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

McDonald’s (NYSE:MCD) is anticipated to post its quarterly earnings results before the market opens on Monday, February 10th. Analysts expect McDonald’s to post earnings of $2.84 per share and revenue of $6.48 billion for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

McDonald’s Stock Up 0.0 %

NYSE:MCD opened at $294.39 on Friday. The stock has a fifty day simple moving average of $290.73 and a 200 day simple moving average of $290.40. The firm has a market capitalization of $210.97 billion, a price-to-earnings ratio of 25.85, a price-to-earnings-growth ratio of 3.83 and a beta of 0.74. McDonald’s has a 1-year low of $243.53 and a 1-year high of $317.90.

McDonald’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.40%. The ex-dividend date is Monday, March 3rd. McDonald’s’s payout ratio is 62.16%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on MCD shares. Robert W. Baird lowered shares of McDonald’s from an “outperform” rating to a “neutral” rating and cut their price target for the company from $320.00 to $290.00 in a report on Wednesday, October 23rd. Guggenheim downgraded shares of McDonald’s from a “buy” rating to a “neutral” rating and cut their target price for the company from $290.00 to $285.00 in a research note on Wednesday, October 23rd. Truist Financial decreased their target price on McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. BMO Capital Markets upped their price target on McDonald’s from $315.00 to $335.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, Bank of America lifted their target price on McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $318.86.

Insider Activity

In related news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $292.50, for a total value of $321,457.50. Following the transaction, the insider now directly owns 9,286 shares in the company, valued at $2,716,155. This represents a 10.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $290.15, for a total value of $989,121.35. Following the completion of the sale, the executive vice president now owns 9,675 shares of the company’s stock, valued at $2,807,201.25. This represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,406 shares of company stock worth $2,150,857. 0.23% of the stock is owned by corporate insiders.

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.