Schwab Charles Investment Management Inc buys $429,827,027 stake in McDonald's Corporation (MCD)

McDonald's Corporation (MCD) : Schwab Charles Investment Management Inc scooped up 123,479 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 15, 2016. The investment management firm now holds a total of 3,596,277 shares of McDonald's Corporation which is valued at $429,827,027.McDonald's Corporation makes up approximately 0.52% of Schwab Charles Investment Management Inc’s portfolio.

Other Hedge Funds, Including , Folger Nolan Fleming Douglas Capital Management Inc reduced its stake in MCD by selling 200 shares or 0.35% in the most recent quarter. The Hedge Fund company now holds 57,147 shares of MCD which is valued at $6,830,209. McDonald's Corporation makes up approx 1.13% of Folger Nolan Fleming Douglas Capital Management Inc’s portfolio. Bluemountain Capital Management added MCD to its portfolio by purchasing 2,851 company shares during the most recent quarter which is valued at $340,752. McDonald's Corporation makes up approx 0.01% of Bluemountain Capital Management’s portfolio.Jackson Grant Investment Advisers boosted its stake in MCD in the latest quarter, The investment management firm added 885 additional shares and now holds a total of 9,171 shares of McDonald's Corporation which is valued at $1,093,275. McDonald's Corporation makes up approx 0.94% of Jackson Grant Investment Advisers’s portfolio.Hills Bank Trust Co reduced its stake in MCD by selling 41 shares or 0.12% in the most recent quarter. The Hedge Fund company now holds 34,664 shares of MCD which is valued at $4,369,744. McDonald's Corporation makes up approx 1.56% of Hills Bank Trust Co’s portfolio.

McDonald's Corporation closed down -0.26 points or -0.22% at $115.4 with 39,66,619 shares getting traded on Thursday. Post opening the session at $115.51, the shares hit an intraday low of $114.86 and an intraday high of $115.8147 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. 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 .

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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