Jmg Financial Group Ltd. buys $4,074,564 stake in McDonald's Corporation (MCD)

McDonald's Corporation (MCD) : Jmg Financial Group Ltd. scooped up 18 additional shares in McDonald's Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 21, 2016. The investment management firm now holds a total of 31,768 shares of McDonald's Corporation which is valued at $4,074,564.McDonald's Corporation makes up approximately 0.68% of Jmg Financial Group Ltd.’s portfolio.

Other Hedge Funds, Including , Kanaly Trust Co boosted its stake in MCD in the latest quarter, The investment management firm added 357 additional shares and now holds a total of 18,641 shares of McDonald's Corporation which is valued at $2,390,895. McDonald's Corporation makes up approx 0.48% of Kanaly Trust Co’s portfolio.Trust Co Of Oklahoma boosted its stake in MCD in the latest quarter, The investment management firm added 545 additional shares and now holds a total of 3,525 shares of McDonald's Corporation which is valued at $436,395. McDonald's Corporation makes up approx 0.24% of Trust Co Of Oklahoma’s portfolio.Loring Wolcott Coolidge Fiduciary Advisors Llpma reduced its stake in MCD by selling 10,591 shares or 5.83% in the most recent quarter. The Hedge Fund company now holds 170,965 shares of MCD which is valued at $20,997,921. McDonald's Corporation makes up approx 0.47% of Loring Wolcott Coolidge Fiduciary Advisors Llpma’s portfolio.

McDonald's Corporation closed down -0.06 points or -0.05% at $119.42 with 62,33,232 shares getting traded on Thursday. Post opening the session at $119.59, the shares hit an intraday low of $118.36 and an intraday high of $120.18 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, McDonald's Corporation reported $1.45 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $1.39. The company had revenue of $6265.00 million for the quarter, compared to analysts expectations of $6265.41 million. The company’s revenue was down -3.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.26 EPS.

Many Wall Street Analysts have commented on McDonald's Corporation. McDonald's Corporation was Downgraded by Nomura to ” Neutral” on Jun 22, 2016. Company shares were Reiterated by Deutsche Bank on Apr 25, 2016 to “Buy”, Firm has raised the Price Target to $ 140 from a previous price target of $135 .Company shares were Reiterated by RBC Capital Mkts on Apr 25, 2016 to “Outperform”, Firm has raised the Price Target to $ 140 from a previous price target of $135 .

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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