Sign up to get Today’s Best Articles in your inbox
Join 350,000+ subscribers and keep yourself informed with a selection of
The Week’s most interesting, enlightening and entertaining stories - plus daily puzzles.
You are now subscribed
Your newsletter sign-up was successful
Want to add more newsletters?
An account already exists for this email address, please log in.
As McDonald's continues to evolve, revamping its fat-drenched menu with healthy-ish McWrap sandwiches and working to mend what one executive reportedly described as "broken" customer service, the ubiquitous burger chain's stock price is hitting record numbers — it closed above $103 per share on Friday — and analysts are predicting that it will continue to climb.
UBS, the Swiss global financial service, raised its price target for McDonald's Corp this week to $110, setting the upside at $125.
The stock is already up more than 15 percent this to year, and is touching these highs after a 52-week low in November.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Join more than 350,000 subscribers and keep yourself informed with a selection of The Week’s most interesting, enlightening and entertaining stories - plus daily puzzles.
Join more than 350,000 subscribers and keep yourself informed with a selection of The Week’s most interesting, enlightening and entertaining stories - plus daily puzzles.
The company has had an average annual growth rate of 5.4 percent in revenues and an average annual growth rate of net income of 15.7 percent over the period of 2003-12. This shows the profit margin that the company possesses has been increasing at a faster rate than the revenues. In its last annual report, the company increased the cash dividends by 10 percent to $0.77 for the fourth quarter, bringing the current annual dividend to $3.08 per share. This suggests the management has provided return to its shareholders for its strong business performance. [Seeking Alpha]
The best news of all is for the lucky dogs who scooped up some Mickey D's stock in the first few years after the burger joint went public. According to this chart, if you bought McDonald's stock in January 1970, you've seen a 30,305.05 percent gain on your investment. If only!
Sign up to get Today’s Best Articles in your inbox
A free daily email with the day’s biggest news and analysis – and the best features from TheWeek.com
