Landscape Capital Management L.L.C. Sells 8,111 Shares of McDonald's Co. (NYSE:MCD)

Landscape Capital Management L.L.C. lowered its position in McDonald's Co. (NYSE:MCD - Free Report) by 58.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,795 shares of the fast-food giant's stock after selling 8,111 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in McDonald's were worth $1,680,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in MCD. United Bank increased its position in shares of McDonald's by 3.5% in the third quarter. United Bank now owns 6,446 shares of the fast-food giant's stock worth $1,963,000 after purchasing an additional 218 shares during the last quarter. Morse Asset Management Inc increased its holdings in shares of McDonald's by 12.8% in the 3rd quarter. Morse Asset Management Inc now owns 3,385 shares of the fast-food giant's stock worth $1,031,000 after buying an additional 385 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc raised its position in shares of McDonald's by 19.0% during the 3rd quarter. Texas Capital Bank Wealth Management Services Inc now owns 2,862 shares of the fast-food giant's stock valued at $872,000 after buying an additional 456 shares in the last quarter. Wills Financial Group Inc. bought a new stake in shares of McDonald's during the 3rd quarter worth $236,000. Finally, Weiss Asset Management LP purchased a new position in McDonald's in the third quarter worth $16,870,000. Hedge funds and other institutional investors own 70.29% of the company's stock.

Insider Activity

In other news, EVP Tiffanie L. Boyd sold 1,000 shares of the business's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $309.27, for a total value of $309,270.00. Following the completion of the transaction, the executive vice president now owns 5,564 shares in the company, valued at $1,720,778.28. The trade was a 15.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total value of $84,225.00. Following the sale, the insider now directly owns 7,887 shares in the company, valued at $2,214,275.25. This trade represents a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,497 shares of company stock worth $8,461,400 over the last three months. 0.23% of the stock is currently owned by corporate insiders.

McDonald's Stock Performance

McDonald's stock opened at $299.68 on Friday. McDonald's Co. has a fifty-two week low of $243.53 and a fifty-two week high of $326.32. The stock's 50 day simple moving average is $304.34 and its two-hundred day simple moving average is $298.72. The stock has a market cap of $214.11 billion, a price-to-earnings ratio of 26.31, a PEG ratio of 3.10 and a beta of 0.62.

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

McDonald's Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date was Monday, March 3rd. McDonald's's payout ratio is 62.16%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on MCD shares. TD Securities restated a "hold" rating and set a $300.00 price target on shares of McDonald's in a research report on Monday, February 10th. Bank of America raised their price objective on McDonald's from $312.00 to $316.00 and gave the company a "neutral" rating in a report on Tuesday, February 11th. Robert W. Baird upped their target price on McDonald's from $305.00 to $310.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 11th. KeyCorp lifted their target price on shares of McDonald's from $335.00 to $340.00 and gave the stock an "overweight" rating in a research report on Thursday, March 27th. Finally, Loop Capital restated a "buy" rating and set a $342.00 price target on shares of McDonald's in a research report on Friday, January 3rd. Nine analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $323.30.

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.

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