Stock Traders Purchase Large Volume of McDonald's Co. Call Options (MCD)
Shares of McDonald's Co. (NYSE:MCD) were the target of some unusual options trading on Monday. Traders bought 20,573 call options on the company, American Banking & Market News reports. This represents an increase of 204% compared to the typical volume of 6,767 call options.
MCD has been the subject of a number of recent research reports. Analysts at Bank of America reiterated a “buy” rating on shares of McDonald's Co. in a research note on Monday. They now have a $110.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of McDonald's Co. in a research note on Friday. They now have a $99.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of McDonald's Co. in a research note on Tuesday, August 19th. They now have a $101.00 price target on the stock, down previously from $103.00. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $95.73.
McDonald's Co. (NYSE:MCD) traded down 0.01% on Monday, hitting $94.44. The stock had a trading volume of 4,585,964 shares. McDonald's Co. has a 1-year low of $92.22 and a 1-year high of $103.78. The stock’s 50-day moving average is $96.13 and its 200-day moving average is $98.35. The company has a market cap of $92.733 billion and a price-to-earnings ratio of 17.10.
McDonald's Co. (NYSE:MCD) last announced its earnings results on Tuesday, July 22nd. The company reported $1.40 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.44 by $0.04. The company had revenue of $7.18 billion for the quarter, compared to the consensus estimate of $7.28 billion. During the same quarter last year, the company posted $1.38 earnings per share. McDonald's Co.’s revenue was up 1.4% compared to the same quarter last year. Analysts expect that McDonald's Co. will post $5.57 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a dividend yield of 3.43%. The ex-dividend date is Thursday, August 28th.
McDonald’s Corporation franchises and operates McDonald’s restaurants in the global restaurant industry.
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