Equities analysts expect that McDonald’s Corporation (NYSE:MCD) will announce $5.97 billion in sales for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for McDonald’s Corporation’s earnings. The lowest sales estimate is $5.82 billion and the highest is $6.21 billion. McDonald’s Corporation reported sales of $6.27 billion during the same quarter last year, which would suggest a negative year over year growth rate of 4.8%. The company is expected to announce its next earnings report before the market opens on Tuesday, July 25th.
According to Zacks, analysts expect that McDonald’s Corporation will report full-year sales of $5.97 billion for the current financial year, with estimates ranging from $21.58 billion to $23.50 billion. For the next financial year, analysts forecast that the firm will post sales of $19.92 billion per share, with estimates ranging from $18.54 billion to $23.24 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow McDonald’s Corporation.
McDonald’s Corporation (NYSE:MCD) last announced its quarterly earnings data on Tuesday, April 25th. The fast-food giant reported $1.47 EPS for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.14. The firm had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.53 billion. McDonald’s Corporation had a net margin of 19.58% and a negative return on equity of 387.22%. The firm’s revenue was down 3.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.23 earnings per share.
Several research analysts have recently issued reports on MCD shares. J P Morgan Chase & Co reiterated an “overweight” rating and issued a $127.00 price objective on shares of McDonald’s Corporation in a report on Wednesday, February 22nd. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of McDonald’s Corporation in a report on Sunday, March 5th. Morgan Stanley reiterated a “neutral” rating and issued a $127.00 price objective on shares of McDonald’s Corporation in a report on Wednesday, February 22nd. Citigroup Inc. increased their price objective on shares of McDonald’s Corporation from $123.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, March 20th. Finally, Cleveland Research upgraded shares of McDonald’s Corporation from a “neutral” rating to a “buy” rating in a report on Tuesday, April 11th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-two have issued a buy rating to the company. McDonald’s Corporation currently has an average rating of “Buy” and an average price target of $145.96.
Shares of McDonald’s Corporation (NYSE MCD) traded up 0.309% during midday trading on Thursday, reaching $154.205. 459,215 shares of the company were exchanged. McDonald’s Corporation has a 52-week low of $110.33 and a 52-week high of $155.28. The company’s 50-day moving average price is $148.55 and its 200 day moving average price is $132.16. The stock has a market capitalization of $125.69 billion, a price-to-earnings ratio of 27.221 and a beta of 0.68. McDonald’s Corporation also was the target of some unusual options trading activity on Monday. Traders purchased 18,133 put options on the stock. This represents an increase of 165% compared to the average daily volume of 6,833 put options.
The company also recently announced a quarterly dividend, which was paid on Monday, June 19th. Investors of record on Monday, June 5th were paid a $0.94 dividend. The ex-dividend date of this dividend was Thursday, June 1st. This represents a $3.76 dividend on an annualized basis and a yield of 2.45%. McDonald’s Corporation’s payout ratio is presently 66.43%.
In related news, VP James R. Sappington sold 13,912 shares of the firm’s stock in a transaction on Thursday, April 27th. The shares were sold at an average price of $141.39, for a total value of $1,967,017.68. Following the transaction, the vice president now directly owns 14,608 shares in the company, valued at approximately $2,065,425.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.24% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of MCD. Proficio Capital Partners LLC raised its position in McDonald’s Corporation by 87.8% in the first quarter. Proficio Capital Partners LLC now owns 740 shares of the fast-food giant’s stock worth $111,000 after buying an additional 346 shares during the last quarter. Vigilant Capital Management LLC raised its position in McDonald’s Corporation by 9.4% in the first quarter. Vigilant Capital Management LLC now owns 977 shares of the fast-food giant’s stock worth $127,000 after buying an additional 84 shares during the last quarter. Mark Sheptoff Financial Planning LLC raised its position in McDonald’s Corporation by 10.6% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 1,051 shares of the fast-food giant’s stock worth $136,000 after buying an additional 101 shares during the last quarter. Zions Bancorporation raised its position in McDonald’s Corporation by 0.6% in the fourth quarter. Zions Bancorporation now owns 1,069 shares of the fast-food giant’s stock worth $130,000 after buying an additional 6 shares during the last quarter. Finally, Thomas J. Herzfeld Advisors Inc. purchased a new position in McDonald’s Corporation during the fourth quarter worth about $131,000. Institutional investors and hedge funds own 67.57% of the company’s stock.
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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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