McDonald’s Corporation (NYSE:MCD) was the recipient of unusually large options trading activity on Friday. Stock investors acquired 16,798 put options on the stock. This is an increase of 316% compared to the average volume of 4,036 put options.

Shares of McDonald’s Corporation (NYSE:MCD) opened at 158.91 on Monday. McDonald’s Corporation has a one year low of $110.33 and a one year high of $161.72. The firm has a market capitalization of $128.72 billion, a price-to-earnings ratio of 26.01 and a beta of 0.70. The company’s 50 day moving average is $157.70 and its 200-day moving average is $147.07.

McDonald’s Corporation (NYSE:MCD) last released its 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 net margin of 21.00% and a negative return on equity of 264.89%. The company had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.96 billion. During the same quarter in the previous year, the company earned $1.45 EPS. McDonald’s Corporation’s quarterly revenue was down 3.4% compared to the same quarter last year. Equities analysts expect that McDonald’s Corporation will post $6.55 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a dividend of $1.01 per share. This is an increase from McDonald’s Corporation’s previous quarterly dividend of $0.94. The ex-dividend date is Thursday, November 30th. This represents a $4.04 annualized dividend and a yield of 2.54%. McDonald’s Corporation’s dividend payout ratio is presently 61.54%.

Several analysts have weighed in on the stock. Robert W. Baird reaffirmed a “buy” rating and set a $170.00 price objective on shares of McDonald’s Corporation in a research note on Friday, September 1st. Royal Bank Of Canada reaffirmed a “buy” rating and set a $175.00 price objective on shares of McDonald’s Corporation in a research note on Friday, September 8th. UBS AG set a $160.00 price objective on shares of McDonald’s Corporation and gave the stock a “neutral” rating in a research note on Wednesday, July 26th. Barclays PLC reaffirmed an “overweight” rating and set a $173.00 price objective (up from $164.00) on shares of McDonald’s Corporation in a research note on Wednesday, July 26th. Finally, J P Morgan Chase & Co set a $170.00 price objective on shares of McDonald’s Corporation and gave the stock a “buy” rating in a research note on Wednesday, July 26th. Twelve research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $162.26.

In other McDonald’s Corporation news, CFO Kevin M. Ozan sold 25,322 shares of the company’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $158.50, for a total transaction of $4,013,537.00. Following the sale, the chief financial officer now directly owns 24,039 shares of the company’s stock, valued at $3,810,181.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP David Ogden Fairhurst sold 4,782 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $157.05, for a total transaction of $751,013.10. Following the sale, the executive vice president now directly owns 6,954 shares in the company, valued at $1,092,125.70. 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 ninety days. Insiders own 0.24% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. MPS Loria Financial Planners LLC acquired a new position in McDonald’s Corporation during the second quarter worth $400,000. Burgundy Asset Management Ltd. raised its holdings in McDonald’s Corporation by 1.4% during the second quarter. Burgundy Asset Management Ltd. now owns 1,407,837 shares of the fast-food giant’s stock worth $215,624,000 after buying an additional 20,067 shares during the last quarter. W. E. Donoghue & Co. LLC acquired a new position in McDonald’s Corporation during the second quarter worth $2,242,000. Intl Fcstone Inc. raised its holdings in McDonald’s Corporation by 61.2% during the second quarter. Intl Fcstone Inc. now owns 16,316 shares of the fast-food giant’s stock worth $2,499,000 after buying an additional 6,194 shares during the last quarter. Finally, Griffin Asset Management Inc. acquired a new position in McDonald’s Corporation during the second quarter worth $4,463,000. Hedge funds and other institutional investors own 67.92% of the company’s stock.

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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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