Beacon Financial Group buys $644,372 stake in McDonald's Corporation (MCD)

McDonald's Corporation (MCD) : Beacon Financial Group scooped up 1,134 additional shares in McDonald's Corporation during the most recent quarter end , according to a recent disclosure to the SEC on Apr 1, 2016. The investment management firm now holds a total of 5,073 shares of McDonald's Corporation which is valued at $644,372.McDonald's Corporation makes up approximately 0.14% of Beacon Financial Group’s portfolio.

Other Hedge Funds, Including ,

On the company’s financial health, McDonald's Corporation reported $1.31 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Jan 25, 2016. Analyst had a consensus of $1.23. The company had revenue of $6341.30 million for the quarter, compared to analysts expectations of $6237.46 million. The company’s revenue was down -3.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.22 EPS.

Many Wall Street Analysts have commented on McDonald's Corporation. Company shares were Reiterated by Credit Suisse on Mar 29, 2016 to “Outperform”, Firm has raised the Price Target to $ 135 from a previous price target of $130 .McDonald's Corporation was Initiated by Longbow to “Neutral” on Mar 18, 2016. Company shares were Reiterated by UBS on Mar 7, 2016 to “Buy”, Firm has raised the Price Target to $ 131 from a previous price target of $125 .

McDonald's Corporation closed down -0.4 points or -0.31% at $127.56 with 69,73,708 shares getting traded on Monday. Post opening the session at $128.35, the shares hit an intraday low of $127.45 and an intraday high of $128.69 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

McDonald’s Corporation operates and franchises McDonald’s restaurants. McDonald’s global system comprises both Company-owned and franchised restaurants. The Company manages its business as distinct geographic segments: the United States (U.S.); Europe and Asia/Pacific Middle East and Africa (APMEA). The Company’s operations in Canada and Latin America as well as its Corporate activities are reported under Other Countries & Corporate. The Company’s restaurants offer a substantially uniform menu including hamburgers and cheeseburgers Big Mac Quarter Pounder with Cheese Filet-O-Fish several chicken sandwiches Chicken McNuggets wraps French fries salads oatmeal shakes McFlurry desserts sundaes soft serve cones pies soft drinks coffee McCafe beverages and other beverages. McDonald’s franchised restaurants are owned and operated under one of the following structures: conventional franchise developmental license or affiliate.

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