$5.30 Billion in Sales Expected for Mcdonald’s Corp (NYSE:MCD) This Quarter

Brokerages predict that Mcdonald’s Corp (NYSE:MCD) will announce $5.30 billion in sales for the current quarter, Zacks Investment Research reports. Eleven analysts have issued estimates for Mcdonald’s’ earnings, with the lowest sales estimate coming in at $5.15 billion and the highest estimate coming in at $5.44 billion. Mcdonald’s reported sales of $5.16 billion during the same quarter last year, which indicates a positive year over year growth rate of 2.7%. The firm is expected to report its next earnings report on Wednesday, January 29th.

On average, analysts expect that Mcdonald’s will report full-year sales of $21.03 billion for the current fiscal year, with estimates ranging from $20.88 billion to $21.16 billion. For the next year, analysts expect that the business will report sales of $21.65 billion, with estimates ranging from $21.36 billion to $22.07 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that cover Mcdonald’s.

Mcdonald’s (NYSE:MCD) last released its quarterly earnings data on Tuesday, October 22nd. The fast-food giant reported $2.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.21 by ($0.10). Mcdonald’s had a negative return on equity of 85.71% and a net margin of 28.09%. The business had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.47 billion. During the same quarter in the previous year, the company posted $2.10 EPS. The business’s quarterly revenue was up 1.1% on a year-over-year basis.

A number of research firms recently weighed in on MCD. MKM Partners lowered their target price on shares of Mcdonald’s from $240.00 to $225.00 and set a “buy” rating on the stock in a report on Monday, November 4th. SunTrust Banks cut their price target on Mcdonald’s from $240.00 to $230.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Piper Jaffray Companies lowered Mcdonald’s from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $224.00 to $195.00 in a report on Monday, November 4th. BTIG Research increased their price objective on Mcdonald’s from $220.00 to $240.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Finally, ValuEngine lowered Mcdonald’s from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Eight research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $222.11.

Shares of NYSE MCD opened at $195.35 on Friday. The company has a 50-day moving average price of $195.63 and a 200-day moving average price of $206.80. The stock has a market capitalization of $147.12 billion, a P/E ratio of 24.73, a P/E/G ratio of 3.09 and a beta of 0.46. Mcdonald’s has a 1 year low of $169.04 and a 1 year high of $221.93.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $1.25 per share. This is a positive change from Mcdonald’s’s previous quarterly dividend of $1.16. This represents a $5.00 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend is Friday, November 29th. Mcdonald’s’s dividend payout ratio (DPR) is 63.29%.

In other Mcdonald’s news, CEO Christopher J. Kempczinski bought 2,580 shares of the stock in a transaction dated Wednesday, November 6th. The shares were bought at an average cost of $193.81 per share, for a total transaction of $500,029.80. Following the purchase, the chief executive officer now directly owns 2,580 shares of the company’s stock, valued at approximately $500,029.80. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director John J. Mulligan purchased 1,300 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was bought at an average cost of $193.46 per share, for a total transaction of $251,498.00. Following the completion of the acquisition, the director now directly owns 2,900 shares in the company, valued at approximately $561,034. The disclosure for this purchase can be found here. In the last three months, insiders acquired 7,380 shares of company stock worth $1,430,223. Insiders own 0.25% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of MCD. Ancora Advisors LLC grew its holdings in Mcdonald’s by 8.2% during the second quarter. Ancora Advisors LLC now owns 59,915 shares of the fast-food giant’s stock valued at $12,442,000 after purchasing an additional 4,559 shares during the period. GFS Advisors LLC purchased a new stake in Mcdonald’s in the 2nd quarter worth about $212,000. Massmutual Trust Co. FSB ADV increased its holdings in Mcdonald’s by 1.3% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 70,802 shares of the fast-food giant’s stock worth $14,703,000 after acquiring an additional 892 shares during the last quarter. Capital Investment Advisory Services LLC raised its stake in Mcdonald’s by 224.2% in the 2nd quarter. Capital Investment Advisory Services LLC now owns 5,483 shares of the fast-food giant’s stock valued at $1,179,000 after acquiring an additional 3,792 shares during the period. Finally, Ropes Wealth Advisors LLC lifted its holdings in Mcdonald’s by 9.9% during the third quarter. Ropes Wealth Advisors LLC now owns 24,962 shares of the fast-food giant’s stock valued at $5,360,000 after purchasing an additional 2,247 shares during the last quarter. Institutional investors own 67.21% of the company’s stock.

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, 2018, the company operated 37,855 restaurants, including 35,085 franchised restaurants comprising 21,685 franchised to conventional franchisees, 7,225 licensed to developmental licensees, and 6,175 licensed to foreign affiliates; and 2,770 company-operated restaurants.

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

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