Trade Report: Today, McDonald’s Corp. (MCD) to Post FY2017 Earnings of $5.93 Per Share, Oppenheimer Holdings Forecasts

Today, McDonald’s Corp. (MCD) to Post FY2017 Earnings of $5.93 Per Share, Oppenheimer Holdings Forecasts

McDonald’s Corp. (NYSE:MCD) – Equities research analysts at Oppenheimer Holdings reduced their FY2017 earnings per share (EPS) estimates for McDonald’s Corp. in a report issued on Monday. Oppenheimer Holdings analyst B. Bittner now forecasts that the firm will post earnings per share of $5.93 for the year, down from their previous forecast of $5.97.

McDonald’s Corp. (NYSE:MCD) last issued its quarterly earnings results on Tuesday, July 26th. The fast-food giant reported $1.45 EPS for the quarter, topping the consensus estimate of $1.39 by $0.06. McDonald’s Corp. had a net margin of 18.73% and a return on equity of 97.56%. The business had revenue of $6.27 billion for the quarter, compared to analysts’ expectations of $6.28 billion. During the same quarter last year, the company posted $1.26 earnings per share. The company’s quarterly revenue was down 3.6% compared to the same quarter last year.

A number of other equities research analysts also recently issued reports on the stock. Wells Fargo & Co. reiterated a “market perform” rating on shares of McDonald’s Corp. in a research report on Tuesday. Vetr upgraded shares of McDonald’s Corp. from a “hold” rating to a “strong-buy” rating and set a $128.31 target price for the company in a research report on Monday. Nomura set a $122.00 price target on shares of McDonald’s Corp. and gave the company a “neutral” rating in a report on Monday. Telsey Advisory Group assumed coverage on shares of McDonald’s Corp. in a report on Monday, October 10th. They set an “outperform” rating and a $130.00 price target on the stock. Finally, Zacks Investment Research downgraded shares of McDonald’s Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, October 4th. Two research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. McDonald’s Corp. presently has an average rating of “Hold” and an average price target of $126.27.

Shares of McDonald’s Corp. (NYSE:MCD) traded down 0.6691% during trading on Tuesday, hitting $111.6579. 3,249,004 shares of the stock traded hands. The firm has a 50 day moving average price of $115.30 and a 200-day moving average price of $121.25. The company has a market cap of $95.28 billion, a PE ratio of 21.3210 and a beta of 0.61. McDonald’s Corp. has a one year low of $102.08 and a one year high of $131.96.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be issued a dividend of $0.94 per share. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $3.76 dividend on an annualized basis and a yield of 3.34%. This is a boost from McDonald’s Corp.’s previous quarterly dividend of $0.89. McDonald’s Corp.’s payout ratio is currently 68.59%.

In related news, Chairman Andrew J. Mckenna sold 70,000 shares of the business’s stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $118.28, for a total transaction of $8,279,600.00. Following the completion of the transaction, the chairman now owns 108,841 shares in the company, valued at $12,873,713.48. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.28% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of MCD. BKD Wealth Advisors LLC boosted its position in McDonald’s Corp. by 2.6% in the third quarter. BKD Wealth Advisors LLC now owns 5,126 shares of the fast-food giant’s stock valued at $591,000 after buying an additional 129 shares during the period. Evanson Asset Management LLC boosted its position in McDonald’s Corp. by 1.6% in the third quarter. Evanson Asset Management LLC now owns 4,239 shares of the fast-food giant’s stock valued at $489,000 after buying an additional 65 shares during the period. CWM LLC boosted its position in McDonald’s Corp. by 32.0% in the third quarter. CWM LLC now owns 5,394 shares of the fast-food giant’s stock valued at $622,000 after buying an additional 1,308 shares during the period. Eastern Bank boosted its position in McDonald’s Corp. by 1.7% in the third quarter. Eastern Bank now owns 12,354 shares of the fast-food giant’s stock valued at $1,425,000 after buying an additional 204 shares during the period. Finally, Koshinski Asset Management Inc. boosted its position in McDonald’s Corp. by 5.1% in the third quarter. Koshinski Asset Management Inc. now owns 7,060 shares of the fast-food giant’s stock valued at $814,000 after buying an additional 340 shares during the period. Hedge funds and other institutional investors own 69.13% of the company’s stock.

McDonald’s Corp. Company Profile

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