McDonald's Corporation (MCD) : Delta Capital Management reduced its stake in McDonald's Corporation by 11.25% during the most recent quarter end. The investment management company now holds a total of 26,224 shares of McDonald's Corporation which is valued at $3,081,844 after selling 3,323 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 2.31% of Delta Capital Management’s portfolio.
Other Hedge Funds, Including , Btc Capital Management added MCD to its portfolio by purchasing 1,860 company shares during the most recent quarter which is valued at $218,587. McDonald's Corporation makes up approx 0.05% of Btc Capital Management’s portfolio.Kornitzer Capital Management Inc Ks reduced its stake in MCD by selling 13,691 shares or 3.98% in the most recent quarter. The Hedge Fund company now holds 329,959 shares of MCD which is valued at $38,819,676. McDonald's Corporation makes up approx 0.70% of Kornitzer Capital Management Inc Ks’s portfolio.Duff Phelps Investment Management Co reduced its stake in MCD by selling 420 shares or 3.41% in the most recent quarter. The Hedge Fund company now holds 11,900 shares of MCD which is valued at $1,400,035. McDonald's Corporation makes up approx 0.02% of Duff Phelps Investment Management Co’s portfolio.Laurel Grove Capital reduced its stake in MCD by selling 11,210 shares or 62.75% in the most recent quarter. The Hedge Fund company now holds 6,655 shares of MCD which is valued at $853,570. McDonald's Corporation makes up approx 0.50% of Laurel Grove Capital’s portfolio.Marathon Asset Management Llp boosted its stake in MCD in the latest quarter, The investment management firm added 11,444 additional shares and now holds a total of 619,932 shares of McDonald's Corporation which is valued at $76,747,582. McDonald's Corporation makes up approx 1.59% of Marathon Asset Management Llp’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.
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.