Menu price rises help drive 1Q earnings beat at McDonald's


Headquartered in Oak Brook, Illinois, MCD recorded revenue that decreased 9% to $ 5.14 billion from $ 5.68 billion in the same quarter a year ago. Next Century Growth Investors Llc who had been investing in Axogen Inc for a number of months, seems to be bullish on the $1.42B market cap company.

The counter witnessed a trading volume of 1.37 million shares versus an average volume of 0.9 million shares during last trading session. About 350,825 shares traded. AxoGen, Inc. (NASDAQ:AXGN) has risen 293.56% since April 30, 2017 and is uptrending. It has outperformed by 112.40% the S&P500.

Edward Goodnow increased its stake in Discovery Communicatns New (DISCK) by 11.51% based on its latest 2017Q4 regulatory filing with the SEC. Vnbtrust National Association bought 172,540 shares as the company's stock declined 12.19% with the market. After $1.71 actual EPS reported by McDonald's Corporation for the previous quarter, Wall Street now forecasts -2.34% negative EPS growth. Peoples Financial Services Corp who had been investing in Mcdonalds Corp Com for a number of months, seems to be less bullish one the $124.44 billion market cap company. The stock decreased 0.18% or $0.06 during the last trading session, reaching $33.04. Vanguard Group Inc. increased its holdings in shares of McDonald's by 1.6% in the 2nd quarter. Investors wait McDonald's Corporation (NYSE:MCD) to announce its quarterly earnings, according to RTT. It has outperformed by 10.07% the S&P500.

The company did not release any guidance for the second quarter with its report. Capwealth Advsrs Limited Liability Corporation holds 0.1% or 3,170 shares. McDonald's has a consensus rating of "Buy" and an average target price of $183.16. The Blackstone Group L.P. had 65 analyst reports since August 9, 2015 according to SRatingsIntel. The firm earned "Hold" rating on Monday, August 28 by RBC Capital Markets. On Friday, March 16 the rating was maintained by Jefferies with "Buy". Goldman Sachs reissued a "buy" rating and issued a $186.00 price objective on shares of McDonald's in a research report on Friday, March 23rd. The firm earned "Hold" rating on Thursday, February 1 by SunTrust. On Tuesday, November 21 the stock rating was maintained by Leerink Swann with "Outperform". The rating was maintained by Bank of America with "Buy" on Monday, January 29. It's up 0.43, from 1.19 in 2017Q3. 54 investors sold all, 601 reduced holdings as MCD ratio increased.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Funds hold 518.42 million shares thus 0.36% less from 2017Q3's 520.27 million shares. Gardner Russo Gardner Limited has invested 0% of its portfolio in McDonald's Corporation (NYSE:MCD). Farmers & Merchants Invests Inc invested 0.88% of its portfolio in McDonald's Corporation (NYSE:MCD).

Net income climbed to US$1.38bn, or US$1.72 a share, from US$1.21bn, or US$1.47 a share, in the year-ago period. Sandy Spring Bank & Trust reported 95,241 shares stake. Hm Payson And owns 2.19% invested in McDonald's Corporation (NYSE:MCD) for 316,784 shs. Pinnacle Holdings Llc owns 60,383 shares or 0.4% of their United States portfolio. Capwealth Ltd Llc invested in 3,170 shares or 0.1% of the stock. Stratos Wealth reported 56,632 shares stake. Wedgewood Invsts Inc Pa accumulated 2,525 shares or 0.35% of the stock. Hendershot Investments holds 0.17% in McDonald's Corporation (NYSE:MCD) or 2,517 shares.

Since January 31, 2018, it had 0 insider buys, and 2 sales for $6.24 million activity.

In other news, Chairman Andrew J. Mckenna sold 30,000 shares of the firm's stock in a transaction that occurred on Monday, October 24th. Zacks Investment Research upgraded shares of McDonald's from a "sell" rating to a "hold" rating in a research report on Thursday. Therefore 69% are positive. Positive results were reported across most of the segment that were partly offset by continued challenges in South Korea, according to McDonald's. On Wednesday, April 18 the stock rating was maintained by Stifel Nicolaus with "Hold". On Tuesday, January 23 the rating was maintained by Robert W. Baird with "Buy".