Kinsale Capital Group Inc. Purchases 3,040 Shares of McDonald’s Co. (NYSE:MCD)

Kinsale Capital Group Inc. grew its holdings in McDonald’s Co. (NYSE:MCD) by 17.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,393 shares of the fast-food giant’s stock after acquiring an additional 3,040 shares during the quarter. McDonald’s accounts for approximately 1.8% of Kinsale Capital Group Inc.’s investment portfolio, making the stock its 19th biggest position. Kinsale Capital Group Inc.’s holdings in McDonald’s were worth $6,210,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Quent Capital LLC grew its stake in McDonald’s by 10.4% during the first quarter. Quent Capital LLC now owns 3,006 shares of the fast-food giant’s stock worth $848,000 after buying an additional 282 shares in the last quarter. Strait & Sound Wealth Management LLC boosted its position in shares of McDonald’s by 9.8% during the 1st quarter. Strait & Sound Wealth Management LLC now owns 797 shares of the fast-food giant’s stock worth $214,000 after acquiring an additional 71 shares in the last quarter. Catalytic Wealth RIA LLC boosted its holdings in shares of McDonald’s by 3.9% in the 1st quarter. Catalytic Wealth RIA LLC now owns 4,470 shares of the fast-food giant’s stock valued at $1,260,000 after purchasing an additional 168 shares in the last quarter. Hillsdale Investment Management Inc. increased its stake in shares of McDonald’s by 9.3% in the 1st quarter. Hillsdale Investment Management Inc. now owns 1,653 shares of the fast-food giant’s stock valued at $466,000 after purchasing an additional 140 shares during the last quarter. Finally, Trustmark National Bank Trust Department raised its holdings in shares of McDonald’s by 6.7% during the 1st quarter. Trustmark National Bank Trust Department now owns 15,881 shares of the fast-food giant’s stock worth $4,478,000 after buying an additional 995 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Stock Down 2.0 %

NYSE MCD traded down $5.93 on Friday, reaching $292.63. The company had a trading volume of 4,039,432 shares, compared to its average volume of 3,509,453. The stock has a market capitalization of $209.70 billion, a P/E ratio of 25.68, a P/E/G ratio of 3.95 and a beta of 0.74. The company’s fifty day moving average is $300.06 and its 200 day moving average is $277.42. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90.

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, topping 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 the consensus estimate of $6.82 billion. During the same quarter last year, the company earned $3.19 earnings per share. The company’s revenue was up 2.7% on a year-over-year basis. On average, research analysts expect that McDonald’s Co. will post 11.77 EPS for the current year.

McDonald’s Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $1.77 per share. This is a positive change from McDonald’s’s previous quarterly dividend of $1.67. This represents a $7.08 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend is Monday, December 2nd. McDonald’s’s dividend payout ratio is currently 58.65%.

Insiders Place Their Bets

In other McDonald’s news, CFO Ian Frederick Borden sold 5,939 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $300.04, for a total transaction of $1,781,937.56. Following the completion of the transaction, the chief financial officer now owns 20,403 shares of the company’s stock, valued at approximately $6,121,716.12. This trade represents a 22.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Christopher J. Kempczinski sold 11,727 shares of McDonald’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $300.03, for a total transaction of $3,518,451.81. Following the transaction, the chief executive officer now owns 49,885 shares of the company’s stock, valued at $14,966,996.55. The trade was a 19.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,596 shares of company stock worth $10,698,289. 0.23% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

MCD has been the topic of several research analyst reports. Wedbush reaffirmed an “outperform” rating and issued a $295.00 price objective on shares of McDonald’s in a research note on Wednesday, October 23rd. Tigress Financial upped their price objective on shares of McDonald’s from $355.00 to $360.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Baird R W lowered shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Robert W. Baird downgraded shares of McDonald’s from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $320.00 to $290.00 in a report on Wednesday, October 23rd. Finally, Bank of America raised their price objective on McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Thirteen research 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $319.46.

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.