McDonald’s (MCD) is Upgraded by Nomura to Buy

McDonald’s (MCD) is Upgraded by Nomura to Buy , according to the research report released to the investors. Earlier the firm had a rating of Neutral on the company shares. The shares recommendation by the Brokerage Firm was released on Jan-4-2016.

McDonalds Corp. is up 20.54% in the last 3-month period. Year-to-Date the stock performance stands at 30.43%.The company shares have rallied 28.06% from its 1 Year high price. On Dec 29, 2015, the shares registered one year high at $120.23 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $115.47 and the 200 Day Moving Average price is recorded at $103.76.

McDonalds Corporation (NYSE:MCD) has dropped 0.36% during the past week, however, the bigger picture is still very bullish; the shares have posted positive gains of 1.67% in the last 4 weeks. In the past week, the shares have outperformed the S&P 500 by 0.47% and the outperformance increases to 4.04% for the last 4 weeks.

Shares of McDonalds Corporation (NYSE:MCD) ended Thursday session in red amid volatile trading. The shares closed down 1.29 points or 1.08% at $118.14 with 3,723,186 shares getting traded. Post opening the session at $118.82, the shares hit an intraday low of $117.94 and an intraday high of $119.175 and the price vacillated in this range throughout the day. The company has a market cap of $108,480 million and the number of outstanding shares have been calculated to be 918,229,820 shares. The 52-week high of McDonalds Corporation (NYSE:MCD) is $120.23 and the 52-week low is $87.5.

Currently the company Insiders own 0.29% of McDonalds Corporation shares according to the proxy statements. Institutional Investors own 68.3% of McDonalds Corporation shares. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange,The officer (Corp Exec VP, Supply Chain) of Mcdonalds Corp, Armario Jose sold 15,000 shares at $112.14 on November 13, 2015. The Insider selling transaction had a total value worth of $1,682,100. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

McDonalds Corporation franchises and operates McDonalds restaurants in the global restaurant industry. These restaurants serve menu at various price points providing value in 119 countries globally. All restaurants are operated either by the Company or by franchisees, including conventional franchisees under franchise arrangements, and developmental licensees and foreign affiliated markets under license agreements. Under the conventional franchise arrangement, franchisees provide a portion of the capital required by initially investing in the equipment, signs, seating and decor of their restaurant businesses, and by reinvesting in the business over time. The Company owns the land and building or secures long-term leases for both Company-operated and conventional franchised restaurant sites. In certain circumstances, the Company participates in reinvestment for conventional franchised restaurants. In February 2014, McDonalds Corp announced the opening of its restaurant in Vietnam.