McDonald's Corporation (MCD) : Fox Point Capital Management reduced its stake in McDonald's Corporation by 72.22% during the most recent quarter end. The investment management company now holds a total of 62,500 shares of McDonald's Corporation which is valued at $8.1 Million after selling 162,500 shares in McDonald's Corporation , the firm said in a disclosure report filed with the SEC on May 13, 2016.McDonald's Corporation makes up approximately 11.01% of Fox Point Capital Management’s portfolio.
Other Hedge Funds, Including , Ajo Lp boosted its stake in MCD in the latest quarter, The investment management firm added 212,351 additional shares and now holds a total of 353,699 shares of McDonald's Corporation which is valued at $45.6 Million. McDonald's Corporation makes up approx 0.20% of Ajo Lp’s portfolio. Zacks Investment Management added MCD to its portfolio by purchasing 35,545 company shares during the most recent quarter which is valued at $4.6 Million. McDonald's Corporation makes up approx 0.15% of Zacks Investment Management’s portfolio.
McDonald's Corporation closed down -0.69 points or -0.56% at $123.26 with 53,07,668 shares getting traded on Wednesday. Post opening the session at $123.75, the shares hit an intraday low of $123.0315 and an intraday high of $123.99 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
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 .
McDonalds Corporation operates and franchises McDonalds restaurants. McDonalds 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 Companys operations in Canada and Latin America as well as its Corporate activities are reported under Other Countries & Corporate. The Companys 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. McDonalds franchised restaurants are owned and operated under one of the following structures: conventional franchise developmental license or affiliate.