McDonald's Corporation (MCD) reported quarterly earnings results on Friday, Apr-22-2016. The company said it had a profit of $1.23 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $1.17. The company posted revenue of $5904.00 million in the period, compared to analysts expectations of $5821.41 million. The company’s revenue was down -.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.01 EPS.
Many Wall Street Analysts have commented on McDonald's Corporation. McDonald's Corporation was Resumed by Credit Agricole to “Underperform” on Apr 13, 2016. Company shares were Reiterated by Credit Suisse on Mar 29, 2016 to “Outperform”, Firm has raised the Price Target to $ 135 from a previous price target of $130 .McDonald's Corporation was Initiated by Longbow to “Neutral” on Mar 18, 2016.
McDonald's Corporation closed down -2.76 points or -2.15% at $125.79 with 79,47,587 shares getting traded on Wednesday. Post opening the session at $128.55, the shares hit an intraday low of $125.6 and an intraday high of $128.75 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, 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 SEC, on Feb 2, 2016, James R Sappington (Corp Exec VP – Ops & Tech Sys) sold 7,827 shares at $124.25 per share price. On Jan 28, 2016, Peter J Bensen (Chief Administrative Officer) sold 15,157 shares at $119.79 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.