McDonald’s Co. (NYSE:MCD) – Equities researchers at Piper Sandler decreased their Q1 2023 EPS estimates for McDonald’s in a research report issued to clients and investors on Wednesday, February 16th. Piper Sandler analyst N. Regan now expects that the fast-food giant will earn $2.49 per share for the quarter, down from their previous estimate of $2.50. Piper Sandler has a “Overweight” rating and a $282.00 price target on the stock. McDonald’s (NYSE:MCD) last released its quarterly earnings data on Thursday, January 27th. The fast-food giant reported $2.23 earnings per share for the quarter, missing the consensus estimate of $2.34 by ($0.11). The company had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $6.03 billion. McDonald’s had a net margin of 32.49% and a negative return on equity of 119.62%. The business’s revenue was up 13.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.70 EPS.
Several other analysts also recently issued reports on MCD. JPMorgan Chase & Co. lifted their price target on shares of McDonald’s from $250.00 to $260.00 and gave the company an “overweight” rating in a research report on Thursday, October 28th. Morgan Stanley lifted their price objective on shares of McDonald’s from $275.00 to $294.00 and gave the stock an “overweight” rating in a report on Friday, January 14th. Royal Bank of Canada lifted their price objective on shares of McDonald’s from $268.00 to $280.00 and gave the stock an “outperform” rating in a report on Thursday, October 28th. Truist Financial lifted their price objective on shares of McDonald’s from $266.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, October 27th. Finally, Barclays lifted their price objective on shares of McDonald’s from $300.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday, January 28th. Four research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. According to MarketBeat, McDonald’s presently has a consensus rating of “Buy” and a consensus target price of $279.37.
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NYSE MCD traded up $0.17 during mid-day trading on Friday, hitting $251.10. The company’s stock had a trading volume of 36,425 shares, compared to its average volume of 3,129,473. The company’s 50 day simple moving average is $260.67 and its 200 day simple moving average is $250.02. McDonald’s has a twelve month low of $202.73 and a twelve month high of $271.15. The firm has a market capitalization of $187.63 billion, a price-to-earnings ratio of 25.07, a PEG ratio of 2.70 and a beta of 0.60.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 15th. Stockholders of record on Tuesday, March 1st will be given a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend is Monday, February 28th. McDonald’s’s dividend payout ratio is presently 54.98%.
Institutional investors and hedge funds have recently made changes to their positions in the company. Norwood Financial Corp purchased a new stake in McDonald’s in the fourth quarter worth approximately $27,000. Future Financial Wealth Managment LLC purchased a new stake in McDonald’s in the fourth quarter worth approximately $33,000. Clear Perspectives Financial Planning LLC boosted its stake in McDonald’s by 50.0% in the third quarter. Clear Perspectives Financial Planning LLC now owns 123 shares of the fast-food giant’s stock worth $30,000 after buying an additional 41 shares in the last quarter. Delos Wealth Advisors LLC purchased a new stake in McDonald’s in the third quarter worth approximately $30,000. Finally, Castle Financial & Retirement Planning Associates Inc. purchased a new stake in McDonald’s in the fourth quarter worth approximately $34,000. Hedge funds and other institutional investors own 67.23% of the company’s stock.
About McDonald’s
McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations in the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the U.K.
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