Wall Street brokerages expect that Mcdonald’s Corp (NYSE:MCD) will report $5.30 billion in sales for the current quarter, Zacks reports. Ten analysts have issued estimates for Mcdonald’s’ earnings. The lowest sales estimate is $5.23 billion and the highest is $5.50 billion. Mcdonald’s reported sales of $5.35 billion in the same quarter last year, which indicates a negative year over year growth rate of 0.9%. The business is expected to report its next earnings report on Thursday, July 25th.
According to Zacks, analysts expect that Mcdonald’s will report full year sales of $21.00 billion for the current year, with estimates ranging from $20.75 billion to $21.39 billion. For the next financial year, analysts forecast that the business will post sales of $21.44 billion, with estimates ranging from $20.80 billion to $21.97 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Mcdonald’s.
Mcdonald’s (NYSE:MCD) last released its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $1.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by ($0.01). Mcdonald’s had a negative return on equity of 95.31% and a net margin of 28.20%. The business had revenue of $4.96 billion during the quarter, compared to analyst estimates of $4.94 billion. During the same period in the previous year, the company earned $1.79 EPS. Mcdonald’s’s revenue was down 3.6% on a year-over-year basis.
MCD has been the subject of several recent research reports. Stephens raised shares of Mcdonald’s from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $180.00 to $200.00 in a research report on Tuesday, February 19th. Barclays increased their price objective on shares of Mcdonald’s from $208.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Bank of America increased their price objective on shares of Mcdonald’s from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Stifel Nicolaus increased their price objective on shares of Mcdonald’s from $190.00 to $200.00 and gave the stock a “hold” rating in a research report on Friday. They noted that the move was a valuation call. Finally, Zacks Investment Research raised shares of Mcdonald’s from a “sell” rating to a “hold” rating in a report on Friday, April 26th. Seven analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $205.36.
In other Mcdonald’s news, insider Ian Frederick Borden sold 4,149 shares of the stock in a transaction on Monday, May 20th. The shares were sold at an average price of $199.22, for a total transaction of $826,563.78. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Christopher J. Kempczinski sold 38,729 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $195.21, for a total transaction of $7,560,288.09. Following the transaction, the insider now owns 11,658 shares in the company, valued at $2,275,758.18. The disclosure for this sale can be found here. Insiders have sold a total of 104,449 shares of company stock worth $20,458,931 over the last quarter. 0.25% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Domani Wealth LLC increased its holdings in shares of Mcdonald’s by 8.3% in the fourth quarter. Domani Wealth LLC now owns 1,437 shares of the fast-food giant’s stock worth $255,000 after purchasing an additional 110 shares during the last quarter. Private Capital Group LLC increased its stake in Mcdonald’s by 15.9% during the fourth quarter. Private Capital Group LLC now owns 3,962 shares of the fast-food giant’s stock worth $703,000 after acquiring an additional 545 shares during the last quarter. UNIVEST FINANCIAL Corp increased its stake in Mcdonald’s by 16.0% during the fourth quarter. UNIVEST FINANCIAL Corp now owns 2,005 shares of the fast-food giant’s stock worth $356,000 after acquiring an additional 277 shares during the last quarter. Harvest Group Wealth Management LLC bought a new stake in Mcdonald’s during the fourth quarter worth approximately $304,000. Finally, Inlet Private Wealth LLC bought a new stake in Mcdonald’s during the fourth quarter worth approximately $240,000. Hedge funds and other institutional investors own 67.76% of the company’s stock.
Shares of Mcdonald’s stock traded up $0.80 during trading hours on Friday, hitting $205.29. The company’s stock had a trading volume of 2,715,837 shares, compared to its average volume of 3,011,657. Mcdonald’s has a 1-year low of $153.13 and a 1-year high of $206.39. The firm has a market capitalization of $156.75 billion, a P/E ratio of 25.99, a PEG ratio of 2.87 and a beta of 0.50.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be paid a dividend of $1.16 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $4.64 dividend on an annualized basis and a yield of 2.26%. Mcdonald’s’s dividend payout ratio (DPR) is 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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