McDonald's Corporation (MCD) : Advisory Services Network scooped up 492 additional shares in McDonald's Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 7,742 shares of McDonald's Corporation which is valued at $971,621.McDonald's Corporation makes up approximately 0.26% of Advisory Services Network’s portfolio.
McDonald's Corporation opened for trading at $127.94 and hit $128.5599 on the upside on Wednesday, eventually ending the session at $128.3, with a gain of 0.46% or 0.59 points. The heightened volatility saw the trading volume jump to 44,36,223 shares. Company has a market cap of $115,676 M.
Other Hedge Funds, Including , Concannon Wealth Management reduced its stake in MCD by selling 6,386 shares or 10.39% in the most recent quarter. The Hedge Fund company now holds 55,098 shares of MCD which is valued at $6,914,799. McDonald's Corporation makes up approx 7.02% of Concannon Wealth Management’s portfolio.Dearborn Partners boosted its stake in MCD in the latest quarter, The investment management firm added 6,659 additional shares and now holds a total of 218,001 shares of McDonald's Corporation which is valued at $27,359,126. McDonald's Corporation makes up approx 2.53% of Dearborn Partners’s portfolio.Atalanta Sosnoff Capital boosted its stake in MCD in the latest quarter, The investment management firm added 200,412 additional shares and now holds a total of 204,917 shares of McDonald's Corporation which is valued at $26,184,294. McDonald's Corporation makes up approx 0.82% of Atalanta Sosnoff Capital’s portfolio.
On the company’s financial health, McDonald's Corporation reported $1.23 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Apr 22, 2016. Analyst had a consensus of $1.17. The company had revenue of $5904.00 million for the quarter, compared to analysts expectations of $5821.41 million. The company’s revenue was down -.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.01 EPS.
Many Wall Street Analysts have commented on McDonald's Corporation. 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 .Company shares were Reiterated by Nomura on Apr 25, 2016 to “Buy”, Firm has raised the Price Target to $ 142 from a previous price target of $138 .
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.