McDonald's Corporation (MCD) : Exxonmobil Investment Management Inc Tx reduced its stake in McDonald's Corporation by 4.11% during the most recent quarter end. The investment management company now holds a total of 217,894 shares of McDonald's Corporation which is valued at $24,720,074 after selling 9,340 shares in McDonald's Corporation , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.McDonald's Corporation makes up approximately 0.52% of Exxonmobil Investment Management Inc Tx’s portfolio.
Other Hedge Funds, Including , Central Bank Trust Co boosted its stake in MCD in the latest quarter, The investment management firm added 85 additional shares and now holds a total of 2,483 shares of McDonald's Corporation which is valued at $281,696. McDonald's Corporation makes up approx 0.08% of Central Bank Trust Co’s portfolio.Hefty Wealth Partners boosted its stake in MCD in the latest quarter, The investment management firm added 359 additional shares and now holds a total of 696 shares of McDonald's Corporation which is valued at $78,933. McDonald's Corporation makes up approx 0.06% of Hefty Wealth Partners’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.Cullinan Associates Inc reduced its stake in MCD by selling 1,900 shares or 3.15% in the most recent quarter. The Hedge Fund company now holds 58,400 shares of MCD which is valued at $6,623,144. McDonald's Corporation makes up approx 0.57% of Cullinan Associates Inc’s portfolio.
McDonald's Corporation closed down -0.47 points or -0.41% at $113.45 with 41,53,139 shares getting traded on Friday. Post opening the session at $113.97, the shares hit an intraday low of $113.22 and an intraday high of $114.34 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.
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.
McDonalds Corporation operates and franchises McDonalds restaurants. McDonalds 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 Companys operations in Canada and Latin America as well as its Corporate activities are reported under Other Countries & Corporate. The Companys 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. McDonalds franchised restaurants are owned and operated under one of the following structures: conventional franchise developmental license or affiliate.