McDonald's Corporation (MCD) : Everence Capital Management Inc reduced its stake in McDonald's Corporation by 7.65% during the most recent quarter end. The investment management company now holds a total of 21,370 shares of McDonald's Corporation which is valued at $2,511,402 after selling 1,770 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 0.75% of Everence Capital Management Inc’s portfolio.
Other Hedge Funds, Including , Bank Of Hawaii reduced its stake in MCD by selling 5,958 shares or 6.99% in the most recent quarter. The Hedge Fund company now holds 79,289 shares of MCD which is valued at $9,318,043. McDonald's Corporation makes up approx 0.98% of Bank Of Hawaii’s portfolio.Northwest Investment Counselors reduced its stake in MCD by selling 227 shares or 1.53% in the most recent quarter. The Hedge Fund company now holds 14,580 shares of MCD which is valued at $1,870,031. McDonald's Corporation makes up approx 0.99% of Northwest Investment Counselors’s portfolio. Premier Asset Managment added MCD to its portfolio by purchasing 3,394 company shares during the most recent quarter which is valued at $427,848. McDonald's Corporation makes up approx 0.10% of Premier Asset Managment’s portfolio.Capital Analysts boosted its stake in MCD in the latest quarter, The investment management firm added 25 additional shares and now holds a total of 6,287 shares of McDonald's Corporation which is valued at $778,331. McDonald's Corporation makes up approx 0.15% of Capital Analysts’s portfolio.Nn Investment Partners Holdings N.v. boosted its stake in MCD in the latest quarter, The investment management firm added 607,056 additional shares and now holds a total of 1,161,699 shares of McDonald's Corporation which is valued at $142,679,871. McDonald's Corporation makes up approx 1.31% of Nn Investment Partners Holdings N.v.’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.