McDonald’s Corp. Sees Unusually High Options Volume (MCD)
McDonald’s Corp. (NYSE:MCD) was the target of unusually large options trading on Tuesday. Traders bought 19,843 call options on the company, AnalystRatings.NET reports. This represents an increase of 269% compared to the typical volume of 5,374 call options.
A number of analysts have recently weighed in on MCD shares. Analysts at TheStreet reiterated a “buy” rating on shares of McDonald’s Corp. in a research note to investors on Tuesday. Separately, analysts at Erste Group downgraded shares of McDonald’s Corp. from a “buy” rating to a “hold” rating in a research note to investors on Tuesday. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $103.03.
Shares of McDonald’s Corp. (NYSE:MCD) traded up 0.16% on Tuesday, hitting $95.08. The stock had a trading volume of 6,462,727 shares. McDonald’s Corp. has a 52 week low of $91.81 and a 52 week high of $103.70. The stock’s 50-day moving average is $95.86 and its 200-day moving average is $96.73. The company has a market cap of $94.607 billion and a P/E ratio of 17.14.
McDonald’s Corporation franchises and operates McDonald’s restaurants in the global restaurant industry.
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