's from a "buy" rating to a "hold" rating in a research report on Friday, February 9th. Guggenheim lowered their price objective on shares of McDonald's from $325.00 to $315.00 and set a "buy" rating for the company in a research report on Thursday, May 2nd. Robert W. Baird lowered their price objective on shares of McDonald's from $305.00 to $300.00 and set an "outperform" rating for the company in a research report on Wednesday, May 1st. KeyCorp lowered their price objective on shares of McDonald's from $315.00 to $310.00 and set an "overweight" rating for the company in a research report on Wednesday, May 1st. Finally, BTIG Research cut shares of McDonald's from a "buy" rating to a "neutral" rating in a research report on Tuesday, February 6th. Nine analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $317.74.

McDonald's Profile

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.