Cypress Asset Management Inc. TX Sells 307 Shares of McDonald’s Co. (NYSE:MCD)

Cypress Asset Management Inc. TX trimmed its position in McDonald’s Co. (NYSE:MCD) by 4.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 7,433 shares of the fast-food giant’s stock after selling 307 shares during the period. Cypress Asset Management Inc. TX’s holdings in McDonald’s were worth $2,166,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of MCD. Dixon Mitchell Investment Counsel Inc. bought a new position in McDonald’s during the 1st quarter worth $28,000. Signature Resources Capital Management LLC bought a new position in McDonald’s during the 4th quarter worth $31,000. Clear Investment Research LLC bought a new position in McDonald’s during the 4th quarter worth $38,000. Keener Financial Planning LLC bought a new position in McDonald’s during the 4th quarter worth $39,000. Finally, Atlantic Edge Private Wealth Management LLC acquired a new stake in McDonald’s during the 4th quarter worth about $39,000. 70.29% of the stock is owned by institutional investors.

Insider Buying and Selling

In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of the business’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total transaction of $371,893.48. Following the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $387,285.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Marion K. Gross sold 1,498 shares of the business’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total transaction of $371,893.48. Following the completion of the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $387,285.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $260.00, for a total transaction of $285,740.00. Following the transaction, the insider now owns 13,681 shares of the company’s stock, valued at $3,557,060. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,594 shares of company stock valued at $1,454,507. 0.23% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on MCD. UBS Group decreased their price target on McDonald’s from $340.00 to $335.00 and set a “buy” rating for the company in a report on Friday, April 5th. BMO Capital Markets decreased their price target on McDonald’s from $330.00 to $315.00 and set an “outperform” rating for the company in a report on Tuesday. Robert W. Baird decreased their price target on McDonald’s from $305.00 to $300.00 and set an “outperform” rating for the company in a report on Wednesday, May 1st. The Goldman Sachs Group began coverage on McDonald’s in a report on Thursday, June 13th. They set a “neutral” rating and a $288.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on McDonald’s from $295.00 to $290.00 and set a “buy” rating for the company in a report on Tuesday. Eleven analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $303.00.

McDonald’s Stock Performance

Shares of McDonald’s stock traded up $7.94 during mid-day trading on Friday, hitting $276.69. 9,585,900 shares of the stock were exchanged, compared to its average volume of 4,294,537. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $302.39. The company has a 50-day simple moving average of $255.91 and a 200 day simple moving average of $272.90. The company has a market capitalization of $199.40 billion, a P/E ratio of 23.49, a P/E/G ratio of 3.58 and a beta of 0.71.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Monday, July 29th. The fast-food giant reported $2.97 EPS for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). The company had revenue of $6.49 billion during the quarter, compared to the consensus estimate of $6.62 billion. McDonald’s had a negative return on equity of 178.92% and a net margin of 32.25%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period last year, the firm posted $3.17 EPS. Analysts predict that McDonald’s Co. will post 11.71 EPS for the current year.

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be issued a $1.67 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.41%. McDonald’s’s dividend payout ratio (DPR) is presently 56.71%.

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.