Eagle Global Advisors LLC Buys New Stake in McDonald's Co. (NYSE:MCD)

Eagle Global Advisors LLC bought a new position in McDonald's Co. (NYSE:MCD - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 13,000 shares of the fast-food giant's stock, valued at approximately $3,769,000.

Several other institutional investors also recently bought and sold shares of the company. Atala Financial Inc purchased a new stake in shares of McDonald's during the 4th quarter valued at about $26,000. Comprehensive Financial Planning Inc. PA purchased a new position in shares of McDonald's in the fourth quarter worth $27,000. Collier Financial bought a new position in shares of McDonald's during the fourth quarter worth $29,000. Fairway Wealth LLC grew its position in shares of McDonald's by 110.0% during the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock valued at $30,000 after purchasing an additional 55 shares in the last quarter. Finally, GKV Capital Management Co. Inc. purchased a new position in McDonald's during the 4th quarter valued at approximately $30,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at McDonald's

In other McDonald's news, EVP Tiffanie L. Boyd sold 1,000 shares of McDonald's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $309.27, for a total transaction of $309,270.00. Following the transaction, the executive vice president now directly owns 5,564 shares of the company's stock, valued at $1,720,778.28. The trade was a 15.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $318.50, for a total transaction of $299,071.50. Following the sale, the insider now owns 12,100 shares of the company's stock, valued at $3,853,850. This represents a 7.20 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,136 shares of company stock valued at $8,676,247. Corporate insiders own 0.25% of the company's stock.

Analysts Set New Price Targets

MCD has been the topic of a number of recent research reports. Robert W. Baird upped their price objective on McDonald's from $300.00 to $315.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Bank of America lifted their target price on McDonald's from $312.00 to $316.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 11th. BMO Capital Markets reiterated an "outperform" rating and set a $345.00 target price (up from $340.00) on shares of McDonald's in a report on Monday. KeyCorp lifted their target price on McDonald's from $335.00 to $340.00 and gave the company an "overweight" rating in a research note on Thursday, March 27th. Finally, Morgan Stanley decreased their price target on shares of McDonald's from $340.00 to $335.00 and set an "overweight" rating for the company in a research report on Monday, March 17th. Eleven equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, McDonald's currently has a consensus rating of "Moderate Buy" and a consensus price target of $325.91.

McDonald's Price Performance

NYSE MCD traded up $0.26 on Friday, hitting $313.75. The company had a trading volume of 1,917,256 shares, compared to its average volume of 3,562,228. The company's fifty day moving average price is $310.10 and its 200-day moving average price is $300.11. The company has a market capitalization of $224.35 billion, a PE ratio of 27.55, 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.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, hitting the consensus estimate of $2.67. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. The firm had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $6.17 billion. During the same quarter in the prior year, the firm earned $2.70 EPS. The company's revenue for the quarter was down 3.5% on a year-over-year basis. On average, sell-side analysts anticipate that McDonald's Co. will post 12.25 EPS for the current year.

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.