Mcdonald’s (NYSE:MCD) announced its quarterly earnings results on Wednesday. The fast-food giant reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.01, Bloomberg Earnings reports. Mcdonald’s had a net margin of 28.59% and a negative return on equity of 79.57%. The company had revenue of $5.35 billion for the quarter, compared to the consensus estimate of $5.30 billion. During the same quarter in the prior year, the firm earned $1.97 earnings per share. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year.
MCD stock traded down $2.19 on Friday, hitting $213.99. 1,731,931 shares of the company were exchanged, compared to its average volume of 3,500,137. The stock has a market capitalization of $161.49 billion, a price-to-earnings ratio of 27.16, a price-to-earnings-growth ratio of 3.01 and a beta of 0.45. The business’s fifty day moving average is $203.68 and its two-hundred day moving average is $206.45. Mcdonald’s has a twelve month low of $173.41 and a twelve month high of $221.93.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.34%. The ex-dividend date is Friday, February 28th. Mcdonald’s’s dividend payout ratio (DPR) is 63.78%.
Several analysts have issued reports on MCD shares. Morgan Stanley upped their price target on shares of Mcdonald’s from $214.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, December 19th. Wells Fargo & Co upped their price target on shares of Mcdonald’s from $234.00 to $236.00 and gave the company an “overweight” rating in a report on Thursday. Credit Suisse Group reduced their price objective on shares of Mcdonald’s from $236.00 to $230.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Longbow Research raised shares of Mcdonald’s from a “neutral” rating to a “buy” rating and set a $227.00 price objective on the stock in a research note on Friday, November 8th. Finally, BMO Capital Markets upped their price objective on shares of Mcdonald’s from $225.00 to $235.00 and gave the company an “outperform” rating in a research note on Thursday. Nine research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. Mcdonald’s has a consensus rating of “Buy” and an average price target of $226.82.
In other news, Director John W. Rogers, Jr. acquired 1,000 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The shares were purchased at an average cost of $194.12 per share, for a total transaction of $194,120.00. Following the transaction, the director now directly owns 88,500 shares in the company, valued at approximately $17,179,620. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Christopher J. Kempczinski acquired 2,580 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was purchased at an average price of $193.81 per share, for a total transaction of $500,029.80. Following the completion of the transaction, the chief executive officer now owns 2,580 shares in the company, valued at $500,029.80. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 7,380 shares of company stock worth $1,430,223. 0.25% of the stock is currently owned by insiders.
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.
See Also: What is an overbought condition?
Receive News & Ratings for Mcdonald's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mcdonald's and related companies with MarketBeat.com's FREE daily email newsletter.