What’s Next for McDonald’s Corporation After Today’s Bullish Options Activity?

 What's Next for McDonald's Corporation After Today's Bullish Options Activity?

In today’s session McDonald’s Corporation (MCD) registered an unusually high (658) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the June, 2017 call, expecting serious MCD increase. With 658 contracts traded and 9934 open interest for the Jun, 17 contract, it seems this is a quite bullish bet. The option with symbol: MCD170616C00120000 closed last at: $2.87 or 10.4% up. About 462,124 shares traded hands. McDonald’s Corporation (NYSE:MCD) has declined 10.23% since April 11, 2016 and is downtrending. It has underperformed by 16.38% the S&P500.

McDonald’s Corporation (NYSE:MCD) Ratings Coverage

Out of 23 analysts covering McDonald’s Corporation (NYSE:MCD), 13 rate it a “Buy”, 1 “Sell”, while 9 “Hold”. This means 57% are positive. $142 is the highest target while $35 is the lowest. The $122.68 average target is 7.20% above today’s ($114.44) stock price. McDonald’s Corporation has been the topic of 53 analyst reports since September 29, 2015 according to StockzIntelligence Inc. The firm earned “Market Perform” rating on Monday, April 25 by Cowen & Co. The stock has “Buy” rating given by Deutsche Bank on Monday, April 25. The stock has “Buy” rating given by Suntrust Robinson on Thursday, October 8. The rating was upgraded by BTIG Research to “Buy” on Tuesday, January 19. As per Monday, January 4, the company rating was upgraded by Nomura. Evercore initiated the shares of MCD in a report on Tuesday, April 5 with “Hold” rating. BTIG Research maintained it with “Buy” rating and $137 target price in Monday, April 25 report. The rating was maintained by Cowen & Co on Tuesday, January 26 with “Market Perform”. Credit Suisse maintained the stock with “Outperform” rating in Tuesday, January 26 report. The stock of McDonald’s Corporation (NYSE:MCD) has “Neutral” rating given on Friday, March 18 by Longbow.

According to Zacks Investment Research, “McDonald’s Corporation develops, operates, franchises and services a worldwide system of restaurants that prepare, assemble, package and sell a limited menu of value-priced foods. The company operates primarily in the quick-service hamburger restaurant business. All restaurants are operated by the company or, under the terms of franchise arrangements, by franchisees who are independent third parties, or by affiliates operating under joint-venture agreements between the company and local business people.”

Insitutional Activity: The institutional sentiment decreased to 0.72 in Q2 2016. Its down 0.04, from 0.76 in 2016Q1. The ratio dropped, as 105 funds sold all McDonald’s Corporation shares owned while 619 reduced positions. 92 funds bought stakes while 432 increased positions. They now own 575.61 million shares or 9.50% less from 636.04 million shares in 2016Q1.
Frontier Inv Management has invested 1.81% of its portfolio in McDonald’s Corporation (NYSE:MCD). Wade G W Incorporated accumulated 0.94% or 45,410 shares. Moreover, Hsbc Pcl has 0.38% invested in McDonald’s Corporation (NYSE:MCD) for 1.16M shares. Tirschwell Loewy holds 0.23% of its portfolio in McDonald’s Corporation (NYSE:MCD) for 10,850 shares. Mackenzie Fincl last reported 355,181 shares in the company. Signature Est Ltd Liability Co has 0.03% invested in the company for 1,662 shares. Pennsylvania Tru Company accumulated 1.06% or 108,250 shares. Weybosset Research & Management Limited Liability holds 4,746 shares or 0.43% of its portfolio. Kelly Lawrence W Ca has invested 0.3% of its portfolio in McDonald’s Corporation (NYSE:MCD). Rothschild Invest Corporation Il accumulated 38,023 shares or 0.58% of the stock. Pekin Singer Strauss Asset Mgmt Il has 0.16% invested in the company for 6,105 shares. Curbstone Finance Corp, a New Hampshire-based fund reported 8,070 shares. Clarivest Asset Ltd Co has 1,456 shares for 0.01% of their US portfolio. Affinity Inv Advsrs Limited Liability Corporation holds 0.59% or 66,891 shares in its portfolio. Cornerstone Inc holds 3,702 shares or 0.45% of its portfolio.

Insider Transactions: Since August 4, 2016, the stock had 0 insider buys, and 2 sales for $11.68 million net activity. $8.28 million worth of McDonald’s Corporation (NYSE:MCD) shares were sold by MCKENNA ANDREW J.

McDonald’s Corporation operates and franchises McDonald’s restaurants. The company has a market cap of $94.65 billion. The Company’s restaurants serve a locally-relevant menu of quality food and drinks sold at various price points in over 100 countries. It has a 21.38 P/E ratio. The Company’s divisions include U.S., International Lead Markets, High Growth Markets and Foundational Markets and Corporate.

MCD Company Profile

McDonald’s Corporation (McDonald’s), incorporated on December 21, 1964, operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally-relevant menu of quality food and drinks sold at various price points in over 100 countries. The Company’s divisions include U.S., International Lead Markets, High Growth Markets and Foundational Markets and Corporate. Of the approximately 36,525 restaurants in over 120 countries approximately 30,080 are franchised and over 6,444 are operated by the Company. McDonald’s franchised restaurants are owned and operated under various structures, including conventional franchise, developmental license or affiliate. The Firm is primarily a franchisor, with over 80% of McDonald’s restaurants owned and operated by independent franchisees. Under a conventional franchise arrangement, the Company owns the land and building or secures a long-term lease for the restaurant location and the franchisee pays for equipment, signs, seating and decor. The Firm uses the developmental license ownership structure in over 70 countries with a total of approximately 5,500 restaurants.

More important recent McDonald’s Corporation (NYSE:MCD) news were published by: Finance.Yahoo.com which released: “McDonald’s Corporation (MCD) Gives the Big Mac an Upgrade” on November 04, 2016, also Investorplace.com published article titled: “MCD News: McDonald’s Corporation Pulls Plug on ‘Custom Burger’ Test”, Investorplace.com published: “McDonald’s Corporation Shakes Up C-Suite to Revive Sales (MCD)” on October 17, 2016. More interesting news about McDonald’s Corporation (NYSE:MCD) was released by: Seekingalpha.com and their article: “Dividend Aristocrats In Focus Part 19: McDonald’s Corporation” with publication date: October 29, 2016.

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