Just 5 days ago, I sold 1/2 my MCD holdings at $102 per share (long term capital gain of 32.35%).
A lot has happened since then and in my book its all good.
McDonald’s 4Q Net Rises 11%; Sees January Sales Up 5.5%-6.5%
On January 24th MCD announced 4Q results and they beat on the top line and bottom. McDonald’s reported a profit of $1.38 billion, or $1.33 a share, up from $1.24 billion, or $1.16, a year earlier. Revenue jumped 9.8% to $6.82 billion. Excluding currency fluctuations, revenue was up 10%. Analysts polled by Thomson Reuters had most recently forecast earnings of $1.30 a share on revenue of $6.81 billion.
Operating margin rose to 31.1% from 29.9%.
Global same-store sales increased 7.5% and were up 7.1% in the U.S., 7.3% in Europe and 6.9% in Asia-Pacific, Middle East and Africa.
The company also said it expects global January sales to remain strong at 5.5% to 6.5% growth.
Credit Suisse yesterday revised its target price to $111.
Buying back at $98 and booking long term profits… timing could not have been luckier.