The Burger giant, McDonald (MCD) posted earnings of $1.38 per share, up from $1.32 a share in the year-earlier period. Revenue increased to $7.08 billion from $6.92 billion a year ago.
Domestic and total global sales rose by a percent, yet those gains were offset by relatively flat performance in Europe and Asia, Middle East and Africa.
The company is expected to report around $5.6 of EPS in 2013 and at $98 (Price as on 22nd July 2013) the stock is trading at a forward PE multiple of 17.5 times.
With Market value to sales ratio at more than 3.5 times and Price to Earnings growth ratio (PEG) at 1.8 times, the stock seems expensive at $98, however an attractive dividend yield of more than 3% should provide support to the stock below $90. McDonald has increased dividend at 15% CAGR in last 5 years.
52 week High / Low for the stock is 103.7 & 83.3 respectively.
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