Headland Capital LLC Takes $939,000 Position in McDonald's Co. (NYSE:MCD)

Headland Capital LLC bought a new stake in shares of McDonald's Co. (NYSE:MCD - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 3,240 shares of the fast-food giant's stock, valued at approximately $939,000. McDonald's makes up 0.3% of Headland Capital LLC's portfolio, making the stock its 24th largest position.

A number of other institutional investors also recently made changes to their positions in MCD. Atala Financial Inc acquired a new stake in shares of McDonald's in the fourth quarter worth about $26,000. Comprehensive Financial Planning Inc. PA acquired a new position in shares of McDonald's in the 4th quarter valued at $27,000. Collier Financial acquired a new stake in McDonald's during the fourth quarter valued at approximately $29,000. Fairway Wealth LLC raised its stake in McDonald's by 110.0% during the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock worth $30,000 after acquiring an additional 55 shares in the last quarter. Finally, GKV Capital Management Co. Inc. acquired a new stake in shares of McDonald's during the 4th quarter worth about $30,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MCD has been the subject of several analyst reports. Loop Capital reiterated a "buy" rating and set a $342.00 price target on shares of McDonald's in a research report on Friday, January 3rd. BMO Capital Markets lifted their target price on McDonald's from $335.00 to $340.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. KeyCorp raised their price objective on McDonald's from $335.00 to $340.00 and gave the company an "overweight" rating in a report on Thursday, March 27th. Bank of America raised their target price on shares of McDonald's from $312.00 to $316.00 and gave the company a "neutral" rating in a research note on Tuesday, February 11th. Finally, Barclays raised their price target on McDonald's from $347.00 to $355.00 and gave the company an "overweight" rating in a report on Friday. Ten analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $325.26.

McDonald's Stock Down 0.6 %

Shares of McDonald's stock traded down $1.86 on Friday, reaching $311.78. The stock had a trading volume of 3,993,672 shares, compared to its average volume of 3,568,955. McDonald's Co. has a 1 year low of $243.53 and a 1 year high of $326.32. The company has a 50 day moving average price of $309.14 and a 200 day moving average price of $300.09. The stock has a market capitalization of $222.95 billion, a P/E ratio of 27.37, a P/E/G ratio of 3.10 and a beta of 0.62.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.67. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. The business had revenue of $5.96 billion during the quarter, compared to analysts' expectations of $6.17 billion. During the same quarter in the previous year, the firm posted $2.70 EPS. The company's revenue for the quarter was down 3.5% on a year-over-year basis. On average, analysts forecast that McDonald's Co. will post 12.25 earnings per share for the current fiscal year.

McDonald's Announces Dividend

The company also recently declared 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. This represents a $7.08 annualized dividend and a dividend yield of 2.27%. The ex-dividend date was Monday, March 3rd. McDonald's's payout ratio is 62.16%.

Insiders Place Their Bets

In other McDonald's news, CMO Edith Morgan Flatley sold 3,200 shares of the firm's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $300.76, for a total value of $962,432.00. Following the sale, the chief marketing officer now directly owns 9,858 shares in the company, valued at $2,964,892.08. This trade represents a 24.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the company's stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total value of $3,255,525.00. Following the completion of the transaction, the chief executive officer now directly owns 32,756 shares of the company's stock, valued at $10,155,997.80. This trade represents a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 28,136 shares of company stock valued at $8,676,247 in the last 90 days. 0.25% of the stock is owned by insiders.

About McDonald's

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.