McDonald's Q4 earnings dented by one-time United States tax hit

Javier Stokes
February 3, 2018

The Home Depot Inc. had 105 analyst reports since August 19, 2015 according to SRatingsIntel. M Kraus holds 2,156 shares or 0.21% of its portfolio.

Cullen Frost Bankers Inc. lessened its holdings in McDonald's Co.

Wide-moat McDonald's carried its 2017 momentum into the fourth quarter and now finds itself in a place of strength. Let's take a look at McDonald's in more detail. Proficio Capital Partners LLC raised its holdings in McDonald's by 0.7% during the second quarter. Proficio Capital Partners LLC now owns 745 shares of the fast-food giant's stock valued at $117,000 after purchasing an additional 5 shares during the last quarter.

Mkp Capital Management Llc increased its stake in Nordstrom Inc (JWN) by 74.27% based on its latest 2017Q3 regulatory filing with the SEC.

Winslow Evans & Crocker Inc, which manages about $600.60M and $300.94M US Long portfolio, decreased its stake in Broadcom Ltd by 4,094 shares to 32,090 shares, valued at $7.78M in 2017Q3, according to the filing. McDonald's Co. has a one year low of $121.70 and a one year high of $178.70. The New York-based D E Shaw And has invested 0.54% in McDonald's Corporation (NYSE:MCD). The short ratio in the company's stock is documented at 2.15 and the short float is around of 0.78%. The company has a market capitalization of $141,590.00, a price-to-earnings ratio of 25.22, a PEG ratio of 2.81 and a beta of 0.67.

McDonald's Corp. (MCD) reported fourth-quarter net income of $698.7 million, or 87 cents per share on Tuesday, down from $1.20 billion, or $1.44 per share, for the same period a year ago. Excluding those items, McDonald's reported earnings of $1.71 per share, which was 12 cents higher than the $1.59 per share that analysts expected, according to EarningsWhisper. The Return on Equity (ROE) value stands at -234.2%. It reported revenue of US$5.34 billion, above the US$5.26 billion analysts expected. The stock is showing 3.63% so far this year and moved 1.27% during recent week. Zacks Investment Research raised McDonald's from a "hold" rating to a "buy" rating and set a $196.00 price target for the company in a report on Thursday, January 18th.

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The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be issued a dividend of $1.01 per share. Going forward, analysts expect MCD's payout to remain around the same level at 57.00% of its earnings, which leads to a dividend yield of 2.36%. The firm owned $6.39 million shares of the company's stock after selling 1.53 million shares during the period.

On 11/21/2017 Stephen Easterbrook, Insider, sold 171,577 with an average share price of $168.32 per share and the total transaction amounting to $28,879,840.64. 520.27 million shares or 3.02% less from 536.45 million shares in 2017Q2 were reported. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.24% of the company's stock. Cowen & Co maintained it with "Buy" rating and $185.0 target in Friday, December 1 report. Average true range (ATR-14) of the company is at 2.18. Finally, BMO Capital Markets set a $175.00 price target on shares of McDonald's and gave the stock a "buy" rating in a research report on Wednesday, October 25th.

Among 6 analysts covering Enerflex (TSE:EFX), 6 have Buy rating, 0 Sell and 0 Hold.

ILLEGAL ACTIVITY WARNING: This story was originally reported by TrueBlueTribune and is owned by of TrueBlueTribune. "(MCD)" was originally posted by Week Herald and is the property of of Week Herald. The legal version of this story can be read at https://registrarjournal.com/2018/01/31/mcdonalds-co-mcd-position-reduced-by-aviance-capital-partners-llc.html.

McDonald's Corporation (McDonald's) operates and franchises McDonald's restaurants.

McDonald's has about 37,000 restaurants in more than 100 countries. Its lead worldwide markets - a category that includes the United Kingdom and Canada - gained 6% on that basis, compared with a 5% prediction.

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