Traders Purchase High Volume of Call Options on McDonald's Co. (MCD)
McDonald's Co. (NYSE:MCD) saw unusually large options trading activity on Wednesday. Stock investors purchased 19,652 call options on the company, American Banking and Market News reports. This represents an increase of approximately 115% compared to the average daily volume of 9,147 call options.
In other McDonald's Co. news, VP Kenneth M. Koziol sold 14,812 shares of the company’s stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $100.43, for a total transaction of $1,487,569.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on MCD shares. Analysts at Wells Fargo & Co. reiterated a “market perform” rating on shares of McDonald's Co. in a research note on Monday, June 9th. 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 research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the stock. McDonald's Co. currently has a consensus rating of “Hold” and an average target price of $105.70.
McDonald's Co. (NYSE:MCD) traded up 0.14% on Wednesday, hitting $101.61. The stock had a trading volume of 3,661,919 shares. McDonald's Co. has a 52 week low of $92.22 and a 52 week high of $103.78. The stock’s 50-day moving average is $101.8 and its 200-day moving average is $97.93. The company has a market cap of $100.4 billion and a P/E ratio of 18.44.
McDonald's Co. (NYSE:MCD) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $1.21 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $1.26 earnings per share. The company’s quarterly revenue was up 1.4% on a year-over-year basis. Analysts expect that McDonald's Co. will post $5.76 EPS for the current fiscal year.
McDonald’s Corporation franchises and operates McDonald’s restaurants in the global restaurant industry.
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