Eagle Global Advisors LLC Acquires New Shares in McDonald’s Co. (NYSE:MCD)

Eagle Global Advisors LLC bought a new position in shares of McDonald’s Co. (NYSE:MCD) during the 4th quarter, HoldingsChannel reports. The firm bought 13,000 shares of the fast-food giant’s stock, valued at approximately $3,769,000.

Other institutional investors have also added to or reduced their stakes in the company. CoreCap Advisors LLC increased its holdings in McDonald’s by 3.8% during the fourth quarter. CoreCap Advisors LLC now owns 11,969 shares of the fast-food giant’s stock valued at $3,470,000 after buying an additional 438 shares during the period. Capital Advantage Inc. purchased a new position in shares of McDonald’s in the 4th quarter valued at $624,000. Cetera Investment Advisers raised its position in shares of McDonald’s by 4.2% in the 4th quarter. Cetera Investment Advisers now owns 293,518 shares of the fast-food giant’s stock worth $85,088,000 after acquiring an additional 11,759 shares in the last quarter. Bridgeway Capital Management LLC lifted its stake in shares of McDonald’s by 2.7% during the 4th quarter. Bridgeway Capital Management LLC now owns 63,460 shares of the fast-food giant’s stock worth $18,397,000 after purchasing an additional 1,688 shares during the last quarter. Finally, Blue Capital Inc. purchased a new position in McDonald’s in the fourth quarter valued at about $1,724,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analysts Set New Price Targets

MCD has been the topic of a number of recent analyst reports. Robert W. Baird raised their price target on shares of McDonald’s from $300.00 to $315.00 and gave the company a “neutral” rating in a report on Friday, May 2nd. JPMorgan Chase & Co. upped their price target on McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Truist Financial set a $350.00 price objective on McDonald’s in a report on Friday. TD Securities reaffirmed a “hold” rating and set a $300.00 target price on shares of McDonald’s in a research report on Monday, February 10th. Finally, Wedbush upped their price objective on shares of McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Eleven investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $325.91.

McDonald’s Stock Up 0.4 %

MCD stock opened at $316.94 on Wednesday. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $326.32. The firm has a market cap of $226.63 billion, a P/E ratio of 27.83, a PEG ratio of 3.10 and a beta of 0.57. The company’s 50-day simple moving average is $309.54 and its 200-day simple moving average is $300.00.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, meeting the consensus estimate of $2.67. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. The company had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. During the same period last year, the company earned $2.70 earnings per share. McDonald’s’s quarterly revenue was down 3.5% compared to the same quarter last year. On average, analysts anticipate that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The business 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. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.08 annualized dividend and a dividend yield of 2.23%. McDonald’s’s dividend payout ratio (DPR) is presently 62.49%.

Insider Buying and Selling

In other McDonald’s news, CEO Christopher J. Kempczinski sold 10,500 shares of the stock in a transaction dated 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 approximately $10,155,997.80. This represents a 24.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Edith Morgan Flatley sold 3,200 shares of the company’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $300.76, for a total value of $962,432.00. Following the completion of the sale, the chief marketing officer now owns 9,858 shares of the company’s stock, valued at approximately $2,964,892.08. The trade was a 24.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,136 shares of company stock worth $8,676,247. Insiders own 0.25% of the company’s stock.

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.