McDonald's Corporation (MCD) : Harwood Advisory Group has sold out all of its stake in McDonald's Corporation during the most recent quarter, according to the disclosure filed by the company on Oct 14, 2016 with the SEC. The investment management company has sold out 16,063 shares of McDonald's Corporation which is valued at $1,832,628.
Other Hedge Funds, Including , Private Trust Co Na boosted its stake in MCD in the latest quarter, The investment management firm added 1,291 additional shares and now holds a total of 21,803 shares of McDonald's Corporation which is valued at $2,516,284. McDonald's Corporation makes up approx 0.62% of Private Trust Co Na’s portfolio.Private Bank Trust Co boosted its stake in MCD in the latest quarter, The investment management firm added 4,687 additional shares and now holds a total of 17,497 shares of McDonald's Corporation which is valued at $2,019,329. McDonald's Corporation makes up approx 0.31% of Private Bank Trust Co’s portfolio.At Bancorp reduced its stake in MCD by selling 64 shares or 2.06% in the most recent quarter. The Hedge Fund company now holds 3,045 shares of MCD which is valued at $351,423. McDonald's Corporation makes up approx 0.05% of At Bancorp’s portfolio.Keystone Financial Planning reduced its stake in MCD by selling 23 shares or 0.19% in the most recent quarter. The Hedge Fund company now holds 12,288 shares of MCD which is valued at $1,396,900. McDonald's Corporation makes up approx 0.94% of Keystone Financial Planning’s portfolio.
McDonald's Corporation closed down -1.32 points or -1.14% at $114.09 with 53,12,532 shares getting traded on Friday. Post opening the session at $114.9, the shares hit an intraday low of $114.07 and an intraday high of $115.11 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 Sep 29, 2016, McDonald's Corporation announced a cash dividend of $0.9400. The company’s management has announced Nov 29, 2016 as the ex-dividend date and fixed the record date on Dec 1, 2016. The payable date has been fixed on Dec 15, 2016.
Many Wall Street Analysts have commented on McDonald's Corporation. Telsey Advisory Group Resumed McDonald's Corporation on Oct 10, 2016 to “Outperform”, Price Target of the shares are set at $130.Company shares were Upgraded by Robert W. Baird on Aug 30, 2016 to ” Outperform”, Firm has raised the Price Target to $ 128 from a previous price target of $126 .McDonald's Corporation was Downgraded by Argus to ” Hold” on Aug 15, 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.