McDonald's Corporation (MCD) : Bell State Bank Trust scooped up 2,026 additional shares in McDonald's Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 38,219 shares of McDonald's Corporation which is valued at $4,567,935.McDonald's Corporation makes up approximately 2.58% of Bell State Bank Trust’s portfolio.
Other Hedge Funds, Including , Pictet Bank Trust Ltd sold out all of its stake in MCD during the most recent quarter. The investment firm sold 3,140 shares of MCD which is valued $375,293.Obermeyer Wood Investment Counsel Lllp reduced its stake in MCD by selling 12,325 shares or 2.72% in the most recent quarter. The Hedge Fund company now holds 441,223 shares of MCD which is valued at $51,852,527. McDonald's Corporation makes up approx 4.92% of Obermeyer Wood Investment Counsel Lllp’s portfolio.Argus Investors’ Counsel reduced its stake in MCD by selling 2,925 shares or 6.69% in the most recent quarter. The Hedge Fund company now holds 40,815 shares of MCD which is valued at $4,876,576. McDonald's Corporation makes up approx 1.98% of Argus Investors’ Counsel’s portfolio.Hartford Investment Management Co reduced its stake in MCD by selling 10,664 shares or 4.34% in the most recent quarter. The Hedge Fund company now holds 235,251 shares of MCD which is valued at $30,173,293. McDonald's Corporation makes up approx 0.62% of Hartford Investment Management Co’s portfolio.Quotient Investors reduced its stake in MCD by selling 8,214 shares or 40.84% in the most recent quarter. The Hedge Fund company now holds 11,900 shares of MCD which is valued at $1,461,558. McDonald's Corporation makes up approx 0.67% of Quotient Investors’s portfolio.
McDonald's Corporation closed down -2.12 points or -1.81% at $115.01 with 70,65,676 shares getting traded on Friday. Post opening the session at $116.8, the shares hit an intraday low of $115 and an intraday high of $116.8 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 Jul 28, 2016, McDonald's Corporation announced a cash dividend of $0.8900. The company’s management has announced Aug 30, 2016 as the ex-dividend date and fixed the record date on Sep 1, 2016. The payable date has been fixed on Sep 16, 2016.
Many Wall Street Analysts have commented on McDonald's Corporation. 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 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.