McDonald’s Corp. Target of Unusually High Options Trading (MCD)
Shares of McDonald’s Corp. (NYSE:MCD) was the recipient of some unusual options trading on Friday. Traders purchased 10,876 put options on the company, AnalystRatings.Net reports. This is an increase of approximately 158% compared to the average daily volume of 4,215 put options.
Several analysts have recently commented on the stock. Analysts at TheStreet reiterated a “positive” rating on shares of McDonald’s Corp. (NYSE:MCD) in a research note to investors on Thursday, September 26th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of McDonald’s Corp. (NYSE:MCD) in a research note to investors on Wednesday, September 4th. They now have a $99.00 price target on the stock. Twelve analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $103.30.
Shares of McDonald’s Corp. (NYSE:MCD) traded up 0.03% on Friday, hitting $94.70. The stock had a trading volume of 3,051,114 shares. McDonald’s Corp. has a 1-year low of $83.31 and a 1-year high of $103.70. The stock’s 50-day moving average is $96.23 and its 200-day moving average is $98.77. The company has a market cap of $94.666 billion and a P/E ratio of 17.33.
McDonald’s Corp. (NYSE:MCD) last released its earnings data on Monday, July 22nd. The company reported $1.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by $0.02. The company had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $7.10 billion. During the same quarter in the previous year, the company posted $1.32 earnings per share. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, analysts predict that McDonald’s Corp. will post $5.61 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a dividend yield of 3.42%. The ex-dividend date is Wednesday, November 27th. This is a positive change from McDonald’s Corp.’s previous quarterly dividend of $0.77.
McDonald’s Corporation franchises and operates McDonald’s restaurants in the global restaurant industry.
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