McDonald’s Corporation (NYSE:MCD) plunged this month amid a weak demand following Hurricanes in the US. But analysts think that the stock is in a strong position on a long term basis. Mizuho analyst Jeremy Scott earlier this month increased his price target for McDonald’s to $173 from $170. The analyst is bullish on the fast food company amid growth in China and the company’s partnership with Coke.
McDonald’s management recently refranchised thousands of its outlets in China. The company is also ramping up its digital efforts to increase online presence. McDonald’s will soon start installing digital menus and self-service kiosks at several of its shops.
For this year McDonald's 's revenue will be around 22,52 billion USD. This is according to the average of the analysts' estimates. This is slightly lower than 2016's revenue of 24,62 billion USD.
The analysts expect for 2017 a net profit of 5,34 billion USD. Most of the analyst anticipate on a profit per share of 6,55 USD. With this the price/earnings-ratio is 23,41.
Per share the analysts expect a dividend of 3,81 USD per share. The dividend yield is then 2,48 percent. The average dividend yield of the restaurants & bars companies equals a limited 0,27 percent.
ValueSpectrum.com News Wire & Equity Research: +31 084-0032-842
Copyright analist.nl B.V.
All rights reserved. Any redistribution, duplication or archiving prohibited. analist.nl doesn't warrant the accuracy of any News Content provided and shall not be liable for any errors, inaccuracies or for any actions taken in reliance thereon.