NEW YORK ( TheStreet) -- McDonald's Corporation (NYSE: MCD) hit a new 52-week high Wednesday as it is currently trading at $86.05, above its previous 52-week high of $85.99 with two million shares traded as of 11:16 a.m. ET. Average volume has been 5.5 million shares over the past 30 days. McDonald's has a market cap of $88.9 billion and is part of the services sector and leisure industry. Shares are up 11.6% year to date as of the close of trading on Tuesday. McDonald's Corporation, together with its subsidiaries, operates as a worldwide foodservice retailer. It franchises and operates McDonald's restaurants that offer various food items, soft drinks, coffee, and other beverages. The company has a P/E ratio of 18.1, 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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