Bedrijfstakpensioenfonds Voor De Media Pno buys $13,005,564 stake in McDonald's Corporation (MCD)

McDonald's Corporation (MCD) : Bedrijfstakpensioenfonds Voor De Media Pno scooped up 40,000 additional shares in McDonald's Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 21, 2016. The investment management firm now holds a total of 101,400 shares of McDonald's Corporation which is valued at $13,005,564.McDonald's Corporation makes up approximately 1.68% of Bedrijfstakpensioenfonds Voor De Media Pno’s portfolio.

Other Hedge Funds, Including , Checchi Capital Advisers boosted its stake in MCD in the latest quarter, The investment management firm added 194 additional shares and now holds a total of 10,093 shares of McDonald's Corporation which is valued at $1,294,528. McDonald's Corporation makes up approx 0.32% of Checchi Capital Advisers’s portfolio.Duncker Streett Co Inc boosted its stake in MCD in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 2,872 shares of McDonald's Corporation which is valued at $368,363. McDonald's Corporation makes up approx 0.13% of Duncker Streett Co Inc’s portfolio.Dearborn Partners boosted its stake in MCD in the latest quarter, The investment management firm added 4,557 additional shares and now holds a total of 222,558 shares of McDonald's Corporation which is valued at $28,055,661. McDonald's Corporation makes up approx 2.38% of Dearborn Partners’s portfolio. Campbell Newman Asset Management Inc added MCD to its portfolio by purchasing 27,699 company shares during the most recent quarter which is valued at $3,401,991. McDonald's Corporation makes up approx 0.60% of Campbell Newman Asset Management Inc’s portfolio.

McDonald's Corporation closed down -0.06 points or -0.05% at $119.42 with 62,33,232 shares getting traded on Thursday. Post opening the session at $119.59, the shares hit an intraday low of $118.36 and an intraday high of $120.18 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. 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. Company shares were Reiterated by Deutsche Bank on Apr 25, 2016 to “Buy”, Firm has raised the Price Target to $ 140 from a previous price target of $135 .

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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