Kavar Capital Partners Group LLC Sells 56 Shares of McDonald’s Corporation (NYSE:MCD)

Kavar Capital Partners Group LLC lessened its holdings in McDonald’s Corporation (NYSE:MCD) by 0.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,568 shares of the fast-food giant’s stock after selling 56 shares during the quarter. Kavar Capital Partners Group LLC’s holdings in McDonald’s were worth $3,301,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Granite Bay Wealth Management LLC grew its position in McDonald’s by 3.5% during the first quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant’s stock valued at $309,000 after buying an additional 33 shares during the period. CVA Family Office LLC boosted its position in McDonald’s by 1.9% during the first quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant’s stock worth $560,000 after purchasing an additional 33 shares during the period. Consilium Wealth Advisory LLC boosted its position in McDonald’s by 2.5% during the first quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant’s stock worth $417,000 after purchasing an additional 33 shares during the period. Northeast Financial Consultants Inc boosted its position in McDonald’s by 0.5% during the fourth quarter. Northeast Financial Consultants Inc now owns 7,486 shares of the fast-food giant’s stock worth $2,170,000 after purchasing an additional 34 shares during the period. Finally, Tealwood Asset Management Inc. boosted its position in McDonald’s by 0.4% during the first quarter. Tealwood Asset Management Inc. now owns 8,117 shares of the fast-food giant’s stock worth $2,535,000 after purchasing an additional 34 shares during the period. Institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $318.50, for a total transaction of $299,071.50. Following the transaction, the insider now directly owns 12,100 shares in the company, valued at $3,853,850. This trade represents a 7.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 2,817 shares of company stock worth $865,843 over the last ninety days. Insiders own 0.25% of the company’s stock.

McDonald’s Price Performance

Shares of MCD opened at $285.78 on Thursday. The firm’s 50 day simple moving average is $309.13 and its 200 day simple moving average is $302.60. The company has a market capitalization of $204.34 billion, a P/E ratio of 25.22, a P/E/G ratio of 3.04 and a beta of 0.56. McDonald’s Corporation has a 1-year low of $243.53 and a 1-year high of $326.32.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, meeting analysts’ consensus estimates of $2.67. McDonald’s had a net margin of 31.75% and a negative return on equity of 195.27%. The business had revenue of $5.96 billion for the quarter, compared to analysts’ expectations of $6.17 billion. During the same period last year, the business earned $2.70 earnings per share. The business’s quarterly revenue was down 3.5% on a year-over-year basis. On average, equities analysts anticipate that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date was Monday, June 2nd. McDonald’s’s payout ratio is currently 62.49%.

Analyst Ratings Changes

A number of brokerages have weighed in on MCD. Loop Capital lowered shares of McDonald’s from a “buy” rating to a “hold” rating and cut their target price for the stock from $346.00 to $315.00 in a research report on Friday, June 6th. Robert W. Baird increased their target price on shares of McDonald’s from $300.00 to $315.00 and gave the stock a “neutral” rating in a research report on Friday, May 2nd. Piper Sandler increased their target price on shares of McDonald’s from $292.00 to $314.00 and gave the stock a “neutral” rating in a research report on Friday, May 2nd. Argus lowered shares of McDonald’s from a “buy” rating to a “hold” rating in a research report on Friday, June 13th. Finally, KeyCorp increased their price target on shares of McDonald’s from $335.00 to $340.00 and gave the stock an “overweight” rating in a report on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, McDonald’s currently has an average rating of “Hold” and an average price target of $321.79.

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.