MCD) — McDonald's Corporation (NYSE

McDonald's serves up surging sales and profits

Several analysts have commented on MCD shares. Sanford C. Bernstein restated an outperform rating and set a $170.00 target price on shares of McDonald's Corporation in a research note on Tuesday, July 25th. Instinet maintained the shares of MCD in report on Wednesday, January 4 with "Buy" rating. Culbertson A N & Co Inc cut its investment by shedding 15,207 shares a decrease of 5.6% as of 09/30/2017. (The) set a $174.00 target price on McDonald's Corporation and gave the company a buy rating in a research report on Thursday, July 27th. Finally, Vetr raised shares of McDonald's Corp. from a "hold" rating to a "buy" rating and set a $121.01 price target on the stock in a research note on Wednesday, September 28th.

McDonald's Corporation (NYSE MCD) opened at 163.34 on Friday.

More notable recent McDonald's Corporation (NYSE:MCD) news were published by: Seekingalpha.com which released: "What McDonald's Faces Down The Road" on October 04, 2017, also Seekingalpha.com with their article: "For McDonald's, Strong Dividend Growth Means A Strong Future" published on October 17, 2017, Seekingalpha.com published: "Dividend Aristocrats In Focus Part 17: McDonald's" on October 20, 2017. The stock has a market cap of $132.30 billion, a price-to-earnings ratio of 26.74 and a beta of 0.69. MCD's latest closing price was 14.14% away from the average price of 200 days while it maintained a distance of 3.35% from the 50 Day Moving Average and 2.46% away compared to its SMA 20. McDonald's Corporation (NYSE:MCD) has risen 18.25% since October 24, 2016 and is uptrending.

The company has a forward price-earnings (P/E) ratio of 23.70 that multiplied by a weighted (quarters) average EPS of $6.86 for fiscal years 2017 and 2018, yields to a value of $162.58 per share.

The Golden Arches' global same-store sales expanded at a 6% pace, compared to the consensus expectation of 4.5%. McDonald's Corporation had a net margin of 21.00% and a negative return on equity of 264.89%. The company's revenue was down 3.4% compared to the same quarter past year. During the same period in the previous year, the business earned $1.62 EPS. Azimuth Cap Mngmt Lc stated it has 0.82% of its portfolio in McDonald's Corporation (NYSE:MCD).

TRADEMARK VIOLATION NOTICE: "United Bank Has $1.94 Million Position in McDonald's Corporation (MCD)" was first posted by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this article on another domain, it was stolen and reposted in violation of United States and global trademark & copyright legislation. Nomura upgraded McDonald's Corporation (NYSE:MCD) on Monday, December 5 to "Buy" rating. As per Thursday, November 12, the company rating was maintained by Leerink Swann.

Dollar drinks and signature burgers were expected to lift McDonald's Q3 results, RBC analyst David Palmer said before the earnings were released.

From its operations the company generated cash flow of $5.82 billion over the last 12 trailing months' time frame, of which almost 43% was used by McDonald's for business growth purposes and to pay dividends to its shareholders according to a pay-out ratio of 60.82%. The shares were sold at an average price of $157.05, for a total value of $751,013.10. Following the transaction, the chairman now owns 72,514 shares of the company's stock, valued at $8,228,888.72. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Schafer Cullen Capital Management Inc sold 334,924 shares as the company's stock rose 10.69% with the market. The shares were sold at an average price of $154.44, for a total value of $1,666,870.92. Philadelphia owns 1,697 shares for 0.02% of their portfolio. The disclosure for this sale can be found here. Hedge funds and other institutional investors own 67.92% of the company's stock.

Results for the quarter and nine months reflected stronger operating performance and G&A savings.

Regal Investment Advisors Llc increased Alphabet Inc stake by 2,630 shares to 3,034 valued at $2.76 million in 2017Q2.

Bell State Bank & Trust decreased Mcdonalds Corp (MCD) stake by 5.53% reported in 2017Q2 SEC filing. Alliancebernstein L.P. now owns 7,558,294 shares of the fast-food giant's stock worth $1,157,628,000 after buying an additional 3,110,669 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in McDonald's Corp.by 33.3% in the second quarter. The fast-food giant reported $1.62 EPS for the quarter, beating the Zacks' consensus estimate of $1.49 by $0.13.

Related:

  • Reality star falls through stage in brutal awards show gaffe

    Reality star falls through stage in brutal awards show gaffe

    While speaking about the hilarious (sorry, Gemma) incident, the TOWIE star also seemed to hint that she might be taking legal action.
    Trump to allow release of thousands of JFK files by National Archives

    Trump to allow release of thousands of JFK files by National Archives

    Also, Trump was not clear about whether he would publish all of the documents in full, or with some of them redacted. The National Archives has until Thursday to disclose the remaining files related to Kennedy's 1963 assassination.
    Is Taylor Swift's 'Gorgeous' About Tom Hiddleston Or Joe Alwyn?

    Is Taylor Swift's 'Gorgeous' About Tom Hiddleston Or Joe Alwyn?

    As we all know, Taylor Swift gets what Taylor Swift wants. "You're so cool, it makes me hate you so much (I hate you so much)". In the clip, we hear a young girl reciting the name of the song as a beat we'll be bopping to in no time builds.
  • Verizon reports wireless and wireline revenues down in third quarter

    Verizon reports wireless and wireline revenues down in third quarter

    The stock witnessed -0.55% declines, 11.26% gains and 4.15% gains for the 1-month, 3-month and 6-month period, respectively. The firm has "Buy" rating given on Friday, October 20 by Bank of America. (NASDAQ:BGCP) to report earnings on October, 26.
    Chelsea vs Watford: Marco Silva fumes at 'unfair result' after controlling game

    Chelsea vs Watford: Marco Silva fumes at 'unfair result' after controlling game

    David Luiz attempted to head the ball out but it dropped down for Doucoure to fire home through a crowd of players. The home side leveled in the 71st when Batshuayi headed Pedro's cross from the right into the far corner.
    India rout Pakistan 4-0, face Malaysia in Asia Cup hockey final

    India rout Pakistan 4-0, face Malaysia in Asia Cup hockey final

    India's first win, in 2003, came at Pakistan's expense in the final and then again in both countries' last pool match in 2017. Lalit finished off a brilliant team move with a fierce backhander in the 52nd minute to make it 3-0 in India's favour.
  • Match against Mali should have been postponed: Ghana coach

    Match against Mali should have been postponed: Ghana coach

    Traore seized on the mistake, making use of the sodden pitch holding up possession, and drove forward towards the penalty area. He was brought on in the 55 minute but by then it was too late as Mali had mentally drained Ghana with their tactics.
    Weird  conspiracy theory about fake Melania Trump takes over social media

    Weird conspiracy theory about fake Melania Trump takes over social media

    Critics zeroed in on footage of Trump from Friday as he addressed the media about hurricane relief for Puerto Rico that showed the First Lady , wearing her large black sunglasses, standing behind her husband nodding.

    Liverpool not in race with Manchester City: Klopp

    We only think about Tottenham , not where we play. "[Injury] can always happen, but on the pitch I only think about how we can win the game".
  • Taylor Swift Is A Sexy Cyborg In

    While Taylor has turned comments off on Instagram , fans flocked to Twitter to discuss her nude scene. But then again, if we're learning anything from her new music, it's to expect the unexpected.
    Hoge and Jahns, Episode 123: Week 7 Bears, NFL Preview

    Hoge and Jahns, Episode 123: Week 7 Bears, NFL Preview

    The Panthers have a chance to be successful against the Bears, who rank 15th in rushing yards allowed (626). On average they tend to give up more points and especially more rushing yards when he's not in the game.
    Donald Trump suggests Federal Bureau of Investigation  is conspiring against him

    Donald Trump suggests Federal Bureau of Investigation is conspiring against him

    The dossier, first released publicly by Buzzfeed, was filled with unfounded smears about Trump that lacked evidence or proof. The firm's founder, Glenn Simpson, had previously given a 10-hour interview to the Senate Judiciary Committee.

Comments

Other news