British Columbia Investment Management Corp Lowers stake in McDonald's Corporation (MCD)

McDonald's Corporation (MCD) : British Columbia Investment Management Corp reduced its stake in McDonald's Corporation by 13.46% during the most recent quarter end. The investment management company now holds a total of 439,390 shares of McDonald's Corporation which is valued at $49,949,855 after selling 68,347 shares in McDonald's Corporation , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.McDonald's Corporation makes up approximately 0.51% of British Columbia Investment Management Corp’s portfolio.

Other Hedge Funds, Including , Legal General Group Plc reduced its stake in MCD by selling 264,185 shares or 5.99% in the most recent quarter. The Hedge Fund company now holds 4,148,130 shares of MCD which is valued at $471,559,418. McDonald's Corporation makes up approx 0.49% of Legal General Group Plc’s portfolio.Beacon Capital Management reduced its stake in MCD by selling 905 shares or 86.6% in the most recent quarter. The Hedge Fund company now holds 140 shares of MCD which is valued at $16,059.Trust Co Of Oklahoma reduced its stake in MCD by selling 50 shares or 1.42% in the most recent quarter. The Hedge Fund company now holds 3,475 shares of MCD which is valued at $394,239. McDonald's Corporation makes up approx 0.22% of Trust Co Of Oklahoma’s portfolio.Acropolis Investment Management reduced its stake in MCD by selling 425 shares or 7.51% in the most recent quarter. The Hedge Fund company now holds 5,235 shares of MCD which is valued at $593,701. McDonald's Corporation makes up approx 0.11% of Acropolis Investment Management’s portfolio.Washington Trust Bank reduced its stake in MCD by selling 653 shares or 10.54% in the most recent quarter. The Hedge Fund company now holds 5,542 shares of MCD which is valued at $628,518. McDonald's Corporation makes up approx 0.15% of Washington Trust Bank’s portfolio.

McDonald's Corporation closed down -1.03 points or -0.90% at $113.68 with 39,43,282 shares getting traded on Tuesday. Post opening the session at $114.65, the shares hit an intraday low of $113.56 and an intraday high of $115.23 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 Sep 29, 2016, McDonald's Corporation announced a cash dividend of $0.9400. The company’s management has announced Nov 29, 2016 as the ex-dividend date and fixed the record date on Dec 1, 2016. The payable date has been fixed on Dec 15, 2016.

Many Wall Street Analysts have commented on McDonald's Corporation. Telsey Advisory Group Resumed McDonald's Corporation on Oct 10, 2016 to “Outperform”, Price Target of the shares are set at $130.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.

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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