Eagle Global Advisors LLC Invests $3.77 Million in McDonald’s Co. (NYSE:MCD)

Eagle Global Advisors LLC acquired a new stake in shares of McDonald’s Co. (NYSE:MCD) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 13,000 shares of the fast-food giant’s stock, valued at approximately $3,769,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in McDonald’s in the 4th quarter worth about $2,725,190,000. Raymond James Financial Inc. purchased a new position in shares of McDonald’s during the fourth quarter valued at approximately $703,074,000. Castlekeep Investment Advisors LLC bought a new position in McDonald’s during the fourth quarter valued at approximately $350,935,000. Northern Trust Corp boosted its holdings in McDonald’s by 11.2% in the fourth quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant’s stock worth $2,570,511,000 after purchasing an additional 895,896 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in McDonald’s by 24.4% in the 4th quarter. Franklin Resources Inc. now owns 4,054,387 shares of the fast-food giant’s stock worth $1,175,326,000 after purchasing an additional 794,536 shares during the period. Institutional investors own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

MCD has been the topic of a number of research reports. Wedbush raised their price target on McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. BMO Capital Markets restated an “outperform” rating and set a $345.00 price target (up from $340.00) on shares of McDonald’s in a research note on Monday. Piper Sandler upped their price target on shares of McDonald’s from $292.00 to $314.00 and gave the company a “neutral” rating in a research report on Friday, May 2nd. Truist Financial set a $350.00 target price on shares of McDonald’s in a research report on Friday. Finally, Morgan Stanley decreased their price target on shares of McDonald’s from $340.00 to $335.00 and set an “overweight” rating on the stock in a research report on Monday, March 17th. 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 stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $325.91.

Insider Activity at McDonald’s

In other news, CMO Edith Morgan Flatley sold 3,200 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $300.76, for a total value of $962,432.00. Following the transaction, the chief marketing officer now directly owns 9,858 shares in the company, valued at approximately $2,964,892.08. This represents a 24.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Christopher J. Kempczinski sold 10,500 shares of McDonald’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the sale, the chief executive officer now owns 32,756 shares of the company’s stock, valued at $10,155,997.80. The trade was a 24.27 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,136 shares of company stock worth $8,676,247. Insiders own 0.25% of the company’s stock.

McDonald’s Trading Up 0.4 %

Shares of NYSE:MCD opened at $316.94 on Wednesday. The company has a market cap of $226.63 billion, a price-to-earnings ratio of 27.83, a PEG ratio of 3.10 and a beta of 0.57. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $326.32. The company has a 50-day moving average price of $309.54 and a 200 day moving average price of $300.00.

McDonald’s (NYSE:MCD) last announced its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, hitting analysts’ consensus estimates of $2.67. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. The firm had revenue of $5.96 billion during the quarter, compared to analysts’ expectations of $6.17 billion. During the same quarter in the previous year, the business earned $2.70 EPS. The company’s quarterly revenue was down 3.5% on a year-over-year basis. As a group, equities analysts forecast that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $1.77 dividend. 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%.

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.