Kinsale Capital Group Inc. Buys 3,976 Shares of McDonald's Corporation (NYSE:MCD)

Key Points

• Kinsale Capital Group Inc. increased its stake in McDonald's Corporation by 17.1% during the first quarter, owning 27,250 shares worth approximately $8.51 million.
• McDonald's reported earnings of $2.67 per share for the last quarter, meeting analysts' expectations but showing a decrease in revenue of 3.5% year-over-year.
• The company recently announced a quarterly dividend of $1.77 per share, reflecting a dividend yield of 2.37% and a payout ratio of 62.49%.

Kinsale Capital Group Inc. increased its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 17.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,250 shares of the fast-food giant's stock after buying an additional 3,976 shares during the quarter. McDonald's accounts for 2.1% of Kinsale Capital Group Inc.'s investment portfolio, making the stock its 20th largest holding. Kinsale Capital Group Inc.'s holdings in McDonald's were worth $8,512,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Red Door Wealth Management LLC grew its stake in McDonald's by 1.9% in the 1st quarter. Red Door Wealth Management LLC now owns 5,724 shares of the fast-food giant's stock valued at $1,788,000 after purchasing an additional 109 shares during the period. Aviva PLC grew its stake in McDonald's by 5.6% in the 4th quarter. Aviva PLC now owns 432,406 shares of the fast-food giant's stock valued at $125,350,000 after purchasing an additional 23,024 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in McDonald's by 5.6% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 345,319 shares of the fast-food giant's stock valued at $107,867,000 after purchasing an additional 18,393 shares during the period. Sagespring Wealth Partners LLC grew its stake in McDonald's by 22.9% in the 1st quarter. Sagespring Wealth Partners LLC now owns 17,226 shares of the fast-food giant's stock valued at $5,381,000 after purchasing an additional 3,212 shares during the period. Finally, Segment Wealth Management LLC grew its stake in McDonald's by 1.7% in the 1st quarter. Segment Wealth Management LLC now owns 54,672 shares of the fast-food giant's stock valued at $17,078,000 after purchasing an additional 937 shares during the period. Institutional investors own 70.29% of the company's stock.

McDonald's Price Performance

Shares of NYSE:MCD traded up $0.77 on Monday, hitting $299.24. The company's stock had a trading volume of 3,069,525 shares, compared to its average volume of 3,481,643. The company has a 50-day simple moving average of $300.56 and a 200 day simple moving average of $303.25. McDonald's Corporation has a 1 year low of $250.23 and a 1 year high of $326.32. The company has a market capitalization of $213.97 billion, a PE ratio of 26.41, a PEG ratio of 3.12 and a beta of 0.53.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, meeting the consensus estimate of $2.67. McDonald's had a negative return on equity of 195.27% and a net margin of 31.75%. The firm had revenue of $5.96 billion for the quarter, compared to analysts' expectations of $6.17 billion. During the same quarter last year, the firm posted $2.70 EPS. The company's revenue was down 3.5% compared to the same quarter last year. On average, equities research analysts expect that McDonald's Corporation 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 will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be issued a dividend of $1.77 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.37%. McDonald's's dividend payout ratio is 62.49%.

Insider Transactions at McDonald's

In related news, CMO Edith Morgan Flatley sold 1,000 shares of the firm's stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $300.00, for a total transaction of $300,000.00. Following the transaction, the chief marketing officer directly owned 8,858 shares in the company, valued at $2,657,400. This trade represents a 10.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total value of $281,221.11. Following the transaction, the insider owned 9,283 shares in the company, valued at approximately $2,780,165.67. The trade was a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,817 shares of company stock worth $1,147,992. 0.25% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Melius assumed coverage on McDonald's in a research note on Monday, July 14th. They issued a "sell" rating and a $250.00 price objective for the company. Northcoast Research downgraded McDonald's from a "buy" rating to a "neutral" rating in a research note on Tuesday, May 6th. Truist Financial increased their price target on McDonald's from $350.00 to $356.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Robert W. Baird increased their price target on McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Finally, Morgan Stanley increased their price target on McDonald's from $324.00 to $326.00 and gave the stock an "equal weight" rating in a research note on Monday, July 14th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $322.00.

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.