Published: Sat, January 13, 2018
Finance | By Loren Pratt

Cribstone Capital Management LLC Decreases Position in McDonald's Co. (NYSE:MCD)


The institutional investor held 8.03 million shares of the edp services company at the end of 2017Q3, valued at $117.10 million, up from 5.36 million at the end of the previous reported quarter. Truepoint Inc who had been investing in Cincinnati Finl Corp for a number of months, seems to be bullish on the $11.84B market cap company. The stock increased 0.25% or $0.3 during the last trading session, reaching $118.29. Southeast Asset Advisors Inc. now owns 2,441 shares of the fast-food giant's stock worth $316,000 after buying an additional 330 shares in the last quarter. W.W. Grainger, Inc. (NYSE:GWW) has declined 21.15% since January 10, 2017 and is downtrending. It has underperformed by 34.62% the S&P500.

Azimuth Capital Management Llc decreased its stake in Mcdonald's Corp (MCD) by 3.52% based on its latest 2017Q3 regulatory filing with the SEC. Following the transaction, the vice president now owns 15,739 shares of the company's stock, valued at approximately $2,596,935. The institutional investor held 167,586 shares of the public utilities company at the end of 2017Q3, valued at $6.84M, up from 99,010 at the end of the previous reported quarter. Bank Of Hawaii who had been investing in Mcdonalds Corp for a number of months, seems to be less bullish one the $138.31 billion market cap company. (NYSE:MCD) traded up $0.38 during mid-day trading on Wednesday, reaching $173.92. About 604,150 shares traded or 4.55% up from the average.

McDonald's (NYSE:MCD) last posted its quarterly earnings results on Tuesday, October 24th. It has outperformed by 1.55% the S&P500. A 25 analysts rate it as either a buy or a strong buy, while0 believe that investors should either steer clear of MCD or, if they already own its stock, sell it. Therefore 71% are positive.

The average Wall Street analyst rating for McDonald's Corporation is Strong Buy, according to the average of 26 analyst scores. Sanford C. Bernstein restated a "market perform" rating and issued a $129.00 target price on shares of McDonald's Corporation in a research note on Wednesday, December 7th. Stifel Nicolaus set a $172.00 target price on shares of McDonald's and gave the stock a "neutral" rating in a research report on Wednesday, January 3rd. The stock of Infosys Limited (NYSE:INFY) earned "Buy" rating by Goldman Sachs on Thursday, May 26. Piper Jaffray maintained the stock with "Buy" rating in Thursday, December 14 report. Canaccord Genuity has "Hold" rating and $185.0 target. The stock has "Buy" rating by SunTrust on Tuesday, October 13.

The investor is now holding $15.41 million shares due in part to a decrease of 1.38 million new shares in their portfolio. Its down 0.01, from 0.78 in 2017Q2. 41 funds opened positions while 124 raised stakes. 520.27 million shares or 3.02% less from 536.45 million shares in 2017Q2 were reported. Alexandria Cap Ltd holds 0.11% in Pepsico, Inc. The stock of McDonald's Corporation (NYSE:MCD) has "Neutral" rating given on Wednesday, July 26 by UBS. Financial Consulate holds 0.82% or 9,589 shares. California-based Phocas has invested 0.33% in AvalonBay Communities, Inc. The stock of McDonald's Corporation (NYSE:MCD) has "Hold" rating given on Tuesday, January 26 by Jefferies. Stadion Money Management Limited Company holds 11,884 shares. The Michigan-based Telemus Ltd Com has invested 0.13% in McDonald's Corporation (NYSE:MCD). Ameritas Invest Ptnrs reported 24,201 shares or 0.18% of all its holdings. Baystate Wealth Management Ltd reported 749 shares. 3,880 are held by Advsr Asset. Ci Investments Incorporated owns 585,047 shares. Advsr Limited Liability Co accumulated 48,354 shares. Kayne Anderson Rudnick Invest Mngmt Limited Com invested in 27,772 shares.


Bank Of Hawaii, which manages about $1.30B and $1.18B US Long portfolio, upped its stake in Vanguard (VB) by 2,583 shares to 105,454 shares, valued at $14.90M in 2017Q3, according to the filing. It also reduced its holding in Autodesk Inc (NASDAQ:ADSK) by 32,072 shares in the quarter, leaving it with 2.04 million shares, and cut its stake in Automatic Data Processing Inc (NASDAQ:ADP).

Since August 7, 2017, it had 0 insider buys, and 2 selling transactions for $7.21 million activity. Fairhurst David Ogden sold $751,013 worth of stock.

In other news, VP James R. Sappington sold 8,298 shares of the company's stock in a transaction dated Monday, November 14th. McDonald's Corporation has $200 highest and $35 lowest target. During the same period in the prior year, the company earned $1.62 earnings per share. MCD's profit will be $1.26 billion for 27.45 P/E if the $1.58 EPS becomes a reality. The fast-food giant reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.01. Therefore 38% are positive. The firm has "Sell" rating by J.P. Morgan given on Monday, October 9. Timber Hill Limited Liability owns 0.07% invested in McDonald's Corporation (NYSE:MCD) for 4,555 shares. The rating was upgraded by Cleveland to "Buy" on Wednesday, April 12. On Wednesday, September 2 the stock rating was initiated by M Partners with "Buy". (NYSE:GWW) has "Underperform" rating given on Wednesday, April 19 by Credit Suisse.

Among 4 analysts covering Cincinnati Fincl (NASDAQ:CINF), 1 have Buy rating, 1 Sell and 2 Hold. Beese Fulmer Inv Mgmt accumulated 1.52% or 42,451 shares. The rating was maintained by Deutsche Bank with "Sell" on Monday, October 30. Its down 0.01, from 0.78 in 2017Q2. It dropped, as 48 investors sold MCD shares while 638 reduced holdings. 2 funds opened positions while 19 raised stakes. Convergence Inv Ptnrs Ltd Liability Corporation owns 476 shares or 0.01% of their USA portfolio. Finally, Valmark Advisers Inc. grew its position in McDonald's by 0.3% in the 2nd quarter. Following the sale, the insider now owns 49,778 shares in the company, valued at approximately $8,378,632.96. Boltwood Cap Management stated it has 0.26% in McDonald's Corporation (NYSE:MCD). 190 shares valued at $39,569 were sold by Tapia Eric R on Friday, October 20. Macquarie Group reported 0.04% stake. Jfs Wealth Advisors Ltd Llc stated it has 0% of its portfolio in General American Investors Company, Inc. 458,362 were reported by Rand Wealth Limited Com. (NASDAQ:AMZN). Madison Inv Holding Inc invested 0.05% in Amazon.com, Inc. Cetera Advisor Ltd Liability Company holds 10,837 shares or 0.47% of its portfolio. The Pennsylvania-based Schneider Capital Management Corp has invested 6.4% in the stock. 279.77 million shares or 1.91% less from 285.20 million shares in 2017Q2 were reported. Wellington Shields Cap Mgmt Llc reported 286,252 shares.

Since September 5, 2017, it had 0 buys, and 2 insider sales for $999,660 activity.

Like this: