McDonald's Earnings Top On Strong Same-Store Sales Growth

McDonald's Earnings Top On Strong Same-Store Sales Growth

Private Vista LLC increased its holdings in McDonald's Co. (NYSE:MCD) by 3.7% in the third quarter, according to its most recent filing with the SEC. Cowen & Co maintained the shares of MCD in report on Friday, December 1 with "Buy" rating.

A number of other equities research analysts also recently weighed in on the company.

After the results were released, McDonald's Corp. shares slipped half a percentage to $176.50 in premarket trading Tuesday. It also reduced its holding in At&T Inc (NYSE:T) by 18,460 shares in the quarter, leaving it with 45,196 shares, and cut its stake in First Tr Value Line Divid In (FVD). The stock ended last trade at 86.95 a share and the price is up more than -5.37% so far this year. Howe & Rusling Inc. lifted its holdings in shares of McDonald's by 75.0% in the 3rd quarter. Janus Henderson Group PLC now owns 4,422,423 shares of the fast-food giant's stock worth $677,339,000 after acquiring an additional 4,313,253 shares during the period. Finally, Acrospire Investment Management LLC purchased a new position in shares of McDonald's in the second quarter valued at about $153,000. Winch Advisory Services LLC increased its holdings in McDonald's by 0.4% in the 2nd quarter.

Generally, companies with positive EPS are more highly valued than companies with negative EPS, and a novice investor should just stick to companies with long track records of profit making. Bernstein reinitiated the stock with "Market Perform" rating in Thursday, May 26 report. Taurus Asset Mgmt Limited Liability Corporation has 2.75% invested in McDonald's Corporation (NYSE:MCD) for 112,698 shares. Baker Boyer Bancorporation holds 2.26% of its portfolio in McDonald's Corporation (NYSE:MCD) for 4,368 shares. About 22.72M shares traded.

The company issued a forecast for adjusted 2018 earnings of $2.90 to $3 per share, higher than in the past couple of years, with revenue in the range of $53.5 billion to $55.5 billion. McDonald's Corporation had 127 analyst reports since September 29, 2015 according to SRatingsIntel.

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Among 16 analysts covering Wolverine (NYSE:WWW), 4 have Buy rating, 3 Sell and 9 Hold. Nomura set a $180.00 price target on McDonald's and gave the stock a "buy" rating in a report on Wednesday, October 25th.

In other news, insider Stephen Easterbrook sold 171,577 shares of McDonald's stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $168.32, for a total value of $28,879,840.64. Following the transaction, the insider now directly owns 49,778 shares in the company, valued at approximately $8,378,632.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Green Square Capital Ltd Liability Corp has 0.07% invested in McDonald's Corporation (NYSE:MCD). With Latest loss move, stock price showed -3.48% downward in value from one year high price and revealed 41.73% upward in value from its one year low price. The stock had a trading volume of 7,003,790 shares, compared to its average volume of 3,350,000. The short ratio in the company's stock is documented at 2.15 and the short float is around of 0.78%. The company P/S (price to Sales) ratio is 6.03, P/B (price to Book) ratio is 0, while its P/C (price to Cash) ratio stands at 53.09.

Net income fell to $698.7 million, or 87 cents per share, from $1.19 billion, or $1.44 per share, a year earlier, mainly due to a $700 million charge related to recent changes in the tax law. The fast-food giant reported $1.71 earnings per share for the quarter, beating analysts' consensus estimates of $1.59 by $0.12. Presently, it has a Return on Equity (ROE) of -234.20% and Return on Investment (ROI) of 23.40%.

"Our Velocity Growth Plan is working and we're focused on aggressive execution in 2018 to achieve the even greater ambitions we have for our business and brand in the years ahead", Easterbrook said. The company's revenue was down 11.4% compared to the same quarter last year. sell-side analysts predict that McDonald's will post 6.53 EPS for the current fiscal year. The ex-dividend date of this dividend is Wednesday, February 28th.

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