Mcdonald’s Corp (NYSE:MCD) – Investment analysts at Piper Sandler increased their Q4 2020 EPS estimates for shares of Mcdonald’s in a research report issued on Sunday, September 13th. Piper Sandler analyst N. Regan now anticipates that the fast-food giant will earn $1.77 per share for the quarter, up from their prior estimate of $1.73. Piper Sandler currently has a “Neutral” rating and a $203.00 price target on the stock. Piper Sandler also issued estimates for Mcdonald’s’ Q1 2021 earnings at $1.72 EPS, Q2 2021 earnings at $1.91 EPS, Q4 2021 earnings at $2.04 EPS, FY2021 earnings at $7.85 EPS and FY2022 earnings at $8.55 EPS.
Several other equities analysts also recently weighed in on the company. Stifel Nicolaus increased their target price on Mcdonald’s from $182.00 to $195.00 and gave the stock a “hold” rating in a research report on Tuesday, July 28th. Credit Suisse Group raised their price objective on Mcdonald’s from $210.00 to $214.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. TheStreet downgraded Mcdonald’s from a “b-” rating to a “c” rating in a report on Friday, August 28th. SVB Leerink initiated coverage on Mcdonald’s in a report on Friday, July 24th. They issued a “hold” rating on the stock. Finally, SunTrust Banks raised their price objective on Mcdonald’s from $195.00 to $208.00 and gave the stock a “buy” rating in a report on Wednesday, June 17th. Nine equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Mcdonald’s has a consensus rating of “Buy” and an average price target of $212.80.
NYSE MCD opened at $224.81 on Wednesday. The business’s 50-day moving average price is $208.77 and its 200 day moving average price is $189.21. Mcdonald’s has a twelve month low of $124.23 and a twelve month high of $226.72. The company has a market capitalization of $167.28 billion, a PE ratio of 35.63, a price-to-earnings-growth ratio of 4.85 and a beta of 0.67.
Mcdonald’s (NYSE:MCD) last released its earnings results on Tuesday, July 28th. The fast-food giant reported $0.66 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.10). Mcdonald’s had a negative return on equity of 52.78% and a net margin of 24.78%. The business had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.73 billion. During the same quarter last year, the company posted $2.05 earnings per share. The business’s quarterly revenue was down 29.6% compared to the same quarter last year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid a dividend of $1.25 per share. The ex-dividend date was Monday, August 31st. This represents a $5.00 dividend on an annualized basis and a yield of 2.22%. Mcdonald’s’s dividend payout ratio (DPR) is presently 63.78%.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Two Sigma Advisers LP grew its stake in Mcdonald’s by 40.6% during the 2nd quarter. Two Sigma Advisers LP now owns 644,647 shares of the fast-food giant’s stock valued at $118,918,000 after purchasing an additional 186,181 shares in the last quarter. Schonfeld Strategic Advisors LLC grew its position in shares of Mcdonald’s by 208.3% in the 2nd quarter. Schonfeld Strategic Advisors LLC now owns 20,346 shares of the fast-food giant’s stock worth $3,753,000 after acquiring an additional 13,746 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Mcdonald’s by 0.9% in the 2nd quarter. Principal Financial Group Inc. now owns 1,254,650 shares of the fast-food giant’s stock worth $231,445,000 after acquiring an additional 11,547 shares in the last quarter. Capital Advisors Inc. OK grew its position in shares of Mcdonald’s by 4.5% in the 2nd quarter. Capital Advisors Inc. OK now owns 3,590 shares of the fast-food giant’s stock worth $729,000 after acquiring an additional 156 shares in the last quarter. Finally, Toronto Dominion Bank grew its position in shares of Mcdonald’s by 0.7% in the 2nd quarter. Toronto Dominion Bank now owns 540,043 shares of the fast-food giant’s stock worth $73,943,000 after acquiring an additional 3,955 shares in the last quarter. Hedge funds and other institutional investors own 66.07% of the company’s stock.
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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