Highfields Capital Management Lp Lowers stake in McDonald's Corporation (MCD)

McDonald's Corporation (MCD) : Highfields Capital Management Lp reduced its stake in McDonald's Corporation by 60.03% during the most recent quarter end. The investment management company now holds a total of 4,756,186 shares of McDonald's Corporation which is valued at $568,459,351 after selling 7,144,360 shares in McDonald's Corporation , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.McDonald's Corporation makes up approximately 5.43% of Highfields Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Ahl Partners Llp reduced its stake in MCD by selling 2,231 shares or 30.1% in the most recent quarter. The Hedge Fund company now holds 5,180 shares of MCD which is valued at $619,114. McDonald's Corporation makes up approx 0.04% of Ahl Partners Llp’s portfolio.Burgundy Asset Management Ltd. reduced its stake in MCD by selling 227,749 shares or 16.23% in the most recent quarter. The Hedge Fund company now holds 1,175,173 shares of MCD which is valued at $140,456,677. McDonald's Corporation makes up approx 1.35% of Burgundy Asset Management Ltd.’s portfolio.Parkside Financial Bank Trust reduced its stake in MCD by selling 141 shares or 4.55% in the most recent quarter. The Hedge Fund company now holds 2,956 shares of MCD which is valued at $347,389. McDonald's Corporation makes up approx 0.17% of Parkside Financial Bank Trust’s portfolio.Pitcairn Co reduced its stake in MCD by selling 462 shares or 2.75% in the most recent quarter. The Hedge Fund company now holds 16,312 shares of MCD which is valued at $1,948,958. McDonald's Corporation makes up approx 0.25% of Pitcairn Co’s portfolio.

McDonald's Corporation closed down -0.26 points or -0.22% at $115.4 with 39,66,619 shares getting traded on Thursday. Post opening the session at $115.51, the shares hit an intraday low of $114.86 and an intraday high of $115.8147 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.

Many Wall Street Analysts have commented on McDonald's Corporation. Company shares were Upgraded by Robert W. Baird on Aug 30, 2016 to ” Outperform”, Firm has raised the Price Target to $ 128 from a previous price target of $126 .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 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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