Shares of McDonald’s Corporation (NYSE: MCD) traded today at $247.38, eclipsing its 52-week high. Approximately 867,000 shares have changed hands today, as compared to an average 30-day volume of 2.3 million shares.
McDonald’s Corporation is currently priced 31.9% above its average consensus analyst price target of $167.22.
In the past 52 weeks, shares of McDonald’s Corporation have traded between a low of $202.73 and a high of $247.38 and are now at $245.48, which is 21% above that low price.
McDonald’s Corporation is the largest restaurant owner-operator in the world, with 2020 systemwide sales of $93 billion across 39,000 stores and 119 countries. McDonald’s revolutionized the restaurant industry with a cheap and fast core menu, building its impressive footprint through partnerships with independent restaurant franchisees. The firm earns 57% of its revenue from franchise royalty fees and lease payments, with the remainder coming from company-operated stores across its three core segments: the United States, internationally operated markets, and international developmental/licensed. McDonald’s owns 55% of the real estate and 80% of the buildings in its franchise system, offering it substantial leverage in maintaining quality standards and consistency across markets.
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