McDonald's Sits 21% Below Its High and 4% Above Its 52-Week Low. The Dividend Yields 2.7%.
The burger giant's stock sits near a 52-week low. Its results don't look anything like one.
Overview
As of this writing, McDonald's (NYSE: MCD) stock sits at $270.64. The 52-week high is $341.75, so shares have given up about 21% -- and they now sit just 4% from the bottom of their yearly range. That's an unusual place to find one of the steadiest large businesses in the world, and to me, it's worth a look. At the current price, the stock offers a dividend yield of about 2.7%, and shares cost about 22 times earnings.
A decline like that usually means something went wrong. So, did the business change, or did just the price? The company's last four quarterly reports point one way.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.