Investment Counsel Lowers stake in McDonald's Corporation (MCD)

McDonald's Corporation (MCD) : Investment Counsel reduced its stake in McDonald's Corporation by 2.89% during the most recent quarter end. The investment management company now holds a total of 19,716 shares of McDonald's Corporation which is valued at $2,485,399 after selling 587 shares in McDonald's Corporation , the firm said in a disclosure report filed with the SEC on Jul 18, 2016.McDonald's Corporation makes up approximately 1.95% of Investment Counsel’s portfolio.

Other Hedge Funds, Including , Highland Capital Management boosted its stake in MCD in the latest quarter, The investment management firm added 270 additional shares and now holds a total of 3,870 shares of McDonald's Corporation which is valued at $487,852. McDonald's Corporation makes up approx 0.04% of Highland Capital Management’s portfolio. Campbell Newman Asset Management Inc added MCD to its portfolio by purchasing 27,699 company shares during the most recent quarter which is valued at $3,401,991. McDonald's Corporation makes up approx 0.60% of Campbell Newman Asset Management Inc’s portfolio.Integrated Investment Consultants boosted its stake in MCD in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 5,637 shares of McDonald's Corporation which is valued at $680,724. McDonald's Corporation makes up approx 0.36% of Integrated Investment Consultants’s portfolio.

McDonald's Corporation closed down -0.44 points or -0.35% at $126.06 with 33,53,313 shares getting traded on Wednesday. Post opening the session at $126.84, the shares hit an intraday low of $125.56 and an intraday high of $126.87 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, McDonald's Corporation reported $1.23 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Apr 22, 2016. Analyst had a consensus of $1.17. The company had revenue of $5904.00 million for the quarter, compared to analysts expectations of $5821.41 million. The company’s revenue was down -.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.01 EPS.

Many Wall Street Analysts have commented on McDonald's Corporation. McDonald's Corporation was Downgraded by Nomura to ” Neutral” on Jun 22, 2016. Company shares were Reiterated by Deutsche Bank on Apr 25, 2016 to “Buy”, Firm has raised the Price Target to $ 140 from a previous price target of $135 .Company shares were Reiterated by RBC Capital Mkts on Apr 25, 2016 to “Outperform”, Firm has raised the Price Target to $ 140 from a previous price target of $135 .

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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