McDonald’s (NYSE:MCD) Issues Earnings Results, Beats Expectations By $0.12 EPS

McDonald’s (NYSE:MCDGet Free Report) issued its quarterly earnings results on Monday. The fast-food giant reported $2.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.83 by $0.12, MarketWatch Earnings reports. The company had revenue of $6.41 billion for the quarter, compared to analyst estimates of $6.45 billion. McDonald’s had a net margin of 33.31% and a negative return on equity of 157.19%. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.59 earnings per share.

McDonald’s Price Performance

McDonald’s stock opened at $285.97 on Tuesday. McDonald’s has a 12 month low of $245.73 and a 12 month high of $302.39. The business has a 50 day simple moving average of $291.87 and a 200-day simple moving average of $280.20. The stock has a market capitalization of $207.43 billion, a PE ratio of 25.17, a price-to-earnings-growth ratio of 2.62 and a beta of 0.73.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 4,583 shares of the company’s stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $290.70, for a total transaction of $1,332,278.10. Following the completion of the sale, the insider now owns 8,187 shares in the company, valued at $2,379,960.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other McDonald’s news, insider Joseph M. Erlinger sold 4,487 shares of the stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $281.25, for a total value of $1,261,968.75. Following the completion of the transaction, the insider now owns 8,908 shares in the company, valued at $2,505,375. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 4,583 shares of the stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $290.70, for a total value of $1,332,278.10. Following the completion of the transaction, the insider now owns 8,187 shares of the company’s stock, valued at approximately $2,379,960.90. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Moneta Group Investment Advisors LLC grew its holdings in McDonald’s by 106,340.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 19,235,890 shares of the fast-food giant’s stock valued at $5,069,234,000 after purchasing an additional 19,217,818 shares during the last quarter. Norges Bank acquired a new stake in McDonald’s in the fourth quarter valued at $2,341,360,000. Charles Schwab Investment Management Inc. grew its holdings in McDonald’s by 2.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 5,117,531 shares of the fast-food giant’s stock valued at $1,265,463,000 after purchasing an additional 108,282 shares during the last quarter. Barclays PLC grew its holdings in McDonald’s by 89.5% in the second quarter. Barclays PLC now owns 2,568,877 shares of the fast-food giant’s stock valued at $766,580,000 after purchasing an additional 1,213,230 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in McDonald’s by 44.2% in the first quarter. Renaissance Technologies LLC now owns 2,531,400 shares of the fast-food giant’s stock valued at $625,965,000 after purchasing an additional 776,419 shares during the last quarter. Hedge funds and other institutional investors own 67.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. DZ Bank raised McDonald’s from a “hold” rating to a “buy” rating and set a $300.00 price objective for the company in a research report on Tuesday, October 31st. BMO Capital Markets boosted their price objective on McDonald’s from $325.00 to $335.00 and gave the stock an “outperform” rating in a research report on Thursday, December 7th. Wedbush reissued an “outperform” rating and set a $310.00 price objective on shares of McDonald’s in a research report on Tuesday, October 31st. TD Cowen boosted their price objective on McDonald’s from $300.00 to $325.00 and gave the stock an “outperform” rating in a research report on Thursday, December 7th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $315.00 price objective on shares of McDonald’s in a research report on Thursday, December 7th. Five research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $318.43.

View Our Latest Analysis on MCD

McDonald’s Company Profile

(Get Free Report)

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. The company's restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, fries, salads, shakes, frozen desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including muffins, Sausages, biscuit and bagel sandwiches, oatmeal, hash browns, breakfast burritos and hotcakes.

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Earnings History for McDonald's (NYSE:MCD)

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