McDonald’s Corporation (NYSE:MCD) traded today at a new 52-week high of $246.57. This new high was reached on below average trading volume as 997,000 shares traded hands, while the average 30-day volume is approximately 2.4 million shares.
In the past 52 weeks, McDonald’s Corporation share prices are bracketed by a low of $191.64 and a high of $246.57 and is now at $244.93, 28% above that low price.
McDonald’s Corporation (NYSE:MCD) defies analysts with a current price ($244.93) 8.8% above its average consensus price target of $223.37.
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.
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