McDonald’s Co. (NYSE:MCD) – Analysts at Truist Securiti dropped their Q2 2021 earnings per share estimates for shares of McDonald’s in a research note issued to investors on Thursday, January 28th. Truist Securiti analyst J. Bartlett now anticipates that the fast-food giant will post earnings of $2.08 per share for the quarter, down from their previous estimate of $2.13. McDonald’s (NYSE:MCD) last announced its earnings results on Wednesday, January 27th. The fast-food giant reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.07). The company had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.35 billion. McDonald’s had a net margin of 25.60% and a negative return on equity of 53.62%. McDonald’s‘s quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.97 EPS.
A number of other research analysts have also weighed in on MCD. Zacks Investment Research lowered McDonald’s from a “buy” rating to a “hold” rating and set a $238.00 price target on the stock. in a research note on Tuesday, October 13th. Oppenheimer raised McDonald’s from a “market perform” rating to an “outperform” rating and set a $240.00 price target on the stock in a research note on Thursday, January 7th. Wedbush assumed coverage on McDonald’s in a research note on Monday, January 4th. They set an “outperform” rating and a $240.00 price target on the stock. Stephens increased their price target on McDonald’s from $225.00 to $232.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 7th. Finally, Smith Barney Citigroup assumed coverage on McDonald’s in a research note on Monday, January 4th. They set a “neutral” rating and a $230.00 price target on the stock. Eight research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. McDonald’s presently has an average rating of “Buy” and an average target price of $232.76.
Shares of NYSE:MCD opened at $207.84 on Monday. The business’s fifty day moving average price is $212.25 and its two-hundred day moving average price is $213.03. The stock has a market cap of $154.86 billion, a PE ratio of 31.73, a price-to-earnings-growth ratio of 3.17 and a beta of 0.58. McDonald’s has a one year low of $124.23 and a one year high of $231.91.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 15th. Stockholders of record on Monday, March 1st will be paid a dividend of $1.29 per share. The ex-dividend date is Friday, February 26th. This represents a $5.16 annualized dividend and a dividend yield of 2.48%. McDonald’s‘s dividend payout ratio is presently 65.82%.
In other McDonald’s news, insider Ian Frederick Borden sold 4,149 shares of McDonald’s stock in a transaction that occurred on Tuesday, November 10th. The stock was sold at an average price of $215.75, for a total value of $895,146.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 7,377 shares of McDonald’s stock in a transaction that occurred on Monday, November 16th. The shares were sold at an average price of $215.59, for a total value of $1,590,407.43. Following the completion of the transaction, the insider now owns 15,564 shares of the company’s stock, valued at $3,355,442.76. The disclosure for this sale can be found here. Insiders sold 33,456 shares of company stock valued at $7,214,101 over the last quarter. Insiders own 0.25% of the company’s stock.
A number of hedge funds have recently modified their holdings of MCD. Clark Financial Advisors bought a new stake in shares of McDonald’s during the fourth quarter valued at approximately $25,000. price Wealth LLC raised its holdings in shares of McDonald’s by 100.0% during the third quarter. price Wealth LLC now owns 122 shares of the fast-food giant’s stock valued at $27,000 after buying an additional 61 shares during the last quarter. Catalyst Private Wealth LLC bought a new stake in shares of McDonald’s during the third quarter valued at approximately $27,000. Fiduciary Planning LLC bought a new stake in shares of McDonald’s during the third quarter valued at approximately $30,000. Finally, Baron Financial Group LLC bought a new stake in shares of McDonald’s during the third quarter valued at approximately $33,000. Institutional investors own 66.25% 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 and beverages, as well as breakfast menu. As of December 31, 2019, the company operated 38,695 restaurants. McDonald’s Corporation was founded in 1940 and is based in Chicago, Illinois.
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