Indiana Trust Investment Management Co Lowers stake in McDonald's Corporation (MCD)

McDonald's Corporation (MCD) : Indiana Trust Investment Management Co reduced its stake in McDonald's Corporation by 9.11% during the most recent quarter end. The investment management company now holds a total of 11,978 shares of McDonald's Corporation which is valued at $1,358,425 after selling 1,200 shares in McDonald's Corporation , the firm said in a disclosure report filed with the SEC on Oct 5, 2016.McDonald's Corporation makes up approximately 0.71% of Indiana Trust Investment Management Co’s portfolio.

Other Hedge Funds, Including , Franklin Street Advisors Inc Nc boosted its stake in MCD in the latest quarter, The investment management firm added 6,606 additional shares and now holds a total of 47,634 shares of McDonald's Corporation which is valued at $5,402,172. McDonald's Corporation makes up approx 0.99% of Franklin Street Advisors Inc Nc’s portfolio. Eqis Capital Management added MCD to its portfolio by purchasing 2,236 company shares during the most recent quarter which is valued at $253,585. McDonald's Corporation makes up approx 0.02% of Eqis Capital Management’s portfolio.West Oak Capital boosted its stake in MCD in the latest quarter, The investment management firm added 450 additional shares and now holds a total of 5,650 shares of McDonald's Corporation which is valued at $640,767. McDonald's Corporation makes up approx 0.44% of West Oak Capital’s portfolio.Harbour Capital Advisors reduced its stake in MCD by selling 315 shares or 4.44% in the most recent quarter. The Hedge Fund company now holds 6,781 shares of MCD which is valued at $769,033. McDonald's Corporation makes up approx 0.41% of Harbour Capital Advisors’s portfolio.Lvm Capital Management Ltdmi boosted its stake in MCD in the latest quarter, The investment management firm added 90 additional shares and now holds a total of 3,310 shares of McDonald's Corporation which is valued at $375,387. McDonald's Corporation makes up approx 0.12% of Lvm Capital Management Ltdmi’s portfolio.

McDonald's Corporation closed down -1.14 points or -0.99% at $113.5 with 47,42,913 shares getting traded on Tuesday. Post opening the session at $114.99, the shares hit an intraday low of $113.42 and an intraday high of $115.51 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. 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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