A statement released earlier today by Vetr Inc. about McDonald's Corporation (NYSE:MCD) bumps the target price to $121.01
- Updated: September 28, 2016
Boasting a price of $116.88, McDonald's Corporation (NYSE:MCD) traded -1.45% lower on the day. With the last stock price close down -5.71% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. McDonald's Corporation has recorded a 50-day average of $116.29 and a two hundred day average of $122.16. Volume of trade was up over the average, with 5,638,874 shares of MCD changing hands over the typical 4,729,640
Vetr Inc. bumped up the target of McDonald's Corporation (NYSE:MCD) to $121.01 stating a potential upside of 0.04%.
On Tuesday September 27, 2016, Zacks Investment Research released a statement for McDonald's Corporation (NYSE:MCD) bumped up the target price from $0.00 to $131.00 that suggested an upside of 0.12%.
With a total market value of $0, McDonald's Corporation has price-earnings ratio of 21.99 with a one year low of $97.13 and a one year high of $131.96 .
A total of 22 equity analysts have released a research note on MCD. Six equity analysts rating the company a strong buy, nine equity analysts rating the company a buy, seventeen equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $130.77.
More About McDonald's Corporation (NYSE:MCD)
McDonald's Corporation (McDonald's) 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 segments 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 Company 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.
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