McDonald's Co. Short Interest Up 20.7% in April (MCD)

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McDonald's Co. (NYSE:MCD) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 14,010,190 shares, an increase of 20.7% from the March 31st total of 11,608,850 shares, Analyst Ratings Network reports. Currently, 1.4% of the shares of the company are sold short. Based on an average trading volume of 5,355,493 shares, the days-to-cover ratio is presently 2.6 days.

In other McDonald's Co. news, VP Gloria Santona sold 19,154 shares of the company’s stock on the open market in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $100.43, for a total transaction of $1,923,636.22. Following the completion of the transaction, the vice president now directly owns 60,719 shares of the company’s stock, valued at approximately $6,098,009. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

A number of analysts have recently weighed in on MCD shares. Analysts at Erste Group upgraded shares of McDonald's Co. to a “buy” rating in a research note on Monday. Separately, analysts at Citigroup Inc. reiterated a “hold” rating on shares of McDonald's Co. in a research note on Monday, April 28th. They now have a $106.00 price target on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of McDonald's Co. from $105.00 to $110.00 in a research note on Wednesday, April 23rd. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $104.57.

McDonald's Co. (NYSE:MCD) opened at 101.96 on Thursday. McDonald's Co. has a 52-week low of $92.22 and a 52-week high of $102.62. The stock has a 50-day moving average of $98.88 and a 200-day moving average of $96.71. The company has a market cap of $100.9 billion and a P/E ratio of 18.35.

McDonald's Co. (NYSE:MCD) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.24 by $0.03. The company had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $6.73 billion. During the same quarter in the previous year, the company posted $1.26 earnings per share. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. Analysts expect that McDonald's Co. will post $5.76 EPS for the current fiscal year.

McDonald’s Corporation franchises and operates McDonald’s restaurants in the global restaurant industry.

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