Mcdonald’s Corp (NYSE:MCD) to Post Q3 2020 Earnings of $1.93 Per Share, Oppenheimer Forecasts
Mcdonald’s Corp (NYSE:MCD) – Research analysts at Oppenheimer lifted their Q3 2020 EPS estimates for shares of Mcdonald’s in a report issued on Tuesday, July 28th. Oppenheimer analyst B. Bittner now forecasts that the fast-food giant will earn $1.93 per share for the quarter, up from their prior estimate of $1.47. Oppenheimer has a “Hold” rating on the stock. Oppenheimer also issued estimates for Mcdonald’s’ Q4 2020 earnings at $1.93 EPS and FY2020 earnings at $6.00 EPS.
Mcdonald’s (NYSE:MCD) last announced its earnings results on Tuesday, July 28th. The fast-food giant reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.10). Mcdonald’s had a negative return on equity of 53.94% and a net margin of 24.78%. The business had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.73 billion. During the same quarter in the previous year, the firm earned $2.05 EPS. Mcdonald’s’s quarterly revenue was down 29.6% on a year-over-year basis.
Mcdonald’s stock opened at $194.28 on Friday. The business’s 50 day simple moving average is $188.80 and its 200 day simple moving average is $190.03. Mcdonald’s has a 12 month low of $124.23 and a 12 month high of $221.93. The company has a market cap of $145.30 billion, a price-to-earnings ratio of 30.79, a PEG ratio of 4.32 and a beta of 0.65.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Thomasville National Bank boosted its stake in shares of Mcdonald’s by 1.1% during the 1st quarter. Thomasville National Bank now owns 23,099 shares of the fast-food giant’s stock valued at $4,960,000 after buying an additional 249 shares during the last quarter. Orrstown Financial Services Inc. increased its position in Mcdonald’s by 1.9% in the first quarter. Orrstown Financial Services Inc. now owns 4,137 shares of the fast-food giant’s stock worth $684,000 after buying an additional 77 shares during the period. Stillwater Investment Management LLC increased its position in Mcdonald’s by 0.9% in the first quarter. Stillwater Investment Management LLC now owns 18,443 shares of the fast-food giant’s stock worth $3,049,000 after buying an additional 163 shares during the period. Woodstock Corp increased its position in Mcdonald’s by 0.8% in the first quarter. Woodstock Corp now owns 19,846 shares of the fast-food giant’s stock worth $3,282,000 after buying an additional 165 shares during the period. Finally, Fulton Bank N.A. increased its position in Mcdonald’s by 1.9% in the first quarter. Fulton Bank N.A. now owns 26,835 shares of the fast-food giant’s stock worth $4,437,000 after buying an additional 490 shares during the period. 67.04% of the stock is owned by hedge funds and other institutional investors.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend is Monday, August 31st. Mcdonald’s’s dividend payout ratio (DPR) is presently 63.78%.
Mcdonald’s Company Profile
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, 2018, the company operated 37,855 restaurants, including 35,085 franchised restaurants comprising 21,685 franchised to conventional franchisees, 7,225 licensed to developmental licensees, and 6,175 licensed to foreign affiliates; and 2,770 company-operated restaurants.
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