McDonald's Co. (NYSE:MCD) Shares Sold by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC trimmed its position in McDonald's Co. (NYSE:MCD - Free Report) by 9.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 84,872 shares of the fast-food giant's stock after selling 8,461 shares during the period. Kovitz Investment Group Partners LLC's holdings in McDonald's were worth $24,604,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Boltwood Capital Management boosted its holdings in McDonald's by 1.9% in the 4th quarter. Boltwood Capital Management now owns 1,882 shares of the fast-food giant's stock valued at $546,000 after purchasing an additional 35 shares during the period. Pettee Investors Inc. boosted its position in shares of McDonald's by 0.7% during the 4th quarter. Pettee Investors Inc. now owns 5,401 shares of the fast-food giant's stock worth $1,566,000 after acquiring an additional 35 shares in the last quarter. Covestor Ltd lifted its position in shares of McDonald's by 4.1% during the 4th quarter. Covestor Ltd now owns 899 shares of the fast-food giant's stock worth $261,000 after buying an additional 35 shares during the last quarter. Modus Advisors LLC boosted its stake in shares of McDonald's by 0.4% in the 4th quarter. Modus Advisors LLC now owns 9,396 shares of the fast-food giant's stock valued at $2,724,000 after purchasing an additional 36 shares in the last quarter. Finally, Independent Wealth Network Inc. increased its holdings in shares of McDonald's by 5.1% during the fourth quarter. Independent Wealth Network Inc. now owns 736 shares of the fast-food giant's stock worth $213,000 after buying an additional 36 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company's stock.

Insider Transactions at McDonald's

In other news, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $305.00, for a total value of $286,395.00. Following the transaction, the insider now owns 13,978 shares of the company's stock, valued at approximately $4,263,290. The trade was a 6.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Tiffanie L. Boyd sold 1,000 shares of McDonald's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $309.27, for a total value of $309,270.00. Following the completion of the sale, the executive vice president now directly owns 5,564 shares in the company, valued at $1,720,778.28. This represents a 15.23 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,136 shares of company stock worth $8,676,247. 0.25% of the stock is currently owned by insiders.

McDonald's Stock Performance

Shares of NYSE:MCD traded up $1.83 during midday trading on Wednesday, hitting $316.33. The company's stock had a trading volume of 1,262,574 shares, compared to its average volume of 3,560,799. The business's 50 day simple moving average is $308.71 and its 200 day simple moving average is $299.93. McDonald's Co. has a 12-month low of $243.53 and a 12-month high of $326.32. The company has a market cap of $226.20 billion, a P/E ratio of 27.77, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, meeting the consensus estimate of $2.83. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. On average, sell-side analysts predict that McDonald's Co. will post 12.25 earnings per share for the current fiscal year.

McDonald's Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $1.77 dividend. The ex-dividend date was Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.24%. McDonald's's payout ratio is currently 62.16%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MCD. Robert W. Baird reduced their price objective on shares of McDonald's from $310.00 to $300.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Barclays decreased their price objective on shares of McDonald's from $350.00 to $347.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Truist Financial reduced their price target on shares of McDonald's from $342.00 to $340.00 and set a "buy" rating for the company in a research report on Tuesday, February 11th. KeyCorp boosted their target price on McDonald's from $335.00 to $340.00 and gave the company an "overweight" rating in a research note on Thursday, March 27th. Finally, Erste Group Bank raised shares of McDonald's from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Ten research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $322.74.

McDonald's Profile

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.