First Quarter 2022 EPS estimates for McDonald’s Co. reduced by Wedbush (NYSE:MCD)


McDonald’s Co. (NYSE:MCD – Get Rating) – Wedbush equity researchers dropped their first-quarter 2022 earnings per share (EPS) estimates for McDonald’s in a research report released Friday, April 22. Wedbush analyst N. Setyan now expects the fast-food giant to post earnings of $2.17 per share for the quarter, down from its previous forecast of $2.19. . Wedbush has an “Outperform” rating on the stock. Wedbush also released estimates for McDonald’s Q1 2023 earnings at $2.35 EPS, Q2 2023 earnings at $2.73 EPS, Q3 2023 earnings at $3.02 EPS, Q4 earnings at $3.02 EPS 2023 at $2.61 EPS and earnings for fiscal year 2023 at $10.71 EPS.

McDonald’s (NYSE:MCD – Get Rating) last released its results on Thursday, January 27. The fast-food giant reported earnings per share of $2.23 for the quarter, missing Thomson Reuters’ consensus estimate of $2.31 per ($0.08). The company posted revenue of $6.01 billion in the quarter, versus $6.03 billion expected by analysts. McDonald’s had a net margin of 32.49% and a negative return on equity of 119.62%. The company’s revenue increased 13.1% year over year. During the same period of the previous year, the company achieved EPS of $1.70.

A number of other research companies have also recently commented on MCD. Oppenheimer cut his price target on McDonald’s stock from $290.00 to $280.00 in a Monday, March 14 report. Goldman Sachs Group raised its price target on McDonald’s shares from $284.00 to $287.00 in a Wednesday, January 19 report. Zacks Investment Research reissued a “hold” rating on McDonald’s stock in a Thursday, March 17 report. Morgan Stanley lowered its price target on McDonald’s stock from $294.00 to $287.00 and set an “overweight” rating on the stock in a Thursday, March 17 report. Finally, Robert W. Baird raised his price target on McDonald’s stock from $268.00 to $293.00 in a Tuesday, January 25 report. Seven investment analysts gave the stock a hold rating and twenty-four gave the company a buy rating. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $279.96.

MCD stock opened at $250.17 on Monday. The company has a market capitalization of $185.03 billion, a P/E ratio of 24.92, a P/E/G ratio of 3.01 and a beta of 0.61. McDonald’s has a 52-week low of $217.68 and a 52-week high of $271.15. The company’s 50-day moving average price is $243.66 and its 200-day moving average price is $251.19.

A number of institutional investors and hedge funds have recently increased or reduced their stakes in the company. Blue Square Asset Management LLC increased its stake in McDonald’s by 0.8% during the fourth quarter. Blue Square Asset Management LLC now owns 4,743 shares of the fast food giant worth $1,271,000 after buying 39 additional shares during the period. Red Wave Investments LLC increased its stake in McDonald’s stock by 4.2% in the fourth quarter. Red Wave Investments LLC now owns 984 shares of the fast food giant valued at $264,000 after buying 40 additional shares during the period. Jag Capital Management LLC increased its stake in McDonald’s stock by 1.1% in the fourth quarter. Jag Capital Management LLC now owns 3,600 shares of the fast food giant valued at $965,000 after buying 40 additional shares during the period. Clear Perspectives Financial Planning LLC increased its stake in McDonald’s stock by 50.0% in the third quarter. Clear Perspectives Financial Planning LLC now owns 123 shares of the fast food giant valued at $30,000 after buying 41 additional shares during the period. Finally, Vista Wealth Management Group LLC increased its equity stake in McDonald’s by 3.3% in the fourth quarter. Vista Wealth Management Group LLC now owns 1,285 shares of the fast food giant valued at $344,000 after buying 41 additional shares during the period. Institutional investors hold 67.23% of the company’s shares.

In other McDonald’s news, manager Catherine M. Engelbert acquired 1,000 shares of the company in a transaction on Monday, February 28. The stock was purchased at an average price of $244.18 per share, for a total transaction of $244,180.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via the SEC’s website. Company insiders own 0.25% of the company’s shares.

McDonald’s Company Profile (Get an assessment)

McDonald’s Corporation operates and franchises McDonald’s restaurants in the United States and around the world. Its restaurants offer burgers and cheeseburgers, sandwiches and chicken nuggets, wraps, fries, salads, oatmeal, shakes, desserts, sundaes, soft serve cones, baked goods, soft drinks, coffee and beverages and other beverages, as well as the breakfast menu, including cookie and bagel sandwiches, breakfast burritos, rolls and other sandwiches.

See also

Earnings history and estimates for McDonald's (NYSE:MCD)



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