Brokers Set Expectations for McDonald's Co.’s FY2018 Earnings (MCD)

McDonald's Co. (NYSE:MCD) – Stock analysts at Oppenheimer increased their FY2018 earnings estimates for McDonald's in a research note issued to investors on Thursday, Zacks Investment Research reports. Oppenheimer analyst B. Bittner now anticipates that the fast-food giant will post earnings of $7.44 per share for the year, up from their prior estimate of $6.72. Oppenheimer also issued estimates for McDonald's’ FY2019 earnings at $7.99 EPS.

A number of other research analysts have also commented on MCD. Zacks Investment Research raised McDonald's from a “hold” rating to a “buy” rating and set a $178.00 price objective on the stock in a report on Tuesday, September 26th. Longbow Research raised McDonald's from a “neutral” rating to a “buy” rating and upped their price objective for the company from $154.05 to $183.00 in a report on Thursday, September 28th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $180.00 price objective (up from $170.00) on shares of McDonald's in a report on Monday, October 2nd. Stifel Nicolaus started coverage on McDonald's in a report on Monday, October 2nd. They issued a “hold” rating and a $160.00 price objective on the stock. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $170.00 price objective on shares of McDonald's in a report on Tuesday, October 3rd. Nine research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. McDonald's has an average rating of “Buy” and a consensus price target of $179.68.

McDonald's (NYSE MCD) opened at $176.21 on Monday. The company has a quick ratio of 1.27, a current ratio of 1.28 and a debt-to-equity ratio of -8.17. McDonald's has a 1-year low of $119.82 and a 1-year high of $176.83. The company has a market capitalization of $140,400.33, a price-to-earnings ratio of 25.43, a price-to-earnings-growth ratio of 2.78 and a beta of 0.67.

McDonald's (NYSE:MCD) last posted its quarterly earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.01. McDonald's had a negative return on equity of 216.45% and a net margin of 24.19%. The business had revenue of $5.75 billion for the quarter, compared to analysts’ expectations of $5.75 billion. During the same quarter in the prior year, the business earned $1.62 EPS. The firm’s revenue for the quarter was down 10.4% on a year-over-year basis.

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of McDonald's by 1.6% during the second quarter. Vanguard Group Inc. now owns 57,300,686 shares of the fast-food giant’s stock worth $8,776,174,000 after acquiring an additional 906,303 shares during the last quarter. BlackRock Inc. raised its position in shares of McDonald's by 3.0% during the second quarter. BlackRock Inc. now owns 54,606,388 shares of the fast-food giant’s stock worth $8,363,515,000 after acquiring an additional 1,586,761 shares during the last quarter. Capital World Investors raised its position in shares of McDonald's by 2.8% during the second quarter. Capital World Investors now owns 22,288,104 shares of the fast-food giant’s stock worth $3,413,646,000 after acquiring an additional 606,232 shares during the last quarter. Capital Research Global Investors raised its position in shares of McDonald's by 15.0% during the second quarter. Capital Research Global Investors now owns 12,058,661 shares of the fast-food giant’s stock worth $1,846,905,000 after acquiring an additional 1,572,074 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of McDonald's by 3.1% during the second quarter. Northern Trust Corp now owns 11,835,647 shares of the fast-food giant’s stock worth $1,812,747,000 after acquiring an additional 360,212 shares during the last quarter. Hedge funds and other institutional investors own 67.30% of the company’s stock.

In related news, insider Stephen Easterbrook sold 171,577 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $168.32, for a total transaction of $28,879,840.64. Following the completion of the sale, the insider now directly owns 49,778 shares in the company, valued at approximately $8,378,632.96. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP James R. Sappington sold 8,046 shares of the company’s stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $165.00, for a total value of $1,327,590.00. Following the sale, the vice president now owns 15,739 shares of the company’s stock, valued at $2,596,935. The disclosure for this sale can be found here. 0.24% of the stock is owned by corporate insiders.

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McDonald's Company Profile

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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Earnings History and Estimates for McDonald's (NYSE:MCD)

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