McDonald's Corporation(NYSE:MCD) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 26, 2016. Company reported revenue of $6.26B. Analysts estimated a revenue of $6.28B. Earnings per share were $1.45. Analysts had estimated an EPS of $1.39.
In a different note, On Jun 29, 2016, Baird said it Maintains its rating on McDonald's Corporation. In the research note, the firm Lowers the price-target to $130.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jun 27, 2016, Credit Suisse said it Maintains its rating on McDonald's Corporation. In the research note, the firm Lowers the price-target to $135.00 per share. The shares have been rated ‘Outperform’ by the firm. On Jun 22, 2016, Nomura said it Downgrades its rating on McDonald's Corporation. The shares have been rated ‘Neutral’ by the firm. On May 26, 2016, Bernstein said it Assumes its rating on McDonald's Corporation. The shares have been rated ‘Market Perform’ by the firm.
McDonald's Corporation (MCD) shares turned negative on Fridays trading session with the shares closing down -1.77 points or -1.48% at a volume of 74,60,860. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $119.66. The peak price level was also seen at $119.66 while the days lowest was $117.43. Finally the shares closed at $117.65. The 52-week high of the shares is $131.96 while the 52-week low is $87.5. According to the latest information available, the market cap of the company is $103,280 M.
Several Insider Transactions has been reported to the SEC. On May 4, 2016, Brian Mullens (Corp Sr Vice Pres – Controller) sold 845 shares at $128.93 per share price.Also, On Apr 26, 2016, Kevin M Ozan (Exec Vice Pres & CFO) sold 13,007 shares at $125.07 per share price.On Feb 2, 2016, Gloria Santona (Corp Exec VP, Gen Coun, Secy) sold 24,100 shares at $124.24 per share price, according to the Form-4 filing with the securities and exchange commission.
McDonalds Corporation operates and franchises McDonalds restaurants. McDonalds global system comprises both Company-owned and franchised restaurants. The Company manages its business as distinct geographic segments: the United States (U.S.); Europe and Asia/Pacific Middle East and Africa (APMEA). The Companys operations in Canada and Latin America as well as its Corporate activities are reported under Other Countries & Corporate. The Companys restaurants offer a substantially uniform menu including hamburgers and cheeseburgers Big Mac Quarter Pounder with Cheese Filet-O-Fish several chicken sandwiches Chicken McNuggets wraps French fries salads oatmeal shakes McFlurry desserts sundaes soft serve cones pies soft drinks coffee McCafe beverages and other beverages. McDonalds franchised restaurants are owned and operated under one of the following structures: conventional franchise developmental license or affiliate.