McDonald's Corporation (MCD) : Aviance Capital Management scooped up 50,231 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 26, 2016. The investment management firm now holds a total of 201,664 shares of McDonald's Corporation which is valued at $24,094,815.McDonald's Corporation makes up approximately 0.72% of Aviance Capital Management’s portfolio.
Other Hedge Funds, Including , Umb Bank N Amo boosted its stake in MCD in the latest quarter, The investment management firm added 36,421 additional shares and now holds a total of 146,652 shares of McDonald's Corporation which is valued at $17,521,981. McDonald's Corporation makes up approx 0.72% of Umb Bank N Amo’s portfolio.Robeco Institutional Asset Management B.v. boosted its stake in MCD in the latest quarter, The investment management firm added 268,464 additional shares and now holds a total of 1,074,266 shares of McDonald's Corporation which is valued at $137,785,357. McDonald's Corporation makes up approx 1.01% of Robeco Institutional Asset Management B.v.’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.First Hawaiian Bank reduced its stake in MCD by selling 350 shares or 3.94% in the most recent quarter. The Hedge Fund company now holds 8,542 shares of MCD which is valued at $1,049,128. McDonald's Corporation makes up approx 0.18% of First Hawaiian Bank’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.
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.