Parthenon Lowers stake in McDonald's Corporation (MCD)

McDonald's Corporation (MCD) : Parthenon reduced its stake in McDonald's Corporation by 2.41% during the most recent quarter end. The investment management company now holds a total of 20,240 shares of McDonald's Corporation which is valued at $2,418,275 after selling 500 shares in McDonald's Corporation , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.McDonald's Corporation makes up approximately 0.60% of Parthenon’s portfolio.

Other Hedge Funds, Including , Wealthtrust Axiom boosted its stake in MCD in the latest quarter, The investment management firm added 5 additional shares and now holds a total of 2,345 shares of McDonald's Corporation which is valued at $280,181. McDonald's Corporation makes up approx 0.11% of Wealthtrust Axiom’s portfolio.Nikko Asset Management Americas boosted its stake in MCD in the latest quarter, The investment management firm added 8,500 additional shares and now holds a total of 22,700 shares of McDonald's Corporation which is valued at $2,861,562. McDonald's Corporation makes up approx 0.26% of Nikko Asset Management Americas’s portfolio.Murphy Capital Management Inc reduced its stake in MCD by selling 75 shares or 0.13% in the most recent quarter. The Hedge Fund company now holds 57,614 shares of MCD which is valued at $7,262,821. McDonald's Corporation makes up approx 1.09% of Murphy Capital Management Inc’s portfolio.Palladium Partners reduced its stake in MCD by selling 192 shares or 0.56% in the most recent quarter. The Hedge Fund company now holds 34,345 shares of MCD which is valued at $4,329,531. McDonald's Corporation makes up approx 0.38% of Palladium Partners’s portfolio.Dnb Asset Management As boosted its stake in MCD in the latest quarter, The investment management firm added 19,000 additional shares and now holds a total of 92,606 shares of McDonald's Corporation which is valued at $11,234,034. McDonald's Corporation makes up approx 0.23% of Dnb Asset Management As’s portfolio.

McDonald's Corporation closed down -1.77 points or -1.48% at $117.65 with 74,60,860 shares getting traded on Friday. Post opening the session at $119.14, the shares hit an intraday low of $117.43 and an intraday high of $119.66 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.

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.

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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