Shell Asset Management Co buys $40,121,265 stake in McDonald's Corporation (MCD)

McDonald's Corporation (MCD) : Shell Asset Management Co scooped up 18,539 additional shares in McDonald's Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 25, 2016. The investment management firm now holds a total of 335,799 shares of McDonald's Corporation which is valued at $40,121,265.McDonald's Corporation makes up approximately 0.93% of Shell Asset Management Co’s portfolio.

Other Hedge Funds, Including , Louisiana State Employees Retirement System reduced its stake in MCD by selling 2,700 shares or 4.48% in the most recent quarter. The Hedge Fund company now holds 57,600 shares of MCD which is valued at $6,882,048. McDonald's Corporation makes up approx 0.35% of Louisiana State Employees Retirement System’s portfolio.Macguire Cheswick Tuttle Investment Counsel boosted its stake in MCD in the latest quarter, The investment management firm added 250 additional shares and now holds a total of 37,463 shares of McDonald's Corporation which is valued at $4,805,004. McDonald's Corporation makes up approx 1.03% of Macguire Cheswick Tuttle Investment Counsel’s portfolio.Woodley Farra Manion Portfolio Management Inc boosted its stake in MCD in the latest quarter, The investment management firm added 25 additional shares and now holds a total of 3,090 shares of McDonald's Corporation which is valued at $389,525. McDonald's Corporation makes up approx 0.06% of Woodley Farra Manion Portfolio Management Inc’s portfolio.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.Foundry Partners reduced its stake in MCD by selling 50,582 shares or 71.53% in the most recent quarter. The Hedge Fund company now holds 20,130 shares of MCD which is valued at $2,472,367. McDonald's Corporation makes up approx 0.23% of Foundry Partners’s portfolio.

McDonald's Corporation closed down -1.77 points or -1.48% at $117.65 with 74,60,860 shares getting traded on Friday. Post opening the session at $119.14, the shares hit an intraday low of $117.43 and an intraday high of $119.66 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.

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.

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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