McDonald's Corporation (MCD) : Focused Investors reduced its stake in McDonald's Corporation by 1.24% during the most recent quarter end. The investment management company now holds a total of 1,237,600 shares of McDonald's Corporation which is valued at $158,734,576 after selling 15,500 shares in McDonald's Corporation , the firm said in a disclosure report filed with the SEC on Jul 21, 2016.McDonald's Corporation makes up approximately 5.98% of Focused Investors’s portfolio.
Other Hedge Funds, Including , Kanaly Trust Co boosted its stake in MCD in the latest quarter, The investment management firm added 357 additional shares and now holds a total of 18,641 shares of McDonald's Corporation which is valued at $2,390,895. McDonald's Corporation makes up approx 0.48% of Kanaly Trust Co’s portfolio.Capital Investment Advisors reduced its stake in MCD by selling 4,808 shares or 15.08% in the most recent quarter. The Hedge Fund company now holds 27,083 shares of MCD which is valued at $3,473,666. McDonald's Corporation makes up approx 0.32% of Capital Investment Advisors’s portfolio. James Investment Research Inc added MCD to its portfolio by purchasing 54 company shares during the most recent quarter which is valued at $6,685.First Western Capital Management Co boosted its stake in MCD in the latest quarter, The investment management firm added 9,486 additional shares and now holds a total of 56,860 shares of McDonald's Corporation which is valued at $6,983,545. McDonald's Corporation makes up approx 2.49% of First Western Capital Management Co’s portfolio.Ct Financial Advisors reduced its stake in MCD by selling 2,438 shares or 10.77% in the most recent quarter. The Hedge Fund company now holds 20,194 shares of MCD which is valued at $2,449,734. McDonald's Corporation makes up approx 1.53% of Ct Financial Advisors’s portfolio.
McDonald's Corporation closed down -0.06 points or -0.05% at $119.42 with 62,33,232 shares getting traded on Thursday. Post opening the session at $119.59, the shares hit an intraday low of $118.36 and an intraday high of $120.18 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, McDonald's Corporation reported $1.45 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $1.39. The company had revenue of $6265.00 million for the quarter, compared to analysts expectations of $6265.41 million. The company’s revenue was down -3.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.26 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.