McDonald’s Corporation (NYSE:MCD) issued its quarterly earnings data on Tuesday. The fast-food giant reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.08, RTT News reports. McDonald’s Corporation had a negative return on equity of 266.50% and a net margin of 21.00%. The business had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.96 billion. During the same period in the prior year, the company posted $1.45 EPS. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year.
McDonald’s Corporation (NYSE:MCD) traded up 0.26% during trading on Thursday, reaching $156.91. 930,368 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $153.62 and a 200-day moving average price of $137.94. McDonald’s Corporation has a 12 month low of $110.33 and a 12 month high of $157.43. The firm has a market cap of $127.89 billion, a PE ratio of 27.70 and a beta of 0.70. McDonald’s Corporation also was the target of some unusual options trading activity on Monday. Stock investors bought 35,169 put options on the stock. This is an increase of approximately 342% compared to the average daily volume of 7,948 put options.
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MCD has been the subject of a number of recent analyst reports. Wells Fargo & Company reissued an “outperform” rating and issued a $175.00 price objective (up from $165.00) on shares of McDonald’s Corporation in a report on Monday, June 26th. Nomura set a $172.00 price objective on McDonald’s Corporation and gave the stock a “buy” rating in a report on Wednesday, July 19th. Royal Bank Of Canada set a $170.00 price objective on McDonald’s Corporation and gave the stock a “buy” rating in a report on Thursday, June 22nd. Cleveland Research raised McDonald’s Corporation from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 11th. Finally, Barclays PLC increased their price target on McDonald’s Corporation from $139.00 to $155.00 and gave the company an “overweight” rating in a research note on Wednesday, April 26th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-four have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $159.94.
A number of institutional investors have recently modified their holdings of the stock. Norges Bank bought a new position in shares of McDonald’s Corporation during the fourth quarter valued at approximately $960,307,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in shares of McDonald’s Corporation during the fourth quarter valued at approximately $112,315,000. Swiss National Bank increased its position in shares of McDonald’s Corporation by 18.0% in the first quarter. Swiss National Bank now owns 3,653,548 shares of the fast-food giant’s stock valued at $473,536,000 after buying an additional 558,300 shares during the last quarter. Karp Capital Management Corp bought a new position in shares of McDonald’s Corporation during the first quarter valued at approximately $66,583,000. Finally, WINTON GROUP Ltd increased its position in shares of McDonald’s Corporation by 1,155.8% in the first quarter. WINTON GROUP Ltd now owns 544,488 shares of the fast-food giant’s stock valued at $62,812,000 after buying an additional 501,130 shares during the last quarter. 67.66% of the stock is owned by institutional investors and hedge funds.
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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