McDonald's Co. Sees Unusually Large Options Volume (MCD)
Shares of McDonald's Co. (NYSE:MCD) saw some unusual options trading activity on Wednesday. Investors bought 9,517 put options on the stock, Stock Ratings Network reports. This represents an increase of approximately 112% compared to the average volume of 4,481 put options.
Several analysts have recently commented on the stock. Analysts at Wells Fargo & Co. reiterated a “market perform” rating on shares of McDonald's Co. in a research note on Monday. Separately, analysts at Morgan Stanley raised their price target on shares of McDonald's Co. from $113.00 to $114.00 in a research note on Wednesday, June 4th. Finally, analysts at Credit Suisse raised their price target on shares of McDonald's Co. from $96.00 to $103.00 in a research note on Monday, June 2nd. They now have a “neutral” rating on the stock. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $105.70.
McDonald's Co. (NYSE:MCD) traded down 0.46% during mid-day trading on Wednesday, hitting $100.42. 6,274,992 shares of the company’s stock traded hands. McDonald's Co. has a one year low of $92.22 and a one year high of $103.78. The stock has a 50-day moving average of $101.6 and a 200-day moving average of $97.63. The company has a market cap of $99.257 billion and a price-to-earnings ratio of 18.34.
McDonald's Co. (NYSE:MCD) last released its earnings data on Tuesday, April 22nd. The company reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.24 by $0.03. The company had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $6.73 billion. During the same quarter in the previous year, the company posted $1.26 earnings per share. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. Analysts expect that McDonald's Co. will post $5.75 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date is Thursday, May 29th.
McDonald’s Corporation franchises and operates McDonald’s restaurants in the global restaurant industry.
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