Glenview State Bank Trust Dept. Lowers stake in McDonald's Corporation (MCD)

McDonald's Corporation (MCD) : Glenview State Bank Trust Dept. reduced its stake in McDonald's Corporation by 0.89% during the most recent quarter end. The investment management company now holds a total of 39,005 shares of McDonald's Corporation which is valued at $4,933,742 after selling 350 shares in McDonald's Corporation , the firm said in a disclosure report filed with the SEC on Apr 25, 2016.McDonald's Corporation makes up approximately 3.00% of Glenview State Bank Trust Dept.’s portfolio.

McDonald's Corporation opened for trading at $126.65 and hit $128.22 on the upside on Monday, eventually ending the session at $128.2, with a gain of 1.35% or 1.71 points. The heightened volatility saw the trading volume jump to 48,30,848 shares. Company has a market cap of $115,586 M.

Other Hedge Funds, Including , Wcg Management reduced its stake in MCD by selling 12,947 shares or 31.42% in the most recent quarter. The Hedge Fund company now holds 28,253 shares of MCD which is valued at $3,573,722. McDonald's Corporation makes up approx 4.10% of Wcg Management’s portfolio.Farmers Trust Co boosted its stake in MCD in the latest quarter, The investment management firm added 3,331 additional shares and now holds a total of 22,766 shares of McDonald's Corporation which is valued at $2,857,133. McDonald's Corporation makes up approx 0.91% of Farmers Trust Co’s portfolio.Advisory Services Network boosted its stake in MCD in the latest quarter, The investment management firm added 492 additional shares and now holds a total of 7,742 shares of McDonald's Corporation which is valued at $971,621. McDonald's Corporation makes up approx 0.26% of Advisory Services Network’s portfolio.Beese Fulmer Investment Management boosted its stake in MCD in the latest quarter, The investment management firm added 1,527 additional shares and now holds a total of 38,613 shares of McDonald's Corporation which is valued at $4,933,969. McDonald's Corporation makes up approx 1.42% of Beese Fulmer Investment Management’s portfolio.

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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