Shares of McDonald’s Corporation (NYSE:MCD) traded at a new 52-week high today of $238.15. Approximately 515,000 shares have changed hands today, as compared to an average 30-day volume of 2.8 million shares.
McDonald’s Corporation is the largest restaurant owner-operator in the world, with 2020 systemwide sales of $93 billion across 39,000 stores and 119 countries. McDonald’s revolutionized the restaurant industry with a cheap and fast core menu, building its impressive footprint through partnerships with independent restaurant franchisees. The firm earns 57% of its revenue from franchise royalty fees and lease payments, with the remainder coming from company-operated stores across its three core segments: the United States, internationally operated markets, and international developmental/licensed. McDonald’s owns 55% of the real estate and 80% of the buildings in its franchise system, offering it substantial leverage in maintaining quality standards and consistency across markets.
McDonald’s Corporation (NYSE:MCD) is currently priced 1.3% above its average consensus analyst price target of $234.73.
In the past 52 weeks, shares of McDonald’s Corporation have traded between a low of $167.85 and a high of $238.15 and is now at $237.92, which is 42% above that low price.
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