McDonald's Reaches New 52-Week High (MCD)
NEW YORK (
) --
(NYSE:
) hit a new 52-week high Wednesday as it is currently trading at $95.49, above its previous 52-week high of $95.45 with 2.6 million shares traded as of 11:40 a.m. ET. Average volume has been 6.6 million shares over the past 30 days.
McDonald's has a market cap of $94.24 billion and is part of the
sector and
industry. Shares are up 21.8% year to date as of the close of trading on Tuesday.
McDonald's Corporation, together with its subsidiaries, operates as a foodservice retailer worldwide. It franchises and operates McDonald's restaurants that offer various food items, soft drinks, coffee, desserts, snacks, and other beverages, as well as full or limited breakfast menu. The company has a P/E ratio of 18.4, above the average leisure industry P/E ratio of 18 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates McDonald's as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, notable return on equity and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full
.
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