The Oak Brook, Illinois-based McDonald’s Corporation (NYSE:MCD) announced profit in the third-quarter moved down 3.5% as sales expansion slowed at United States stores.
McDonald’s, the world’s biggest restaurant chain by sales, reported in a statement on Friday that net income fell to $1.46 billion or $1.43 per share, from $1.51 billion or $1.45 per share in previous year. The restaurant chain company reported that foreign- currency exchange-rate fluctuations lowered net income by 8 cents per share in the Q3. Analysts anticipated $1.47, the median of 26 forecasts gathered by Bloomberg.
CEO of McDonald’s Don Thompson has attempted to draw budget-conscious Americans with a new extra-value menu. The company reported that sales at United States stores open around 13 months moved up 1.2% in the three months period.
Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. The Wendy’s Company (NASDAQ:WEN) fell -2.78% to settle at $4.19, Burger King Worldwide Inc (NYSE:BKW) moved -3.36% to end at $14.10 while Good Times Restaurants Inc. (NASDAQ:GTIM) jumped +5.24% to finish at $1.37 on Friday.
McDonald’s Corporation (NYSE:MCD) on Oct 19, 2012 decreased -4.46% to the closing price of $88.72. The overall volume in the last trading session was 19.50 million shares. Its fifty two weeks range was $85.92 – $102.22. The total market capitalization remained at $89.47 billion.
MCD is ahead of its 52-week low with 4.08% and lagging behind from its 52-week high price with -11.22%. MCD’s last month’s stock price volatility remained 0.98%. In its share capital MCD has 1.01 billion outstanding shares, among them 1.01 billion shares have been floated in market exchange. MCD’s stock’s institutional ownership remained 65.82% while insider ownership included 0.02%.
The stock price of MCD is moving down from its 20 days moving average with -4.03% and remote negatively from 50 days moving average with -2.05%. MCD’s current year’s earnings per share experienced an addition with 15.03% while its current quarter performance remained at 0.53%. Company’s beta coefficient included 0.40. Beta factors measure the amount of market risk associated with market trade.
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