Investors Buy High Volume of Call Options on McDonald’s Corporation (MCD)
McDonald’s Corporation (NYSE:MCD) saw some unusual options trading activity on Tuesday. Stock traders acquired 24,117 call options on the company. This is an increase of 418% compared to the typical daily volume of 4,654 call options.
Several research firms have recently issued reports on MCD. Royal Bank Of Canada set a $170.00 price target on shares of McDonald’s Corporation and gave the company a “buy” rating in a research report on Thursday, June 22nd. Zacks Investment Research raised shares of McDonald’s Corporation from a “hold” rating to a “buy” rating and set a $172.00 price target for the company in a research note on Tuesday, June 27th. Deutsche Bank AG boosted their price target on shares of McDonald’s Corporation from $155.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, July 10th. Barclays PLC set a $164.00 price target on shares of McDonald’s Corporation and gave the stock a “buy” rating in a research note on Wednesday, July 19th. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $165.00 price target (up previously from $157.00) on shares of McDonald’s Corporation in a research note on Thursday, June 8th. Twelve investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $162.16.
McDonald’s Corporation (NYSE MCD) opened at 159.97 on Friday. McDonald’s Corporation has a one year low of $110.33 and a one year high of $160.00. The company’s 50-day moving average price is $156.58 and its 200-day moving average price is $144.15. The stock has a market capitalization of $129.58 billion, a PE ratio of 26.19 and a beta of 0.70.
McDonald’s Corporation (NYSE:MCD) last posted its quarterly earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.62 by $0.08. McDonald’s Corporation had a negative return on equity of 264.89% and a net margin of 21.00%. The firm had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.96 billion. During the same quarter in the previous year, the business earned $1.45 earnings per share. The firm’s quarterly revenue was down 3.4% compared to the same quarter last year. Equities research analysts predict that McDonald’s Corporation will post $6.55 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, September 1st will be given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date is Wednesday, August 30th. McDonald’s Corporation’s dividend payout ratio (DPR) is presently 61.54%.
In other McDonald’s Corporation news, EVP David Ogden Fairhurst sold 4,782 shares of McDonald’s Corporation stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $157.05, for a total value of $751,013.10. Following the sale, the executive vice president now owns 6,954 shares of the company’s stock, valued at $1,092,125.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Kevin M. Ozan sold 25,322 shares of McDonald’s Corporation stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $158.50, for a total transaction of $4,013,537.00. Following the completion of the sale, the chief financial officer now directly owns 24,039 shares in the company, valued at approximately $3,810,181.50. The disclosure for this sale can be found here. Insiders have sold 69,938 shares of company stock worth $11,033,009 over the last three months. 0.24% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the stock. Oakworth Capital Inc. increased its stake in McDonald’s Corporation by 7.7% in the first quarter. Oakworth Capital Inc. now owns 4,977 shares of the fast-food giant’s stock worth $645,000 after buying an additional 355 shares during the period. Sterling Investment Management Inc. increased its stake in McDonald’s Corporation by 4.9% in the first quarter. Sterling Investment Management Inc. now owns 11,486 shares of the fast-food giant’s stock worth $1,489,000 after buying an additional 536 shares during the period. Candriam Luxembourg S.C.A. increased its stake in McDonald’s Corporation by 18.9% in the first quarter. Candriam Luxembourg S.C.A. now owns 92,407 shares of the fast-food giant’s stock worth $11,977,000 after buying an additional 14,662 shares during the period. Bridges Investment Counsel Inc. increased its stake in McDonald’s Corporation by 69.6% in the second quarter. Bridges Investment Counsel Inc. now owns 41,842 shares of the fast-food giant’s stock worth $6,409,000 after buying an additional 17,173 shares during the period. Finally, Exane Derivatives purchased a new stake in McDonald’s Corporation during the second quarter worth about $1,019,000. 67.94% of the stock is owned by hedge funds and other institutional investors.
About McDonald’s Corporation
McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.
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