Price Target Update on McDonalds Corporation (NYSE:MCD)

McDonalds Corporation (NYSE:MCD) : Average target price received by McDonalds Corporation (NYSE:MCD) is $130 with an expected standard deviation of $13.76. The most aggressive target on the stock is $145, whereas the most downbeat target is $95. 16 financial analysts are currently covering the stock.

Other Equity analysts have also commented 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.

McDonalds Corporation (NYSE:MCD): stock turned positive on Thursday. Though the stock opened at $121.48, the bulls momentum made the stock top out at $121.75 level for the day. The stock recorded a low of $120.64 and closed the trading day at $121.21, in the green by 0.49%. The total traded volume for the day was 3,832,757. The stock had closed at $120.62 in the previous days trading.

The company shares have rallied 25.92% 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 $124.72 and the 200 Day Moving Average price is recorded at $121.95. 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.

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.

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