Los Angeles Capital Management & Equity Research INC Cut Its Stake in Mcdonalds Corp (MCD) as Share Price Rose

March 19, 2018 - By Kurt Siggers

Investors sentiment decreased to 0.77 in Q3 2017. Its down 0.01, from 0.78 in 2017Q2. It dived, as 48 investors sold MCD shares while 638 reduced holdings. 121 funds opened positions while 404 raised stakes. 520.27 million shares or 3.02% less from 536.45 million shares in 2017Q2 were reported. Teachers Ins Annuity Association Of America stated it has 0.28% of its portfolio in McDonald's Corporation (NYSE:MCD). Alyeska Invest Ltd Partnership holds 533,778 shares or 0.67% of its portfolio. Nj State Employees Deferred Compensation Plan accumulated 25,093 shares or 0.71% of the stock. Crawford Counsel accumulated 21,777 shares. Provise Management Llc holds 9,131 shares or 0.21% of its portfolio. Triangle Secs Wealth Mgmt holds 0.32% in McDonald's Corporation (NYSE:MCD) or 3,438 shares. Gfs Advsrs Limited Liability reported 4,157 shares stake. Focused Investors Llc reported 769,800 shares stake. Godsey Gibb Associate reported 96,984 shares. 28,309 were reported by Perigon Wealth Limited. Wallace Capital Management Inc invested in 0.06% or 2,244 shares. Raymond James Tru Na accumulated 71,011 shares or 0.8% of the stock. Somerset Gru Limited Liability Company holds 0.64% or 4,459 shares. Nichols And Pratt Advisers Ltd Liability Partnership Ma reported 8,725 shares. Employees Retirement Of Texas holds 0.37% or 181,000 shares in its portfolio.

Since October 25, 2017, it had 0 insider buys, and 3 sales for $7.57 million activity. $238,415 worth of McDonald's Corporation (NYSE:MCD) was sold by Hoovel Catherine A.. Another trade for 34,575 shares valued at $6.00 million was sold by GOARE DOUGLAS M.

Los Angeles Capital Management & Equity Research Inc decreased its stake in Mcdonalds Corp (MCD) by 2.05% based on its latest 2017Q3 regulatory filing with the SEC. Los Angeles Capital Management & Equity Research Inc sold 34,540 shares as the company’s stock rose 15.92% with the market. The institutional investor held 1.65M shares of the restaurants company at the end of 2017Q3, valued at $258.45M, down from 1.68M at the end of the previous reported quarter. Los Angeles Capital Management & Equity Research Inc who had been investing in Mcdonalds Corp for a number of months, seems to be less bullish one the $126.21B market cap company. The stock decreased 2.16% or $3.5 during the last trading session, reaching $158.86. About 2.39 million shares traded. McDonald's Corporation (NYSE:MCD) has risen 18.25% since March 19, 2017 and is uptrending. It has outperformed by 1.55% the S&P500.

Los Angeles Capital Management & Equity Research Inc, which manages about $15.74 billion and $17.35B US Long portfolio, upped its stake in Progressive Corp Ohi (NYSE:PGR) by 605,286 shares to 1.18M shares, valued at $56.95M in 2017Q3, according to the filing. It also increased its holding in Biogen Idec Inc (NASDAQ:BIIB) by 13,422 shares in the quarter, for a total of 155,853 shares, and has risen its stake in Las Vegas Sands Corp (NYSE:LVS).

Analysts await McDonald's Corporation (NYSE:MCD) to report earnings on April, 24. They expect $1.67 earnings per share, up 13.61 % or $0.20 from last year’s $1.47 per share. MCD’s profit will be $1.33 billion for 23.78 P/E if the $1.67 EPS becomes a reality. After $1.71 actual earnings per share reported by McDonald's Corporation for the previous quarter, Wall Street now forecasts -2.34 % negative EPS growth.

McDonald's Corporation (NYSE:MCD) Ratings Coverage

Among 35 analysts covering McDonald’s Corporation (NYSE:MCD), 25 have Buy rating, 1 Sell and 9 Hold. Therefore 71% are positive. McDonald’s Corporation has $205.0 highest and $35 lowest target. $169.68’s average target is 6.81% above currents $158.86 stock price. McDonald’s Corporation had 143 analyst reports since September 29, 2015 according to SRatingsIntel. As per Tuesday, January 16, the company rating was maintained by Barclays Capital. The rating was upgraded by Piper Jaffray on Friday, October 23 to “Overweight”. The firm earned “Buy” rating on Wednesday, October 11 by Piper Jaffray. Bank of America maintained McDonald's Corporation (NYSE:MCD) on Monday, January 29 with “Buy” rating. The firm has “Hold” rating given on Wednesday, October 25 by Canaccord Genuity. The rating was maintained by Jefferies with “Hold” on Tuesday, October 10. The rating was upgraded by Cleveland on Wednesday, April 12 to “Buy”. As per Wednesday, July 19, the company rating was maintained by Jefferies. The firm has “Outperform” rating by Credit Suisse given on Tuesday, March 6. As per Tuesday, January 2, the company rating was maintained by Robert W. Baird.

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