Brokers Set Expectations for McDonald’s Corporation’s FY2017 Earnings (MCD)

McDonald’s Corporation (NYSE:MCD) – Equities researchers at Jefferies Group increased their FY2017 earnings per share (EPS) estimates for shares of McDonald’s in a note issued to investors on Tuesday. Jefferies Group analyst A. Barish now anticipates that the fast-food giant will earn $6.47 per share for the year, up from their previous estimate of $6.45. Jefferies Group currently has a “Buy” rating and a $200.00 target price 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.

McDonald’s (NYSE:MCD) last announced its earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 EPS for the quarter, topping the Thomson Reuters’ 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 analysts’ expectations of $5.75 billion. During the same period last year, the firm earned $1.62 earnings per share. The business’s revenue for the quarter was down 10.4% on a year-over-year basis.

Several other research analysts have also recently commented on the stock. Mizuho reaffirmed a “buy” rating and set a $173.00 target price (up from $170.00) on shares of McDonald’s in a report on Wednesday, September 13th. Robert W. Baird reaffirmed a “buy” rating and set a $170.00 target price on shares of McDonald’s in a report on Friday, September 1st. Deutsche Bank set a $185.00 target price on shares of McDonald’s and gave the stock a “buy” rating in a report on Thursday, October 26th. Goldman Sachs Group set a $173.00 target price on shares of McDonald’s and gave the stock a “buy” rating in a report on Wednesday, November 8th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $175.00 target price on shares of McDonald’s in a report on Friday, September 8th. Ten equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $173.95.

McDonald’s (MCD) opened at $172.99 on Wednesday. McDonald’s has a fifty-two week low of $118.18 and a fifty-two week high of $174.25. The company has a market cap of $136,039.72, a P/E ratio of 26.66, a PEG ratio of 2.79 and a beta of 0.67. The company has a current ratio of 1.28, a quick ratio of 1.27 and a debt-to-equity ratio of -8.17.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a $1.01 dividend. The ex-dividend date is Thursday, November 30th. This represents a $4.04 dividend on an annualized basis and a yield of 2.34%. This is a positive change from McDonald’s’s previous quarterly dividend of $0.94. McDonald’s’s dividend payout ratio (DPR) is currently 58.30%.

In other McDonald’s news, VP James R. Sappington sold 8,046 shares of the firm’s stock in a transaction that occurred 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 sale, the vice president now owns 15,739 shares in the company, valued at $2,596,935. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stephen Easterbrook sold 171,577 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at approximately $8,378,632.96. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of McDonald’s by 1.6% during the second quarter. Vanguard Group Inc. now owns 57,300,686 shares of the fast-food giant’s stock worth $8,776,174,000 after purchasing an additional 906,303 shares during the period. BlackRock Inc. lifted its holdings in McDonald’s by 3.0% in the second quarter. BlackRock Inc. now owns 54,606,388 shares of the fast-food giant’s stock valued at $8,363,515,000 after buying an additional 1,586,761 shares during the period. Capital World Investors increased its stake in McDonald’s by 2.8% in the second quarter. Capital World Investors now owns 22,288,104 shares of the fast-food giant’s stock valued at $3,413,646,000 after purchasing an additional 606,232 shares in the last quarter. Capital Research Global Investors increased its stake in McDonald’s by 15.0% in the second quarter. Capital Research Global Investors now owns 12,058,661 shares of the fast-food giant’s stock valued at $1,846,905,000 after purchasing an additional 1,572,074 shares in the last quarter. Finally, Northern Trust Corp increased its stake in McDonald’s by 3.1% in the second quarter. Northern Trust Corp now owns 11,835,647 shares of the fast-food giant’s stock valued at $1,812,747,000 after purchasing an additional 360,212 shares in the last quarter. Institutional investors own 67.40% of the company’s stock.

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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.

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

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