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

Landscape Capital Management L.L.C. trimmed its holdings in shares of McDonald’s Co. (NYSE:MCD) by 58.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MCD. Legacy Investment Solutions LLC purchased a new stake in McDonald’s in the third quarter worth about $25,000. Atala Financial Inc bought a new stake in McDonald’s during the 4th quarter worth approximately $26,000. Comprehensive Financial Planning Inc. PA bought a new position in shares of McDonald’s in the fourth quarter worth approximately $27,000. Collier Financial bought a new position in McDonald’s in the 4th quarter worth $29,000. Finally, Fairway Wealth LLC increased its stake in McDonald’s by 110.0% in the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock worth $30,000 after buying an additional 55 shares in the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

McDonald’s Stock Performance

NYSE MCD opened at $299.68 on Friday. The company’s 50-day simple moving average is $304.34 and its two-hundred day simple moving average is $298.72. McDonald’s Co. has a one year low of $243.53 and a one year high of $326.32. The company has a market capitalization of $214.11 billion, a price-to-earnings ratio of 26.31, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62.

McDonald’s (NYSE:MCD) last posted its earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.83. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. Equities analysts expect that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

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

Analyst Upgrades and Downgrades

MCD has been the topic of several research analyst reports. Bank of America boosted their price objective on McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a research report on Tuesday, February 11th. Citigroup cut their target price on shares of McDonald’s from $360.00 to $353.00 and set a “buy” rating for the company in a research note on Thursday. Barclays boosted their price target on shares of McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Truist Financial cut their price objective on McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Finally, Piper Sandler decreased their price objective on McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Nine investment 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. Based on data from MarketBeat, McDonald’s 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.