McDonald’s Corporation $MCD Holdings Raised by Kinsale Capital Group Inc.

Kinsale Capital Group Inc. increased its stake in McDonald’s Corporation (NYSE:MCD) by 11.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,291 shares of the fast-food giant’s stock after purchasing an additional 3,041 shares during the quarter. McDonald’s comprises about 1.8% of Kinsale Capital Group Inc.’s portfolio, making the stock its 21st biggest holding. Kinsale Capital Group Inc.’s holdings in McDonald’s were worth $8,850,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. First American Trust FSB grew its stake in shares of McDonald’s by 55.9% in the 1st quarter. First American Trust FSB now owns 36,917 shares of the fast-food giant’s stock worth $11,532,000 after purchasing an additional 13,234 shares during the last quarter. Banque Transatlantique SA lifted its stake in McDonald’s by 58.0% during the first quarter. Banque Transatlantique SA now owns 248,826 shares of the fast-food giant’s stock valued at $71,829,000 after purchasing an additional 91,313 shares during the last quarter. Hamilton Capital LLC boosted its holdings in McDonald’s by 35.2% during the first quarter. Hamilton Capital LLC now owns 3,145 shares of the fast-food giant’s stock worth $982,000 after buying an additional 819 shares in the last quarter. Welch Group LLC grew its position in McDonald’s by 1.1% in the second quarter. Welch Group LLC now owns 206,004 shares of the fast-food giant’s stock worth $60,188,000 after buying an additional 2,180 shares during the last quarter. Finally, Graybill Wealth Management LTD. acquired a new position in McDonald’s in the first quarter worth approximately $564,000. Institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Performance

McDonald’s stock opened at $299.71 on Friday. McDonald’s Corporation has a twelve month low of $276.53 and a twelve month high of $326.32. The firm has a market cap of $213.88 billion, a PE ratio of 25.68, a P/E/G ratio of 3.23 and a beta of 0.50. The firm’s 50 day moving average price is $304.39 and its two-hundred day moving average price is $305.13.

McDonald’s (NYSE:MCD) last issued its earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.11). McDonald’s had a net margin of 32.21% and a negative return on equity of 225.52%. The company had revenue of $7.08 billion for the quarter, compared to analyst estimates of $7.10 billion. During the same period last year, the business earned $3.23 EPS. The company’s quarterly revenue was up 3.0% on a year-over-year basis. Equities analysts anticipate that McDonald’s Corporation will post 12.25 EPS for the current fiscal year.

McDonald’s Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a $1.86 dividend. This represents a $7.44 dividend on an annualized basis and a yield of 2.5%. This is an increase from McDonald’s’s previous quarterly dividend of $1.77. The ex-dividend date is Monday, December 1st. McDonald’s’s dividend payout ratio is presently 63.48%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. BTIG Research reiterated a “neutral” rating on shares of McDonald’s in a research report on Friday, October 24th. Morgan Stanley set a $335.00 target price on McDonald’s in a report on Friday, October 17th. TD Cowen increased their price target on McDonald’s from $305.00 to $315.00 and gave the company a “hold” rating in a research report on Wednesday, August 6th. Bank of America dropped their price target on McDonald’s from $327.00 to $322.00 and set a “neutral” rating on the stock in a research note on Friday, July 18th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of McDonald’s in a research note on Thursday. Eleven investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $323.91.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, EVP Jonathan Banner sold 1,000 shares of the company’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total value of $310,000.00. Following the transaction, the executive vice president directly owned 99 shares of the company’s stock, valued at $30,690. This represents a 90.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CMO Edith Morgan Flatley sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total value of $315,000.00. Following the sale, the chief marketing officer directly owned 6,858 shares of the company’s stock, valued at $2,160,270. This trade represents a 12.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 15,134 shares of company stock worth $4,570,716 over the last 90 days. 0.25% of the stock is currently owned by corporate insiders.

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.