Zacks: Analysts Expect McDonald's Co. (MCD) Will Post Quarterly Sales of $5.97 Billion
Wall Street brokerages expect McDonald's Co. (NYSE:MCD) to post $5.97 billion in sales for the current quarter, according to Zacks. Eight analysts have made estimates for McDonald's Co.’s earnings, with the lowest sales estimate coming in at $5.82 billion and the highest estimate coming in at $6.21 billion. McDonald's Co. reported sales of $6.27 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 4.8%. The business is scheduled to issue its next earnings report on Tuesday, July 25th.
According to Zacks, analysts expect that McDonald's Co. will report full year sales of $5.97 billion for the current year, with estimates ranging from $21.58 billion to $23.5 billion. For the next year, analysts forecast that the company will report sales of $19.92 billion per share, with estimates ranging from $18.54 billion to $23.24 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for McDonald's Co..
McDonald's Co. (NYSE:MCD) last announced its earnings results on Tuesday, April 25th. The fast-food giant reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.14. McDonald's Co. had a net margin of 18.93% and a return on equity of 514.39%. The company had revenue of $5.68 billion for the quarter, compared to analysts’ expectations of $5.53 billion. During the same quarter in the previous year, the company posted $1.23 EPS. The firm’s quarterly revenue was down 3.9% on a year-over-year basis.
Several equities research analysts have issued reports on the company. Stifel Nicolaus set a $120.00 price objective on McDonald's Co. and gave the stock a “neutral” rating in a report on Thursday, February 2nd. Robert W. Baird set a $130.00 price target on McDonald's Co. and gave the company a “buy” rating in a report on Tuesday, February 7th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $127.00 price target on shares of McDonald's Co. in a report on Wednesday, February 22nd. Vetr upgraded McDonald's Co. from a “sell” rating to a “hold” rating and set a $124.33 price target for the company in a report on Thursday, February 2nd. Finally, Raymond James Financial, Inc. reiterated a “market perform” rating on shares of McDonald's Co. in a report on Sunday, March 5th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nineteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $141.86.
In related news, Director John J. Mulligan bought 1,600 shares of the business’s stock in a transaction dated Wednesday, March 22nd. The shares were bought at an average cost of $128.94 per share, with a total value of $206,304.00. Following the completion of the transaction, the director now directly owns 1,600 shares of the company’s stock, valued at $206,304. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP James R. Sappington sold 13,912 shares of the business’s stock in a transaction on Thursday, April 27th. The stock was sold at an average price of $141.39, for a total value of $1,967,017.68. Following the sale, the vice president now directly owns 14,608 shares in the company, valued at $2,065,425.12. The disclosure for this sale can be found here. 0.28% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in MCD. Svenska Handelsbanken AB publ bought a new stake in shares of McDonald's Co. during the third quarter worth about $29,994,000. Stockman Asset Management raised its stake in shares of McDonald's Co. by 52.5% in the third quarter. Stockman Asset Management now owns 4,576 shares of the fast-food giant’s stock worth $528,000 after buying an additional 1,576 shares during the period. Willingdon Wealth Management raised its stake in shares of McDonald's Co. by 8.2% in the third quarter. Willingdon Wealth Management now owns 30,011 shares of the fast-food giant’s stock worth $3,462,000 after buying an additional 2,287 shares during the period. Argentus Capital Management LLC raised its stake in shares of McDonald's Co. by 87.4% in the third quarter. Argentus Capital Management LLC now owns 5,561 shares of the fast-food giant’s stock worth $642,000 after buying an additional 2,594 shares during the period. Finally, Balasa Dinverno & Foltz LLC raised its stake in shares of McDonald's Co. by 2.5% in the third quarter. Balasa Dinverno & Foltz LLC now owns 4,206 shares of the fast-food giant’s stock worth $485,000 after buying an additional 103 shares during the period. 67.19% of the stock is currently owned by institutional investors.
Shares of McDonald's Co. (NYSE:MCD) opened at 149.86 on Friday. The firm has a market cap of $122.15 billion, a PE ratio of 26.45 and a beta of 0.69. McDonald's Co. has a 52 week low of $110.33 and a 52 week high of $150.24. The firm’s 50-day moving average is $140.53 and its 200 day moving average is $128.00. McDonald's Co. also was the target of some unusual options trading on Wednesday. Investors bought 1,922 call options on the stock. This represents an increase of 266% compared to the average volume of 525 call options.
The business also recently announced a quarterly dividend, which will be paid on Monday, June 19th. Stockholders of record on Monday, June 5th will be given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date is Thursday, June 1st. McDonald's Co.’s dividend payout ratio (DPR) is presently 69.37%.
About McDonald's Co.
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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