Mcdonald’s Corp (NYSE:MCD) – Research analysts at Oppenheimer upped their FY2018 earnings estimates for Mcdonald’s in a report released on Wednesday, January 9th. Oppenheimer analyst B. Bittner now forecasts that the fast-food giant will earn $7.75 per share for the year, up from their prior estimate of $7.74. Oppenheimer also issued estimates for Mcdonald’s’ Q4 2018 earnings at $1.88 EPS, Q1 2019 earnings at $1.83 EPS, Q2 2019 earnings at $2.08 EPS, Q3 2019 earnings at $2.23 EPS and Q4 2019 earnings at $2.07 EPS.

MCD has been the topic of a number of other research reports. Royal Bank of Canada set a $190.00 price target on shares of Mcdonald’s and gave the company a “buy” rating in a report on Wednesday, October 24th. Gordon Haskett started coverage on shares of Mcdonald’s in a report on Thursday, October 18th. They set a “buy” rating and a $185.00 price target on the stock. SunTrust Banks increased their price target on shares of Mcdonald’s to $200.00 and gave the company a “buy” rating in a report on Wednesday, October 24th. UBS Group increased their price target on shares of Mcdonald’s from $170.00 to $185.00 and gave the company a “neutral” rating in a report on Wednesday, October 24th. Finally, Jefferies Financial Group set a $190.00 price target on shares of Mcdonald’s and gave the company a “buy” rating in a report on Wednesday, September 26th. Seven investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $191.76.

Shares of NYSE MCD opened at $182.37 on Thursday. Mcdonald’s has a fifty-two week low of $146.84 and a fifty-two week high of $190.88. The company has a market cap of $138.99 billion, a price-to-earnings ratio of 27.38, a price-to-earnings-growth ratio of 2.48 and a beta of 0.59.

Mcdonald’s (NYSE:MCD) last announced its earnings results on Tuesday, October 23rd. The fast-food giant reported $2.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.99 by $0.11. Mcdonald’s had a net margin of 24.56% and a negative return on equity of 116.43%. The business had revenue of $5.37 billion during the quarter, compared to the consensus estimate of $5.28 billion. During the same quarter last year, the firm earned $1.76 earnings per share. The business’s revenue for the quarter was down 6.7% on a year-over-year basis.

In related news, insider Ian Frederick Borden sold 4,782 shares of the firm’s stock in a transaction that occurred on Thursday, October 25th. The shares were sold at an average price of $177.68, for a total value of $849,665.76. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Stephen Easterbrook sold 201,123 shares of the firm’s stock in a transaction that occurred on Wednesday, October 24th. The stock was sold at an average price of $175.63, for a total transaction of $35,323,232.49. Following the completion of the sale, the chief executive officer now owns 48,925 shares in the company, valued at approximately $8,592,697.75. The disclosure for this sale can be found here. Insiders sold 221,041 shares of company stock worth $38,839,407 in the last 90 days. 0.22% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the stock. Highwater Wealth Management LLC purchased a new position in shares of Mcdonald’s during the 4th quarter worth $38,000. Tower View Investment Management & Research LLC boosted its stake in shares of Mcdonald’s by 20.6% during the 4th quarter. Tower View Investment Management & Research LLC now owns 375 shares of the fast-food giant’s stock worth $67,000 after acquiring an additional 64 shares during the last quarter. NuWave Investment Management LLC boosted its stake in shares of Mcdonald’s by 2,485.2% during the 3rd quarter. NuWave Investment Management LLC now owns 698 shares of the fast-food giant’s stock worth $117,000 after acquiring an additional 671 shares during the last quarter. Truvestments Capital LLC purchased a new position in shares of Mcdonald’s during the 3rd quarter worth $122,000. Finally, Sound Income Strategies LLC boosted its stake in shares of Mcdonald’s by 69.2% during the 3rd quarter. Sound Income Strategies LLC now owns 743 shares of the fast-food giant’s stock worth $124,000 after acquiring an additional 304 shares during the last quarter. Institutional investors own 67.16% of the company’s stock.

About Mcdonald’s

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2017, the company operated 37,241 restaurants, including 34,108 franchised restaurants comprising 21,366 franchised to conventional franchisees, 6,945 licensed to developmental licensees, and 5,797 licensed to foreign affiliates; and 3,133 company-operated restaurants.

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Earnings History and Estimates for Mcdonald`s (NYSE:MCD)

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