McDonald's Corporation (MCD) : Burnham Asset Management Corp Ny scooped up 27,163 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 47,418 shares of McDonald's Corporation which is valued at $5,667,399.McDonald's Corporation makes up approximately 1.52% of Burnham Asset Management Corp Ny’s portfolio.
Other Hedge Funds, Including , Sapphire Star Partners Lp reduced its stake in MCD by selling 32,441 shares or 45.69% in the most recent quarter. The Hedge Fund company now holds 38,561 shares of MCD which is valued at $4,608,811. McDonald's Corporation makes up approx 5.23% of Sapphire Star Partners Lp’s portfolio.Laurel Wealth Advisors reduced its stake in MCD by selling 198 shares or 3.21% in the most recent quarter. The Hedge Fund company now holds 5,972 shares of MCD which is valued at $713,773. McDonald's Corporation makes up approx 0.34% of Laurel Wealth Advisors’s portfolio. Alpine Woods Capital Investors sold out all of its stake in MCD during the most recent quarter. The investment firm sold 80,500 shares of MCD which is valued $9,621,360.Atlas Browninc. reduced its stake in MCD by selling 65 shares or 0.73% in the most recent quarter. The Hedge Fund company now holds 8,885 shares of MCD which is valued at $1,045,320. McDonald's Corporation makes up approx 0.42% of Atlas Browninc.’s portfolio.First Hawaiian Bank reduced its stake in MCD by selling 350 shares or 3.94% in the most recent quarter. The Hedge Fund company now holds 8,542 shares of MCD which is valued at $1,049,128. McDonald's Corporation makes up approx 0.18% of First Hawaiian Bank’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. Company shares were Upgraded by Robert W. Baird on Aug 30, 2016 to ” Outperform”, Firm has raised the Price Target to $ 128 from a previous price target of $126 .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 .
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.