Landscape Capital Management L.L.C. Invests $4.24 Million in Mcdonald’s Corp (NYSE:MCD)
Landscape Capital Management L.L.C. purchased a new position in Mcdonald’s Corp (NYSE:MCD) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 20,417 shares of the fast-food giant’s stock, valued at approximately $4,240,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Clearstead Advisors LLC lifted its position in shares of Mcdonald’s by 6.0% in the 2nd quarter. Clearstead Advisors LLC now owns 17,060 shares of the fast-food giant’s stock worth $3,543,000 after purchasing an additional 967 shares during the period. Wellington Shields Capital Management LLC increased its stake in Mcdonald’s by 4.7% during the 2nd quarter. Wellington Shields Capital Management LLC now owns 4,466 shares of the fast-food giant’s stock valued at $927,000 after purchasing an additional 200 shares in the last quarter. Capital Investment Advisory Services LLC increased its stake in Mcdonald’s by 224.2% during the 2nd quarter. Capital Investment Advisory Services LLC now owns 5,483 shares of the fast-food giant’s stock valued at $1,179,000 after purchasing an additional 3,792 shares in the last quarter. SRS Capital Advisors Inc. bought a new stake in Mcdonald’s during the 2nd quarter valued at $1,078,000. Finally, Timber Hill LLC bought a new stake in Mcdonald’s during the 2nd quarter valued at $291,000. Hedge funds and other institutional investors own 68.21% of the company’s stock.
A number of analysts have commented on MCD shares. Bank of America boosted their price target on shares of Mcdonald’s from $215.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, June 7th. Piper Jaffray Companies boosted their price target on shares of Mcdonald’s from $209.00 to $226.00 and gave the company an “overweight” rating in a research note on Monday, July 15th. Longbow Research lowered shares of Mcdonald’s from a “buy” rating to a “neutral” rating and decreased their price target for the company from $200.00 to $197.00 in a research note on Wednesday, May 1st. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Mcdonald’s from a “sell” rating to a “hold” rating in a research note on Friday, April 26th. Finally, Mizuho boosted their price target on shares of Mcdonald’s from $215.00 to $230.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Eight investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $220.23.
MCD traded up $0.90 during trading on Thursday, hitting $217.38. 174,997 shares of the company traded hands, compared to its average volume of 3,209,126. The firm has a market capitalization of $164.87 billion, a price-to-earnings ratio of 27.53, a P/E/G ratio of 3.11 and a beta of 0.49. The firm’s fifty day moving average price is $213.35. Mcdonald’s Corp has a one year low of $156.56 and a one year high of $221.93.
Mcdonald’s (NYSE:MCD) last posted its quarterly earnings results on Friday, July 26th. The fast-food giant reported $2.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.06 by ($0.01). The company had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.34 billion. Mcdonald’s had a net margin of 28.32% and a negative return on equity of 92.02%. Mcdonald’s’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.99 EPS. On average, sell-side analysts forecast that Mcdonald’s Corp will post 8 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be given a dividend of $1.16 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $4.64 annualized dividend and a yield of 2.13%. Mcdonald’s’s payout ratio is currently 58.73%.
McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2018, the company operated 37,855 restaurants, including 35,085 franchised restaurants comprising 21,685 franchised to conventional franchisees, 7,225 licensed to developmental licensees, and 6,175 licensed to foreign affiliates; and 2,770 company-operated restaurants.
Receive News & Ratings for Mcdonald's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mcdonald's and related companies with MarketBeat.com's FREE daily email newsletter.