Institutional Family Asset Management Lowers stake in McDonald's Corporation (MCD)

McDonald's Corporation (MCD) : Institutional Family Asset Management reduced its stake in McDonald's Corporation by 0.2% during the most recent quarter end. The investment management company now holds a total of 26,780 shares of McDonald's Corporation which is valued at $3.5 Million after selling 55 shares in McDonald's Corporation , the firm said in a disclosure report filed with the SEC on May 11, 2016.McDonald's Corporation makes up approximately 1.26% of Institutional Family Asset Management’s portfolio.

Other Hedge Funds, Including , Gareth Morgan Investments Limited Partnership boosted its stake in MCD in the latest quarter, The investment management firm added 11,296 additional shares and now holds a total of 126,336 shares of McDonald's Corporation which is valued at $16.3 Million. McDonald's Corporation makes up approx 1.69% of Gareth Morgan Investments Limited Partnership’s portfolio.Ghp Investment Advisors boosted its stake in MCD in the latest quarter, The investment management firm added 93 additional shares and now holds a total of 2,250 shares of McDonald's Corporation which is valued at $289,868. McDonald's Corporation makes up approx 0.06% of Ghp Investment Advisors’s portfolio.Old Mutual Customised Solutions (proprietary) Ltd reduced its stake in MCD by selling 5,400 shares or 22.22% in the most recent quarter. The Hedge Fund company now holds 18,900 shares of MCD which is valued at $2.4 Million. McDonald's Corporation makes up approx 0.63% of Old Mutual Customised Solutions (proprietary) Ltd’s portfolio.Flossbach Von Storch Ag boosted its stake in MCD in the latest quarter, The investment management firm added 6,675 additional shares and now holds a total of 183,278 shares of McDonald's Corporation which is valued at $23.9 Million. McDonald's Corporation makes up approx 0.40% of Flossbach Von Storch Ag’s portfolio.Compton Capital Management Inc Ri reduced its stake in MCD by selling 266 shares or 2.3% in the most recent quarter. The Hedge Fund company now holds 11,296 shares of MCD which is valued at $1.5 Million. McDonald's Corporation makes up approx 0.84% of Compton Capital Management Inc Ri’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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