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

McDonald’s (NYSE:MCDGet Free Report) issued its earnings results on Monday. The fast-food giant reported $2.95 EPS for the quarter, topping the consensus estimate of $2.83 by $0.12, MarketWatch Earnings reports. McDonald’s had a negative return on equity of 157.19% and a net margin of 33.31%. The company had revenue of $6.41 billion during the quarter, compared to the consensus estimate of $6.45 billion. During the same period in the previous year, the company posted $2.59 EPS. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year.

McDonald’s Stock Performance

McDonald’s stock opened at $291.40 on Monday. McDonald’s has a 52 week low of $245.73 and a 52 week high of $302.39. The stock has a market capitalization of $211.36 billion, a P/E ratio of 26.15, a price-to-earnings-growth ratio of 2.62 and a beta of 0.73. The stock has a fifty day moving average of $291.79 and a 200-day moving average of $280.28.

Analysts Set New Price Targets

MCD has been the subject of several research analyst reports. Oppenheimer reiterated a “market perform” rating on shares of McDonald’s in a research note on Friday, January 5th. TD Cowen lifted their target price on McDonald’s from $300.00 to $325.00 and gave the stock an “outperform” rating in a research note on Thursday, December 7th. BMO Capital Markets lifted their target price on McDonald’s from $325.00 to $335.00 and gave the stock an “outperform” rating in a research note on Thursday, December 7th. Guggenheim reduced their price target on McDonald’s from $330.00 to $285.00 and set a “buy” rating for the company in a research note on Thursday, October 19th. Finally, Morgan Stanley reduced their price target on McDonald’s from $330.00 to $315.00 and set an “overweight” rating for the company in a research note on Wednesday, October 11th. Five research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $317.77.

Check Out Our Latest Stock Report on MCD

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 4,583 shares of the business’s stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $290.70, for a total transaction of $1,332,278.10. Following the completion of the transaction, the insider now owns 8,187 shares of the company’s stock, valued at approximately $2,379,960.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other McDonald’s news, insider Joseph M. Erlinger sold 4,487 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $281.25, for a total value of $1,261,968.75. Following the sale, the insider now owns 8,908 shares in the company, valued at approximately $2,505,375. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Joseph M. Erlinger sold 4,583 shares of the company’s stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $290.70, for a total value of $1,332,278.10. Following the completion of the sale, the insider now owns 8,187 shares in the company, valued at approximately $2,379,960.90. The disclosure for this sale can be found here. 0.18% of the stock is owned by insiders.

Institutional Investors Weigh In On McDonald’s

Institutional investors and hedge funds have recently made changes to their positions in the business. Covestor Ltd raised its stake in McDonald’s by 103.4% during the 1st quarter. Covestor Ltd now owns 413 shares of the fast-food giant’s stock worth $102,000 after buying an additional 210 shares during the period. NewEdge Advisors LLC raised its stake in shares of McDonald’s by 7.7% in the first quarter. NewEdge Advisors LLC now owns 69,824 shares of the fast-food giant’s stock worth $17,266,000 after purchasing an additional 5,007 shares during the last quarter. Mackenzie Financial Corp raised its stake in shares of McDonald’s by 4.8% in the first quarter. Mackenzie Financial Corp now owns 516,408 shares of the fast-food giant’s stock worth $127,697,000 after purchasing an additional 23,643 shares during the last quarter. Stevens Capital Management LP purchased a new stake in shares of McDonald’s in the first quarter worth approximately $1,108,000. Finally, Equitable Holdings Inc. raised its stake in shares of McDonald’s by 59.7% in the first quarter. Equitable Holdings Inc. now owns 9,338 shares of the fast-food giant’s stock worth $2,309,000 after purchasing an additional 3,490 shares during the last quarter. Institutional investors own 67.60% of the company’s stock.

About McDonald’s

(Get Free Report)

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. The company's restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, fries, salads, shakes, frozen desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including muffins, Sausages, biscuit and bagel sandwiches, oatmeal, hash browns, breakfast burritos and hotcakes.

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Earnings History for McDonald's (NYSE:MCD)

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