Integrated Wealth Management Lowers stake in McDonald's Corporation (MCD)

McDonald's Corporation (MCD) : Integrated Wealth Management reduced its stake in McDonald's Corporation by 0.06% during the most recent quarter end. The investment management company now holds a total of 29,570 shares of McDonald's Corporation which is valued at $3,475,066 after selling 19 shares in McDonald's Corporation , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.McDonald's Corporation makes up approximately 1.32% of Integrated Wealth Management’s portfolio.

Other Hedge Funds, Including , Zurcher Kantonalbank (zurich Cantonalbank) boosted its stake in MCD in the latest quarter, The investment management firm added 33,557 additional shares and now holds a total of 438,585 shares of McDonald's Corporation which is valued at $51,542,509. McDonald's Corporation makes up approx 0.66% of Zurcher Kantonalbank (zurich Cantonalbank)’s portfolio.Pggm Investments reduced its stake in MCD by selling 297,305 shares or 28.23% in the most recent quarter. The Hedge Fund company now holds 755,735 shares of MCD which is valued at $90,295,218. McDonald's Corporation makes up approx 0.45% of Pggm Investments’s portfolio.Chesley Taft Associates boosted its stake in MCD in the latest quarter, The investment management firm added 1,320 additional shares and now holds a total of 33,570 shares of McDonald's Corporation which is valued at $4,305,688. McDonald's Corporation makes up approx 0.43% of Chesley Taft Associates’s portfolio.First American Trust Fsb reduced its stake in MCD by selling 1,554 shares or 3.38% in the most recent quarter. The Hedge Fund company now holds 44,438 shares of MCD which is valued at $5,390,774. McDonald's Corporation makes up approx 1.88% of First American Trust Fsb’s portfolio.

McDonald's Corporation opened for trading at $117.85 and hit $118.55 on the upside on Thursday, eventually ending the session at $118.3, with a gain of 0.66% or 0.78 points. The heightened volatility saw the trading volume jump to 43,13,219 shares. Company has a market cap of $103,851 M.

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. 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.

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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