Regret the delay in getting back on this. The issue was confirmed to be resolved in version 16.0 R12. The latest version available currently is 16.0 R15 and this issue shouldn't be happening anymore.
Please let us know the version of McAfee in which you are still facing this isue and confirm if it is mmsshost.exe which is consuming high CPU usage.
My mcafee is fully updated to last version. I talked to mcafee support 2 times both times they told me to reinstall mcafee completely.. i did that twice... still have the same issue. So its not fixed. I'm giving you a couple of days for you guys to fix me this s*** before i change my antivirus.