Traders Buy High Volume of McDonald’s Corp. Put Options (MCD)
McDonald’s Corp. (NYSE:MCD) was the recipient of unusually large options trading on Wednesday. Investors purchased 9,041 put options on the stock, Analyst Ratings.Net reports. This represents an increase of 133% compared to the typical volume of 3,877 put options.
MCD has been the subject of a number of recent research reports. Analysts at UBS AG initiated coverage on shares of McDonald’s Corp. in a research note to investors on Wednesday. They set a “buy” rating on the stock. Separately, analysts at Wells Fargo & Co. downgraded shares of McDonald’s Corp. from an “outperform” rating to a “market perform” rating in a research note to investors on Wednesday. Finally, analysts at Credit Suisse initiated coverage on shares of McDonald’s Corp. in a research note to investors on Tuesday. They set a “neutral” rating on the stock. Sixteen research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. McDonald’s Corp. presently has a consensus rating of “Hold” and an average target price of $102.33.
Shares of McDonald’s Corp. (NYSE:MCD) traded down 1.01% on Wednesday, hitting $95.41. The stock had a trading volume of 7,670,246 shares. McDonald’s Corp. has a 52-week low of $90.36 and a 52-week high of $103.70. The stock has a 50-day moving average of $96.42 and a 200-day moving average of $96.89. The company has a market cap of $94.936 billion and a P/E ratio of 17.40.
McDonald’s Corp. (NYSE:MCD) last released its earnings data on Monday, October 21st. The company reported $1.52 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.51 by $0.01. The company had revenue of $7.32 billion for the quarter, compared to the consensus estimate of $7.34 billion. During the same quarter last year, the company posted $1.43 earnings per share. McDonald’s Corp.’s revenue was up 2.4% compared to the same quarter last year. On average, analysts predict that McDonald’s Corp. will post $5.55 earnings per share for the current fiscal year.
McDonald’s Corporation franchises and operates McDonald’s restaurants in the global restaurant industry.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.