McDonald’s (NYSE:MCD) Issues Earnings Results

McDonald’s (NYSE:MCDGet Rating) released its quarterly earnings data on Thursday. The fast-food giant reported $2.28 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.11, MarketWatch Earnings reports. McDonald’s had a negative return on equity of 119.62% and a net margin of 32.49%. The company had revenue of $5.67 billion for the quarter, compared to the consensus estimate of $5.57 billion. During the same period last year, the business posted $1.92 EPS. The company’s quarterly revenue was up 10.6% compared to the same quarter last year.

Shares of MCD opened at $254.19 on Friday. McDonald’s has a 52 week low of $217.68 and a 52 week high of $271.15. The firm has a market cap of $188.00 billion, a price-to-earnings ratio of 25.32, a PEG ratio of 3.01 and a beta of 0.61. The stock has a 50 day moving average of $243.54 and a 200-day moving average of $251.23.

Several research analysts recently commented on MCD shares. The Goldman Sachs Group raised their price target on shares of McDonald’s from $284.00 to $287.00 in a report on Wednesday, January 19th. UBS Group reduced their target price on shares of McDonald’s from $300.00 to $290.00 and set a “buy” rating on the stock in a report on Wednesday, March 30th. BTIG Research decreased their price target on shares of McDonald’s from $295.00 to $280.00 and set a “buy” rating for the company in a research report on Tuesday, April 19th. Zacks Investment Research reissued a “hold” rating on shares of McDonald’s in a research report on Thursday, March 17th. Finally, Citigroup upped their target price on McDonald’s from $270.00 to $273.00 in a research report on Friday. Seven analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $279.96.

In other news, Director Catherine M. Engelbert acquired 1,000 shares of McDonald’s stock in a transaction that occurred on Monday, February 28th. The shares were purchased at an average cost of $244.18 per share, for a total transaction of $244,180.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.25% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MCD. Morgan Stanley boosted its stake in McDonald’s by 4.7% in the second quarter. Morgan Stanley now owns 8,376,495 shares of the fast-food giant’s stock valued at $1,934,888,000 after acquiring an additional 372,512 shares during the period. Toroso Investments LLC boosted its position in McDonald’s by 113.3% during the 4th quarter. Toroso Investments LLC now owns 16,360 shares of the fast-food giant’s stock valued at $4,386,000 after purchasing an additional 8,689 shares during the period. Heritage Wealth Advisors grew its stake in McDonald’s by 0.9% during the 4th quarter. Heritage Wealth Advisors now owns 12,001 shares of the fast-food giant’s stock worth $3,217,000 after buying an additional 112 shares during the last quarter. Flagship Harbor Advisors LLC increased its position in McDonald’s by 12.7% in the fourth quarter. Flagship Harbor Advisors LLC now owns 5,732 shares of the fast-food giant’s stock worth $1,537,000 after buying an additional 644 shares during the period. Finally, Schonfeld Strategic Advisors LLC bought a new stake in McDonald’s in the fourth quarter valued at $273,000. Hedge funds and other institutional investors own 67.23% 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 for McDonald's (NYSE:MCD)

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