First Hawaiian Bank Lowers stake in McDonald's Corporation (MCD)

McDonald's Corporation (MCD) : First Hawaiian Bank reduced its stake in McDonald's Corporation by 0.02% during the most recent quarter end. The investment management company now holds a total of 8,892 shares of McDonald's Corporation which is valued at $1,136,220 after selling 2 shares in McDonald's Corporation , the firm said in a disclosure report filed with the SEC on Apr 15, 2016.McDonald's Corporation makes up approximately 0.19% of First Hawaiian Bank’s portfolio.

McDonald's Corporation closed down -2.76 points or -2.15% at $125.79 with 79,47,587 shares getting traded on Wednesday. Post opening the session at $128.55, the shares hit an intraday low of $125.6 and an intraday high of $128.75 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Patten Patten Inctn boosted its stake in MCD in the latest quarter, The investment management firm added 85 additional shares and now holds a total of 5,770 shares of McDonald's Corporation which is valued at $737,291. McDonald's Corporation makes up approx 0.10% of Patten Patten Inctn’s portfolio.Capstone Asset Management Co boosted its stake in MCD in the latest quarter, The investment management firm added 8,227 additional shares and now holds a total of 165,583 shares of McDonald's Corporation which is valued at $21,158,196. McDonald's Corporation makes up approx 0.60% of Capstone Asset Management Co’s portfolio. Chelsea Counsel Co sold out all of its stake in MCD during the most recent quarter. The investment firm sold 2,361 shares of MCD which is valued $301,169.

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.

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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