McDonald’s Corporation (NYSE:MCD) Stake Maintained by Cypress Capital Management LLC WY

Cypress Capital Management LLC WY held its position in McDonald’s Corporation (NYSE:MCD) during the second quarter, Holdings Channel reports. The fund owned 1,251 shares of the fast-food giant’s stock at the end of the second quarter. Cypress Capital Management LLC WY’s holdings in McDonald’s Corporation were worth $192,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of MCD. Oakworth Capital Inc. increased its position in McDonald’s Corporation by 7.7% in the first quarter. Oakworth Capital Inc. now owns 4,977 shares of the fast-food giant’s stock valued at $645,000 after buying an additional 355 shares during the last quarter. Sterling Investment Management Inc. increased its position in McDonald’s Corporation by 4.9% in the first quarter. Sterling Investment Management Inc. now owns 11,486 shares of the fast-food giant’s stock valued at $1,489,000 after buying an additional 536 shares during the last quarter. Candriam Luxembourg S.C.A. increased its position in McDonald’s Corporation by 18.9% in the first quarter. Candriam Luxembourg S.C.A. now owns 92,407 shares of the fast-food giant’s stock valued at $11,977,000 after buying an additional 14,662 shares during the last quarter. Wealthfront Inc. increased its position in McDonald’s Corporation by 4.9% in the fourth quarter. Wealthfront Inc. now owns 27,042 shares of the fast-food giant’s stock valued at $3,292,000 after buying an additional 1,275 shares during the last quarter. Finally, Chesley Taft & Associates LLC increased its position in McDonald’s Corporation by 0.3% in the first quarter. Chesley Taft & Associates LLC now owns 34,485 shares of the fast-food giant’s stock valued at $4,470,000 after buying an additional 115 shares during the last quarter. Hedge funds and other institutional investors own 67.52% of the company’s stock.

Shares of McDonald’s Corporation (MCD) traded up 0.63% on Friday, hitting $157.61. 1,571,037 shares of the company traded hands. The stock has a market capitalization of $127.66 billion, a price-to-earnings ratio of 25.80 and a beta of 0.70. McDonald’s Corporation has a 1-year low of $110.33 and a 1-year high of $159.98. The firm’s 50 day moving average price is $154.78 and its 200-day moving average price is $140.35.

McDonald’s Corporation (NYSE:MCD) last announced its quarterly earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 EPS for the quarter, beating the consensus estimate of $1.62 by $0.08. The firm had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.96 billion. McDonald’s Corporation had a negative return on equity of 264.89% and a net margin of 21.00%. The business’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.45 earnings per share. On average, equities research analysts expect that McDonald’s Corporation will post $6.55 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, September 1st will be paid a dividend of $0.94 per share. The ex-dividend date is Wednesday, August 30th. This represents a $3.76 annualized dividend and a dividend yield of 2.40%. McDonald’s Corporation’s dividend payout ratio is currently 61.54%.

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Several equities analysts have recently weighed in on MCD shares. Nomura set a $172.00 target price on shares of McDonald’s Corporation and gave the stock a “buy” rating in a research note on Wednesday, July 19th. Wells Fargo & Company restated an “outperform” rating and issued a $175.00 price objective (up from $165.00) on shares of McDonald’s Corporation in a research report on Monday, June 26th. Royal Bank Of Canada set a $170.00 price objective on shares of McDonald’s Corporation and gave the company a “buy” rating in a research report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) set a $174.00 price objective on shares of McDonald’s Corporation and gave the company a “buy” rating in a research report on Thursday, July 27th. Finally, Barclays PLC raised their price objective on shares of McDonald’s Corporation from $139.00 to $155.00 and gave the company an “overweight” rating in a research report on Wednesday, April 26th. Thirteen equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $162.16.

In other news, insider Douglas M. Goare sold 17,286 shares of the firm’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $158.50, for a total transaction of $2,739,831.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Jerome N. Krulewitch sold 11,755 shares of the firm’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $158.38, for a total value of $1,861,756.90. Following the transaction, the executive vice president now owns 11,755 shares in the company, valued at approximately $1,861,756.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 54,363 shares of company stock worth $8,615,125. Insiders own 0.24% of the company’s stock.

About McDonald’s Corporation

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 Corporation (NYSE:MCD)

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