Oxler Private Wealth LLC Reduces Stake in McDonald's Co. (NYSE:MCD)

Oxler Private Wealth LLC cut its holdings in shares of McDonald's Co. (NYSE:MCD - Free Report) by 68.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,893 shares of the fast-food giant's stock after selling 4,164 shares during the quarter. Oxler Private Wealth LLC's holdings in McDonald's were worth $561,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Fiducient Advisors LLC bought a new position in McDonald's in the third quarter worth $445,000. Corient Private Wealth LLC boosted its position in shares of McDonald's by 2.4% during the 3rd quarter. Corient Private Wealth LLC now owns 1,253,994 shares of the fast-food giant's stock valued at $330,369,000 after acquiring an additional 29,473 shares in the last quarter. Virginia Wealth Management Group Inc. boosted its position in shares of McDonald's by 0.5% during the 3rd quarter. Virginia Wealth Management Group Inc. now owns 16,825 shares of the fast-food giant's stock valued at $4,432,000 after acquiring an additional 83 shares in the last quarter. Signaturefd LLC lifted its stake in McDonald's by 5.9% during the third quarter. Signaturefd LLC now owns 17,050 shares of the fast-food giant's stock worth $4,492,000 after purchasing an additional 943 shares during the period. Finally, Beaton Management Co. Inc. boosted its holdings in McDonald's by 63.8% during the third quarter. Beaton Management Co. Inc. now owns 6,196 shares of the fast-food giant's stock valued at $1,632,000 after purchasing an additional 2,414 shares in the last quarter. 70.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. dropped their target price on McDonald's from $300.00 to $290.00 and set an "overweight" rating for the company in a report on Wednesday, May 1st. Erste Group Bank reaffirmed a "hold" rating on shares of McDonald's in a report on Wednesday, April 3rd. TD Cowen reissued a "buy" rating and set a $305.00 price target on shares of McDonald's in a report on Monday. Argus reaffirmed a "hold" rating on shares of McDonald's in a research note on Monday, March 25th. Finally, BMO Capital Markets cut their target price on shares of McDonald's from $335.00 to $330.00 and set an "outperform" rating for the company in a research note on Wednesday, May 1st. Nine equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company's stock. According to data from MarketBeat.com, McDonald's has an average rating of "Moderate Buy" and an average target price of $317.74.

McDonald's Trading Down 0.1 %

Shares of NYSE:MCD traded down $0.16 during mid-day trading on Wednesday, reaching $265.71. The stock had a trading volume of 1,905,202 shares, compared to its average volume of 3,276,065. The firm has a 50 day simple moving average of $273.69 and a two-hundred day simple moving average of $283.52. McDonald's Co. has a twelve month low of $245.73 and a twelve month high of $302.39. The firm has a market cap of $191.49 billion, a PE ratio of 22.56, a price-to-earnings-growth ratio of 2.99 and a beta of 0.71.

McDonald's (NYSE:MCD - Get Free Report) last issued its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 EPS for the quarter, missing the consensus estimate of $2.71 by ($0.01). McDonald's had a net margin of 33.36% and a negative return on equity of 180.74%. The firm had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.16 billion. During the same period in the previous year, the company posted $2.63 EPS. The firm's revenue for the quarter was up 4.6% on a year-over-year basis. On average, equities analysts anticipate that McDonald's Co. will post 12.17 EPS for the current fiscal year.

McDonald's Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be issued a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 2.51%. McDonald's's dividend payout ratio is presently 56.71%.

Insider Buying and Selling at McDonald's

In other news, insider Joseph M. Erlinger sold 1,099 shares of the firm's stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $284.38, for a total transaction of $312,533.62. Following the sale, the insider now owns 18,075 shares of the company's stock, valued at $5,140,168.50. 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 on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total transaction of $312,533.62. Following the completion of the sale, the insider now owns 18,075 shares of the company's stock, valued at $5,140,168.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jonathan Banner sold 800 shares of the business's stock in a transaction on Friday, May 10th. The shares were sold at an average price of $275.02, for a total transaction of $220,016.00. Following the completion of the sale, the executive vice president now directly owns 19 shares in the company, valued at $5,225.38. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,997 shares of company stock valued at $836,300. Company insiders own 0.23% of the company's stock.

About McDonald's

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.