Mcdonald’s Corp (NYSE:MCD) – Equities research analysts at Jefferies Financial Group lowered their Q2 2019 EPS estimates for Mcdonald’s in a report released on Thursday, April 25th, Zacks Investment Research reports. Jefferies Financial Group analyst A. Barish now expects that the fast-food giant will post earnings of $2.04 per share for the quarter, down from their prior forecast of $2.08. Jefferies Financial Group also issued estimates for Mcdonald’s’ Q3 2019 earnings at $2.22 EPS and FY2019 earnings at $8.04 EPS.
Mcdonald’s (NYSE:MCD) last posted its earnings results on Tuesday, April 30th. The fast-food giant reported $1.72 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.73 by ($0.01). Mcdonald’s had a net margin of 28.20% and a negative return on equity of 96.25%. The firm had revenue of $4.96 billion during the quarter, compared to analyst estimates of $4.94 billion. During the same period last year, the company posted $1.79 EPS. The firm’s revenue for the quarter was down 3.6% on a year-over-year basis.
Several other analysts also recently issued reports on the company. Royal Bank of Canada restated a “buy” rating and issued a $205.00 price objective on shares of Mcdonald’s in a research report on Wednesday, January 30th. Stephens upgraded Mcdonald’s from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $180.00 to $200.00 in a research report on Tuesday, February 19th. Wells Fargo & Co upped their price objective on Mcdonald’s from $202.00 to $203.00 and gave the company an “outperform” rating in a research report on Friday, January 11th. Zacks Investment Research upgraded Mcdonald’s from a “sell” rating to a “hold” rating in a research report on Monday, April 15th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $210.00 price objective (up from $195.00) on shares of Mcdonald’s in a research report on Friday, April 5th. Seven equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $202.39.
Shares of NYSE:MCD opened at $198.90 on Monday. Mcdonald’s has a 52-week low of $153.13 and a 52-week high of $200.00. The firm has a market capitalization of $150.81 billion, a PE ratio of 25.18, a P/E/G ratio of 2.76 and a beta of 0.54.
Institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Mcdonald’s in the first quarter valued at about $61,343,000. Cim LLC grew its stake in shares of Mcdonald’s by 9.9% in the first quarter. Cim LLC now owns 1,737 shares of the fast-food giant’s stock valued at $330,000 after buying an additional 156 shares in the last quarter. Bedell Frazier Investment Counseling LLC grew its stake in shares of Mcdonald’s by 5.4% in the first quarter. Bedell Frazier Investment Counseling LLC now owns 1,312 shares of the fast-food giant’s stock valued at $249,000 after buying an additional 67 shares in the last quarter. Trillium Asset Management LLC acquired a new stake in shares of Mcdonald’s in the first quarter valued at about $317,000. Finally, Cypress Capital Management LLC WY grew its stake in shares of Mcdonald’s by 759.2% in the first quarter. Cypress Capital Management LLC WY now owns 6,530 shares of the fast-food giant’s stock valued at $1,240,000 after buying an additional 5,770 shares in the last quarter. Institutional investors own 68.87% of the company’s stock.
In other news, EVP Jerome N. Krulewitch sold 20,641 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $196.40, for a total value of $4,053,892.40. Following the transaction, the executive vice president now directly owns 20,641 shares in the company, valued at approximately $4,053,892.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Catherine A. Hoovel sold 1,328 shares of the firm’s stock in a transaction dated Thursday, February 14th. The stock was sold at an average price of $175.95, for a total value of $233,661.60. Following the completion of the transaction, the vice president now owns 2,499 shares in the company, valued at $439,699.05. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 101,628 shares of company stock worth $19,866,029. Company insiders own 0.25% 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.