Oxbow Advisors LLC Purchases 431 Shares of McDonald’s Corporation $MCD

Oxbow Advisors LLC lifted its holdings in shares of McDonald’s Corporation (NYSE:MCD) by 1.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,313 shares of the fast-food giant’s stock after purchasing an additional 431 shares during the period. McDonald’s accounts for about 0.8% of Oxbow Advisors LLC’s portfolio, making the stock its 27th biggest position. Oxbow Advisors LLC’s holdings in McDonald’s were worth $7,396,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. HFM Investment Advisors LLC bought a new stake in McDonald’s in the first quarter valued at $26,000. Nova Wealth Management Inc. acquired a new position in McDonald’s during the 1st quarter worth approximately $26,000. GFG Capital LLC bought a new position in McDonald’s in the second quarter worth approximately $29,000. Abound Financial LLC bought a new stake in shares of McDonald’s during the first quarter valued at approximately $30,000. Finally, Redmont Wealth Advisors LLC acquired a new position in shares of McDonald’s during the first quarter valued at about $31,000. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Price Performance

Shares of MCD opened at $305.33 on Friday. The firm’s 50 day simple moving average is $306.24 and its 200 day simple moving average is $305.58. The company has a market capitalization of $217.88 billion, a P/E ratio of 26.16, a P/E/G ratio of 3.22 and a beta of 0.50. McDonald’s Corporation has a 1-year low of $276.53 and a 1-year high of $326.32.

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

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were paid a $1.77 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $7.08 annualized dividend and a yield of 2.3%. McDonald’s’s payout ratio is currently 60.67%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. The Goldman Sachs Group upgraded shares of McDonald’s from a “neutral” rating to a “buy” rating and set a $345.00 target price for the company in a research note on Thursday, July 10th. Guggenheim dropped their price objective on McDonald’s from $310.00 to $295.00 and set a “neutral” rating on the stock in a research note on Friday, October 10th. Bank of America reduced their price objective on McDonald’s from $327.00 to $322.00 and set a “neutral” rating for the company in a report on Friday, July 18th. Melius assumed coverage on 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, Weiss Ratings restated a “buy (b)” rating on shares of McDonald’s in a research note on Wednesday, October 8th. Eleven equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $324.27.

Insider Buying and Selling at McDonald’s

In other news, EVP Desiree Ralls-Morrison sold 2,487 shares of McDonald’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total value of $770,970.00. Following the transaction, the executive vice president owned 8,754 shares in the company, valued at approximately $2,713,740. The trade was a 22.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jonathan Banner sold 1,000 shares of the stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total value of $310,000.00. Following the sale, the executive vice president owned 99 shares of the company’s stock, valued at $30,690. This represents a 90.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,402 shares of company stock valued at $1,973,407. Corporate insiders own 0.25% of the company’s stock.

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.