Company Update: McDonalds Corporation (NYSE:MCD) – McDonald’s to add more than 1,500 outlets in China, HK, Korea

[Reuters] – McDonald’s Corp plans to add more than 1,500 restaurants in China, Hong Kong and South Korea over the next five years as it focuses on high-growth markets to boost sales. The company, known for its Big Mac burgers, said it was seeking franchise partners in those three markets, where it already has more than 2,800 restaurants, most of them company-owned. Read more on this. McDonald’s Corp. (MCD) , currently valued at $114.00B, opened at $126.15. During today’s session, MCD traded between $125.83 to $126.96 with the price of the stock fluctuating between $87.50 to $126.96 over the last 52 weeks. MCD shares are currently priced at 23.30x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 24.44x forward p/e ratio. The company pays shareholders $3.56 per share annually in dividends, yielding 2.89%. Consensus earnings for the current quarter by the 26 sell-side analysts covering the stock is an estimate of $1.16 per share, which would be $0.15 better than the year-ago quarter and a $0.02 sequential increase. The full-year EPS estimate is $5.40, which would be a $0.42 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $5.79 Billion. If reported, that would be a 2.85% decrease over the year-ago quarter. More recently, Longbow Initiated MCD at Neutral (Mar 18, 2016). Previously, Argus upgraded MCD from Hold to Buy. The average price target for MCD shares by the analysts covering the stock is $125.95, which is 0.16% below where the stock opened this morning. See more in (NYSE:MCD) Similar Articles: Company Update: McDonalds Corporation (NYSE:MCD) – McDonald’s Celebrates Friendship by Sending 100 Kids From Around the World to Be in the Rio 2016 Olympics Opening Ceremony Company Update (NYSE:MCD): Watch List for Restaurants Equities — McDonald’s, Yum! Brands, The Wendy’s, and Chipotle Mexican Grill Stock Update: McDonalds Corporation (NYSE:MCD) – McDonald’s makes happy meal out of jumbo bond