Landscape Capital Management L.L.C. Has $4.24 Million Holdings in McDonald’s Co. (NYSE:MCD)

Landscape Capital Management L.L.C. increased its holdings in shares of McDonald’s Co. (NYSE:MCD) by 14.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,906 shares of the fast-food giant’s stock after buying an additional 1,721 shares during the period. Landscape Capital Management L.L.C.’s holdings in McDonald’s were worth $4,235,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Cornerstone Advisors LLC boosted its stake in shares of McDonald’s by 2.0% in the 3rd quarter. Cornerstone Advisors LLC now owns 30,000 shares of the fast-food giant’s stock valued at $9,135,000 after purchasing an additional 600 shares during the last quarter. Citizens Financial Group Inc. RI raised its stake in McDonald’s by 10.9% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 25,203 shares of the fast-food giant’s stock worth $7,675,000 after buying an additional 2,477 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of McDonald’s by 4.6% during the third quarter. EverSource Wealth Advisors LLC now owns 8,513 shares of the fast-food giant’s stock worth $2,593,000 after purchasing an additional 375 shares during the period. Altman Advisors Inc. bought a new position in shares of McDonald’s in the third quarter valued at $1,722,000. Finally, Darwin Wealth Management LLC bought a new position in McDonald’s in the 3rd quarter valued at about $212,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $288.70, for a total transaction of $316,992.60. Following the sale, the insider now directly owns 12,583 shares in the company, valued at $3,632,712.10. This represents a 8.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Christopher J. Kempczinski sold 11,727 shares of McDonald’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $300.03, for a total value of $3,518,451.81. Following the completion of the transaction, the chief executive officer now owns 49,885 shares of the company’s stock, valued at approximately $14,966,996.55. This trade represents a 19.03 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,596 shares of company stock valued at $10,698,289. 0.23% of the stock is currently owned by insiders.

McDonald’s Stock Performance

MCD opened at $290.89 on Thursday. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90. The firm’s fifty day moving average is $300.06 and its 200 day moving average is $277.84. The stock has a market cap of $208.46 billion, a price-to-earnings ratio of 25.54, a price-to-earnings-growth ratio of 3.87 and a beta of 0.74.

McDonald’s (NYSE:MCD) last issued its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. The firm had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. McDonald’s’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.19 earnings per share. On average, equities research analysts predict that McDonald’s Co. will post 11.77 earnings per share for the current year.

McDonald’s Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $1.77 per share. This is a positive change from McDonald’s’s previous quarterly dividend of $1.67. The ex-dividend date is Monday, December 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.43%. McDonald’s’s dividend payout ratio (DPR) is presently 58.65%.

Wall Street Analysts Forecast Growth

MCD has been the topic of a number of analyst reports. The Goldman Sachs Group lifted their price objective on shares of McDonald’s from $284.00 to $325.00 and gave the stock a “neutral” rating in a report on Tuesday, September 24th. Argus upgraded McDonald’s from a “hold” rating to a “buy” rating in a research note on Tuesday, October 8th. Jefferies Financial Group lifted their target price on McDonald’s from $310.00 to $330.00 and gave the company a “buy” rating in a report on Monday, September 9th. BMO Capital Markets raised their price target on shares of McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, Morgan Stanley upped their price objective on shares of McDonald’s from $296.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Thirteen investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $319.46.

About McDonald’s

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.