McDonald’s (NYSE:MCD) Stock Tumbles after CLSA Downgrade – MCD, JACK, WEN, BKW

McDonald’s Corporation (NYSE:MCD) stock on Monday shattered from buy to outperform by CLSA. While CLSA still calls the world’s biggest fast food chain the “best house on the block” in the United States.

The fast-food giant earlier announced fiscal Q1 profit that was little changed as similar store sales fell in the United States for the first time since 2003 amid soft worldwide demand.

The Oak Brook, Illinois-based world’s biggest restaurant chain by sales announced net income 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 per share, the median of 29 forecasts gathered by Bloomberg.

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) fell -0.45% to settle at $35.44, The Wendy’s Co (NASDAQ:WEN) moved up +0.37% to end at $5.42 while Burger King Worldwide Inc (NYSE:BKW) jumped +0.11% to finish at $18.31 on Monday.

McDonald’s Corporation (NYSE:MCD) last session’s volume of +5.62 million shares was surprisingly higher than its average volume of 4.70 million shares. The stock after opening at $99.35 hit high price of $99.66 and then closed at $99.32 by scoring -0.60%.

The Company had a book value per share as $15.25 in the most recent quarter.

The stock’s price volatility was 1.51% for a week and 1.25% for a month as well as price volatility’s Average True Range for 14 days was 1.31 and its beta remained at 0.39.

MCD generated revenue of $27.63 billion in the previous twelve months and earned $5.47 billion. The Company showed a positive 19.79% in the net profit margin as well as in its operating margin which remained at 31.09%. Company’s annual sales growth for the past five years was 3.88%.

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