Wall Street brokerages expect Mcdonald’s Corp (NYSE:MCD) to post earnings per share of $2.22 for the current quarter, according to Zacks Investment Research. Nine analysts have issued estimates for Mcdonald’s’ earnings, with estimates ranging from $2.18 to $2.26. Mcdonald’s posted earnings per share of $2.10 in the same quarter last year, which indicates a positive year over year growth rate of 5.7%. The business is expected to issue its next quarterly earnings report on Tuesday, October 22nd.
According to Zacks, analysts expect that Mcdonald’s will report full year earnings of $8.01 per share for the current financial year, with EPS estimates ranging from $7.92 to $8.07. For the next financial year, analysts forecast that the business will report earnings of $8.77 per share, with EPS estimates ranging from $8.60 to $8.90. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Mcdonald’s.
Mcdonald’s (NYSE:MCD) last announced its quarterly earnings results on Friday, July 26th. The fast-food giant reported $2.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.06 by ($0.01). Mcdonald’s had a net margin of 28.32% and a negative return on equity of 92.02%. The company had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.34 billion. During the same quarter in the prior year, the company earned $1.99 earnings per share. The business’s revenue for the quarter was down .2% on a year-over-year basis.
A number of research analysts recently commented on the stock. Barclays set a $230.00 target price on shares of Mcdonald’s and gave the company a “buy” rating in a research report on Friday, July 26th. MKM Partners began coverage on shares of Mcdonald’s in a research report on Tuesday, August 13th. They issued a “buy” rating and a $250.00 price target for the company. BMO Capital Markets upped their price objective on shares of Mcdonald’s to $230.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Robert W. Baird raised their price objective on Mcdonald’s from $225.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Finally, TheStreet raised Mcdonald’s from a “c+” rating to a “b-” rating in a report on Monday, August 26th. Eight equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $220.55.
In other Mcdonald’s news, VP Catherine A. Hoovel sold 457 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $218.15, for a total transaction of $99,694.55. Following the transaction, the vice president now owns 1,348 shares in the company, valued at approximately $294,066.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Silvia Lagnado sold 26,649 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $212.58, for a total value of $5,665,044.42. Following the transaction, the executive vice president now directly owns 40,129 shares of the company’s stock, valued at $8,530,622.82. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by company insiders.
Several institutional investors have recently bought and sold shares of MCD. Ancora Advisors LLC increased its position in shares of Mcdonald’s by 8.2% in the second quarter. Ancora Advisors LLC now owns 59,915 shares of the fast-food giant’s stock valued at $12,442,000 after buying an additional 4,559 shares in the last quarter. Lourd Capital LLC increased its holdings in Mcdonald’s by 8.2% during the 2nd quarter. Lourd Capital LLC now owns 1,593 shares of the fast-food giant’s stock valued at $331,000 after acquiring an additional 121 shares in the last quarter. Ballentine Partners LLC increased its holdings in Mcdonald’s by 168.7% during the 2nd quarter. Ballentine Partners LLC now owns 15,024 shares of the fast-food giant’s stock valued at $3,120,000 after acquiring an additional 9,433 shares in the last quarter. GFS Advisors LLC acquired a new position in Mcdonald’s during the second quarter worth about $212,000. Finally, Hudson Valley Investment Advisors Inc. ADV raised its position in Mcdonald’s by 1.4% during the second quarter. Hudson Valley Investment Advisors Inc. ADV now owns 5,601 shares of the fast-food giant’s stock worth $1,163,000 after acquiring an additional 75 shares during the last quarter. Hedge funds and other institutional investors own 67.70% of the company’s stock.
Shares of Mcdonald’s stock traded up $0.52 during trading hours on Friday, hitting $210.20. The company had a trading volume of 3,297,433 shares, compared to its average volume of 3,093,303. The company’s 50-day moving average is $216.70 and its two-hundred day moving average is $201.97. Mcdonald’s has a twelve month low of $156.56 and a twelve month high of $221.93. The company has a market cap of $159.20 billion, a P/E ratio of 26.61, a price-to-earnings-growth ratio of 3.22 and a beta of 0.49.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be given a dividend of $1.16 per share. The ex-dividend date is Friday, August 30th. This represents a $4.64 dividend on an annualized basis and a yield of 2.21%. Mcdonald’s’s payout ratio is currently 58.73%.
Mcdonald’s Company Profile
McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2018, the company operated 37,855 restaurants, including 35,085 franchised restaurants comprising 21,685 franchised to conventional franchisees, 7,225 licensed to developmental licensees, and 6,175 licensed to foreign affiliates; and 2,770 company-operated restaurants.
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