McDonald's Corporation (MCD) : Conning reduced its stake in McDonald's Corporation by 1.75% during the most recent quarter end. The investment management company now holds a total of 206,040 shares of McDonald's Corporation which is valued at $24,617,659 after selling 3,675 shares in McDonald's Corporation , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.McDonald's Corporation makes up approximately 1.02% of Conning’s portfolio.
Other Hedge Funds, Including , Canandaigua National Bank Trust Co reduced its stake in MCD by selling 676 shares or 1.89% in the most recent quarter. The Hedge Fund company now holds 35,107 shares of MCD which is valued at $4,194,584. McDonald's Corporation makes up approx 1.19% of Canandaigua National Bank Trust Co’s portfolio.Cornerstone Advisors boosted its stake in MCD in the latest quarter, The investment management firm added 755 additional shares and now holds a total of 3,702 shares of McDonald's Corporation which is valued at $442,315. McDonald's Corporation makes up approx 0.44% of Cornerstone Advisors’s portfolio. Brookstone Capital Management added MCD to its portfolio by purchasing 1,862 company shares during the most recent quarter which is valued at $234,724. McDonald's Corporation makes up approx 0.03% of Brookstone Capital Management’s portfolio.Indiana Trust Investment Management Co reduced its stake in MCD by selling 80 shares or 0.6% in the most recent quarter. The Hedge Fund company now holds 13,178 shares of MCD which is valued at $1,591,375. McDonald's Corporation makes up approx 0.83% of Indiana Trust Investment Management Co’s portfolio.
McDonald's Corporation closed down -1.77 points or -1.48% at $117.65 with 74,60,860 shares getting traded on Friday. Post opening the session at $119.14, the shares hit an intraday low of $117.43 and an intraday high of $119.66 and the price fluctuated in this range throughout the day.Shares ended Friday 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. Shares were Reiterated by Deutsche Bank on Jul 27, 2016 to “Buy” and Lowered the Price Target to $ 135 from a previous price target of $140 .McDonald's Corporation was Downgraded by Nomura to ” Neutral” on Jun 22, 2016.
McDonalds Corporation operates and franchises McDonalds restaurants. McDonalds 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 Companys operations in Canada and Latin America as well as its Corporate activities are reported under Other Countries & Corporate. The Companys 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. McDonalds franchised restaurants are owned and operated under one of the following structures: conventional franchise developmental license or affiliate.