McDonalds Corporation (MCD) : Currently there are 16 street experts covering McDonalds Corporation (MCD) stock. The most bullish and bearish price target for the stock is $143 and $95 respectively for the short term. The average price target of all the analysts comes to $129.44. The estimated standard deviation from the target is $13.48.
McDonalds Corporation (MCD), A reduction of 4,842,204 shares or 24.1% was observed in the short interest of Mcdonalds The interest on June 30,2016 came in at 15,268,139 shares and as per the average daily trading of 6,411,181 shares, the days to cover are 2. The reduced interest is 1.7% of the floated shares. The data of June 15,2016 put the interest at 20,110,343 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Major Brokerage house, Baird maintains its ratings on McDonalds Corporation (NYSE:MCD). In the latest research report, Baird lowers the target price from $130 per share to $126 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on June 29, 2016.
McDonalds Corporation (NYSE:MCD): stock turned positive on Thursday. Though the stock opened at $123.7, the bulls momentum made the stock top out at $124.21 level for the day. The stock recorded a low of $123.01 and closed the trading day at $123.93, in the green by 0.90%. The total traded volume for the day was 6,011,933. The stock had closed at $122.82 in the previous days trading.
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.