McDonald’s (NYSE:MCD) Stock Falls to Record Low as Quarterly Sales Tumbles – MCD, JACK, WEN, BKW

The Oak Brook, Illinois-based McDonald’s Corporation (NYSE:MCD) announced fiscal Q1 profit that was little changed as same-store sales tumbled in the United States for the first time since 2003 amid soft worldwide demand.

McDonald’s, the world’s biggest restaurant chain by sales, reported in a statement on Friday that net income in three months period was almost $1.27 billion or $1.26 per share, evaluated against $1.27 billion or $1.23 per share in previous year. Analysts forecasted $1.26, the median of 29 forecasts gathered by Bloomberg.

Worldwide sales at locations open around 13 months tumbled 1% in the three months period, led by a 1.2% United States decline.

Analysts forecasted a 1.1% decline for both global and in the United States, the average of 25 forecasts gathered by Consensus Metrix.

McDonald’s stock tumbled 2% to $99.92 in New York and marked the major drop since Nov. 8.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Jack in the Box Inc. (NASDAQ:JACK) up +0.37% to settle at $35.60, The Wendy’s Co (NASDAQ:WEN) moved up +0.93% to end at $5.40 while Burger King Worldwide Inc (NYSE:BKW) jumped +1.33% to finish at $18.29 on Friday.

McDonald’s Corporation (NYSE:MCD) on April 19, 2013 increased -1.95% to the closing price of $99.92. The overall volume in the last trading session was 8.23 million shares. Its fifty two weeks range was $83.31 – $103.70. The total market capitalization remained at $100.28 billion.

MCD is ahead of its 52-week low with +22.00% and lagging behind from its 52-week high price with -3.65%. MCD’s last month’s stock price volatility remained 1.21%. In its share capital MCD has 1.00 billion outstanding shares, among them 1.00 billion shares have been floated in market exchange. MCD’s stock’s institutional ownership remained 64.75% while insider ownership included 0.03%.

The stock price of MCD is moving down from its 20 days moving average with -0.73% and remote positively from 50 days moving average with +2.15%. MCD’s current year’s earnings per share experienced an addition with 1.71% while its current quarter performance remained at +9.77%. Company’s beta coefficient included 0.39. Beta factors measure the amount of market risk associated with market trade.

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