The world's largest fast food chain corporation has posted positive results for fiscal year 2015's third quarter.
Over 15 brokerage and research firms have shared their views on the stock of McDonald’s Corporation. According to their calculations, the rating issued by the analysts of these brokerage firms is 2.18 which is based on a scale of 1 to 5, where 1 indicates a Strong Buy and 5 indicates a Strong Sell.
A consensus price target of $118.2 has been recommended by the analysts at Wall Street. On the high end the stock could go up to $130 per share and on the low end at $100 per share. On the other hand the stock of the largest fast food chains has dropped by 0.1% in the weeks’ time. But on a larger note, the stock has gained 5.56% in a months’ time. From its 52-week high the fast food chain’s stock has rallied by 28.65%.
The 52-week high was registered by the company on December 9, 2015 with a share price of $117.51 per share and a 52-week low of $87.5 which was reported on August 24, 2015. In the last time months, there was an increase of 20.65% in McDonald’s Stock. The year to date performance of the stock of the fast food hamburger chains is at 28.15%.
In the previous trade, the stock of the fast food chain was trading at $116.08 with a highest level to which the stock price was witnessed at $116.61 and lower end of $115.62. By the end of the trade the shares that were being traded in the session were 5,736,380 shares. The market cap of McDonald’s corp. is 106.75 billion with as many as 918,229,820 outstanding shares in the company. The fast food company reported earnings per share of $4.63 with price to earnings ratio of $25.28.
On the other hand, there was been Insider Buying and Selling activities in the company according to the Securities and Exchange Commission. This information was provided to the SEC by the fast food corporation itself. As per the data provided to the SEC the executive vice president of the fast food chain unloaded as many as 15000 shares. These shares were unloaded at a share price of $112.14 and were conducted on November 13, 2015. The total transaction was worth $1,682,100 according to the information that was disclosed on a form 4 filing by the fast food chain corporation.
The world’s largest fast food chain corporation currently serves over 68 million customers on a daily basis in over 119 countries with having over 36000 outlets worldwide. Positive sales revenues were reported by the fast food company in the third quarter of Fiscal Year 2015.
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