SunTrust Banks Equities Analysts Cut Earnings Estimates for McDonald's Co. (MCD)

McDonald's Co. (NYSE:MCD) – Analysts at SunTrust Banks dropped their Q1 2018 earnings estimates for McDonald's in a report released on Wednesday. SunTrust Banks analyst J. Bartlett now anticipates that the fast-food giant will earn $1.64 per share for the quarter, down from their prior forecast of $1.81. SunTrust Banks currently has a “Buy” rating and a $187.00 target price on the stock. SunTrust Banks also issued estimates for McDonald's’ Q2 2018 earnings at $1.97 EPS, Q3 2018 earnings at $2.11 EPS, Q4 2018 earnings at $2.01 EPS, FY2018 earnings at $7.72 EPS and FY2019 earnings at $8.12 EPS.

A number of other research analysts have also commented on the company. Mizuho reiterated a “buy” rating and set a $173.00 price target (up from $170.00) on shares of McDonald's in a report on Wednesday, September 13th. Jefferies Group upgraded McDonald's from a “hold” rating to a “buy” rating and boosted their price objective for the company from $150.00 to $200.00 in a research report on Tuesday, December 5th. Goldman Sachs Group set a $173.00 price objective on McDonald's and gave the company a “buy” rating in a research report on Wednesday, November 8th. Deutsche Bank set a $185.00 price objective on McDonald's and gave the company a “buy” rating in a research report on Thursday, October 26th. Finally, Royal Bank of Canada restated a “buy” rating and set a $175.00 price objective on shares of McDonald's in a research report on Friday, September 8th. Nine equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $178.52.

McDonald's (MCD) opened at $174.05 on Friday. McDonald's has a 1-year low of $118.52 and a 1-year high of $175.78. The company has a market capitalization of $140,980.00, a P/E ratio of 25.12, a PEG ratio of 2.62 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.

McDonald's (NYSE:MCD) last issued its quarterly earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.01. McDonald's had a negative return on equity of 216.45% and a net margin of 24.19%. The company had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.75 billion. During the same period in the previous year, the company earned $1.62 earnings per share. The company’s quarterly revenue was down 10.4% compared to the same quarter last year.

A number of large investors have recently made changes to their positions in the business. Horan Capital Advisors LLC. acquired a new position in McDonald's in the third quarter worth $104,000. Phocas Financial Corp. acquired a new position in McDonald's in the second quarter worth $107,000. Proficio Capital Partners LLC boosted its stake in McDonald's by 0.7% in the second quarter. Proficio Capital Partners LLC now owns 745 shares of the fast-food giant’s stock worth $117,000 after purchasing an additional 5 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in McDonald's by 219.2% in the third quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 830 shares of the fast-food giant’s stock worth $130,000 after purchasing an additional 570 shares in the last quarter. Finally, Howe & Rusling Inc. boosted its stake in McDonald's by 75.0% in the third quarter. Howe & Rusling Inc. now owns 840 shares of the fast-food giant’s stock worth $132,000 after purchasing an additional 360 shares in the last quarter. Hedge funds and other institutional investors own 67.27% of the company’s stock.

In other McDonald's news, VP James R. Sappington sold 8,046 shares of the company’s stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $165.00, for a total value of $1,327,590.00. Following the sale, the vice president now directly 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 hyperlink. Also, insider Stephen Easterbrook sold 171,577 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $168.32, for a total value of $28,879,840.64. Following the completion of the sale, the insider now owns 49,778 shares in the company, valued at $8,378,632.96. The disclosure for this sale can be found here. Corporate insiders own 0.24% 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.

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