This Is What Whales Are Betting On McDonald's
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on McDonald's (NYSE:MCD) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 46% bullish and 53% bearish. The price target range for McDonald's over the last 3 months has been $220.0 to $290.0. The current price of MCD is $257.32, down 0.17%. Analysts from Tigress Financial, Truist Securities, Citigroup, TD Cowen, and Wells Fargo have maintained their ratings on McDonald's, with price targets ranging from $283 to $355.
October 03, 2023 | 3:31 pm
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A large investor has taken a bearish stance on McDonald's, which may impact the stock's price. Analysts have maintained their ratings, with price targets ranging from $283 to $355.
The bearish stance taken by a large investor, as indicated by unusual options activity, could potentially drive the stock price down. However, the maintained ratings and price targets by analysts suggest a positive outlook, which could counteract the bearish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100