Kinsale Capital Group Inc. Acquires 2,881 Shares of McDonald’s Co. (NYSE:MCD)

Kinsale Capital Group Inc. grew its holdings in McDonald’s Co. (NYSE:MCD) by 14.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,274 shares of the fast-food giant’s stock after acquiring an additional 2,881 shares during the quarter. McDonald’s accounts for 1.8% of Kinsale Capital Group Inc.’s portfolio, making the stock its 21st largest holding. Kinsale Capital Group Inc.’s holdings in McDonald’s were worth $6,747,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Mattern Capital Management LLC boosted its position in shares of McDonald’s by 2.0% in the fourth quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant’s stock valued at $8,729,000 after acquiring an additional 579 shares during the period. Bell Bank boosted its position in shares of McDonald’s by 3.0% in the fourth quarter. Bell Bank now owns 12,699 shares of the fast-food giant’s stock valued at $3,681,000 after acquiring an additional 371 shares during the period. Kennebec Savings Bank bought a new position in McDonald’s in the third quarter worth $1,394,000. YANKCOM Partnership bought a new position in McDonald’s in the fourth quarter worth $1,628,000. Finally, Charles Schwab Investment Management Inc. lifted its position in McDonald’s by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock worth $1,694,403,000 after purchasing an additional 49,106 shares during the period. 70.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MCD. Wedbush raised their target price on McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Robert W. Baird raised their target price on McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 11th. TD Securities reaffirmed a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a research report on Monday, February 10th. Truist Financial reduced their target price on McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Finally, Piper Sandler reduced their target price on McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Ten investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $323.61.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 300 shares of McDonald’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the completion of the sale, the insider now directly owns 7,887 shares in the company, valued at $2,214,275.25. This trade represents a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Christopher J. Kempczinski sold 10,500 shares of McDonald’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total value of $3,255,525.00. Following the completion of the sale, the chief executive officer now owns 32,756 shares of the company’s stock, valued at approximately $10,155,997.80. The trade was a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,504 shares of company stock worth $10,206,575 over the last three months. 0.23% of the stock is currently owned by company insiders.

McDonald’s Stock Performance

Shares of NYSE:MCD opened at $308.17 on Friday. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The firm has a market cap of $220.18 billion, a PE ratio of 27.06, a price-to-earnings-growth ratio of 3.10 and a beta of 0.74. The business has a fifty day moving average of $294.06 and a 200-day moving average of $295.27.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, hitting analysts’ consensus estimates of $2.83. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. On average, analysts anticipate that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a $1.77 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.30%. McDonald’s’s payout ratio is 62.16%.

About McDonald’s

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.