McDonald’s Corporation $MCD Shares Sold by Cypress Capital Group

Cypress Capital Group lessened its holdings in McDonald’s Corporation (NYSE:MCD) by 0.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,865 shares of the fast-food giant’s stock after selling 105 shares during the quarter. Cypress Capital Group’s holdings in McDonald’s were worth $6,973,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Stephens Consulting LLC increased its holdings in McDonald’s by 9.2% in the 2nd quarter. Stephens Consulting LLC now owns 499 shares of the fast-food giant’s stock worth $146,000 after buying an additional 42 shares during the period. Bill Few Associates Inc. increased its holdings in McDonald’s by 5.9% in the 2nd quarter. Bill Few Associates Inc. now owns 3,705 shares of the fast-food giant’s stock worth $1,082,000 after buying an additional 207 shares during the period. MOKAN Wealth Management Inc. boosted its position in McDonald’s by 8.7% in the 2nd quarter. MOKAN Wealth Management Inc. now owns 11,884 shares of the fast-food giant’s stock worth $3,473,000 after purchasing an additional 951 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its position in McDonald’s by 33.6% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 680 shares of the fast-food giant’s stock worth $198,000 after purchasing an additional 171 shares in the last quarter. Finally, Almanack Investment Partners LLC. boosted its position in McDonald’s by 25.5% in the 2nd quarter. Almanack Investment Partners LLC. now owns 3,038 shares of the fast-food giant’s stock worth $888,000 after purchasing an additional 618 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Stock Performance

NYSE MCD opened at $297.07 on Monday. The business has a fifty day moving average price of $306.31 and a 200 day moving average price of $305.69. McDonald’s Corporation has a one year low of $276.53 and a one year high of $326.32. The company has a market cap of $211.99 billion, a P/E ratio of 25.46, a P/E/G ratio of 3.12 and a beta of 0.50.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, beating the consensus estimate of $3.15 by $0.04. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The firm had revenue of $6.84 billion during the quarter, compared to the consensus estimate of $6.68 billion. During the same period in the prior year, the company earned $2.97 EPS. The firm’s revenue was up 5.4% compared to the same quarter last year. As a group, sell-side analysts predict that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were paid a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Tuesday, September 2nd. McDonald’s’s dividend payout ratio is currently 60.67%.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Weiss Ratings restated a “buy (b)” rating on shares of McDonald’s in a research report on Wednesday, October 8th. Stifel Nicolaus upped their price objective on McDonald’s from $300.00 to $315.00 and gave the stock a “hold” rating in a research report on Friday, August 22nd. Guggenheim lowered their price objective on McDonald’s from $310.00 to $295.00 and set a “neutral” rating on the stock in a research report on Friday. Piper Sandler upped their price objective on McDonald’s from $314.00 to $325.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. Finally, Melius assumed coverage on McDonald’s in a research report on Monday, July 14th. They issued a “sell” rating and a $250.00 price objective on the stock. Eleven investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $325.18.

Insider Transactions at McDonald’s

In related news, EVP Jonathan Banner sold 1,000 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total value of $310,000.00. Following the completion of the transaction, the executive vice president directly owned 99 shares of the company’s stock, valued at approximately $30,690. This represents a 90.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total value of $770,970.00. Following the completion of the transaction, the executive vice president directly owned 8,754 shares of the company’s stock, valued at approximately $2,713,740. This represents a 22.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,402 shares of company stock valued at $1,973,407 in the last 90 days. 0.25% of the stock is owned by company insiders.

About McDonald’s

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.