Equities research analysts expect that McDonald’s Corporation (NYSE:MCD) will post earnings per share of $1.73 for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for McDonald’s Corporation’s earnings, with the highest EPS estimate coming in at $1.92 and the lowest estimate coming in at $1.63. McDonald’s Corporation posted earnings of $1.62 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 6.8%. The business is expected to issue its next quarterly earnings report on Friday, October 20th.
According to Zacks, analysts expect that McDonald’s Corporation will report full-year earnings of $6.50 per share for the current financial year, with EPS estimates ranging from $6.35 to $6.80. For the next financial year, analysts expect that the company will report earnings of $6.87 per share, with EPS estimates ranging from $6.55 to $7.28. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow McDonald’s Corporation.
McDonald’s Corporation (NYSE:MCD) last posted its earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.62 by $0.08. The firm had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.96 billion. McDonald’s Corporation had a negative return on equity of 266.50% and a net margin of 21.00%. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.45 earnings per share.
A number of analysts have weighed in on MCD shares. Nomura set a $172.00 price target on McDonald’s Corporation and gave the stock a “buy” rating in a report on Wednesday, July 19th. Wells Fargo & Company reiterated an “outperform” rating and set a $175.00 price target (up from $165.00) on shares of McDonald’s Corporation in a report on Monday, June 26th. Royal Bank Of Canada set a $170.00 price target on McDonald’s Corporation and gave the stock a “buy” rating in a report on Thursday, June 22nd. Cleveland Research raised shares of McDonald’s Corporation from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 11th. Finally, Goldman Sachs Group, Inc. (The) set a $174.00 price objective on shares of McDonald’s Corporation and gave the stock a “buy” rating in a research report on Thursday, July 27th. Thirteen research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $162.16.
In other news, CFO Kevin M. Ozan sold 25,322 shares of McDonald’s Corporation stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $158.50, for a total transaction of $4,013,537.00. Following the completion of the sale, the chief financial officer now directly owns 24,039 shares of the company’s stock, valued at approximately $3,810,181.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jerome N. Krulewitch sold 11,755 shares of McDonald’s Corporation stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $158.38, for a total transaction of $1,861,756.90. Following the sale, the executive vice president now directly owns 11,755 shares of the company’s stock, valued at $1,861,756.90. The disclosure for this sale can be found here. Insiders have sold a total of 54,363 shares of company stock valued at $8,615,125 over the last ninety days. 0.24% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the company. Orrstown Financial Services Inc. increased its stake in McDonald’s Corporation by 17.2% in the second quarter. Orrstown Financial Services Inc. now owns 709 shares of the fast-food giant’s stock valued at $108,000 after buying an additional 104 shares in the last quarter. Proficio Capital Partners LLC increased its stake in McDonald’s Corporation by 87.8% in the first quarter. Proficio Capital Partners LLC now owns 740 shares of the fast-food giant’s stock valued at $111,000 after buying an additional 346 shares in the last quarter. Vigilant Capital Management LLC increased its stake in McDonald’s Corporation by 9.4% in the first quarter. Vigilant Capital Management LLC now owns 977 shares of the fast-food giant’s stock valued at $127,000 after buying an additional 84 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. acquired a new stake in McDonald’s Corporation during the fourth quarter valued at $131,000. Finally, Signature Estate & Investment Advisors LLC acquired a new stake in McDonald’s Corporation during the first quarter valued at $146,000. 67.52% of the stock is owned by institutional investors.
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McDonald’s Corporation (NYSE MCD) traded down 0.50% on Friday, reaching $154.20. The company’s stock had a trading volume of 1,185,101 shares. The stock’s 50 day moving average price is $154.15 and its 200 day moving average price is $139.07. McDonald’s Corporation has a 12 month low of $110.33 and a 12 month high of $159.98. The company has a market cap of $125.68 billion, a P/E ratio of 25.24 and a beta of 0.70.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date is Wednesday, August 30th. McDonald’s Corporation’s dividend payout ratio is currently 61.54%.
About McDonald’s Corporation
McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.
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