McDonald’s (MCD) Scheduled to Post Earnings on Monday

McDonald’s (NYSE:MCD) will be releasing its earnings data before the market opens on Monday, July 29th. Analysts expect McDonald’s to post earnings of $3.10 per share for the quarter. Individual that are interested in registering for the company’s conference call can do so using this link.

McDonald’s (NYSE:MCD) last posted its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). McDonald’s had a net margin of 33.36% and a negative return on equity of 180.74%. The company had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.16 billion. During the same period in the previous year, the company posted $2.63 EPS. McDonald’s’s quarterly revenue was up 4.6% compared to the same quarter last year. On average, analysts expect McDonald’s to post $12 EPS for the current fiscal year and $13 EPS for the next fiscal year.

McDonald’s Stock Performance

Shares of NYSE MCD opened at $252.00 on Friday. McDonald’s has a 1 year low of $243.53 and a 1 year high of $302.39. The firm has a market cap of $181.61 billion, a P/E ratio of 21.39, a price-to-earnings-growth ratio of 2.91 and a beta of 0.71. The firm’s 50 day moving average price is $255.44 and its 200 day moving average price is $273.67.

McDonald’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be issued a $1.67 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $6.68 dividend on an annualized basis and a yield of 2.65%. McDonald’s’s payout ratio is 56.71%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on MCD shares. Stifel Nicolaus lowered their price target on McDonald’s from $285.00 to $265.00 and set a “hold” rating for the company in a report on Monday, July 22nd. Citigroup dropped their target price on McDonald’s from $297.00 to $280.00 and set a “neutral” rating on the stock in a report on Tuesday, July 16th. Evercore ISI decreased their price target on McDonald’s from $330.00 to $300.00 and set an “outperform” rating for the company in a report on Tuesday, July 16th. Guggenheim lowered their price objective on shares of McDonald’s from $315.00 to $280.00 and set a “buy” rating for the company in a research report on Tuesday, July 2nd. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of McDonald’s from $310.00 to $295.00 and set a “buy” rating on the stock in a research report on Tuesday, July 16th. Ten equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $308.57.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of the business’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $248.26, for a total transaction of $371,893.48. Following the completion of the transaction, the executive vice president now owns 1,560 shares in the company, valued at approximately $387,285.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Marion K. Gross sold 1,498 shares of the company’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total value of $371,893.48. Following the completion of the sale, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $387,285.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Jonathan Banner sold 800 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $275.02, for a total transaction of $220,016.00. Following the transaction, the executive vice president now owns 19 shares in the company, valued at approximately $5,225.38. The disclosure for this sale can be found here. Insiders sold a total of 5,594 shares of company stock worth $1,454,507 over the last ninety days. Company insiders own 0.23% of the company’s stock.

McDonald’s Company Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.