McDonalds Corporation (NYSE:MCD) has tumbled 0.07% during the past week and has dropped 0.24% in the last 4 week period. The company has outperformed the S&P 500 by 1.13% in the past week but underperformed the index by 1.15% in the last 4 weeks.
McDonalds Corporation (NYSE:MCD): The stock opened at $122.23 on Friday but the bulls could not build on the opening and the stock topped out at $122.71 for the day. The stock traded down to $121.42 during the day, due to lack of any buying support eventually closed down at $122.27 with a loss of -0.16% for the day. The stock had closed at $122.47 on the previous day. The total traded volume was 8,331,396 shares.
The company shares have rallied 26.22% from its 1 Year high price. On May 10, 2016, the shares registered one year high at $131.96 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $125.18 and the 200 Day Moving Average price is recorded at $121.72.
On the companys insider trading activities, Mullens Brian, officer (Corp Sr Vice Pres – Controller) of Mcdonalds Corp, unloaded 845 shares at an average price of $128.93 on May 3, 2016. The total amount of the transaction was worth $108,946, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Brokerage firm Bernstein assumes its rating on McDonalds Corporation (NYSE:MCD). In a research note issued to the investors, the brokerage major announces price-target of $129 per share.The shares have been rated Market Perform. The rating by the firm was issued on May 26, 2016. Currently the company Insiders own 0.28% of McDonalds Corporation shares according to the proxy statements. Institutional Investors own 73% of McDonalds Corporation shares.
McDonalds Corporation operates and franchises McDonalds restaurants. McDonalds global system comprises both Company-owned and franchised restaurants. The Company manages its business as distinct geographic segments: the United States (U.S.); Europe, and Asia/Pacific, Middle East and Africa (APMEA). The Companys operations in Canada and Latin America, as well as its Corporate activities are reported under Other Countries & Corporate. The Companys restaurants offer a substantially uniform menu, including hamburgers and cheeseburgers, Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, several chicken sandwiches, Chicken McNuggets, wraps, French fries, salads, oatmeal, shakes, McFlurry desserts, sundaes, soft serve cones, pies, soft drinks, coffee, McCafe beverages and other beverages. McDonalds franchised restaurants are owned and operated under one of the following structures: conventional franchise, developmental license or affiliate.