Wendell David Associates Inc Lowers stake in McDonald's Corporation (MCD)

McDonald's Corporation (MCD) : Wendell David Associates Inc reduced its stake in McDonald's Corporation by 2.94% during the most recent quarter end. The investment management company now holds a total of 89,017 shares of McDonald's Corporation which is valued at $11,221,483 after selling 2,700 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 2.15% of Wendell David Associates Inc’s portfolio.

Other Hedge Funds, Including , Trust Co Of Vermont reduced its stake in MCD by selling 628 shares or 1.12% in the most recent quarter. The Hedge Fund company now holds 55,299 shares of MCD which is valued at $6,970,992. McDonald's Corporation makes up approx 0.90% of Trust Co Of Vermont’s portfolio.Braver Wealth Management reduced its stake in MCD by selling 1 shares or 0.02% in the most recent quarter. The Hedge Fund company now holds 4,593 shares of MCD which is valued at $564,112. McDonald's Corporation makes up approx 0.09% of Braver Wealth Management’s portfolio.Mutual Of Omaha Bank Wealth Management boosted its stake in MCD in the latest quarter, The investment management firm added 2,316 additional shares and now holds a total of 16,146 shares of McDonald's Corporation which is valued at $1,983,052. McDonald's Corporation makes up approx 0.65% of Mutual Of Omaha Bank Wealth Management’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in MCD in the latest quarter, The investment management firm added 7,714 additional shares and now holds a total of 227,234 shares of McDonald's Corporation which is valued at $27,565,757. McDonald's Corporation makes up approx 0.57% of Exxonmobil Investment Management Inc Tx’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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