Oxler Private Wealth LLC Purchases 37 Shares of McDonald’s Co. (NYSE:MCD)

Oxler Private Wealth LLC increased its position in shares of McDonald’s Co. (NYSE:MCD) by 0.6% in the 4th quarter, HoldingsChannel reports. The fund owned 6,241 shares of the fast-food giant’s stock after acquiring an additional 37 shares during the period. Oxler Private Wealth LLC’s holdings in McDonald’s were worth $1,809,000 as of its most recent SEC filing.

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

Insider Activity

In related news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $292.50, for a total transaction of $321,457.50. Following the completion of the sale, the insider now directly owns 9,286 shares in the company, valued at approximately $2,716,155. The trade was a 10.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $290.15, for a total value of $989,121.35. Following the completion of the transaction, the executive vice president now owns 9,675 shares in the company, valued at $2,807,201.25. The trade was a 26.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,406 shares of company stock worth $2,150,857 over the last 90 days. 0.23% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on MCD. Argus raised shares of McDonald’s from a “hold” rating to a “buy” rating in a report on Tuesday, October 8th. Citigroup boosted their price target on McDonald’s from $334.00 to $336.00 and gave the company a “buy” rating in a research note on Tuesday. KeyCorp reduced their price objective on McDonald’s from $330.00 to $320.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Robert W. Baird lowered McDonald’s from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $320.00 to $290.00 in a research report on Wednesday, October 23rd. Finally, Guggenheim downgraded shares of McDonald’s from a “buy” rating to a “neutral” rating and cut their price target for the stock from $290.00 to $285.00 in a report on Wednesday, October 23rd. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $320.87.

McDonald’s Price Performance

McDonald’s stock opened at $288.83 on Friday. The stock has a market capitalization of $206.98 billion, a PE ratio of 25.36, a price-to-earnings-growth ratio of 3.85 and a beta of 0.73. The business has a 50 day simple moving average of $291.15 and a 200-day simple moving average of $289.25. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, topping the consensus estimate of $3.18 by $0.05. The company 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 firm’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.19 EPS. On average, equities research analysts anticipate that McDonald’s Co. will post 11.68 EPS for the current fiscal year.

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.