McDonald’s Q4: Growth Set To Normalize

Brandon Bell/Getty Images News Back in July, I placed a “Hold” rating on McDonald’s Corporation (NYSE:MCD) stock, noting that despite recent solid growth, that its valuation looked high. Since then, the stock is down about -4% versus a 12% increase in the S&P 500 (SP500). With McDonald’s recently reporting fourth quarter earnings, let’s catch up with the name. Q4 Earnings For the quarter, MCD grew its revenue 8%, or 6% in constant currencies, to $6.1 billion. That came in just below analyst expectations for sales of $6.37 billion. Sales at company-owned restaurants climbed 12% to $2.74 billion, while revenue from…