McDonald's Co. (NYSE:MCD) – Equities researchers at Piper Jaffray upped their Q1 2018 EPS estimates for shares of McDonald's in a note issued to investors on Sunday, April 15th. Piper Jaffray analyst N. Regan now expects that the fast-food giant will post earnings per share of $1.68 for the quarter, up from their prior forecast of $1.67. Piper Jaffray currently has a “Buy” rating and a $185.00 target price on the stock. Piper Jaffray also issued estimates for McDonald's’ Q4 2018 earnings at $1.93 EPS, FY2018 earnings at $7.64 EPS, Q4 2019 earnings at $2.08 EPS and FY2020 earnings at $8.74 EPS.
MCD has been the subject of a number of other research reports. Goldman Sachs reiterated a “buy” rating and set a $186.00 target price on shares of McDonald's in a report on Friday, March 23rd. Royal Bank of Canada set a $190.00 target price on McDonald's and gave the stock a “buy” rating in a report on Thursday, December 21st. Bank of America set a $200.00 price objective on McDonald's and gave the company a “buy” rating in a report on Monday, January 29th. Credit Suisse Group restated an “outperform” rating and issued a $185.00 price objective (up previously from $178.00) on shares of McDonald's in a report on Tuesday, December 19th. Finally, Barclays restated an “overweight” rating and issued a $205.00 price objective (up previously from $193.00) on shares of McDonald's in a report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $183.40.
MCD stock opened at $161.63 on Tuesday. The stock has a market cap of $128,494.15, a price-to-earnings ratio of 24.25, a PEG ratio of 2.44 and a beta of 0.64. The company has a debt-to-equity ratio of -9.04, a current ratio of 1.84 and a quick ratio of 1.82. McDonald's has a 1 year low of $130.91 and a 1 year high of $178.70.
McDonald's (NYSE:MCD) last released its earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.12. The firm had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.22 billion. McDonald's had a negative return on equity of 201.76% and a net margin of 22.75%. The company’s revenue was down 11.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.44 EPS.
In other McDonald's news, VP Catherine A. Hoovel sold 1,398 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The shares were 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 directly owns 1,398 shares in the company, valued at $238,414.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Douglas M. Goare sold 34,575 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $173.53, for a total transaction 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 hedge funds have recently modified their holdings of the business. Highland Private Wealth Management lifted its position in McDonald's by 0.3% during the second quarter. Highland Private Wealth Management now owns 2,182 shares of the fast-food giant’s stock worth $335,000 after acquiring an additional 6 shares during the last quarter. Sunbelt Securities Inc. lifted its position in McDonald's by 0.9% during the second quarter. Sunbelt Securities Inc. now owns 4,295 shares of the fast-food giant’s stock worth $658,000 after acquiring an additional 37 shares during the last quarter. Southeast Asset Advisors Inc. lifted its position in McDonald's by 1.6% during the second quarter. Southeast Asset Advisors Inc. now owns 2,480 shares of the fast-food giant’s stock worth $380,000 after acquiring an additional 39 shares during the last quarter. Baker Avenue Asset Management LP lifted its position in McDonald's by 2.8% during the second quarter. Baker Avenue Asset Management LP now owns 1,703 shares of the fast-food giant’s stock worth $261,000 after acquiring an additional 47 shares during the last quarter. Finally, South Texas Money Management Ltd. increased its holdings in shares of McDonald's by 1.2% during the second quarter. South Texas Money Management Ltd. now owns 4,211 shares of the fast-food giant’s stock worth $645,000 after purchasing an additional 51 shares during the period. Hedge funds and other institutional investors own 68.49% 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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