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Investors holding McDonald's Corp. (NYSE: MCD) stock are finding themselves more disappointed with the one-time market favorite than ever before. Its share price has been flat since 2012. And since its May 13, 2014, high of $103.53, McDonald's stock price has bounced dramatically – down 15% at one point in December to $88.46.
Analysts are making a big bet on MCD stock based on the May 4 pledge by CEO Steve Easterbrook to turn the company around. But the fast-food chain's most recent report revealed MCD's global comparable sales at its restaurants that have been open for at least 13 months fell by 2.3%. Revenue fell to $5.96 billion, which is down 11% from the $6.7 billion reported this time last year.