McDonald's Corporation (MCD) : Cape Ann Savings Bank reduced its stake in McDonald's Corporation by 1.54% during the most recent quarter end. The investment management company now holds a total of 16,076 shares of McDonald's Corporation which is valued at $2,026,541 after selling 252 shares in McDonald's Corporation , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.McDonald's Corporation makes up approximately 2.70% of Cape Ann Savings Bank’s portfolio.
Other Hedge Funds, Including , Braver Wealth Management reduced its stake in MCD by selling 1 shares or 0.02% in the most recent quarter. The Hedge Fund company now holds 4,593 shares of MCD which is valued at $564,112. McDonald's Corporation makes up approx 0.09% of Braver Wealth Management’s portfolio.Bkd Wealth Advisors reduced its stake in MCD by selling 105 shares or 2.06% in the most recent quarter. The Hedge Fund company now holds 4,997 shares of MCD which is valued at $613,732. McDonald's Corporation makes up approx 0.09% of Bkd Wealth Advisors’s portfolio.Jacobs Coca boosted its stake in MCD in the latest quarter, The investment management firm added 1,404 additional shares and now holds a total of 51,635 shares of McDonald's Corporation which is valued at $6,341,811. McDonald's Corporation makes up approx 1.45% of Jacobs Coca’s portfolio.
McDonald's Corporation closed down -0.44 points or -0.35% at $126.06 with 33,53,313 shares getting traded on Wednesday. Post opening the session at $126.84, the shares hit an intraday low of $125.56 and an intraday high of $126.87 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. McDonald's Corporation was Downgraded by Nomura to ” Neutral” on Jun 22, 2016. 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 .
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.