Traders Purchase Large Volume of McDonald's Co. Call Options (MCD)

McDonald's Co. (NYSE:MCD) was the recipient of some unusual options trading activity on Tuesday. Investors acquired 2,018 call options on the stock. This represents an increase of approximately 134% compared to the average volume of 863 call options.

Shares of McDonald's Co. (MCD) traded up 0.6486% during midday trading on Tuesday, reaching $154.1333. 1,810,501 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $148.19 and its 200-day moving average is $131.89. McDonald's Co. has a 12-month low of $110.33 and a 12-month high of $155.28. The stock has a market cap of $125.63 billion, a PE ratio of 27.2080 and a beta of 0.68.

McDonald's Co. (NYSE:MCD) last posted its quarterly earnings data on Tuesday, April 25th. The fast-food giant reported $1.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.14. The firm had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.53 billion. During the same quarter last year, the firm earned $1.23 EPS. The company’s revenue was down 3.9% on a year-over-year basis. On average, equities analysts expect that McDonald's Co. will post $6.39 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 19th. Shareholders of record on Monday, June 5th were given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date was Thursday, June 1st. McDonald's Co.’s dividend payout ratio (DPR) is 66.43%.

Several equities research analysts have recently commented on the stock. Canaccord Genuity reissued a “hold” rating and set a $125.00 target price on shares of McDonald's Co. in a research report on Friday, February 24th. BTIG Research boosted their target price on shares of McDonald's Co. from $137.00 to $156.00 and gave the stock a “buy” rating in a research report on Wednesday, April 26th. Wells Fargo & Co raised shares of McDonald's Co. from a “market perform” rating to an “outperform” rating and reduced their price objective for the stock from $131.70 to $130.76 in a research report on Monday, April 17th. They noted that the move was a valuation call. Deutsche Bank AG reaffirmed a “buy” rating and issued a $155.00 price objective on shares of McDonald's Co. in a research report on Wednesday, April 26th. Finally, Telsey Advisory Group upped their price objective on shares of McDonald's Co. from $150.00 to $165.00 and gave the stock an “outperform” rating in a research report on Thursday, June 1st. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $145.45.

In other news, VP James R. Sappington sold 13,912 shares of the business’s stock in a transaction dated Thursday, April 27th. The shares were sold at an average price of $141.39, for a total transaction of $1,967,017.68. Following the completion of the sale, the vice president now directly owns 14,608 shares of the company’s stock, valued at $2,065,425.12. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John J. Mulligan bought 1,600 shares of the firm’s stock in a transaction dated Wednesday, March 22nd. The shares were acquired at an average cost of $128.94 per share, with a total value of $206,304.00. Following the completion of the transaction, the director now owns 1,600 shares of the company’s stock, valued at $206,304. The disclosure for this purchase can be found here. 0.24% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Wrapmanager Inc. boosted its position in McDonald's Co. by 22.7% in the fourth quarter. Wrapmanager Inc. now owns 20,332 shares of the fast-food giant’s stock worth $2,475,000 after buying an additional 3,768 shares during the period. Massey Quick & Co. LLC purchased a new position in McDonald's Co. during the fourth quarter worth $119,000. Headinvest LLC purchased a new position in McDonald's Co. during the fourth quarter worth $336,000. Norway Savings Bank purchased a new position in McDonald's Co. during the fourth quarter worth $1,289,000. Finally, Mission Wealth Management LLC boosted its position in McDonald's Co. by 10.5% in the fourth quarter. Mission Wealth Management LLC now owns 6,295 shares of the fast-food giant’s stock worth $766,000 after buying an additional 596 shares during the period. Institutional investors and hedge funds own 67.57% of the company’s stock.

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About McDonald's Co.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “MCD”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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