Sirios Capital Management L P buys $51,758,016 stake in McDonald's Corporation (MCD)

McDonald's Corporation (MCD) : Sirios Capital Management L P scooped up 118,701 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 10, 2016. The investment management firm now holds a total of 433,049 shares of McDonald's Corporation which is valued at $51,758,016.McDonald's Corporation makes up approximately 2.38% of Sirios Capital Management L P’s portfolio.

Other Hedge Funds, Including , Highpoint Advisor Group boosted its stake in MCD in the latest quarter, The investment management firm added 11,477 additional shares and now holds a total of 32,740 shares of McDonald's Corporation which is valued at $3,913,085. McDonald's Corporation makes up approx 1.38% of Highpoint Advisor Group’s portfolio.Tci Wealth Advisors reduced its stake in MCD by selling 246 shares or 0.95% in the most recent quarter. The Hedge Fund company now holds 25,612 shares of MCD which is valued at $3,057,561. McDonald's Corporation makes up approx 1.64% of Tci Wealth Advisors’s portfolio.Tocqueville Asset Management reduced its stake in MCD by selling 146,856 shares or 23.37% in the most recent quarter. The Hedge Fund company now holds 481,488 shares of MCD which is valued at $56,647,063. McDonald's Corporation makes up approx 0.71% of Tocqueville Asset Management’s portfolio.Conning reduced its stake in MCD by selling 3,675 shares or 1.75% in the most recent quarter. The Hedge Fund company now holds 206,040 shares of MCD which is valued at $24,617,659. McDonald's Corporation makes up approx 1.02% of Conning’s portfolio.

McDonald's Corporation closed down -2.12 points or -1.81% at $115.01 with 70,65,676 shares getting traded on Friday. Post opening the session at $116.8, the shares hit an intraday low of $115 and an intraday high of $116.8 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

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.

Leave a Reply

McDonald's Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on McDonald's Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.