McDonald’s Corporation (NYSE:MCD) will be announcing its earnings results before the market opens on Tuesday, October 24th. Analysts expect the company to announce earnings of $1.76 per share for the quarter.

McDonald’s Corporation (NYSE:MCD) last issued its earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.62 by $0.08. McDonald’s Corporation had a negative return on equity of 264.89% and a net margin of 21.00%. The firm had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.96 billion. During the same quarter last year, the business earned $1.45 earnings per share. The company’s revenue was down 3.4% compared to the same quarter last year. On average, analysts expect McDonald’s Corporation to post $6.56 EPS for the current fiscal year and $7.00 EPS for the next fiscal year.

McDonald’s Corporation (NYSE MCD) opened at 166.30 on Monday. McDonald’s Corporation has a one year low of $110.83 and a one year high of $167.90. The firm’s 50-day moving average price is $159.62 and its 200-day moving average price is $152.01. The company has a market cap of $134.70 billion, a PE ratio of 27.22 and a beta of 0.69.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a $1.01 dividend. This is a boost from McDonald’s Corporation’s previous quarterly dividend of $0.94. The ex-dividend date is Thursday, November 30th. This represents a $4.04 annualized dividend and a dividend yield of 2.43%. McDonald’s Corporation’s dividend payout ratio is presently 61.54%.

In other McDonald’s Corporation news, EVP David Ogden Fairhurst sold 4,782 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $157.05, for a total value of $751,013.10. Following the completion of the sale, the executive vice president now owns 6,954 shares in the company, valued at approximately $1,092,125.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Joseph M. Erlinger sold 10,793 shares of the stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $154.44, for a total value of $1,666,870.92. Following the completion of the sale, the insider now owns 7,318 shares of the company’s stock, valued at approximately $1,130,191.92. The disclosure for this sale can be found here. Insiders have sold a total of 69,938 shares of company stock worth $11,033,009 over the last three months. Insiders own 0.24% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Janus Henderson Group PLC lifted its holdings in shares of McDonald’s Corporation by 3,951.0% in the 2nd quarter. Janus Henderson Group PLC now owns 4,422,423 shares of the fast-food giant’s stock valued at $677,339,000 after acquiring an additional 4,313,253 shares during the last quarter. FMR LLC lifted its stake in McDonald’s Corporation by 72.9% in the second quarter. FMR LLC now owns 8,371,823 shares of the fast-food giant’s stock worth $1,282,229,000 after purchasing an additional 3,530,622 shares during the last quarter. BlackRock Inc. lifted its stake in McDonald’s Corporation by 3.0% in the second quarter. BlackRock Inc. now owns 54,606,388 shares of the fast-food giant’s stock worth $8,363,515,000 after purchasing an additional 1,586,761 shares during the last quarter. Capital Research Global Investors lifted its stake in McDonald’s Corporation by 15.0% in the second quarter. Capital Research Global Investors now owns 12,058,661 shares of the fast-food giant’s stock worth $1,846,905,000 after purchasing an additional 1,572,074 shares during the last quarter. Finally, Fred Alger Management Inc. lifted its stake in McDonald’s Corporation by 7,795.3% in the second quarter. Fred Alger Management Inc. now owns 1,443,174 shares of the fast-food giant’s stock worth $221,037,000 after purchasing an additional 1,424,895 shares during the last quarter. Hedge funds and other institutional investors own 67.92% of the company’s stock.

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MCD has been the subject of several recent analyst reports. Nomura set a $172.00 target price on McDonald’s Corporation and gave the stock a “buy” rating in a research note on Wednesday, July 19th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $175.00 target price (up previously from $165.00) on shares of McDonald’s Corporation in a research note on Monday, June 26th. Canaccord Genuity reaffirmed a “hold” rating and set a $170.00 target price on shares of McDonald’s Corporation in a research note on Friday, October 6th. Deutsche Bank AG set a $185.00 target price on McDonald’s Corporation and gave the stock a “buy” rating in a research note on Friday. Finally, Goldman Sachs Group, Inc. (The) set a $174.00 target price on McDonald’s Corporation and gave the stock a “buy” rating in a research note on Thursday, July 27th. Ten analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. McDonald’s Corporation currently has a consensus rating of “Buy” and a consensus price target of $168.64.

McDonald’s Corporation Company Profile

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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