McDonald’s Corporation (NYSE:MCD), with 2.43% gains in previous 5 sessions, is under coverage of 31 analysts who collectively assign a hold rating on stock. 14 of the brokerages firms have a buy or better rating; the 0 sells versus 1 underperforms. The 25 stock analysts who cover the stock have an average PT at $127.76, with individual targets in the range of $110 to $140. The shares ended last trade at $122.84, implying that Wall Street analysts see shares climbing about 4.01 per cent in 12 months’ time.
Insider Trading News: Insiders at the company look pessimistic about the outlook as they seem to offload shares while they have 7.18 jumped so far this year. A Corp Exec VP – Ops & Tech Sys at McDonald’s Corporation (MCD) sold shares in a trading activity completed on Monday November 14, 2016. Sappington James R offloaded 8,298 shares in the company at a per-share price of $118.08 and ended up generating $979,830 in proceeds. Sappington James R retains 6,452 shares in the stock after this transaction. A Chairman Emeritus in the company, Mckenna Andrew J, on Monday October 24, 2016 collected $3,404,400 from the sale of 30,000 shares at a per-share price of $118.08. Insiders are expected to have better knowledge about the health and prospects of their company, which is why insiders’ move deserves attention.
McDonald’s Corporation (NYSE:MCD) Earnings on Tap
Investors interested in trading MCD stock at the current market price of $122.84/share should know the company will next release quarterly results for the December 2016 quarter. For the reporting quarter, equity analysts expect the stock to deliver $1.41 in earnings per share (EPS). That would represent a 7.63 per cent year-over-year increase. Revenue for the same quarter is predicted to arrive at $6.02B.
Historical Quarterly Earnings: Last quarter, McDonald’s Corporation generated nearly $6.42B in sales and net income of $1.62/share. That compares with the mean forecast $6.28B and $1.48/share, respectively. For the prior quarter revenue for the stock hit $6.27B, with EPS at $1.45.
McDonald’s Corporation (MCD) Analyst Rating News
Nomura is following shares of McDonald’s Corporation (MCD), so its rating change is noteworthy. The company stock was upgraded to Buy from Neutral, wrote analysts at Nomura, in a research note issued to clients on Monday December 05, 2016. There was another key research note provided by Guggenheim on Thursday December 01, 2016. The firm lowered its rating on MCD from Buy to Neutral.
Price Potential: Even though the stock has posted 0.13% rise in value, its new closing price reflects a -4.76% fall in value from company’s one year high of $131.96. The stock is currently holding above its 50-day SMA of $117.36 and above its 200-day SMA of $118.06. Over the last 3 months and over the last 6 months, the shares of McDonald’s Corporation (MCD), have changed 6.59% and 1.87%, respectively.
McDonald’s Corporation (NYSE:MCD) on October 21, 2016 announced results for the third quarter ended September 30, 2016. Amidst continued industry softness, third quarter comparable sales increased 1.3% in the U.S. supported by All Day Breakfast, everyday value under the McPick 2 platform and the introduction of Chicken McNuggets with no artificial preservatives. U.S. operating income for the quarter rose 8%, reflecting improved restaurant profitability and higher gains from refranchising. McDonald’s U.S. begins the fourth quarter with an expanded All Day Breakfast menu and continued emphasis on food quality and the customer experience.
Comparable sales for the International Lead segment increased 3.3% for the quarter, reflecting strong sales in the U.K. and positive results in Australia, Canada and Germany. Third quarter operating income for the segment increased 2% (5% in constant currencies) fueled by sales-driven improvements in franchised margin dollars across most markets.
Third quarter comparable sales increased 1.5% in the High Growth segment as positive performance in nearly all markets was partially offset by negative comparable sales in China due in part to temporary protests related to events surrounding the South China Sea and comparison against very strong prior year results. The segment’s operating income rose 8% (10% in constant currencies) driven by improved restaurant profitability in China, which benefited from recent VAT reform.
Third quarter comparable sales rose 10.1% in the Foundational markets led by strong performance in Japan as well as solid results in each of the segment’s geographic regions. For the segment, which includes Corporate G&A and other costs, operating income for the quarter declined as Japan’s contribution to the segment’s bottom-line profitability was more than offset by the impact of strategic charges associated with the Company’s global G&A and refranchising initiatives.