McDonald's Co. (MCD) Expected to Post Quarterly Sales of $4.94 Billion

Wall Street analysts expect that McDonald's Co. (NYSE:MCD) will report sales of $4.94 billion for the current quarter, according to Zacks Investment Research. Nine analysts have provided estimates for McDonald's’ earnings, with estimates ranging from $4.78 billion to $5.10 billion. McDonald's posted sales of $5.68 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 13%. The business is scheduled to announce its next quarterly earnings results on Tuesday, April 24th.

According to Zacks, analysts expect that McDonald's will report full-year sales of $4.94 billion for the current fiscal year, with estimates ranging from $20.13 billion to $21.97 billion. For the next fiscal year, analysts expect that the company will report sales of $21.10 billion per share, with estimates ranging from $19.61 billion to $22.63 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for McDonald's.

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McDonald's (NYSE:MCD) last announced its earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 EPS for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.12. The firm had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.22 billion. McDonald's had a negative return on equity of 201.76% and a net margin of 22.75%. The company’s quarterly revenue was down 11.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.44 EPS.

A number of equities analysts have recently commented on the company. Morgan Stanley dropped their target price on McDonald's from $184.00 to $169.00 and set a “neutral” rating for the company in a report on Monday, March 26th. Goldman Sachs reiterated a “buy” rating and issued a $186.00 target price on shares of McDonald's in a report on Friday, March 23rd. BMO Capital Markets reiterated a “buy” rating and issued a $190.00 target price on shares of McDonald's in a report on Monday, March 12th. JPMorgan Chase reiterated a “buy” rating and issued a $182.00 target price on shares of McDonald's in a report on Monday, March 12th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $170.00 target price on shares of McDonald's in a report on Monday, March 12th. Nine investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $182.78.

Shares of McDonald's stock traded up $1.34 on Wednesday, reaching $157.72. The company had a trading volume of 6,960,027 shares, compared to its average volume of 4,900,410. The stock has a market cap of $124,243.59, a price-to-earnings ratio of 23.68, a price-to-earnings-growth ratio of 2.36 and a beta of 0.64. The company has a debt-to-equity ratio of -9.04, a quick ratio of 1.82 and a current ratio of 1.84. McDonald's has a 1 year low of $128.65 and a 1 year high of $178.70.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st were issued a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 2.56%. The ex-dividend date was Wednesday, February 28th. McDonald's’s dividend payout ratio is 60.66%.

In other McDonald's news, insider Douglas M. Goare sold 34,575 shares of the company’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $173.53, for a total value of $5,999,799.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Catherine A. Hoovel sold 1,398 shares of the company’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $170.54, for a total value of $238,414.92. Following the completion of the sale, the vice president now owns 1,398 shares of the company’s stock, valued at $238,414.92. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of MCD. Vantage Financial Partners Ltd. Inc. bought a new position in shares of McDonald's in the 2nd quarter worth $322,000. Pinnacle Wealth Planning Services Inc. bought a new position in shares of McDonald's in the 4th quarter worth $109,000. Tarbox Family Office Inc. raised its position in shares of McDonald's by 105.8% in the 4th quarter. Tarbox Family Office Inc. now owns 638 shares of the fast-food giant’s stock worth $110,000 after acquiring an additional 328 shares in the last quarter. Horan Capital Management bought a new position in shares of McDonald's in the 4th quarter worth $110,000. Finally, Horan Capital Advisors LLC. bought a new position in shares of McDonald's in the 3rd quarter worth $104,000. Institutional investors and hedge funds own 68.54% of the company’s stock.

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About McDonald's

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.

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