McDonald's Co. (NYSE:MCD) Shares Purchased by Kinsale Capital Group Inc.

Kinsale Capital Group Inc. increased its stake in McDonald's Co. (NYSE:MCD - Free Report) by 17.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,393 shares of the fast-food giant's stock after buying an additional 3,040 shares during the quarter. McDonald's comprises approximately 1.8% of Kinsale Capital Group Inc.'s holdings, making the stock its 19th largest holding. Kinsale Capital Group Inc.'s holdings in McDonald's were worth $6,210,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Legal & General Group Plc boosted its holdings in McDonald's by 3.2% during the 2nd quarter. Legal & General Group Plc now owns 6,149,080 shares of the fast-food giant's stock valued at $1,567,030,000 after acquiring an additional 188,888 shares during the period. Capital Research Global Investors lifted its holdings in shares of McDonald's by 66.9% in the 1st quarter. Capital Research Global Investors now owns 5,471,007 shares of the fast-food giant's stock worth $1,542,550,000 after buying an additional 2,193,769 shares during the period. Ameriprise Financial Inc. grew its position in shares of McDonald's by 8.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,761,625 shares of the fast-food giant's stock worth $1,216,677,000 after buying an additional 354,196 shares in the last quarter. Capital World Investors raised its holdings in shares of McDonald's by 39.7% in the first quarter. Capital World Investors now owns 3,565,398 shares of the fast-food giant's stock valued at $1,005,264,000 after acquiring an additional 1,012,534 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its stake in McDonald's by 31,151.1% in the third quarter. International Assets Investment Management LLC now owns 2,319,142 shares of the fast-food giant's stock worth $706,202,000 after acquiring an additional 2,311,721 shares during the period. 70.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on MCD. Citigroup boosted their price objective on shares of McDonald's from $301.00 to $317.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 2nd. Argus upgraded shares of McDonald's from a "hold" rating to a "buy" rating in a report on Tuesday, October 8th. Morgan Stanley increased their price target on shares of McDonald's from $296.00 to $340.00 and gave the company an "overweight" rating in a research report on Tuesday, October 15th. Wedbush reaffirmed an "outperform" rating and issued a $295.00 price objective on shares of McDonald's in a research report on Wednesday, October 23rd. Finally, Barclays increased their target price on shares of McDonald's from $300.00 to $325.00 and gave the company an "overweight" rating in a research report on Tuesday, October 22nd. Thirteen equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $319.46.

McDonald's Stock Performance

McDonald's stock traded down $5.93 during trading 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 firm has a market capitalization of $209.70 billion, a PE ratio of 25.68, a price-to-earnings-growth ratio of 3.95 and a beta of 0.74. The firm's 50-day simple moving average is $300.06 and its 200 day simple moving average is $277.42. McDonald's Co. has a 1-year low of $243.53 and a 1-year high of $317.90.

McDonald's (NYSE:MCD - Get Free Report) last announced its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, beating 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 business had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. During the same quarter last year, the business earned $3.19 earnings per share. The company's revenue for the quarter was up 2.7% compared to the same quarter last year. Analysts anticipate that McDonald's Co. will post 11.77 EPS for the current year.

McDonald's Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid 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 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend is Monday, December 2nd. McDonald's's payout ratio is 58.65%.

Insider Buying and Selling at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $292.38, for a total value of $321,325.62. Following the completion of the sale, the insider now owns 10,385 shares in the company, valued at approximately $3,036,366.30. This represents a 9.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Marion K. Gross sold 1,498 shares of the business's stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $286.36, for a total value of $428,967.28. Following the transaction, the executive vice president now owns 1,560 shares in the company, valued at approximately $446,721.60. This represents a 48.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,596 shares of company stock valued at $10,698,289 over the last quarter. 0.23% of the stock is currently owned by insiders.

About McDonald's

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.