Oxford Asset Management LLP Makes New Investment in McDonald's Co. (NYSE:MCD)

Oxford Asset Management LLP acquired a new stake in shares of McDonald's Co. (NYSE:MCD - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,416 shares of the fast-food giant's stock, valued at approximately $410,000.

Other large investors have also modified their holdings of the company. Mattern Capital Management LLC boosted its holdings in shares of McDonald's by 2.0% in the 4th quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant's stock valued at $8,729,000 after purchasing an additional 579 shares during the last quarter. Bell Bank boosted its holdings in McDonald's by 3.0% in the fourth quarter. Bell Bank now owns 12,699 shares of the fast-food giant's stock valued at $3,681,000 after acquiring an additional 371 shares during the last quarter. YANKCOM Partnership purchased a new stake in McDonald's during the fourth quarter valued at about $1,628,000. Integral Investment Advisors Inc. increased its stake in McDonald's by 2.6% during the fourth quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant's stock worth $1,888,000 after acquiring an additional 164 shares during the last quarter. Finally, PFW Advisors LLC purchased a new position in shares of McDonald's in the 4th quarter worth about $2,471,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

McDonald's Price Performance

NYSE MCD opened at $316.60 on Friday. The company's fifty day moving average price is $308.18 and its two-hundred day moving average price is $299.78. The company has a market capitalization of $226.20 billion, a price-to-earnings ratio of 27.80, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62. McDonald's Co. has a 12 month low of $243.53 and a 12 month high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, hitting analysts' consensus estimates of $2.83. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. As a group, analysts anticipate that McDonald's Co. will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald's's dividend payout ratio is currently 62.16%.

Insider Buying and Selling

In related news, CMO Edith Morgan Flatley sold 3,200 shares of the company's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $300.76, for a total transaction of $962,432.00. Following the completion of the transaction, the chief marketing officer now directly owns 9,858 shares in the company, valued at $2,964,892.08. This represents a 24.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the firm's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total value of $3,255,525.00. Following the completion of the sale, the chief executive officer now owns 32,756 shares in the company, valued at $10,155,997.80. The trade was a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,136 shares of company stock worth $8,676,247 over the last ninety days. 0.25% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MCD. Morgan Stanley decreased their target price on McDonald's from $340.00 to $335.00 and set an "overweight" rating for the company in a report on Monday, March 17th. BTIG Research reissued a "neutral" rating on shares of McDonald's in a research report on Tuesday. Erste Group Bank raised shares of McDonald's from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Piper Sandler decreased their price target on shares of McDonald's from $297.00 to $290.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. Finally, Loop Capital reissued a "buy" rating and issued a $342.00 price objective on shares of McDonald's in a research report on Friday, January 3rd. Ten investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $322.74.

About McDonald's

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.

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