Mcdonald’s Corp (NYSE:MCD) – Equities research analysts at Oppenheimer lowered their Q1 2019 EPS estimates for shares of Mcdonald’s in a report released on Tuesday, February 5th. Oppenheimer analyst B. Bittner now expects that the fast-food giant will post earnings per share of $1.76 for the quarter, down from their prior forecast of $1.78. Oppenheimer also issued estimates for Mcdonald’s’ Q2 2019 earnings at $2.03 EPS, Q3 2019 earnings at $2.19 EPS, Q4 2019 earnings at $2.00 EPS, FY2019 earnings at $7.99 EPS and FY2020 earnings at $8.66 EPS.
A number of other research analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of Mcdonald’s from a “hold” rating to a “buy” rating and set a $209.00 price objective for the company in a research note on Monday, December 17th. Morningstar set a $190.00 price objective on shares of Mcdonald’s and gave the stock a “neutral” rating in a research note on Wednesday, October 24th. Stephens raised their price objective on shares of Mcdonald’s to $170.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 24th. ValuEngine raised shares of Mcdonald’s from a “hold” rating to a “buy” rating in a research note on Thursday, October 11th. Finally, Goldman Sachs Group reissued a “buy” rating and set a $195.00 price objective on shares of Mcdonald’s in a research note on Friday, October 26th. Seven research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. Mcdonald’s currently has a consensus rating of “Buy” and a consensus target price of $192.35.
Shares of Mcdonald’s stock opened at $177.57 on Wednesday. Mcdonald’s has a 12-month low of $146.84 and a 12-month high of $190.88. The stock has a market capitalization of $136.89 billion, a price-to-earnings ratio of 22.48, a P/E/G ratio of 2.45 and a beta of 0.52.
Mcdonald’s (NYSE:MCD) last issued its earnings results on Wednesday, January 30th. The fast-food giant reported $1.97 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.90 by $0.07. Mcdonald’s had a net margin of 28.18% and a negative return on equity of 104.38%. The company had revenue of $5.16 billion during the quarter, compared to analysts’ expectations of $5.16 billion. During the same period last year, the company posted $1.71 earnings per share. The firm’s quarterly revenue was down 3.3% compared to the same quarter last year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, March 1st will be given a dividend of $1.16 per share. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $4.64 dividend on an annualized basis and a yield of 2.61%. Mcdonald’s’s dividend payout ratio (DPR) is currently 58.73%.
In related news, VP Robert Lane Gibbs sold 22,036 shares of the firm’s stock in a transaction that occurred on Thursday, January 31st. The shares were sold at an average price of $180.95, for a total transaction of $3,987,414.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Andrew J. Mckenna sold 30,000 shares of Mcdonald’s stock in a transaction on Thursday, January 31st. The shares were sold at an average price of $180.27, for a total transaction of $5,408,100.00. The disclosure for this sale can be found here. 0.22% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Ruggie Capital Group boosted its holdings in shares of Mcdonald’s by 3,020.0% in the 4th quarter. Ruggie Capital Group now owns 156 shares of the fast-food giant’s stock valued at $28,000 after purchasing an additional 151 shares during the last quarter. Gantzert Investment Co. LLC ADV purchased a new position in shares of Mcdonald’s in the 4th quarter valued at $31,000. Focused Wealth Management Inc raised its stake in shares of Mcdonald’s by 4,500.0% in the 4th quarter. Focused Wealth Management Inc now owns 184 shares of the fast-food giant’s stock valued at $33,000 after acquiring an additional 180 shares during the period. Highwater Wealth Management LLC purchased a new position in shares of Mcdonald’s in the 4th quarter valued at $38,000. Finally, Strategic Wealth Partners Ltd. raised its stake in shares of Mcdonald’s by 47.9% in the 4th quarter. Strategic Wealth Partners Ltd. now owns 207 shares of the fast-food giant’s stock valued at $38,000 after acquiring an additional 67 shares during the period. Institutional investors own 67.21% of the company’s stock.
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, 2017, the company operated 37,241 restaurants, including 34,108 franchised restaurants comprising 21,366 franchised to conventional franchisees, 6,945 licensed to developmental licensees, and 5,797 licensed to foreign affiliates; and 3,133 company-operated restaurants.
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