Q1 2022 EPS Estimates for McDonald’s Co. Reduced by Wedbush (NYSE:MCD)

McDonald’s Co. (NYSE:MCDGet Rating) – Equities researchers at Wedbush dropped their Q1 2022 earnings per share (EPS) estimates for McDonald’s in a research report issued on Friday, April 22nd. Wedbush analyst N. Setyan now expects that the fast-food giant will post earnings of $2.17 per share for the quarter, down from their previous forecast of $2.19. Wedbush has a “Outperform” rating on the stock. Wedbush also issued estimates for McDonald’s’ Q1 2023 earnings at $2.35 EPS, Q2 2023 earnings at $2.73 EPS, Q3 2023 earnings at $3.02 EPS, Q4 2023 earnings at $2.61 EPS and FY2023 earnings at $10.71 EPS.

McDonald’s (NYSE:MCDGet Rating) last issued its earnings results on Thursday, January 27th. The fast-food giant reported $2.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.31 by ($0.08). The firm had revenue of $6.01 billion during the quarter, compared to analysts’ expectations of $6.03 billion. McDonald’s had a net margin of 32.49% and a negative return on equity of 119.62%. The firm’s revenue was up 13.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.70 EPS.

A number of other research firms also recently commented on MCD. Oppenheimer decreased their price objective on shares of McDonald’s from $290.00 to $280.00 in a report on Monday, March 14th. The Goldman Sachs Group boosted their price objective on shares of McDonald’s from $284.00 to $287.00 in a report on Wednesday, January 19th. Zacks Investment Research reissued a “hold” rating on shares of McDonald’s in a report on Thursday, March 17th. Morgan Stanley decreased their price objective on shares of McDonald’s from $294.00 to $287.00 and set an “overweight” rating on the stock in a report on Thursday, March 17th. Finally, Robert W. Baird upped their price target on shares of McDonald’s from $268.00 to $293.00 in a report on Tuesday, January 25th. Seven investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $279.96.

MCD stock opened at $250.17 on Monday. The company has a market cap of $185.03 billion, a P/E ratio of 24.92, a P/E/G ratio of 3.01 and a beta of 0.61. McDonald’s has a 52 week low of $217.68 and a 52 week high of $271.15. The company’s 50-day moving average price is $243.66 and its 200 day moving average price is $251.19.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Blue Square Asset Management LLC grew its stake in McDonald’s by 0.8% during the fourth quarter. Blue Square Asset Management LLC now owns 4,743 shares of the fast-food giant’s stock worth $1,271,000 after buying an additional 39 shares during the period. Red Wave Investments LLC boosted its stake in shares of McDonald’s by 4.2% in the fourth quarter. Red Wave Investments LLC now owns 984 shares of the fast-food giant’s stock valued at $264,000 after purchasing an additional 40 shares during the period. Jag Capital Management LLC boosted its stake in shares of McDonald’s by 1.1% in the fourth quarter. Jag Capital Management LLC now owns 3,600 shares of the fast-food giant’s stock valued at $965,000 after purchasing an additional 40 shares during the period. Clear Perspectives Financial Planning LLC boosted its stake in shares of McDonald’s by 50.0% in the third quarter. Clear Perspectives Financial Planning LLC now owns 123 shares of the fast-food giant’s stock valued at $30,000 after purchasing an additional 41 shares during the period. Finally, Vista Wealth Management Group LLC boosted its stake in shares of McDonald’s by 3.3% in the fourth quarter. Vista Wealth Management Group LLC now owns 1,285 shares of the fast-food giant’s stock valued at $344,000 after purchasing an additional 41 shares during the period. Institutional investors own 67.23% of the company’s stock.

In other McDonald’s news, Director Catherine M. Engelbert acquired 1,000 shares of the firm’s stock in a transaction on Monday, February 28th. The stock was bought at an average cost of $244.18 per share, for a total transaction of $244,180.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.25% of the company’s stock.

McDonald’s Company Profile (Get Rating)

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, wraps, fries, salads, oatmeal, shakes, desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including biscuit and bagel sandwiches, breakfast burritos, hotcakes, and other sandwiches.

See Also

Earnings History and Estimates for McDonald's (NYSE:MCD)

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