Shikiar Asset Management Inc adds McDonald's Corporation (MCD) to its portfolio

McDonald's Corporation (MCD) : Shikiar Asset Management Inc added new position in McDonald's Corporation during the most recent quarter end. The investment management firm now holds 1,752 shares of McDonald's Corporation which is valued at $219,876 , the company said in a statement filed on Apr 21, 2016 with the SEC.McDonald's Corporation makes up approximately 0.10% of Shikiar Asset Management Inc’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 , Ferguson Wellman Capital Management Inc reduced its stake in MCD by selling 956 shares or 1.99% in the most recent quarter. The Hedge Fund company now holds 46,972 shares of MCD which is valued at $5,894,986. McDonald's Corporation makes up approx 0.25% of Ferguson Wellman Capital Management Inc’s portfolio.Horan Capital Management reduced its stake in MCD by selling 16,391 shares or 24.83% in the most recent quarter. The Hedge Fund company now holds 49,633 shares of MCD which is valued at $6,228,942. McDonald's Corporation makes up approx 1.70% of Horan Capital Management’s portfolio.Private Bank Trust Co reduced its stake in MCD by selling 445 shares or 6.02% in the most recent quarter. The Hedge Fund company now holds 6,953 shares of MCD which is valued at $872,602. McDonald's Corporation makes up approx 0.15% of Private Bank Trust Co’s portfolio. Simplex Trading sold out all of its stake in MCD during the most recent quarter. The investment firm sold 43,332 shares of MCD which is valued $5,536,963.

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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