Nichols Asset Management Lowers stake in McDonald's Corporation (MCD)

McDonald's Corporation (MCD) : Nichols Asset Management reduced its stake in McDonald's Corporation by 8.45% during the most recent quarter end. The investment management company now holds a total of 7,580 shares of McDonald's Corporation which is valued at $951,290 after selling 700 shares in McDonald's Corporation , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.McDonald's Corporation makes up approximately 0.21% of Nichols Asset Management’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 , Dumont Blake Investment Advisors boosted its stake in MCD in the latest quarter, The investment management firm added 135 additional shares and now holds a total of 3,180 shares of McDonald's Corporation which is valued at $399,090. McDonald's Corporation makes up approx 0.20% of Dumont Blake Investment Advisors’s portfolio.Hhg Company reduced its stake in MCD by selling 79 shares or 0.32% in the most recent quarter. The Hedge Fund company now holds 24,819 shares of MCD which is valued at $3,114,785. McDonald's Corporation makes up approx 0.85% of Hhg Company’s portfolio.High Point Bank Trust Co reduced its stake in MCD by selling 600 shares or 29.91% in the most recent quarter. The Hedge Fund company now holds 1,406 shares of MCD which is valued at $176,453. McDonald's Corporation makes up approx 0.05% of High Point Bank Trust Co’s portfolio.Btr Capital Management Inc boosted its stake in MCD in the latest quarter, The investment management firm added 140 additional shares and now holds a total of 4,640 shares of McDonald's Corporation which is valued at $592,899. McDonald's Corporation makes up approx 0.14% of Btr Capital Management Inc’s portfolio.Elm Advisors boosted its stake in MCD in the latest quarter, The investment management firm added 450 additional shares and now holds a total of 4,925 shares of McDonald's Corporation which is valued at $629,317. McDonald's Corporation makes up approx 0.60% of Elm Advisors’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 .

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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