Whalerock Point Partners Lowers stake in McDonald's Corporation (MCD)

McDonald's Corporation (MCD) : Whalerock Point Partners reduced its stake in McDonald's Corporation by 6.83% during the most recent quarter end. The investment management company now holds a total of 33,836 shares of McDonald's Corporation which is valued at $4.2 Million after selling 2,480 shares in McDonald's Corporation , the firm said in a disclosure report filed with the SEC on May 25, 2016.McDonald's Corporation makes up approximately 1.77% of Whalerock Point Partners’s portfolio.

Other Hedge Funds, Including , Becker Capital Management Inc reduced its stake in MCD by selling 147,858 shares or 41.85% in the most recent quarter. The Hedge Fund company now holds 205,433 shares of MCD which is valued at $25.3 Million. McDonald's Corporation makes up approx 1.05% of Becker Capital Management Inc’s portfolio.Nwam reduced its stake in MCD by selling 804 shares or 13.54% in the most recent quarter. The Hedge Fund company now holds 5,135 shares of MCD which is valued at $629,346. McDonald's Corporation makes up approx 0.25% of Nwam’s portfolio.Millennium Management reduced its stake in MCD by selling 970,717 shares or 47.46% in the most recent quarter. The Hedge Fund company now holds 1,074,732 shares of MCD which is valued at $131.7 Million. McDonald's Corporation makes up approx 0.36% of Millennium Management’s portfolio.Riggs Asset Managment reduced its stake in MCD by selling 100 shares or 50.0% in the most recent quarter. The Hedge Fund company now holds 100 shares of MCD which is valued at $12,883. McDonald's Corporation makes up approx 0.01% of Riggs Asset Managment’s portfolio.

McDonald's Corporation closed down -0.09 points or -0.07% at $121.97 with 50,57,195 shares getting traded on Wednesday. Post opening the session at $121.6, the shares hit an intraday low of $121.5 and an intraday high of $122.735 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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