Mcdonald’s (MCD) Releases Earnings Results, Beats Expectations By $0.08 EPS

Mcdonald’s (NYSE:MCD) posted its earnings results on Wednesday. The fast-food giant reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.08, MarketWatch Earnings reports. The business had revenue of $5.16 billion during the quarter, compared to analyst estimates of $5.16 billion. Mcdonald’s had a negative return on equity of 116.43% and a net margin of 24.56%. The company’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.71 earnings per share.

NYSE:MCD opened at $181.77 on Thursday. Mcdonald’s has a 52 week low of $146.84 and a 52 week high of $190.88. The company has a market cap of $140.44 billion, a price-to-earnings ratio of 27.29, a PEG ratio of 2.51 and a beta of 0.59.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, March 1st will be issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 2.55%. Mcdonald’s’s dividend payout ratio is presently 69.67%.

A number of brokerages recently commented on MCD. Royal Bank of Canada reissued a “buy” rating and issued a $205.00 price target on shares of Mcdonald’s in a report on Wednesday. Wells Fargo & Co increased their price target on Mcdonald’s from $202.00 to $203.00 and gave the company an “outperform” rating in a report on Friday, January 11th. Zacks Investment Research downgraded Mcdonald’s from a “buy” rating to a “hold” rating in a report on Tuesday, December 18th. Jefferies Financial Group reissued a “buy” rating and issued a $200.00 price target on shares of Mcdonald’s in a report on Tuesday, December 4th. Finally, Morgan Stanley raised Mcdonald’s from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $173.00 to $210.00 in a report on Thursday, November 29th. Seven investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. Mcdonald’s has a consensus rating of “Buy” and an average price target of $192.27.

Large investors have recently added to or reduced their stakes in the business. Focused Wealth Management Inc lifted its holdings in shares of Mcdonald’s by 4,500.0% in the 4th quarter. Focused Wealth Management Inc now owns 184 shares of the fast-food giant’s stock worth $33,000 after purchasing an additional 180 shares during the last quarter. Highwater Wealth Management LLC bought a new stake in shares of Mcdonald’s in the 4th quarter worth approximately $38,000. Strategic Wealth Partners Ltd. lifted its holdings in shares of Mcdonald’s by 47.9% in the 4th quarter. Strategic Wealth Partners Ltd. now owns 207 shares of the fast-food giant’s stock worth $38,000 after purchasing an additional 67 shares during the last quarter. New Capital Management LP lifted its holdings in shares of Mcdonald’s by 33.1% in the 4th quarter. New Capital Management LP now owns 221 shares of the fast-food giant’s stock worth $39,000 after purchasing an additional 55 shares during the last quarter. Finally, Tower View Investment Management & Research LLC lifted its holdings in shares of Mcdonald’s by 20.6% in the 4th quarter. Tower View Investment Management & Research LLC now owns 375 shares of the fast-food giant’s stock worth $67,000 after purchasing an additional 64 shares during the last quarter. 67.23% of the stock is currently owned by institutional investors.

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About Mcdonald’s

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2017, the company operated 37,241 restaurants, including 34,108 franchised restaurants comprising 21,366 franchised to conventional franchisees, 6,945 licensed to developmental licensees, and 5,797 licensed to foreign affiliates; and 3,133 company-operated restaurants.

Further Reading: Intrinsic Value and Stock Selection

Earnings History for Mcdonald`s (NYSE:MCD)

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