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McDonald's(MCD) franchises and operates McDonald's restaurants in the global restaurant industry. This stock is trading up 1.3% at a new high of $99.94 in recent trading.
Today's Range: $98.76-$99.94
52-week Range: $72.14-$99.94
Volume: 2 million
Three-Month Average Volume: 6 million
McDonald's has a market cap of $102.07 billion and an enterprise value of $111.03 billion. The stock trades at a trailing price-to-earnings of 19.57 and a forward price-to-earnings of 17.41. Its estimated growth rate for this year is 13.4%, and for next year it's pegged at 9.6%. The current short interest as a percentage of the float for MacDonald's is extremely low at 1.1%.
From a technical standpoint, MCD recently triggered a breakout trade when the stock moved above some near-term overhead resistance at $98 to $99. Market players should continue to look for long biased trades in MCD as long as the stock continues to trend above those levels.
A reasonable price target would be $120, since most stocks that take out $100 tend to trend towards $120.
McDonald's shows up on recent lists of
Goldman Sachs' Consumer Stock Best Buys for 2012 and the
10 Best Dow Dividend Stocks for 2012.