McDonald's Corporation (MCD) : Godsey Gibb Associates reduced its stake in McDonald's Corporation by 3.91% during the most recent quarter end. The investment management company now holds a total of 121,144 shares of McDonald's Corporation which is valued at $14,479,131 after selling 4,928 shares in McDonald's Corporation , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.McDonald's Corporation makes up approximately 2.54% of Godsey Gibb Associates’s portfolio.
Other Hedge Funds, Including , Gideon Capital Advisors added MCD to its portfolio by purchasing 2,199 company shares during the most recent quarter which is valued at $262,824. McDonald's Corporation makes up approx 0.15% of Gideon Capital Advisors’s portfolio.Capital Advantage reduced its stake in MCD by selling 79 shares or 2.34% in the most recent quarter. The Hedge Fund company now holds 3,303 shares of MCD which is valued at $394,312. McDonald's Corporation makes up approx 0.11% of Capital Advantage’s portfolio.Sheaff Brock Investment Advisors reduced its stake in MCD by selling 1,189 shares or 6.46% in the most recent quarter. The Hedge Fund company now holds 17,225 shares of MCD which is valued at $2,053,392. McDonald's Corporation makes up approx 0.25% of Sheaff Brock Investment Advisors’s portfolio.Great West Life Assurance Co Can reduced its stake in MCD by selling 49,798 shares or 2.69% in the most recent quarter. The Hedge Fund company now holds 1,804,111 shares of MCD which is valued at $212,019,125. McDonald's Corporation makes up approx 0.62% of Great West Life Assurance Co Can’s portfolio.St. Johns Investment Management Company reduced its stake in MCD by selling 101 shares or 0.9% in the most recent quarter. The Hedge Fund company now holds 11,117 shares of MCD which is valued at $1,401,409. McDonald's Corporation makes up approx 1.23% of St. Johns Investment Management Company’s portfolio.
McDonald's Corporation closed down -0.23 points or -0.20% at $115.19 with 43,04,219 shares getting traded on Tuesday. Post opening the session at $115.91, the shares hit an intraday low of $115.05 and an intraday high of $116.12 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.
Investors should note that on Jul 28, 2016, McDonald's Corporation announced a cash dividend of $0.8900. The company’s management has announced Aug 30, 2016 as the ex-dividend date and fixed the record date on Sep 1, 2016. The payable date has been fixed on Sep 16, 2016.
Many Wall Street Analysts have commented on McDonald's Corporation. McDonald's Corporation was Downgraded by Argus to ” Hold” on Aug 15, 2016. Shares were Reiterated by Deutsche Bank on Jul 27, 2016 to “Buy” and Lowered the Price Target to $ 135 from a previous price target of $140 .McDonald's Corporation was Downgraded by Nomura to ” Neutral” on Jun 22, 2016.
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.