McDonald’s Corporation (NYSE:MCD) traded at a new 52-week high today of $239.05. This new high was reached on below average trading volume as 526,000 shares traded hands, while the average 30-day volume is approximately 2.3 million shares.
McDonald’s Corporation (NYSE:MCD) is currently priced 11.0% above its average consensus analyst price target of $211.38.
Over the past year, McDonald’s Corporation has traded in a range of $184.71 to $239.05 and is now at $237.49, 29% above that low.
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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