C M Bidwell Associates Ltd buys $7.3 Million stake in McDonald's Corporation (MCD)

McDonald's Corporation (MCD) : C M Bidwell Associates Ltd scooped up 54,250 additional shares in McDonald's Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 56,960 shares of McDonald's Corporation which is valued at $7.3 Million.McDonald's Corporation makes up approximately 1.84% of C M Bidwell Associates Ltd’s portfolio.

Other Hedge Funds, Including , Kwmg reduced its stake in MCD by selling 239 shares or 4.41% in the most recent quarter. The Hedge Fund company now holds 5,181 shares of MCD which is valued at $667,468. McDonald's Corporation makes up approx 0.40% of Kwmg’s portfolio.First Trust Advisors Lp boosted its stake in MCD in the latest quarter, The investment management firm added 212,387 additional shares and now holds a total of 604,879 shares of McDonald's Corporation which is valued at $77.9 Million. McDonald's Corporation makes up approx 0.25% of First Trust Advisors Lp’s portfolio. Airain Ltd added MCD to its portfolio by purchasing 6,910 company shares during the most recent quarter which is valued at $890,215. McDonald's Corporation makes up approx 0.06% of Airain Ltd’s portfolio.

McDonald's Corporation opened for trading at $128.51 and hit $129.73 on the upside on Monday, eventually ending the session at $129.64, with a gain of 0.63% or 0.81 points. The heightened volatility saw the trading volume jump to 43,43,605 shares. Company has a market cap of $113,805 M.

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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