FY2018 EPS Estimates for McDonald's Co. Raised by Oppenheimer (MCD)
McDonald's Co. (NYSE:MCD) – Investment analysts at Oppenheimer upped their FY2018 EPS estimates for McDonald's in a research report issued on Thursday. Oppenheimer analyst B. Bittner now forecasts 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.
McDonald's (NYSE:MCD) last posted its earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.01. The company had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.75 billion. McDonald's had a negative return on equity of 216.45% and a net margin of 24.19%. McDonald's’s revenue was down 10.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.62 earnings per share.
Shares of McDonald's (NYSE MCD) traded down $0.03 during mid-day trading on Monday, hitting $173.51. The stock had a trading volume of 2,173,176 shares, compared to its average volume of 2,984,043. The firm has a market capitalization of $140,540.00, a P/E ratio of 25.04, a PEG ratio of 2.61 and a beta of 0.67. The company has a debt-to-equity ratio of -8.17, a quick ratio of 1.27 and a current ratio of 1.28. McDonald's has a 1-year low of $119.82 and a 1-year high of $175.78.
Institutional investors and hedge funds have recently made changes to their positions in the business. Canada Pension Plan Investment Board grew its position in McDonald's by 1.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 449,237 shares of the fast-food giant’s stock worth $68,805,000 after purchasing an additional 4,300 shares during the period. Teacher Retirement System of Texas boosted its stake in shares of McDonald's by 10.6% during the 2nd quarter. Teacher Retirement System of Texas now owns 467,212 shares of the fast-food giant’s stock worth $71,558,000 after acquiring an additional 44,899 shares in the last quarter. Tredje AP fonden boosted its stake in shares of McDonald's by 26.7% during the 2nd quarter. Tredje AP fonden now owns 120,490 shares of the fast-food giant’s stock worth $18,454,000 after acquiring an additional 25,380 shares in the last quarter. Beaton Management Co. Inc. purchased a new stake in shares of McDonald's during the 2nd quarter worth about $555,000. Finally, Buckingham Asset Management LLC boosted its stake in shares of McDonald's by 157.5% during the 2nd quarter. Buckingham Asset Management LLC now owns 18,973 shares of the fast-food giant’s stock worth $2,906,000 after acquiring an additional 11,604 shares in the last quarter. 67.28% of the stock is currently owned by institutional investors.
In other McDonald's news, insider Stephen Easterbrook sold 171,577 shares of the stock in a transaction dated 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 sale, the insider now directly owns 49,778 shares of the company’s stock, valued at approximately $8,378,632.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP James R. Sappington sold 8,046 shares of the stock in a transaction dated 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 directly owns 15,739 shares in the company, 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 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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