McDonald’s (NYSE:MCD) Releases Earnings Results, Beats Expectations By $0.05 EPS

McDonald’s (NYSE:MCDGet Free Report) issued its quarterly earnings data on Tuesday. The fast-food giant reported $3.23 EPS for the quarter, topping the consensus estimate of $3.18 by $0.05, Briefing.com reports. The company had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.82 billion. McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. McDonald’s’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.19 earnings per share.

McDonald’s Stock Down 0.8 %

Shares of NYSE MCD traded down $2.23 during trading on Wednesday, reaching $292.77. The company had a trading volume of 2,381,302 shares, compared to its average volume of 3,512,513. McDonald’s has a 12-month low of $243.53 and a 12-month high of $317.90. The stock has a market cap of $210.02 billion, a PE ratio of 25.63, a P/E/G ratio of 4.13 and a beta of 0.73. The business’s 50-day moving average is $298.15 and its 200 day moving average is $275.35.

McDonald’s Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $1.77 dividend. This is a boost from McDonald’s’s previous quarterly dividend of $1.67. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend is Monday, December 2nd. McDonald’s’s dividend payout ratio is currently 61.94%.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $292.38, for a total value of $321,325.62. Following the sale, the insider now directly owns 10,385 shares of the company’s stock, valued at approximately $3,036,366.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CMO Edith Morgan Flatley sold 2,346 shares of the stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $310.00, for a total transaction of $727,260.00. Following the completion of the sale, the chief marketing officer now owns 2,905 shares in the company, valued at approximately $900,550. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $292.38, for a total value of $321,325.62. Following the sale, the insider now owns 10,385 shares of the company’s stock, valued at $3,036,366.30. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,097 shares of company stock valued at $10,256,818. Insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

MCD has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft decreased their price target on shares of McDonald’s from $295.00 to $290.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Barclays lifted their price target on McDonald’s from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. UBS Group increased their price objective on McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Bank of America raised their price objective on McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Guggenheim cut McDonald’s from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $290.00 to $285.00 in a report on Wednesday, October 23rd. Thirteen investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $318.74.

View Our Latest Stock Analysis on McDonald’s

McDonald’s Company Profile

(Get Free Report)

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.

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Earnings History for McDonald's (NYSE:MCD)

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