Oxbow Advisors LLC Acquires 544 Shares of McDonald’s Co. (NYSE:MCD)

Oxbow Advisors LLC increased its holdings in shares of McDonald’s Co. (NYSE:MCD) by 2.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 24,413 shares of the fast-food giant’s stock after purchasing an additional 544 shares during the quarter. Oxbow Advisors LLC’s holdings in McDonald’s were worth $7,077,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Mattern Capital Management LLC increased its position in McDonald’s by 2.0% during the fourth quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant’s stock worth $8,729,000 after acquiring an additional 579 shares during the period. Kennebec Savings Bank bought a new position in McDonald’s during the third quarter worth about $1,394,000. YANKCOM Partnership bought a new position in McDonald’s during the fourth quarter worth about $1,628,000. Charles Schwab Investment Management Inc. increased its position in McDonald’s by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock worth $1,694,403,000 after acquiring an additional 49,106 shares during the period. Finally, PFW Advisors LLC bought a new position in McDonald’s during the fourth quarter worth about $2,471,000. 70.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. TD Cowen reiterated a “hold” rating and set a $300.00 price objective on shares of McDonald’s in a research note on Tuesday, October 29th. KeyCorp increased their price objective on shares of McDonald’s from $320.00 to $335.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. TD Securities reiterated a “hold” rating and set a $300.00 price objective on shares of McDonald’s in a research note on Monday, February 10th. Finally, Wedbush increased their price objective on shares of McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Ten analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $323.61.

McDonald’s Price Performance

Shares of NYSE MCD opened at $304.76 on Friday. The company has a 50 day simple moving average of $292.61 and a 200 day simple moving average of $293.76. The firm has a market cap of $218.40 billion, a PE ratio of 26.76, a price-to-earnings-growth ratio of 3.10 and a beta of 0.74. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.83. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. As a group, research analysts anticipate that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a dividend of $1.77 per share. The ex-dividend date is Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.32%. McDonald’s’s payout ratio is 62.16%.

Insiders Place Their Bets

In other McDonald’s news, EVP Marion K. Gross sold 1,099 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $304.60, for a total transaction of $334,755.40. Following the completion of the transaction, the executive vice president now owns 1,560 shares in the company, valued at approximately $475,176. This trade represents a 41.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 9,675 shares of the company’s stock, valued at approximately $2,807,201.25. The trade was a 26.05 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,205 shares of company stock worth $6,703,569. 0.23% of the stock is currently owned by insiders.

McDonald’s Company 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.