Geode Capital Management buys $1,003.6 Million stake in McDonald's Corporation (MCD)

McDonald's Corporation (MCD) : Geode Capital Management scooped up 302,511 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 13, 2016. The investment management firm now holds a total of 7,789,916 shares of McDonald's Corporation which is valued at $1,003.6 Million.McDonald's Corporation makes up approximately 0.56% of Geode Capital Management’s portfolio.

Other Hedge Funds, Including , Verition Fund Management sold out all of its stake in MCD during the most recent quarter. The investment firm sold 5,342 shares of MCD which is valued $688,210.Davidson Garrard Inc reduced its stake in MCD by selling 7,127 shares or 16.73% in the most recent quarter. The Hedge Fund company now holds 35,479 shares of MCD which is valued at $4.6 Million. McDonald's Corporation makes up approx 1.18% of Davidson Garrard Inc’s portfolio.Centre Asset Management reduced its stake in MCD by selling 860 shares or 1.46% in the most recent quarter. The Hedge Fund company now holds 57,980 shares of MCD which is valued at $7.6 Million. McDonald's Corporation makes up approx 1.33% of Centre Asset Management’s portfolio.Agf Investments reduced its stake in MCD by selling 4,761 shares or 2.26% in the most recent quarter. The Hedge Fund company now holds 205,871 shares of MCD which is valued at $26.9 Million. McDonald's Corporation makes up approx 0.32% of Agf Investments’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 .

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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