Oxler Private Wealth LLC Raises Stake in McDonald’s Co. (NYSE:MCD)

Oxler Private Wealth LLC grew its position in McDonald’s Co. (NYSE:MCD) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,241 shares of the fast-food giant’s stock after purchasing an additional 37 shares during the quarter. Oxler Private Wealth LLC’s holdings in McDonald’s were worth $1,809,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Legacy Investment Solutions LLC bought a new position in McDonald’s in the 3rd quarter worth approximately $25,000. RPg Family Wealth Advisory LLC bought a new stake in shares of McDonald’s during the third quarter valued at approximately $31,000. Hara Capital LLC purchased a new position in shares of McDonald’s in the third quarter worth $44,000. Peterson Financial Group Inc. bought a new position in shares of McDonald’s during the third quarter worth $58,000. Finally, FSA Wealth Management LLC purchased a new position in McDonald’s during the third quarter valued at $72,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $290.15, for a total transaction of $989,121.35. Following the completion of the sale, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at $2,807,201.25. The trade was a 26.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $292.50, for a total value of $321,457.50. Following the transaction, the insider now directly owns 9,286 shares in the company, valued at $2,716,155. The trade was a 10.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,406 shares of company stock valued at $2,150,857 in the last three months. Company insiders own 0.23% of the company’s stock.

McDonald’s Stock Down 0.5 %

MCD opened at $288.83 on Friday. The business has a fifty day moving average of $291.15 and a 200 day moving average of $289.25. The stock has a market cap of $206.98 billion, a P/E ratio of 25.36, a PEG ratio of 3.85 and a beta of 0.73. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90.

McDonald’s (NYSE:MCD) last issued its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.18 by $0.05. The firm had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The business’s revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $3.19 earnings per share. Equities analysts anticipate that McDonald’s Co. will post 11.68 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on MCD shares. BMO Capital Markets boosted their price target on shares of McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Wells Fargo & Company boosted their target price on McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Evercore ISI raised their price target on McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Wedbush reaffirmed an “outperform” rating and issued a $295.00 price objective on shares of McDonald’s in a research note on Wednesday, October 23rd. Finally, Loop Capital reiterated a “buy” rating and set a $342.00 target price on shares of McDonald’s in a research report on Friday, January 3rd. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $320.87.

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.