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McDonald’s beats Q2 earnings estimates, raises dividend, stock up on strong results.
McDonald’s reported stronger-than-expected Q2 earnings on August 6, with $3.19 EPS and $6.84 billion in revenue, up 5.4% year-over-year.
The company raised its quarterly dividend to $1.86, yielding 2.4%, and announced a $324.50 average price target.
Institutional investors increased holdings, including Goldman Sachs, while insiders sold 5,463 shares worth $1.69 million.
The stock trades at $306.05 with a market cap of $218.39 billion and a P/E ratio of 26.23.
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McDonald's supera las estimaciones de ganancias del segundo trimestre, aumenta el dividendo, acumula buenos resultados.