Piper Sandler Comments on Mcdonald’s Corp’s Q3 2020 Earnings (NYSE:MCD)

Mcdonald’s Corp (NYSE:MCD) – Piper Sandler boosted their Q3 2020 earnings per share estimates for Mcdonald’s in a note issued to investors on Tuesday, July 28th. Piper Sandler analyst N. Regan now expects that the fast-food giant will earn $1.69 per share for the quarter, up from their previous estimate of $1.46. Piper Sandler currently has a “Neutral” rating and a $170.00 target price on the stock. Piper Sandler also issued estimates for Mcdonald’s’ FY2020 earnings at $5.54 EPS, Q2 2021 earnings at $1.80 EPS, Q3 2021 earnings at $2.18 EPS, Q4 2021 earnings at $2.00 EPS and FY2021 earnings at $7.66 EPS.

Mcdonald’s (NYSE:MCD) last released its quarterly earnings results on Tuesday, July 28th. The fast-food giant reported $0.66 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.10). Mcdonald’s had a negative return on equity of 53.94% and a net margin of 24.78%. The company had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.73 billion. During the same period last year, the firm posted $2.05 earnings per share. The business’s revenue was down 29.6% on a year-over-year basis.

Several other research analysts have also recently issued reports on MCD. Wells Fargo & Co increased their price target on Mcdonald’s from $209.00 to $220.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 16th. Telsey Advisory Group reaffirmed an “outperform” rating on shares of Mcdonald’s in a report on Wednesday, April 22nd. Stephens upped their target price on Mcdonald’s from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Stifel Nicolaus increased their price objective on Mcdonald’s from $182.00 to $195.00 and gave the stock a “hold” rating in a research note on Tuesday, July 28th. Finally, BTIG Research dropped their target price on Mcdonald’s from $240.00 to $220.00 and set a “buy” rating on the stock in a research report on Thursday, April 9th. Nine research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $210.00.

MCD stock opened at $194.28 on Friday. The firm has a market cap of $145.30 billion, a P/E ratio of 30.79, a P/E/G ratio of 4.32 and a beta of 0.65. The stock’s 50 day simple moving average is $188.80 and its 200 day simple moving average is $190.03. Mcdonald’s has a 12-month low of $124.23 and a 12-month high of $221.93.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date of this dividend is Monday, August 31st. Mcdonald’s’s payout ratio is 63.78%.

A number of institutional investors have recently modified their holdings of MCD. PrairieView Partners LLC purchased a new stake in shares of Mcdonald’s in the first quarter worth $33,000. CVA Family Office LLC bought a new stake in Mcdonald’s during the 1st quarter valued at about $33,000. Lake Point Wealth Management lifted its holdings in Mcdonald’s by 2,462.5% during the 1st quarter. Lake Point Wealth Management now owns 205 shares of the fast-food giant’s stock valued at $34,000 after buying an additional 197 shares in the last quarter. Reitz Capital Advisors LLC bought a new stake in shares of Mcdonald’s in the 2nd quarter valued at about $42,000. Finally, JJJ Advisors Inc. raised its holdings in shares of Mcdonald’s by 119.4% in the 2nd quarter. JJJ Advisors Inc. now owns 272 shares of the fast-food giant’s stock valued at $50,000 after purchasing an additional 148 shares in the last quarter. Institutional investors own 67.04% of the company’s stock.

Mcdonald’s Company Profile

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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