California State Teachers Retirement System Lowers stake in McDonald's Corporation (MCD)

McDonald's Corporation (MCD) : California State Teachers Retirement System reduced its stake in McDonald's Corporation by 0.6% during the most recent quarter end. The investment management company now holds a total of 1,864,910 shares of McDonald's Corporation which is valued at $219,164,223 after selling 11,296 shares in McDonald's Corporation , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.McDonald's Corporation makes up approximately 0.46% of California State Teachers Retirement System’s portfolio.

Other Hedge Funds, Including , Hussman Strategic Advisors reduced its stake in MCD by selling 25,000 shares or 25.0% in the most recent quarter. The Hedge Fund company now holds 75,000 shares of MCD which is valued at $8,814,000. McDonald's Corporation makes up approx 1.30% of Hussman Strategic Advisors’s portfolio.Sonora Investment Management reduced its stake in MCD by selling 335 shares or 32.75% in the most recent quarter. The Hedge Fund company now holds 688 shares of MCD which is valued at $85,174. McDonald's Corporation makes up approx 0.05% of Sonora Investment Management’s portfolio.Neville Rodie Shaw Inc reduced its stake in MCD by selling 775 shares or 1.05% in the most recent quarter. The Hedge Fund company now holds 72,742 shares of MCD which is valued at $8,934,172. McDonald's Corporation makes up approx 1.04% of Neville Rodie Shaw Inc’s portfolio.Lj Trust Co reduced its stake in MCD by selling 3,950 shares or 10.72% in the most recent quarter. The Hedge Fund company now holds 32,900 shares of MCD which is valued at $4,040,778. McDonald's Corporation makes up approx 0.61% of Lj Trust Co’s portfolio.

McDonald's Corporation opened for trading at $117.85 and hit $118.55 on the upside on Thursday, eventually ending the session at $118.3, with a gain of 0.66% or 0.78 points. The heightened volatility saw the trading volume jump to 43,13,219 shares. Company has a market cap of $103,851 M.

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. 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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