$5.30 Billion in Sales Expected for Mcdonald’s Corp (MCD) This Quarter

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Brokerages expect Mcdonald’s Corp (NYSE:MCD) to post sales of $5.30 billion for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have made estimates for Mcdonald’s’ earnings. The highest sales estimate is $5.50 billion and the lowest is $5.23 billion. Mcdonald’s posted sales of $5.35 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 0.9%. The business is scheduled to issue its next quarterly earnings report on Thursday, July 25th.

According to Zacks, analysts expect that Mcdonald’s will report full-year sales of $21.00 billion for the current financial year, with estimates ranging from $20.75 billion to $21.39 billion. For the next financial year, analysts expect that the company will report sales of $21.44 billion, with estimates ranging from $20.80 billion to $21.97 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Mcdonald’s.

Mcdonald’s (NYSE:MCD) last posted its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $1.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.01). Mcdonald’s had a negative return on equity of 95.31% and a net margin of 28.20%. The company had revenue of $4.96 billion for the quarter, compared to the consensus estimate of $4.94 billion. During the same period in the prior year, the firm posted $1.79 earnings per share. The business’s revenue was down 3.6% on a year-over-year basis.

MCD has been the subject of a number of research analyst reports. Royal Bank of Canada reaffirmed a “buy” rating and set a $205.00 price objective on shares of Mcdonald’s in a report on Wednesday, January 30th. Stephens raised shares of Mcdonald’s from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $180.00 to $200.00 in a report on Tuesday, February 19th. Wells Fargo & Co lifted their price objective on shares of Mcdonald’s from $203.00 to $218.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Barclays lifted their price objective on shares of Mcdonald’s from $208.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Finally, Mizuho lifted their price objective on shares of Mcdonald’s from $204.00 to $215.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Seven research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $202.39.

In other Mcdonald’s news, insider Christopher J. Kempczinski sold 38,729 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $195.21, for a total value of $7,560,288.09. Following the transaction, the insider now owns 11,658 shares in the company, valued at $2,275,758.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kevin M. Ozan sold 40,930 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $195.90, for a total transaction of $8,018,187.00. Following the completion of the transaction, the chief financial officer now owns 42,647 shares in the company, valued at approximately $8,354,547.30. The disclosure for this sale can be found here. Insiders sold 104,449 shares of company stock worth $20,458,931 in the last 90 days. Corporate insiders own 0.25% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Marathon Capital Management increased its position in shares of Mcdonald’s by 36.6% during the fourth quarter. Marathon Capital Management now owns 1,717 shares of the fast-food giant’s stock valued at $304,000 after buying an additional 460 shares during the period. United Income Inc. bought a new stake in Mcdonald’s during the fourth quarter worth about $550,000. Manning & Napier Group LLC boosted its stake in Mcdonald’s by 5.8% during the fourth quarter. Manning & Napier Group LLC now owns 152,951 shares of the fast-food giant’s stock worth $27,159,000 after acquiring an additional 8,368 shares in the last quarter. Pekin Singer Strauss Asset Management IL boosted its stake in Mcdonald’s by 28.8% during the fourth quarter. Pekin Singer Strauss Asset Management IL now owns 7,944 shares of the fast-food giant’s stock worth $1,411,000 after acquiring an additional 1,774 shares in the last quarter. Finally, Allen Capital Group LLC bought a new stake in Mcdonald’s during the fourth quarter worth about $208,000. Hedge funds and other institutional investors own 69.03% of the company’s stock.

Shares of NYSE MCD traded up $0.10 during mid-day trading on Friday, reaching $199.94. 57,332 shares of the company were exchanged, compared to its average volume of 3,218,535. Mcdonald’s has a 52 week low of $153.13 and a 52 week high of $201.15. The company has a market capitalization of $152.59 billion, a P/E ratio of 25.25, a P/E/G ratio of 2.79 and a beta of 0.54.

About Mcdonald’s

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.

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Earnings History and Estimates for Mcdonald`s (NYSE:MCD)

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