Elm Advisors Lowers stake in McDonald's Corporation (MCD)

McDonald's Corporation (MCD) : Elm Advisors reduced its stake in McDonald's Corporation by 6.09% during the most recent quarter end. The investment management company now holds a total of 4,625 shares of McDonald's Corporation which is valued at $568,043 after selling 300 shares in McDonald's Corporation , the firm said in a disclosure report filed with the SEC on Jul 13, 2016.McDonald's Corporation makes up approximately 0.53% of Elm Advisors’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.Stokes Hubbell Capital Management reduced its stake in MCD by selling 197 shares or 2.98% in the most recent quarter. The Hedge Fund company now holds 6,410 shares of MCD which is valued at $777,597. McDonald's Corporation makes up approx 0.33% of Stokes Hubbell Capital Management’s portfolio. Bank Of Stockton sold out all of its stake in MCD during the most recent quarter. The investment firm sold 1,679 shares of MCD which is valued $203,679.Daiwa Sb Investments Ltd. reduced its stake in MCD by selling 4,950 shares or 6.98% in the most recent quarter. The Hedge Fund company now holds 66,000 shares of MCD which is valued at $8,006,460. McDonald's Corporation makes up approx 2.29% of Daiwa Sb Investments Ltd.’s portfolio.Toth Financial Advisory Corp boosted its stake in MCD in the latest quarter, The investment management firm added 811 additional shares and now holds a total of 28,213 shares of McDonald's Corporation which is valued at $3,396,845. McDonald's Corporation makes up approx 1.04% of Toth Financial Advisory Corp’s portfolio.

McDonald's Corporation opened for trading at $124 and hit $124 on the upside on Monday, eventually ending the session at $123.8, with a gain of 0.15% or 0.19 points. The heightened volatility saw the trading volume jump to 52,54,727 shares. Company has a market cap of $108,679 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. 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 .

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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