Cypress Wealth Services LLC Buys New Stake in McDonald's Co. (MCD)

Cypress Wealth Services LLC bought a new stake in shares of McDonald's Co. (NYSE:MCD) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 27,533 shares of the fast-food giant’s stock, valued at approximately $4,739,000. McDonald's accounts for 2.0% of Cypress Wealth Services LLC’s holdings, making the stock its 10th biggest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in MCD. Janus Henderson Group PLC boosted its position in shares of McDonald's by 3,951.0% in the second quarter. Janus Henderson Group PLC now owns 4,422,423 shares of the fast-food giant’s stock worth $677,339,000 after purchasing an additional 4,313,253 shares during the period. FMR LLC boosted its position in shares of McDonald's by 72.9% in the second quarter. FMR LLC now owns 8,371,823 shares of the fast-food giant’s stock worth $1,282,229,000 after purchasing an additional 3,530,622 shares during the period. Alliancebernstein L.P. boosted its position in shares of McDonald's by 69.9% in the second quarter. Alliancebernstein L.P. now owns 7,558,294 shares of the fast-food giant’s stock worth $1,157,628,000 after purchasing an additional 3,110,669 shares during the period. Jennison Associates LLC boosted its position in shares of McDonald's by 26.5% in the fourth quarter. Jennison Associates LLC now owns 8,820,228 shares of the fast-food giant’s stock worth $1,518,138,000 after purchasing an additional 1,848,111 shares during the period. Finally, BlackRock Inc. boosted its position in shares of McDonald's by 3.0% in the second quarter. BlackRock Inc. now owns 54,606,388 shares of the fast-food giant’s stock worth $8,363,515,000 after purchasing an additional 1,586,761 shares during the period. Institutional investors own 68.51% of the company’s stock.

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In related news, VP Catherine A. Hoovel sold 1,398 shares of the company’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $170.54, for a total transaction of $238,414.92. Following the sale, the vice president now owns 1,398 shares of the company’s stock, valued at $238,414.92. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Douglas M. Goare sold 34,575 shares of the company’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $173.53, for a total transaction of $5,999,799.75. The disclosure for this sale can be found here. 0.24% of the stock is owned by corporate insiders.

MCD has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of McDonald's from a “hold” rating to a “buy” rating and set a $196.00 price target for the company in a research report on Thursday, January 18th. Stifel Nicolaus set a $172.00 price target on shares of McDonald's and gave the stock a “neutral” rating in a research report on Wednesday, January 3rd. Piper Jaffray Companies upped their price target on shares of McDonald's from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, December 14th. Goldman Sachs set a $200.00 price target on shares of McDonald's and gave the stock a “buy” rating in a research report on Friday, January 19th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $175.00 price target (down from $191.00) on shares of McDonald's in a research report on Tuesday, March 6th. Nine investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $182.55.

Shares of McDonald's Co. (NYSE MCD) opened at $154.98 on Monday. The stock has a market cap of $123,131.30, a price-to-earnings ratio of 24.37, a P/E/G ratio of 2.34 and a beta of 0.65. The company has a debt-to-equity ratio of -9.04, a quick ratio of 1.82 and a current ratio of 1.84. McDonald's Co. has a 12 month low of $128.60 and a 12 month high of $178.70.

McDonald's (NYSE:MCD) last released its quarterly earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.12. The company had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.22 billion. McDonald's had a net margin of 22.75% and a negative return on equity of 201.76%. McDonald's’s revenue was down 11.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.44 earnings per share. equities analysts forecast that McDonald's Co. will post 7.59 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, March 1st were paid a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend was Wednesday, February 28th. McDonald's’s payout ratio is 63.52%.

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McDonald's Profile

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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