Simplex Trading adds McDonald's Corporation (MCD) to its portfolio

McDonald's Corporation (MCD) : Simplex Trading added new position in McDonald's Corporation during the most recent quarter end. The investment management firm now holds 44,680 shares of McDonald's Corporation which is valued at $5,632,361 , the company said in a statement filed on Jul 18, 2016 with the SEC.McDonald's Corporation makes up approximately 0.71% of Simplex Trading’s portfolio.

Other Hedge Funds, Including , Barrett Asset Management boosted its stake in MCD in the latest quarter, The investment management firm added 831 additional shares and now holds a total of 97,646 shares of McDonald's Corporation which is valued at $12,309,255. McDonald's Corporation makes up approx 1.03% of Barrett Asset Management’s portfolio.Eastern Bank reduced its stake in MCD by selling 258 shares or 2.08% in the most recent quarter. The Hedge Fund company now holds 12,150 shares of MCD which is valued at $1,504,170. McDonald's Corporation makes up approx 0.12% of Eastern Bank’s portfolio. Pensionfund Sabic added MCD to its portfolio by purchasing 25,800 company shares during the most recent quarter which is valued at $3,115,608. McDonald's Corporation makes up approx 0.94% of Pensionfund Sabic’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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

McDonald's Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on McDonald's Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.