McDonald’s Corporation (NYSE:MCD) issued its quarterly earnings data on Tuesday. The fast-food giant reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.01, Bloomberg Earnings reports. The company had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.75 billion. McDonald’s Corporation had a net margin of 21.00% and a negative return on equity of 264.89%. McDonald’s Corporation’s revenue for the quarter was down 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.62 earnings per share.

McDonald’s Corporation (MCD) opened at 163.88 on Wednesday. McDonald’s Corporation has a 52-week low of $110.83 and a 52-week high of $167.90. The company’s 50 day moving average is $159.84 and its 200 day moving average is $152.82. The firm has a market cap of $132.74 billion, a P/E ratio of 26.83 and a beta of 0.69.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 2.47%. The ex-dividend date is Thursday, November 30th. This is an increase from McDonald’s Corporation’s previous quarterly dividend of $0.94. McDonald’s Corporation’s dividend payout ratio is 61.54%.

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In related news, insider Joseph M. Erlinger sold 10,793 shares of the business’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $154.44, for a total transaction of $1,666,870.92. Following the sale, the insider now owns 7,318 shares of the company’s stock, valued at $1,130,191.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP David Ogden Fairhurst sold 4,782 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $157.05, for a total transaction of $751,013.10. Following the sale, the executive vice president now directly owns 6,954 shares in the company, valued at approximately $1,092,125.70. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Norinchukin Bank The boosted its holdings in McDonald’s Corporation by 0.5% during the second quarter. Norinchukin Bank The now owns 143,752 shares of the fast-food giant’s stock worth $22,017,000 after buying an additional 767 shares in the last quarter. Vestor Capital LLC boosted its holdings in McDonald’s Corporation by 0.6% during the second quarter. Vestor Capital LLC now owns 48,789 shares of the fast-food giant’s stock worth $7,473,000 after buying an additional 291 shares in the last quarter. Hugh Johnson Advisors LLC boosted its holdings in McDonald’s Corporation by 18.4% during the second quarter. Hugh Johnson Advisors LLC now owns 2,235 shares of the fast-food giant’s stock worth $342,000 after buying an additional 348 shares in the last quarter. TIAA CREF Investment Management LLC boosted its holdings in McDonald’s Corporation by 27.8% during the second quarter. TIAA CREF Investment Management LLC now owns 4,359,196 shares of the fast-food giant’s stock worth $667,654,000 after buying an additional 949,363 shares in the last quarter. Finally, Teachers Advisors LLC boosted its holdings in McDonald’s Corporation by 3.2% during the second quarter. Teachers Advisors LLC now owns 1,344,555 shares of the fast-food giant’s stock worth $205,932,000 after buying an additional 41,626 shares in the last quarter. 67.85% of the stock is currently owned by hedge funds and other institutional investors.

MCD has been the subject of a number of recent research reports. Deutsche Bank AG boosted their price objective on shares of McDonald’s Corporation from $155.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, July 10th. Piper Jaffray Companies reissued a “buy” rating and issued a $153.00 price objective on shares of McDonald’s Corporation in a research note on Friday, July 14th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $167.00 price objective (up previously from $153.00) on shares of McDonald’s Corporation in a research note on Friday, July 21st. Instinet reissued a “buy” rating and issued a $172.00 price objective (up previously from $161.00) on shares of McDonald’s Corporation in a research note on Friday, July 21st. Finally, J P Morgan Chase & Co set a $170.00 price objective on shares of McDonald’s Corporation and gave the stock a “buy” rating in a research note on Thursday, July 20th. Ten equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $168.64.

About McDonald’s Corporation

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.

Earnings History for McDonald`s Corporation (NYSE:MCD)

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