Oarsman Capital Inc. Cuts Stake in McDonald’s Corporation $MCD

Oarsman Capital Inc. reduced its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 2.4% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 2,805 shares of the fast-food giant’s stock after selling 68 shares during the quarter. Oarsman Capital Inc.’s holdings in McDonald’s were worth $876,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Cascade Investment Group Inc. acquired a new position in McDonald’s during the first quarter valued at $211,000. Truvestments Capital LLC lifted its position in McDonald’s by 25.9% during the first quarter. Truvestments Capital LLC now owns 777 shares of the fast-food giant’s stock valued at $243,000 after purchasing an additional 160 shares during the period. Wealth Preservation Advisors LLC purchased a new position in McDonald’s in the first quarter valued at $362,000. B. Metzler seel. Sohn & Co. AG increased its holdings in McDonald’s by 6.2% in the first quarter. B. Metzler seel. Sohn & Co. AG now owns 415,251 shares of the fast-food giant’s stock valued at $129,711,000 after buying an additional 24,074 shares in the last quarter. Finally, RB Capital Management LLC increased its holdings in McDonald’s by 1.0% in the first quarter. RB Capital Management LLC now owns 6,682 shares of the fast-food giant’s stock valued at $2,087,000 after buying an additional 66 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Trading Down 0.5%

Shares of NYSE:MCD opened at $311.52 on Thursday. McDonald’s Corporation has a 52 week low of $276.53 and a 52 week high of $326.32. The company’s 50 day moving average is $300.22 and its two-hundred day moving average is $306.14. The company has a market cap of $222.30 billion, a PE ratio of 26.69, a P/E/G ratio of 3.19 and a beta of 0.52.

McDonald’s (NYSE:MCD) last issued its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.04. The business had revenue of $6.84 billion during the quarter, compared to analysts’ expectations of $6.68 billion. McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.97 EPS. As a group, equities research analysts expect that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be issued a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Tuesday, September 2nd. McDonald’s’s dividend payout ratio (DPR) is currently 60.67%.

Analyst Ratings Changes

MCD has been the subject of a number of recent analyst reports. TD Securities reaffirmed a “hold” rating and issued a $305.00 price objective on shares of McDonald’s in a report on Thursday, June 5th. Morgan Stanley boosted their target price on shares of McDonald’s from $324.00 to $326.00 and gave the stock an “equal weight” rating in a research note on Monday, July 14th. BMO Capital Markets reissued an “outperform” rating and set a $350.00 target price (up previously from $345.00) on shares of McDonald’s in a research note on Thursday, August 7th. Melius began coverage on shares of McDonald’s in a research report on Monday, July 14th. They set a “sell” rating and a $250.00 price target on the stock. Finally, Citigroup boosted their price target on shares of McDonald’s from $364.00 to $365.00 and gave the stock a “buy” rating in a research report on Wednesday, July 9th. Thirteen research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $326.38.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 939 shares of the firm’s stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total transaction of $281,221.11. Following the completion of the transaction, the insider directly owned 9,283 shares in the company, valued at approximately $2,780,165.67. This trade represents a 9.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Jonathan Banner sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total transaction of $310,000.00. Following the transaction, the executive vice president owned 99 shares of the company’s stock, valued at $30,690. This trade represents a 90.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,341 shares of company stock valued at $2,229,327. Insiders own 0.25% of the company’s stock.

McDonald’s Profile

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.