Wagner Bowman Management Corp Lowers stake in McDonald's Corporation (MCD)

McDonald's Corporation (MCD) : Wagner Bowman Management Corp reduced its stake in McDonald's Corporation by 0.1% during the most recent quarter end. The investment management company now holds a total of 26,180 shares of McDonald's Corporation which is valued at $3,345,280 after selling 25 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 1.32% of Wagner Bowman Management Corp’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 , Boyd Watterson Asset Managementoh reduced its stake in MCD by selling 159 shares or 2.01% in the most recent quarter. The Hedge Fund company now holds 7,745 shares of MCD which is valued at $989,656. McDonald's Corporation makes up approx 0.49% of Boyd Watterson Asset Managementoh’s portfolio.Hoertkorn Richard Charles reduced its stake in MCD by selling 3,225 shares or 6.7% in the most recent quarter. The Hedge Fund company now holds 44,875 shares of MCD which is valued at $5,734,128. McDonald's Corporation makes up approx 4.53% of Hoertkorn Richard Charles’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.Hollencrest Securities boosted its stake in MCD in the latest quarter, The investment management firm added 111 additional shares and now holds a total of 1,865 shares of McDonald's Corporation which is valued at $237,899. McDonald's Corporation makes up approx 0.04% of Hollencrest Securities’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.

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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