Highland Private Wealth Management buys $265,215 stake in McDonald's Corporation (MCD)

McDonald's Corporation (MCD) : Highland Private Wealth Management scooped up 114 additional shares in McDonald's Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 2,219 shares of McDonald's Corporation which is valued at $265,215.McDonald's Corporation makes up approximately 0.14% of Highland Private Wealth Management’s portfolio.

Other Hedge Funds, Including , Nuveen Asset Management reduced its stake in MCD by selling 80,491 shares or 10.6% in the most recent quarter. The Hedge Fund company now holds 679,206 shares of MCD which is valued at $81,178,701. McDonald's Corporation makes up approx 0.49% of Nuveen Asset Management’s portfolio.Caldwell Orkin Inc reduced its stake in MCD by selling 23,505 shares or 57.75% in the most recent quarter. The Hedge Fund company now holds 17,195 shares of MCD which is valued at $2,055,146. McDonald's Corporation makes up approx 1.15% of Caldwell Orkin Inc’s portfolio.Banque Pictet Cie Sa boosted its stake in MCD in the latest quarter, The investment management firm added 26,613 additional shares and now holds a total of 506,632 shares of McDonald's Corporation which is valued at $60,552,657. McDonald's Corporation makes up approx 1.55% of Banque Pictet Cie Sa’s portfolio.Shinko Asset Management Ltd. reduced its stake in MCD by selling 95 shares or 3.96% in the most recent quarter. The Hedge Fund company now holds 2,307 shares of MCD which is valued at $295,896.Cwm reduced its stake in MCD by selling 121,105 shares or 96.74% in the most recent quarter. The Hedge Fund company now holds 4,086 shares of MCD which is valued at $524,070. McDonald's Corporation makes up approx 0.04% of Cwm’s portfolio.

McDonald's Corporation opened for trading at $114.6 and hit $115.65 on the upside on Monday, eventually ending the session at $115.41, with a gain of 0.85% or 0.97 points. The heightened volatility saw the trading volume jump to 49,82,952 shares. Company has a market cap of $98,487 M.

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 Argus to ” Hold” on Aug 15, 2016. 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.

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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