McDonald's Corporation (MCD) : Nuveen Fund Advisors scooped up 1,033 additional shares in McDonald's Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 60,033 shares of McDonald's Corporation which is valued at $7,175,144.McDonald's Corporation makes up approximately 1.07% of Nuveen Fund Advisors’s portfolio.
Other Hedge Funds, Including , 1832 Asset Management boosted its stake in MCD in the latest quarter, The investment management firm added 31,876 additional shares and now holds a total of 3,253,463 shares of McDonald's Corporation which is valued at $388,853,898. McDonald's Corporation makes up approx 1.45% of 1832 Asset Management’s portfolio.Choate Investment Advisors reduced its stake in MCD by selling 4,052 shares or 9.73% in the most recent quarter. The Hedge Fund company now holds 37,597 shares of MCD which is valued at $4,493,593. McDonald's Corporation makes up approx 0.30% of Choate Investment Advisors’s portfolio.Frontier Wealth Management reduced its stake in MCD by selling 100 shares or 0.57% in the most recent quarter. The Hedge Fund company now holds 17,365 shares of MCD which is valued at $2,075,465. McDonald's Corporation makes up approx 0.29% of Frontier Wealth Management’s portfolio.Keating Investment Counselors Inc boosted its stake in MCD in the latest quarter, The investment management firm added 2,200 additional shares and now holds a total of 6,030 shares of McDonald's Corporation which is valued at $708,646. McDonald's Corporation makes up approx 0.35% of Keating Investment Counselors Inc’s portfolio.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.
McDonald's Corporation opened for trading at $114.6 and hit $115.65 on the upside on Monday, eventually ending the session at $115.41, with a gain of 0.85% or 0.97 points. The heightened volatility saw the trading volume jump to 49,82,952 shares. Company has a market cap of $98,487 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. 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.