McDonald's Corporation (MCD) : Pictet North America Advisors Sa scooped up 2,107 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 9, 2016. The investment management firm now holds a total of 90,997 shares of McDonald's Corporation which is valued at $11,723,144.McDonald's Corporation makes up approximately 2.51% of Pictet North America Advisors Sa’s portfolio.
Other Hedge Funds, Including , Ibm Retirement Fund reduced its stake in MCD by selling 117,126 shares or 50.22% in the most recent quarter. The Hedge Fund company now holds 116,101 shares of MCD which is valued at $14,957,292. McDonald's Corporation makes up approx 0.58% of Ibm Retirement Fund’s portfolio. Cadinha Co added MCD to its portfolio by purchasing 1,662 company shares during the most recent quarter which is valued at $217,024. McDonald's Corporation makes up approx 0.06% of Cadinha Co’s portfolio.Bank Of The Ozarks reduced its stake in MCD by selling 395 shares or 5.31% in the most recent quarter. The Hedge Fund company now holds 7,045 shares of MCD which is valued at $919,936. McDonald's Corporation makes up approx 0.35% of Bank Of The Ozarks’s portfolio.Achievement Holdings boosted its stake in MCD in the latest quarter, The investment management firm added 78,200 additional shares and now holds a total of 195,700 shares of McDonald's Corporation which is valued at $24,754,093. McDonald's Corporation makes up approx 3.22% of Achievement Holdings’s portfolio.Davenport Co reduced its stake in MCD by selling 4,775 shares or 1.23% in the most recent quarter. The Hedge Fund company now holds 383,761 shares of MCD which is valued at $48,541,929. McDonald's Corporation makes up approx 0.75% of Davenport Co’s portfolio.
McDonald's Corporation closed down -1.29 points or -0.99% at $128.83 with 65,68,694 shares getting traded on Friday. Post opening the session at $129.74, the shares hit an intraday low of $128.71 and an intraday high of $130.16 and the price fluctuated in this range throughout the day.Shares ended Friday 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.