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

Kavar Capital Partners Group LLC decreased its holdings in shares of McDonald’s Co. (NYSE:MCD) by 1.2% during the fourth quarter, HoldingsChannel reports. The firm owned 10,624 shares of the fast-food giant’s stock after selling 125 shares during the period. Kavar Capital Partners Group LLC’s holdings in McDonald’s were worth $3,080,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Legacy Investment Solutions LLC purchased a new position in McDonald’s during the third quarter valued at approximately $25,000. RPg Family Wealth Advisory LLC bought a new stake in McDonald’s during the 3rd quarter valued at $31,000. Hara Capital LLC purchased a new position in shares of McDonald’s in the 3rd quarter valued at $44,000. Peterson Financial Group Inc. bought a new position in shares of McDonald’s in the 3rd quarter worth $58,000. Finally, FSA Wealth Management LLC purchased a new stake in shares of McDonald’s during the 3rd quarter worth $72,000. Institutional investors own 70.29% of the company’s stock.

McDonald’s Trading Up 0.3 %

Shares of MCD stock opened at $285.37 on Monday. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The stock has a market cap of $204.50 billion, a P/E ratio of 25.05, a P/E/G ratio of 3.66 and a beta of 0.73. The stock has a 50 day moving average of $291.07 and a 200 day moving average of $288.70.

McDonald’s (NYSE:MCD) last posted its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, beating the consensus estimate of $3.18 by $0.05. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The firm had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.82 billion. During the same period in the previous year, the firm earned $3.19 EPS. The business’s quarterly revenue was up 2.7% on a year-over-year basis. On average, research analysts predict that McDonald’s Co. will post 11.72 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $290.15, for a total value of $989,121.35. Following the completion of the sale, the executive vice president now owns 9,675 shares of the company’s stock, valued at approximately $2,807,201.25. The trade was a 26.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of McDonald’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $294.51, for a total transaction of $441,470.49. Following the completion of the sale, the executive vice president now owns 1,560 shares in the company, valued at approximately $459,435.60. This trade represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,905 shares of company stock worth $2,592,327. Company insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

MCD has been the topic of several analyst reports. Evercore ISI lifted their target price on McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Citigroup raised shares of McDonald’s from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $311.00 to $334.00 in a research report on Friday, January 10th. KeyCorp decreased their target price on shares of McDonald’s from $330.00 to $320.00 and set an “overweight” rating for the company in a research report on Friday. TD Cowen restated a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a research note on Tuesday, October 29th. Finally, UBS Group upped their price target on McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, McDonald’s currently has an average rating of “Moderate Buy” and a consensus price target of $320.78.

McDonald’s 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.