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Brokerages Predict McDonald’s Co. (NYSE: MCD) to Post $ 2.32 Per Share Profit

By on November 21, 2021 0

Brokerages forecast McDonald’s Co. (NYSE: MCD) to post earnings per share of $ 2.32 for the current quarter, Zacks investment research reports. Ten analysts have estimated McDonald’s earnings. The highest EPS estimate is $ 2.42 and the lowest is $ 2.18. McDonald’s reported earnings of $ 1.70 per share in the same quarter last year, suggesting a positive growth rate of 36.5% year-over-year. The company is expected to publish its next results on Thursday, January 27.

According to Zacks, analysts expect McDonald’s to report annual earnings of $ 9.34 per share for the current fiscal year, with EPS estimates ranging from $ 8.85 to $ 9.90. For the next fiscal year, analysts predict the company will report earnings of $ 10.06 per share, with EPS estimates ranging from $ 9.65 to $ 10.46. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts who cover McDonald’s.

McDonald’s (NYSE: MCD) last released its results on Wednesday, October 27. The fast food giant reported earnings per share (EPS) of $ 2.76 for the quarter, beating the Zacks’ consensus estimate of $ 2.46 by $ 0.30. The company posted revenue of $ 6.20 billion for the quarter, compared to analysts’ estimates of $ 6.04 billion. McDonald’s reported a negative return on equity of 99.00% and a net margin of 32.33%. The company’s revenue grew 14.5% year-over-year. In the same quarter of last year, the company posted EPS of $ 2.22.

A number of equity research analysts have recently weighed in on MCD stocks. Wedbush increased its target price on McDonald’s from $ 265.00 to $ 270.00 and gave the stock an “outperformance” rating in a research report released Thursday, July 29. Stephens raised his price target on McDonald’s from $ 260.00 to $ 270.00 and gave the stock an “equal weight” rating in a research report published on Friday, October 29. Robert W. Baird reiterated a “buy” rating on McDonald’s shares in a report released on Tuesday, August 31. Piper Sandler raised her price target on McDonald’s from $ 225.00 to $ 232.00 and gave the company a “neutral” rating in a research note on Thursday, July 29. Finally, Oppenheimer raised its price target on McDonald’s from $ 270.00 to $ 280.00 and gave the company an “outperformance” rating in a research note on Thursday, October 28. They noted that the move was an appraisal call. Seven investment analysts assigned a conservation rating to the stock and twenty-five assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $ 264.74.

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MCD traded at $ 1.53 in Friday’s session, reaching $ 251.95. The company’s shares had a trading volume of 2,743,087 shares, compared to its average volume of 2,714,200. The company’s 50-day moving average price is $ 245.78 and its moving average price is $ 245.78. over two hundred days is $ 239.09. McDonald’s has a 12-month low of $ 202.73 and a 12-month high of $ 257.53. The stock has a market cap of $ 188.27 billion, a price / earnings ratio of 25.97, a price / earnings-growth ratio of 2.27, and a beta of 0.59.

The company also recently unveiled a quarterly dividend, which will be paid on Wednesday, December 15. Investors of record on Wednesday, December 1 will receive a dividend of $ 1.38 per share. This represents an annualized dividend of $ 5.52 and a dividend yield of 2.19%. The ex-dividend date for this dividend is Tuesday, November 30. This is a positive change from McDonald’s previous quarterly dividend of $ 1.29. McDonald’s payout ratio is 53.20%.

Separately, insider Joseph M. Erlinger sold 4,324 shares of the company in a trade on Friday, October 29. The shares were sold for an average price of $ 245.41, for a total value of $ 1,061,152.84. The transaction was disclosed in a file with the SEC, which can be accessed through the SEC website. Insiders own 0.25% of the company’s shares.

Large investors have recently bought and sold shares in the company. Coyle Financial Counsel LLC purchased a new equity stake in McDonald’s in the third quarter valued at approximately $ 451,000. CFS Investment Advisory Services LLC purchased a new position in McDonald’s during the third quarter valued at approximately $ 2,103,000. Personal CFO Solutions LLC increased its stake in McDonald’s shares by 2.7% in the third quarter. Personal CFO Solutions LLC now owns 2,367 shares of the fast food giant valued at $ 571,000 after purchasing an additional 63 shares during the period. Wealthsource Partners LLC purchased a new position in McDonald’s shares in the third quarter valued at approximately $ 1,146,000. Finally, Gyon Technologies Capital Management LP increased its stake in McDonald’s shares by 46.9% in the third quarter. Gyon Technologies Capital Management LP now owns 9,306 shares of the fast food giant valued at $ 2,244,000 after purchasing an additional 2,973 shares during the period. Institutional investors hold 66.28% of the shares of the company.

About McDonald’s

McDonald’s Corp. deals with the operation and franchising of restaurants. It operates through the following segments: United States; International Markets Operated and International Licensed Development Markets and Companies. The American segment concentrates its activities in the United States. The International Operated Markets segment includes restaurant operations and franchising in Australia, Canada, France, Germany, Italy, Netherlands, Russia, Spain and UK

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McDonald's Profit History and Estimates (NYSE: MCD)

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