Eagle Asset Management Inc. Purchases 495 Shares of McDonald’s Co. (NYSE:MCD)

Eagle Asset Management Inc. boosted its position in shares of McDonald’s Co. (NYSE:MCDGet Rating) by 0.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 675,862 shares of the fast-food giant’s stock after buying an additional 495 shares during the period. McDonald’s makes up about 0.8% of Eagle Asset Management Inc.’s portfolio, making the stock its 23rd biggest holding. Eagle Asset Management Inc.’s holdings in McDonald’s were worth $180,597,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Norwood Financial Corp purchased a new stake in McDonald’s during the fourth quarter valued at approximately $27,000. Future Financial Wealth Managment LLC purchased a new stake in McDonald’s during the fourth quarter valued at approximately $33,000. Delos Wealth Advisors LLC purchased a new stake in McDonald’s during the third quarter valued at approximately $30,000. Horan Securities Inc. purchased a new stake in shares of McDonald’s in the fourth quarter worth approximately $45,000. Finally, McClarren Financial Advisors Inc. raised its holdings in shares of McDonald’s by 187.7% in the fourth quarter. McClarren Financial Advisors Inc. now owns 187 shares of the fast-food giant’s stock worth $50,000 after buying an additional 122 shares during the period. Institutional investors and hedge funds own 68.44% of the company’s stock.

Several brokerages have recently weighed in on MCD. Zacks Investment Research reiterated a “hold” rating on shares of McDonald’s in a report on Thursday, March 17th. Guggenheim reduced their price target on McDonald’s from $300.00 to $290.00 and set a “buy” rating on the stock in a report on Monday, May 2nd. BTIG Research reduced their price target on McDonald’s from $295.00 to $280.00 and set a “buy” rating on the stock in a report on Tuesday, April 19th. Morgan Stanley reduced their price target on McDonald’s from $294.00 to $287.00 and set an “overweight” rating on the stock in a report on Thursday, March 17th. Finally, KeyCorp increased their price target on McDonald’s from $275.00 to $285.00 and gave the stock an “overweight” rating in a report on Wednesday, January 26th. Seven research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. According to MarketBeat.com, McDonald’s currently has an average rating of “Buy” and a consensus price target of $281.81.

Shares of McDonald’s stock traded down $2.05 during trading on Thursday, reaching $229.00. The company’s stock had a trading volume of 3,516,857 shares, compared to its average volume of 3,228,515. The company has a market cap of $169.36 billion, a price-to-earnings ratio of 24.41, a P/E/G ratio of 3.10 and a beta of 0.57. McDonald’s Co. has a 1-year low of $217.68 and a 1-year high of $271.15. The company has a 50-day simple moving average of $245.63 and a two-hundred day simple moving average of $251.60.

McDonald’s (NYSE:MCDGet Rating) last posted its quarterly earnings data on Thursday, April 28th. The fast-food giant reported $2.28 earnings per share for the quarter, topping analysts’ consensus estimates of $2.18 by $0.10. The firm had revenue of $5.67 billion during the quarter, compared to analysts’ expectations of $5.57 billion. McDonald’s had a negative return on equity of 131.20% and a net margin of 29.93%. The business’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.92 EPS. As a group, equities analysts predict that McDonald’s Co. will post 9.83 EPS for the current year.

In other news, insider Joseph M. Erlinger sold 5,892 shares of the firm’s stock in a transaction on Wednesday, May 4th. The stock was sold at an average price of $249.23, for a total value of $1,468,463.16. Following the completion of the sale, the insider now owns 8,187 shares of the company’s stock, valued at approximately $2,040,446.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Catherine M. Engelbert acquired 1,000 shares of the stock in a transaction dated Monday, February 28th. The stock was acquired at an average cost of $244.18 per share, with a total value of $244,180.00. The disclosure for this purchase can be found here. 0.25% of the stock is owned by company insiders.

McDonald’s Company Profile (Get Rating)

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, wraps, fries, salads, oatmeal, shakes, desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including biscuit and bagel sandwiches, breakfast burritos, hotcakes, and other sandwiches.

Further Reading

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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