McDonald's Corporation (MCD) : Donald L. Hagan reduced its stake in McDonald's Corporation by 9.39% during the most recent quarter end. The investment management company now holds a total of 8,693 shares of McDonald's Corporation which is valued at $1,110,792 after selling 901 shares in McDonald's Corporation , the firm said in a disclosure report filed with the SEC on Apr 14, 2016.McDonald's Corporation makes up approximately 1.01% of Donald L. Hagan’s portfolio.
McDonald's Corporation opened for trading at $127.95 and hit $128.91 on the upside on Monday, eventually ending the session at $128.85, with a gain of 0.84% or 1.07 points. The heightened volatility saw the trading volume jump to 45,25,553 shares. Company has a market cap of $116,172 M.
Other Hedge Funds, Including , Capital Investment Advisors boosted its stake in MCD in the latest quarter, The investment management firm added 5,315 additional shares and now holds a total of 31,891 shares of McDonald's Corporation which is valued at $4,075,032. McDonald's Corporation makes up approx 0.40% of Capital Investment Advisors’s portfolio.Stonebridge Capital Management Inc reduced its stake in MCD by selling 7,175 shares or 54.31% in the most recent quarter. The Hedge Fund company now holds 6,035 shares of MCD which is valued at $771,152. McDonald's Corporation makes up approx 0.33% of Stonebridge Capital Management Inc’s portfolio.Chicago Trust Co Na reduced its stake in MCD by selling 3,098 shares or 8.69% in the most recent quarter. The Hedge Fund company now holds 32,565 shares of MCD which is valued at $4,153,991. McDonald's Corporation makes up approx 1.80% of Chicago Trust Co Na’s portfolio.Eagle Asset Management Inc boosted its stake in MCD in the latest quarter, The investment management firm added 19,666 additional shares and now holds a total of 586,427 shares of McDonald's Corporation which is valued at $74,804,628. McDonald's Corporation makes up approx 0.53% of Eagle Asset Management Inc’s portfolio.
On the company’s financial health, McDonald's Corporation reported $1.31 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Jan 25, 2016. Analyst had a consensus of $1.23. The company had revenue of $6341.30 million for the quarter, compared to analysts expectations of $6237.46 million. The company’s revenue was down -3.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.22 EPS.
Many Wall Street Analysts have commented on McDonald's Corporation. McDonald's Corporation was Resumed by Credit Agricole to “Underperform” on Apr 13, 2016. Company shares were Reiterated by Credit Suisse on Mar 29, 2016 to “Outperform”, Firm has raised the Price Target to $ 135 from a previous price target of $130 .McDonald's Corporation was Initiated by Longbow to “Neutral” on Mar 18, 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.