McDonald’s Corporation (NYSE:MCD) - Research analysts at Oppenheimer Holdings cut their Q4 2017 EPS estimates for shares of McDonald’s Corporation in a note issued to investors on Tuesday. Oppenheimer Holdings analyst B. Bittner now anticipates that the fast-food giant will post earnings per share of $1.51 for the quarter, down from their prior forecast of $1.53.
Several other analysts also recently weighed in on the company. Piper Jaffray Companies reissued a “buy” rating and issued a $170.00 target price on shares of McDonald’s Corporation in a report on Friday. Cowen and Company reissued a “buy” rating and issued a $180.00 target price on shares of McDonald’s Corporation in a report on Friday. Jefferies Group LLC reissued a “hold” rating on shares of McDonald’s Corporation in a report on Thursday. Zacks Investment Research raised McDonald’s Corporation from a “hold” rating to a “buy” rating and set a $170.00 target price for the company in a report on Thursday. Finally, Goldman Sachs Group, Inc. (The) set a $174.00 target price on McDonald’s Corporation and gave the company a “buy” rating in a report on Thursday. One research 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 company’s stock. The stock has a consensus rating of “Buy” and an average price target of $161.74.
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Shares of McDonald’s Corporation (NYSE:MCD) traded down 0.76% during mid-day trading on Friday, reaching $155.76. 2,537,775 shares of the company’s stock were exchanged. The firm has a market capitalization of $126.96 billion, a P/E ratio of 27.50 and a beta of 0.70. The stock has a 50-day moving average of $153.76 and a 200 day moving average of $138.08. McDonald’s Corporation has a one year low of $110.33 and a one year high of $156.75.
McDonald’s Corporation (NYSE:MCD) last announced its quarterly earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 EPS for the quarter, beating the Zacks’ consensus estimate of $1.62 by $0.08. The business had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.96 billion. McDonald’s Corporation had a net margin of 21.00% and a negative return on equity of 266.50%. McDonald’s Corporation’s quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.45 EPS.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.40%. McDonald’s Corporation’s dividend payout ratio is presently 61.54%.
In other McDonald’s Corporation news, EVP Jerome N. Krulewitch sold 11,755 shares of the 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 transaction, the executive vice president now owns 11,755 shares of the company’s stock, valued at approximately $1,861,756.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Douglas M. Goare sold 17,286 shares of the stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $158.50, for a total value of $2,739,831.00. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. ST Germain D J Co. Inc. raised its position in shares of McDonald’s Corporation by 28.9% in the second quarter. ST Germain D J Co. Inc. now owns 4,908 shares of the fast-food giant’s stock worth $752,000 after buying an additional 1,100 shares in the last quarter. Cantor Fitzgerald Investment Adviser L.P. acquired a new position in shares of McDonald’s Corporation during the second quarter worth $1,363,000. LifePlan Financial Group Inc raised its position in shares of McDonald’s Corporation by 19.0% in the second quarter. LifePlan Financial Group Inc now owns 2,508 shares of the fast-food giant’s stock worth $384,000 after buying an additional 400 shares in the last quarter. Ingalls & Snyder LLC raised its position in shares of McDonald’s Corporation by 0.4% in the second quarter. Ingalls & Snyder LLC now owns 11,194 shares of the fast-food giant’s stock worth $1,714,000 after buying an additional 50 shares in the last quarter. Finally, Braun Stacey Associates Inc. raised its position in shares of McDonald’s Corporation by 37.5% in the second quarter. Braun Stacey Associates Inc. now owns 12,650 shares of the fast-food giant’s stock worth $1,937,000 after buying an additional 3,450 shares in the last quarter. 67.66% of the stock is currently owned by institutional investors.
McDonald’s Corporation Company Profile
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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