$5.30 Billion in Sales Expected for Mcdonald’s Corp (NYSE:MCD) This Quarter

Wall Street brokerages expect Mcdonald’s Corp (NYSE:MCD) to post $5.30 billion in sales for the current quarter, according to Zacks Investment Research. Ten analysts have provided estimates for Mcdonald’s’ earnings, with estimates ranging from $5.23 billion to $5.50 billion. Mcdonald’s posted sales of $5.35 billion in the same quarter last year, which would indicate a negative year over year growth rate of 0.9%. The company is expected to report its next earnings report on Thursday, July 25th.

According to Zacks, analysts expect that Mcdonald’s will report full year sales of $21.00 billion for the current year, with estimates ranging from $20.75 billion to $21.39 billion. For the next financial year, analysts expect that the firm will report sales of $21.44 billion, with estimates ranging from $20.80 billion to $21.97 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Mcdonald’s.

Mcdonald’s (NYSE:MCD) last released its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $1.72 EPS for the quarter, missing the consensus estimate of $1.73 by ($0.01). The business had revenue of $4.96 billion during the quarter, compared to analysts’ expectations of $4.94 billion. Mcdonald’s had a negative return on equity of 95.31% and a net margin of 28.20%. Mcdonald’s’s quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.79 earnings per share.

A number of research firms recently issued reports on MCD. Bank of America increased their target price on shares of Mcdonald’s from $215.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, June 7th. Evercore ISI began coverage on shares of Mcdonald’s in a research report on Tuesday. They set an “outperform” rating and a $225.00 target price for the company. UBS Group increased their target price on shares of Mcdonald’s from $185.00 to $203.00 and gave the stock a “neutral” rating in a research report on Tuesday. Longbow Research downgraded shares of Mcdonald’s from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $200.00 to $197.00 in a research report on Wednesday, May 1st. They noted that the move was a valuation call. Finally, BTIG Research increased their target price on shares of Mcdonald’s to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Seven equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. Mcdonald’s has a consensus rating of “Buy” and a consensus price target of $204.43.

In other news, CFO Kevin M. Ozan sold 40,930 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $195.90, for a total transaction of $8,018,187.00. Following the completion of the sale, the chief financial officer now owns 42,647 shares of the company’s stock, valued at $8,354,547.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ian Frederick Borden sold 4,149 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $199.22, for a total transaction of $826,563.78. The disclosure for this sale can be found here. Insiders sold 104,449 shares of company stock valued at $20,458,931 in the last ninety days. 0.25% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Ruggie Capital Group increased its stake in Mcdonald’s by 3,020.0% in the 4th quarter. Ruggie Capital Group now owns 156 shares of the fast-food giant’s stock worth $28,000 after purchasing an additional 151 shares in the last quarter. Mackey Komara & Dankovich LLC acquired a new stake in Mcdonald’s during the 1st quarter worth about $29,000. Gantzert Investment Co. LLC ADV acquired a new stake in Mcdonald’s during the 4th quarter worth about $31,000. Aspire Private Capital LLC acquired a new stake in Mcdonald’s during the 4th quarter worth about $32,000. Finally, Focused Wealth Management Inc boosted its position in Mcdonald’s by 4,500.0% during the 4th quarter. Focused Wealth Management Inc now owns 184 shares of the fast-food giant’s stock worth $33,000 after acquiring an additional 180 shares during the period. 67.76% of the stock is owned by institutional investors and hedge funds.

Shares of MCD stock traded up $1.66 during trading hours on Friday, hitting $204.92. 1,801,788 shares of the company were exchanged, compared to its average volume of 3,245,939. The firm has a market cap of $156.90 billion, a P/E ratio of 25.94, a PEG ratio of 2.88 and a beta of 0.50. Mcdonald’s has a 1 year low of $153.13 and a 1 year high of $206.39.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be given a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 2.26%. The ex-dividend date is Friday, May 31st. Mcdonald’s’s dividend payout ratio (DPR) is 58.73%.

About Mcdonald’s

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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