NEW YORK (

TheStreet

) --

McDonald's Corporation

(NYSE:

MCD

) hit a new 52-week high Thursday as it is currently trading at $100.84, above its previous 52-week high of $100.82 with 2.3 million shares traded as of 1:35 p.m. ET. Average volume has been 5.8 million shares over the past 30 days.

McDonald's has a market cap of $102.88 billion and is part of the

services

sector and

leisure

industry. Shares are up 29.7% year to date as of the close of trading on Wednesday.

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 19.7, equal to the average leisure industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates McDonald's as a

buy

. 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 the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full

McDonald's Ratings Report

.

See all

52-week high stocks

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.

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