Brokerages expect McDonald's Co. (NYSE:MCD) to post sales of $4.96 billion for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have made estimates for McDonald's’ earnings. The highest sales estimate is $5.10 billion and the lowest is $4.78 billion. McDonald's posted sales of $5.68 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 12.7%. The business is scheduled to issue its next quarterly earnings report on Tuesday, April 24th.
According to Zacks, analysts expect that McDonald's will report full-year sales of $4.96 billion for the current financial year, with estimates ranging from $20.13 billion to $21.97 billion. For the next financial year, analysts expect that the company will report sales of $21.21 billion per share, with estimates ranging from $19.71 billion to $22.63 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for McDonald's.
McDonald's (NYSE:MCD) last released its earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.12. McDonald's had a negative return on equity of 217.17% and a net margin of 22.75%. The company had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.22 billion. During the same quarter last year, the company earned $1.44 earnings per share. McDonald's’s quarterly revenue was down 11.4% compared to the same quarter last year.
A number of equities research analysts have commented on the company. JPMorgan Chase & Co. set a $184.00 target price on McDonald's and gave the company a “buy” rating in a report on Wednesday, January 31st. Zacks Investment Research downgraded McDonald's from a “buy” rating to a “hold” rating in a report on Friday, October 27th. Nomura reissued a “buy” rating and issued a $198.00 target price (up previously from $190.00) on shares of McDonald's in a report on Tuesday, January 23rd. Credit Suisse Group set a $191.00 target price on McDonald's and gave the company a “buy” rating in a report on Tuesday, January 30th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $190.00 target price on shares of McDonald's in a report on Wednesday, January 31st. Nine analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $184.95.
Shares of McDonald's (MCD) opened at $158.64 on Thursday. McDonald's has a fifty-two week low of $126.40 and a fifty-two week high of $178.70. The company has a debt-to-equity ratio of -8.17, a current ratio of 1.28 and a quick ratio of 1.27. The company has a market capitalization of $125,285.70, a price-to-earnings ratio of 23.56, a price-to-earnings-growth ratio of 2.28 and a beta of 0.59.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be given a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend is Wednesday, February 28th. McDonald's’s dividend payout ratio is presently 63.52%.
In related news, VP Catherine A. Hoovel sold 1,398 shares of McDonald's stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $170.54, for a total transaction of $238,414.92. Following the completion of the sale, the vice president now owns 1,398 shares in the company, valued at approximately $238,414.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Douglas M. Goare sold 34,575 shares of McDonald's stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $173.53, for a total value of $5,999,799.75. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.
A number of institutional investors have recently bought and sold shares of MCD. Horan Capital Advisors LLC. purchased a new stake in McDonald's in the 3rd quarter valued at about $104,000. Phocas Financial Corp. purchased a new stake in McDonald's in the 2nd quarter valued at about $107,000. Pinnacle Wealth Planning Services Inc. purchased a new stake in McDonald's in the 4th quarter valued at about $109,000. Tarbox Family Office Inc. grew its holdings in McDonald's by 105.8% in the 4th quarter. Tarbox Family Office Inc. now owns 638 shares of the fast-food giant’s stock valued at $110,000 after buying an additional 328 shares during the period. Finally, Horan Capital Management purchased a new stake in McDonald's in the 4th quarter valued at about $110,000. Hedge funds and other institutional investors own 67.23% of the company’s stock.
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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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