Sciencast Management Lp buys $738,393 stake in McDonald's Corporation (MCD)

McDonald's Corporation (MCD) : Sciencast Management Lp scooped up 2,215 additional shares in McDonald's Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 6,265 shares of McDonald's Corporation which is valued at $738,393.McDonald's Corporation makes up approximately 2.16% of Sciencast Management Lp’s portfolio.

Other Hedge Funds, Including , First Republic Investment Management boosted its stake in MCD in the latest quarter, The investment management firm added 1,498 additional shares and now holds a total of 147,761 shares of McDonald's Corporation which is valued at $17,415,111. McDonald's Corporation makes up approx 0.16% of First Republic Investment Management’s portfolio.Nordea Investment Management Ab reduced its stake in MCD by selling 677 shares or 0.61% in the most recent quarter. The Hedge Fund company now holds 109,572 shares of MCD which is valued at $12,314,797. McDonald's Corporation makes up approx 0.03% of Nordea Investment Management Ab’s portfolio.Physicians Financial Services boosted its stake in MCD in the latest quarter, The investment management firm added 402 additional shares and now holds a total of 19,065 shares of McDonald's Corporation which is valued at $2,142,715. McDonald's Corporation makes up approx 1.85% of Physicians Financial Services’s portfolio.

McDonald's Corporation opened for trading at $119.26 and hit $120.24 on the upside on Monday, eventually ending the session at $120, with a gain of 0.46% or 0.55 points. The heightened volatility saw the trading volume jump to 36,55,358 shares. Company has a market cap of $99,653 M.

On the company’s financial health, McDonald's Corporation reported $1.62 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Oct 21, 2016. Analyst had a consensus of $1.48. The company had revenue of $6424.00 million for the quarter, compared to analysts expectations of $6277.56 million. The company’s revenue was down -2.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.40 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. Shares were Reiterated by Nomura on Oct 17, 2016 to “Neutral” and Lowered the Price Target to $ 122 from a previous price target of $129 .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 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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