McDonald's Stock Hits New 52-Week High (MCD)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- McDonald's Corporation (NYSE: MCD) hit a new 52-week high Thursday as it is currently trading at $99.73, above its previous 52-week high of $99.70 with 2.4 million shares traded as of 3:26 p.m. ET. Average volume has been 5.1 million shares over the past 30 days.

McDonald's has a market cap of $98.77 billion and is part of the services sector and leisure industry. Shares are up 12.1% year to date as of the close of trading on Wednesday.

McDonald's Corporation franchises and operates McDonald's restaurants in the United States, Europe, the Asia/Pacific, the Middle East, Africa, Canada, and Latin America. Its restaurants offer various food items, soft drinks, coffee, and other beverages, as well as breakfast menus. The company has a P/E ratio of 18.4, above the S&P 500 P/E ratio of 17.7.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

TheStreet Ratings rates McDonald's as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, good cash flow from operations, growth in earnings per share and expanding profit margins. 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 or get investment ideas from our investment research center.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.
null

If you liked this article you might like

How to Travel in Style Exactly Like Billionaire Warren Buffett

Panera Bread Dares CEOs of McDonald's, Wendy's and Others to Eat Off Kids Menu

How Healthy Is That Happy Meal? Inside the Kids' Menus at McDonald's and More

Stocks Dad Would Have Loved, And Why He Was Right

5 Things on the Menu at Jollibee, the McDonald's of the Philippines