Kavar Capital Partners Group LLC Sells 125 Shares of McDonald’s Co. (NYSE:MCD)

Kavar Capital Partners Group LLC reduced its position in shares of McDonald’s Co. (NYSE:MCD) by 1.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,624 shares of the fast-food giant’s stock after selling 125 shares during the quarter. Kavar Capital Partners Group LLC’s holdings in McDonald’s were worth $3,080,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MCD. Legacy Investment Solutions LLC bought a new stake in shares of McDonald’s in the 3rd quarter worth $25,000. RPg Family Wealth Advisory LLC bought a new stake in McDonald’s in the 3rd quarter worth about $31,000. Hara Capital LLC purchased a new position in McDonald’s in the 3rd quarter worth about $44,000. Peterson Financial Group Inc. bought a new position in McDonald’s during the 3rd quarter valued at about $58,000. Finally, FSA Wealth Management LLC bought a new stake in shares of McDonald’s in the third quarter worth approximately $72,000. Institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Performance

NYSE:MCD opened at $285.37 on Monday. The firm has a market capitalization of $204.50 billion, a PE ratio of 25.05, a PEG ratio of 3.66 and a beta of 0.73. The stock’s fifty day moving average is $291.07 and its 200 day moving average is $288.70. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90.

McDonald’s (NYSE:MCD) last released its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the business earned $3.19 EPS. Equities analysts forecast that McDonald’s Co. will post 11.72 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MCD. Truist Financial lowered their price target on McDonald’s from $350.00 to $342.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Loop Capital reissued a “buy” rating and issued a $342.00 target price on shares of McDonald’s in a report on Friday, January 3rd. Morgan Stanley cut their price target on McDonald’s from $340.00 to $336.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. TD Cowen reissued a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a report on Tuesday, October 29th. Finally, Baird R W cut shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $320.78.

Insider Buying and Selling at McDonald’s

In related news, insider Joseph M. Erlinger sold 300 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total value of $84,225.00. Following the transaction, the insider now owns 7,887 shares of the company’s stock, valued at $2,214,275.25. This trade represents a 3.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction of $989,121.35. Following the sale, the executive vice president now owns 9,675 shares of the company’s stock, valued at $2,807,201.25. The trade was a 26.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,905 shares of company stock worth $2,592,327 over the last 90 days. Company insiders own 0.23% of the company’s stock.

McDonald’s Company Profile

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.