SunTrust Banks, Inc. Reiterates "Buy" Rating for McDonald's Corporation (MCD)

13 October, 2017, 23:48 | Author: Regina Silva

Company insiders own 0.24% of the company's stock. About 895,767 shares traded. McDonald's Corporation (NYSE:MCD) has risen 18.25% since October 13, 2016 and is uptrending. It has outperformed by 1.55% the S&P500. Levy Harkins & Company Inc sold 4,505 shares as Nvidia Inc. Acadian Asset Management LLC now owns 741,714 shares of the fast-food giant's stock worth $96,137,000 after purchasing an additional 30,377 shares in the last quarter. Virtus Invt Partners Inc now has $886.72M valuation. Neos Therapeutics Inc (NASDAQ:NEOS) has risen 9.07% since October 13, 2016 and is uptrending. It has outperformed by 195.58% the S&P500.

Philadelphia Financial Management Of San Francisco Llc increased Virtus Invt Partners Inc (VRTS) stake by 41.07% reported in 2017Q2 SEC filing. Agf reported 79,004 shares stake. Cvs Health Corp (NYSE:CVS) was raised too.

Investors sentiment decreased to 0.78 in Q2 2017. Its up 0.51, from 0.8 in 2017Q1. The institutional investor held 523,151 shares of the company at the end of 2017Q2, valued at $6.23 million, up from 420,566 at the end of the previous reported quarter. Rockland Trust holds 23,464 shares or 0.56% of its portfolio.

Analysts await TransDigm Group Incorporated (NYSE:TDG) to report earnings on November, 13. Boltwood Mgmt accumulated 2,572 shares. Etrade Mgmt Limited Liability Co holds 19,983 shares. First Midwest Savings Bank Tru Division has 0.81% invested in McDonald's Corporation (NYSE:MCD). Moller Fincl Ser accumulated 2,285 shares.

Just yesterday McDonald's (NYSE:MCD) traded 0.47% higher at $163.91. Toronto Dominion Natl Bank has 297,177 shares. Louisiana State Employees Retirement System holds 0.01% or 2,700 shares. Illinois-based Whitnell And has invested 1.96% in McDonald's Corporation (NYSE:MCD). Fifth Third Bancshares reported 513,067 shares stake. Moreover, Uss Mngmt Ltd has 0.07% invested in McDonald's Corporation (NYSE:MCD).

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To be clear, this does not mean the stock can't move higher in the near-to-intermediate term, but allocating fresh long-term capital in a meaningful way at this juncture in MCD stock in my eye remains a low-probability trade. Headinvest LLC increased its stake in shares of McDonald's Corporation by 19.2% during the 1st quarter. The fast-food giant reported $1.70 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.62 by $0.08. MCD's profit will be $1.41 billion for 23.63 P/E if the $1.74 EPS becomes a reality.

Among 7 analysts covering Neos Therapeutics (NASDAQ:NEOS), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 66% are positive. Neos Therapeutics had 17 analyst reports since August 17, 2015 according to SRatingsIntel. The rating was upgraded by Nomura on Monday, December 5 to "Buy". Barclays Capital maintained Monsanto Company (NYSE:MON) rating on Thursday, January 7. McDonald's Corporation now has a consensus rating of "Buy" and a consensus target price of $167.74. BidaskClub cut shares of McDonald's Corporation from a "buy" rating to a "hold" rating in a research note on Thursday, August 3rd. The company was maintained on Monday, October 9 by Wells Fargo. The company has market cap of $58.94 million. As per Tuesday, January 26, the company rating was maintained by Cowen & Co. Barclays Capital has "Equal Weight" rating and $100.0 target.

To wit, McDonald's is scheduled to report its next batch of earnings on October 24, which is to say that "trading positions" in my eye should be closed before these reports and reevaluated for new trades once earnings have passed. They expect $0.94 EPS, up 13.25% or $0.11 from last year's $0.83 per share. TDG's profit will be $164.40M for 20.92 P/E if the $3.18 EPS becomes a reality. After $0.90 actual EPS reported by CIT Group Inc. for the previous quarter, Wall Street now forecasts -10.00% negative EPS growth. Cranbrook Wealth Ltd Liability Corp reported 815 shares. TX now owns 28,274 shares of the fast-food giant's stock valued at $4,330,000 after purchasing an additional 16,315 shares during the period.

McDonald's Corporation (NYSE:MCD) last released its quarterly earnings results on Tuesday, July 25th. Therefore 53% are positive. CIT Group had 47 analyst reports since July 23, 2015 according to SRatingsIntel. The firm presently has an "outperform" rating on the fast-food giant's stock. West Oak Capital Ltd Liability Company stated it has 0% in Pioneer Floating Rate Trust (NYSE:PHD). Jefferies Group LLC restated a "hold" rating and issued a $140.00 price target on shares of McDonald's Corporation in a research report on Friday, June 16th. JMP Securities maintained it with "Market Outperform" rating and $54 target in Thursday, July 13 report. (NYSE:CIT) rating on Monday, August 15. Citigroup has "Neutral" rating and $116 target.

In related news, insider Joseph M. Erlinger sold 10,793 shares of the firm's stock in a transaction dated Wednesday, August 9th. The company was downgraded on Wednesday, February 3 by Citigroup. On Oct. 11, 2017 MCD saw a modest increase, closing the day at $160.58, or a increase of $2.57 or (1.60%). Its down 0.76, from 1.1 in 2017Q1. It dived, as 56 investors sold Monsanto Company shares while 318 reduced holdings. 31 funds opened positions while 38 raised stakes. 308.94 million shares or 3.25% less from 319.32 million shares in 2017Q1 were reported. Rhumbline Advisers has invested 0.2% in Monsanto Company (NYSE:MON). Lord Abbett Communication Limited Liability Co reported 829,200 shares or 0.38% of all its holdings. Summit Asset Mgmt accumulated 1,480 shares. Douglass Winthrop Advsr Ltd Liability has invested 0.01% in Monsanto Company (NYSE:MON). Cypress Asset Management Inc. Cap Rech Investors invested in 12.06M shares. R G Niederhoffer Cap Management Inc reported 2,700 shares. Washington Trust Financial Bank holds 5,021 shares. Vigilant Capital Management LLC now owns 977 shares of the fast-food giant's stock worth $127,000 after purchasing an additional 84 shares in the last quarter.


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