McDonald's Corporation (MCD) : North American Management Corp reduced its stake in McDonald's Corporation by 30.65% during the most recent quarter end. The investment management company now holds a total of 46,358 shares of McDonald's Corporation which is valued at $5,843,889 after selling 20,488 shares in McDonald's Corporation , the firm said in a disclosure report filed with the SEC on Jul 18, 2016.McDonald's Corporation makes up approximately 0.94% of North American Management Corp’s portfolio.
Other Hedge Funds, Including , Barrett Asset Management boosted its stake in MCD in the latest quarter, The investment management firm added 831 additional shares and now holds a total of 97,646 shares of McDonald's Corporation which is valued at $12,309,255. McDonald's Corporation makes up approx 1.03% of Barrett Asset Management’s portfolio.Mitchell Mcleod Pugh Williams Inc boosted its stake in MCD in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 4,598 shares of McDonald's Corporation which is valued at $569,232. McDonald's Corporation makes up approx 0.42% of Mitchell Mcleod Pugh Williams Inc’s portfolio.Quotient Investors reduced its stake in MCD by selling 8,214 shares or 40.84% in the most recent quarter. The Hedge Fund company now holds 11,900 shares of MCD which is valued at $1,461,558. McDonald's Corporation makes up approx 0.67% of Quotient Investors’s portfolio.Churchill Management Corp boosted its stake in MCD in the latest quarter, The investment management firm added 12,132 additional shares and now holds a total of 134,893 shares of McDonald's Corporation which is valued at $16,363,870. McDonald's Corporation makes up approx 1.06% of Churchill Management Corp’s portfolio. Cohen Lawrence B added MCD to its portfolio by purchasing 1,995 company shares during the most recent quarter which is valued at $242,013. McDonald's Corporation makes up approx 0.14% of Cohen Lawrence B’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.