Oxbow Advisors LLC Acquires 2,205 Shares of McDonald’s Co. (NYSE:MCD)

Oxbow Advisors LLC lifted its holdings in McDonald’s Co. (NYSE:MCD) by 10.3% in the second quarter, HoldingsChannel reports. The fund owned 23,516 shares of the fast-food giant’s stock after buying an additional 2,205 shares during the period. Oxbow Advisors LLC’s holdings in McDonald’s were worth $5,993,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Dixon Mitchell Investment Counsel Inc. bought a new position in shares of McDonald’s during the first quarter valued at about $28,000. Clear Investment Research LLC bought a new position in McDonald’s during the 4th quarter worth approximately $38,000. Kings Path Partners LLC bought a new position in McDonald’s during the 2nd quarter worth approximately $38,000. Atlantic Edge Private Wealth Management LLC purchased a new position in McDonald’s in the 4th quarter worth approximately $39,000. Finally, Accent Capital Management LLC purchased a new stake in shares of McDonald’s during the fourth quarter valued at approximately $44,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

MCD has been the subject of a number of analyst reports. Guggenheim increased their target price on shares of McDonald’s from $280.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. KeyCorp dropped their price objective on McDonald’s from $310.00 to $305.00 and set an “overweight” rating for the company in a report on Tuesday, July 30th. Evercore ISI boosted their target price on McDonald’s from $300.00 to $320.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. Wedbush reaffirmed an “outperform” rating and issued a $295.00 price target on shares of McDonald’s in a research note on Monday, July 29th. Finally, Loop Capital reduced their price objective on shares of McDonald’s from $357.00 to $342.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Eleven research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat, McDonald’s currently has a consensus rating of “Moderate Buy” and a consensus target price of $303.89.

Insider Activity at McDonald’s

In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of McDonald’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total value of $371,893.48. Following the completion of the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $387,285.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $260.00, for a total value of $285,740.00. Following the transaction, the insider now owns 13,681 shares in the company, valued at approximately $3,557,060. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Marion K. Gross sold 1,498 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total transaction of $371,893.48. Following the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at $387,285.60. The disclosure for this sale can be found here. Insiders have sold a total of 6,291 shares of company stock worth $1,689,073 over the last quarter. Company insiders own 0.23% of the company’s stock.

McDonald’s Trading Up 0.5 %

NYSE:MCD traded up $1.54 on Friday, reaching $289.51. 3,863,559 shares of the stock traded hands, compared to its average volume of 3,505,613. The company has a market capitalization of $208.64 billion, a price-to-earnings ratio of 24.58, a PEG ratio of 3.86 and a beta of 0.72. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $302.39. The company’s fifty day simple moving average is $268.64 and its 200 day simple moving average is $270.91.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share for the quarter, missing the consensus estimate of $3.07 by ($0.10). The business had revenue of $6.49 billion during the quarter, compared to analysts’ expectations of $6.62 billion. McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.17 EPS. Equities analysts anticipate that McDonald’s Co. will post 11.67 EPS for the current fiscal year.

McDonald’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be issued a dividend of $1.67 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $6.68 annualized dividend and a dividend yield of 2.31%. McDonald’s’s payout ratio is 56.71%.

McDonald’s Company 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.