McDonalds Corporation (MCD) has been under a strong bear grip, hence the stock is down -3.14% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.4% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.9% in the last 1 week, and is up 1.1% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 2.08% and the 50-Day Moving Average is 0.38%.
McDonalds Corporation (NYSE:MCD): The stock opened at $124.42 on Friday but the bulls could not build on the opening and the stock topped out at $124.44 for the day. The stock traded down to $123.39 during the day, due to lack of any buying support eventually closed down at $123.61 with a loss of -0.26% for the day. The stock had closed at $123.93 on the previous day. The total traded volume was 3,688,425 shares.
The company Insiders own 0.28% of McDonalds Corporation shares according to the proxy statements. Institutional Investors own 72.98% of McDonalds Corporation shares. In a related news, The Securities and Exchange Commission has divulged that Mullens Brian, officer (Corp Sr Vice Pres – Controller) of Mcdonalds Corp, had unloaded 845 shares at an average price of $128.93 in a transaction dated on May 3, 2016. The total value of the transaction was worth $108,946.
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.