McDonald’s Corporation (NYSE:MCD) – Analysts at Jefferies Group upped their FY2017 EPS estimates for McDonald’s in a research report issued on Tuesday. Jefferies Group analyst A. Barish now forecasts that the fast-food giant will earn $6.47 per share for the year, up from their previous forecast of $6.45. Jefferies Group has a “Buy” rating and a $200.00 price objective on the stock. Jefferies Group also issued estimates for McDonald’s’ Q2 2018 earnings at $1.76 EPS, Q3 2018 earnings at $1.86 EPS, Q4 2018 earnings at $1.77 EPS, FY2018 earnings at $6.92 EPS and FY2019 earnings at $7.68 EPS.
Several other equities analysts have also weighed in on MCD. ValuEngine lowered shares of McDonald’s from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Goldman Sachs Group set a $173.00 price objective on shares of McDonald’s and gave the company a “buy” rating in a report on Wednesday, November 8th. Zacks Investment Research lowered shares of McDonald’s from a “buy” rating to a “hold” rating in a report on Friday, October 27th. Deutsche Bank set a $185.00 target price on shares of McDonald’s and gave the company a “buy” rating in a research note on Thursday, October 26th. Finally, Credit Suisse Group upped their target price on shares of McDonald’s from $170.00 to $178.00 and gave the company an “outperform” rating in a research note on Wednesday, October 25th. Ten investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $173.95.
McDonald’s (NYSE:MCD) last announced its earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.75 by $0.01. McDonald’s had a net margin of 24.19% and a negative return on equity of 216.45%. The company had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.75 billion. During the same period in the prior year, the business earned $1.62 earnings per share. McDonald’s’s quarterly revenue was down 10.4% on a year-over-year basis.
Several large investors have recently added to or reduced their stakes in MCD. Vantage Financial Partners Ltd. Inc. bought a new stake in McDonald’s during the 2nd quarter valued at $322,000. Horan Capital Advisors LLC. bought a new stake in McDonald’s during the 3rd quarter valued at $104,000. Phocas Financial Corp. bought a new stake in shares of McDonald’s in the 2nd quarter worth $107,000. Proficio Capital Partners LLC grew its stake in shares of McDonald’s by 87.8% in the 1st quarter. Proficio Capital Partners LLC now owns 740 shares of the fast-food giant’s stock worth $111,000 after acquiring an additional 346 shares in the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. grew its stake in shares of McDonald’s by 219.2% in the 3rd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 830 shares of the fast-food giant’s stock worth $130,000 after acquiring an additional 570 shares in the last quarter. Institutional investors own 67.40% of the company’s stock.
In other news, VP James R. Sappington sold 8,046 shares of McDonald’s stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $165.00, for a total value of $1,327,590.00. Following the completion of the sale, the vice president now owns 15,739 shares in the company, valued at approximately $2,596,935. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Stephen Easterbrook sold 171,577 shares of McDonald’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $168.32, for a total transaction of $28,879,840.64. Following the completion of the sale, the insider now owns 49,778 shares of the company’s stock, valued at approximately $8,378,632.96. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by insiders.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a $1.01 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.33%. This is an increase from McDonald’s’s previous quarterly dividend of $0.94. McDonald’s’s payout ratio is 58.30%.
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McDonald’s 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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