McDonald’s (NYSE:MCD) Announces Quarterly Earnings Results

McDonald’s (NYSE:MCD) released its quarterly earnings data on Monday. The fast-food giant reported $2.97 earnings per share for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10), Briefing.com reports. The business had revenue of $6.49 billion during the quarter, compared to analyst estimates of $6.62 billion. McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. The firm’s revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.17 EPS.

McDonald’s Trading Up 3.8 %

MCD stock opened at $261.48 on Tuesday. The firm has a 50-day moving average of $255.32 and a two-hundred day moving average of $273.29. McDonald’s has a 12 month low of $243.53 and a 12 month high of $302.39. The company has a market cap of $188.44 billion, a price-to-earnings ratio of 22.20, a PEG ratio of 2.92 and a beta of 0.71.

McDonald’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be paid a dividend of $1.67 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $6.68 annualized dividend and a yield of 2.55%. McDonald’s’s dividend payout ratio is presently 56.71%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Citigroup cut their price target on McDonald’s from $297.00 to $280.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 16th. Erste Group Bank reiterated a “hold” rating on shares of McDonald’s in a research report on Wednesday, April 3rd. BMO Capital Markets decreased their price target on McDonald’s from $330.00 to $315.00 and set an “outperform” rating for the company in a report on Tuesday. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of McDonald’s from $310.00 to $295.00 and set a “buy” rating on the stock in a research note on Tuesday, July 16th. Finally, JPMorgan Chase & Co. decreased their target price on shares of McDonald’s from $290.00 to $270.00 and set an “overweight” rating for the company in a research note on Tuesday. Ten equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $302.30.

Insider Transactions at McDonald’s

In related news, EVP Marion K. Gross sold 1,498 shares of the stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $248.26, for a total value of $371,893.48. Following the completion of the sale, the executive vice president now owns 1,560 shares of the company’s stock, valued at $387,285.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of the company’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $248.26, for a total value of $371,893.48. Following the completion of the sale, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $387,285.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Jonathan Banner sold 800 shares of McDonald’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $275.02, for a total value of $220,016.00. Following the transaction, the executive vice president now owns 19 shares in the company, valued at approximately $5,225.38. The disclosure for this sale can be found here. Insiders have sold a total of 5,594 shares of company stock worth $1,454,507 in the last ninety days. Insiders own 0.23% of the company’s stock.

McDonald’s Company Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.