Kovitz Investment Group Partners LLC Has $24.60 Million Stock Holdings in McDonald's Co. (NYSE:MCD)

Kovitz Investment Group Partners LLC trimmed its holdings in McDonald's Co. (NYSE:MCD - Free Report) by 9.1% during the fourth quarter, according to the company in its most recent filing 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 SEC filing.

A number of other institutional investors also recently made changes to their positions in MCD. Vanguard Group Inc. increased its position in McDonald's by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 70,169,342 shares of the fast-food giant's stock worth $20,341,391,000 after buying an additional 526,466 shares during the period. Geode Capital Management LLC increased its position in McDonald's by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 16,074,438 shares of the fast-food giant's stock worth $4,652,768,000 after buying an additional 157,458 shares during the period. Capital Research Global Investors increased its position in McDonald's by 5.2% in the fourth quarter. Capital Research Global Investors now owns 10,652,445 shares of the fast-food giant's stock worth $3,088,037,000 after buying an additional 531,070 shares during the period. Norges Bank acquired a new stake in McDonald's in the fourth quarter worth $2,725,190,000. Finally, Bank of New York Mellon Corp increased its position in McDonald's by 0.9% in the fourth quarter. Bank of New York Mellon Corp now owns 5,803,833 shares of the fast-food giant's stock worth $1,682,473,000 after buying an additional 52,195 shares during the period. 70.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity at McDonald's

In other McDonald's news, CEO Christopher J. Kempczinski sold 10,500 shares of the stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the completion of the transaction, the chief executive officer now owns 32,756 shares in the company, valued at approximately $10,155,997.80. This represents a 24.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $318.50, for a total value of $299,071.50. Following the transaction, the insider now owns 12,100 shares of the company's stock, valued at approximately $3,853,850. This trade represents a 7.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,136 shares of company stock worth $8,676,247 in the last quarter. Corporate insiders own 0.25% of the company's stock.

McDonald's Price Performance

Shares of McDonald's stock traded up $0.07 on Monday, hitting $316.81. 2,574,947 shares of the company's stock traded hands, compared to its average volume of 3,569,351. The firm's 50-day moving average price is $308.18 and its two-hundred day moving average price is $299.75. The stock has a market capitalization of $226.35 billion, a PE ratio of 27.81, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62. McDonald's Co. has a one year low of $243.53 and a one year high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last issued its 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 net margin of 31.73% and a negative return on equity of 181.63%. On average, analysts forecast that McDonald's Co. will post 12.25 earnings per share for the current fiscal year.

McDonald's Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date was Monday, March 3rd. McDonald's's dividend payout ratio is currently 62.16%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. TD Securities reissued a "hold" rating and issued a $300.00 price target on shares of McDonald's in a research note on Monday, February 10th. Citigroup decreased their price target on McDonald's from $360.00 to $353.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. Piper Sandler decreased their price target on McDonald's from $297.00 to $290.00 and set a "neutral" rating for the company in a research note on Tuesday, February 4th. Morgan Stanley decreased their price target on McDonald's from $340.00 to $335.00 and set an "overweight" rating for the company in a research note on Monday, March 17th. Finally, Barclays decreased their price target on McDonald's from $350.00 to $347.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Ten equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock 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.