Chemung Canal Trust Company Has Raised Its Bristol (BMY) Stake; Redmond Asset Management Has Lowered Mcdonalds Com (MCD) Stake

December 12, 2017 - By Migdalia James

Redmond Asset Management Llc decreased Mcdonalds Corp Com (MCD) stake by 56.39% reported in 2017Q2 SEC filing. Redmond Asset Management Llc sold 4,200 shares as Mcdonalds Corp Com (MCD)’s stock rose 15.92%. The Redmond Asset Management Llc holds 3,248 shares with $497,000 value, down from 7,448 last quarter. Mcdonalds Corp Com now has $137.30B valuation. The stock decreased 0.59% or $1.02 during the last trading session, reaching $172.23. About 2.80M shares traded. McDonald's Corporation (NYSE:MCD) has risen 18.25% since December 12, 2016 and is uptrending. It has outperformed by 1.55% the S&P500.

Chemung Canal Trust Company increased Bristol (BMY) stake by 8.6% reported in 2017Q2 SEC filing. Chemung Canal Trust Company acquired 6,356 shares as Bristol (BMY)’s stock declined 1.04%. The Chemung Canal Trust Company holds 80,279 shares with $4.47M value, up from 73,923 last quarter. Bristol now has $103.57B valuation. The stock increased 0.41% or $0.26 during the last trading session, reaching $63.28. About 4.79 million shares traded. Bristol-Myers Squibb Company (NYSE:BMY) has declined 23.19% since December 12, 2016 and is downtrending. It has underperformed by 39.89% the S&P500.

Among 34 analysts covering McDonald’s Corporation (NYSE:MCD), 24 have Buy rating, 1 Sell and 9 Hold. Therefore 71% are positive. McDonald’s Corporation had 112 analyst reports since September 29, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets with “Buy” on Friday, June 2. As per Monday, January 4, the company rating was upgraded by Nomura. The rating was maintained by Wells Fargo with “Buy” on Monday, October 9. The firm has “Outperform” rating by Robert W. Baird given on Tuesday, August 30. The rating was upgraded by Argus Research on Wednesday, January 27 to “Buy”. The firm earned “Hold” rating on Tuesday, July 25 by Canaccord Genuity. The firm has “Hold” rating given on Thursday, October 5 by Canaccord Genuity. Bernstein reinitiated it with “Market Perform” rating and $129 target in Thursday, May 26 report. RBC Capital Markets maintained McDonald's Corporation (NYSE:MCD) rating on Friday, October 13. RBC Capital Markets has “Outperform” rating and $180 target. The rating was maintained by Credit Suisse with “Buy” on Thursday, June 8.

Investors sentiment decreased to 0.77 in 2017 Q2. Its down 0.01, from 0.78 in 2017Q1. It dropped, as 68 investors sold MCD shares while 616 reduced holdings. 137 funds opened positions while 396 raised stakes. 536.45 million shares or 0.05% more from 536.18 million shares in 2017Q1 were reported. Ronna Sue Cohen has invested 1.49% in McDonald's Corporation (NYSE:MCD). Gamble Jones Invest Counsel accumulated 60,884 shares. Eqis Cap, California-based fund reported 2,677 shares. Ubs Asset Mngmt Americas Incorporated has 2.80M shares. Cognios Cap Limited Liability Co, a Kansas-based fund reported 31,274 shares. Lombard Odier Asset Mngmt (Europe) Limited invested in 0.08% or 9,509 shares. Utah Retirement System holds 149,597 shares. Parsons Mgmt Inc Ri, Rhode Island-based fund reported 20,822 shares. Sumitomo Life Insurance stated it has 0.65% in McDonald's Corporation (NYSE:MCD). Focused Lc holds 793,000 shares. Croft has 0.12% invested in McDonald's Corporation (NYSE:MCD). The Florida-based Sawgrass Asset Mgmt Limited Liability Corporation has invested 2.26% in McDonald's Corporation (NYSE:MCD). Cordasco Fincl Networks invested in 1,000 shares or 0.17% of the stock. Vantage Partners Limited Liability Corporation owns 80,003 shares. 21,920 are held by Strategy Asset Managers Limited Company.

Redmond Asset Management Llc increased Walgreens Boots Alliance Inc Com stake by 6,561 shares to 32,309 valued at $2.53 million in 2017Q2. It also upped Advisory Brd Co Com (NASDAQ:ABCO) stake by 13,300 shares and now owns 33,773 shares. Celgene Corp Com (NASDAQ:CELG) was raised too.

Analysts await McDonald's Corporation (NYSE:MCD) to report earnings on January, 22. They expect $1.58 EPS, up 9.72% or $0.14 from last year’s $1.44 per share. MCD’s profit will be $1.26B for 27.25 P/E if the $1.58 EPS becomes a reality. After $1.76 actual EPS reported by McDonald's Corporation for the previous quarter, Wall Street now forecasts -10.23% negative EPS growth.

Among 19 analysts covering Bristol-Myers Squibb Company (NYSE:BMY), 6 have Buy rating, 3 Sell and 10 Hold. Therefore 32% are positive. Bristol-Myers Squibb Company had 69 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Buy” rating by Citigroup given on Wednesday, October 18. The firm has “Buy” rating by UBS given on Tuesday, September 29. The firm has “Buy” rating given on Monday, July 17 by Jefferies. On Monday, May 9 the stock rating was maintained by Credit Suisse with “Outperform”. The stock has “Hold” rating by Berenberg on Thursday, August 11. BMO Capital Markets maintained it with “Sell” rating and $4700 target in Sunday, July 23 report. The firm has “Equal-Weight” rating by Morgan Stanley given on Friday, August 5. BMO Capital Markets maintained it with “Sell” rating and $4700 target in Monday, June 5 report. On Friday, October 27 the stock rating was maintained by Credit Suisse with “Neutral”. The rating was maintained by UBS on Friday, August 19 with “Buy”.

Investors sentiment increased to 1.03 in 2017 Q2. Its up 0.08, from 0.95 in 2017Q1. It improved, as 78 investors sold BMY shares while 520 reduced holdings. 120 funds opened positions while 451 raised stakes. 1.10 billion shares or 2.26% less from 1.12 billion shares in 2017Q1 were reported. Renaissance Techs Limited Liability Com has 0.96% invested in Bristol-Myers Squibb Company (NYSE:BMY) for 13.49M shares. Fiduciary Financial Svcs Of The Southwest Inc Tx has invested 2.48% in Bristol-Myers Squibb Company (NYSE:BMY). Abner Herrman & Brock Llc reported 0.08% of its portfolio in Bristol-Myers Squibb Company (NYSE:BMY). Brinker Capital accumulated 67,309 shares. Clenar Muke Llc owns 0.11% invested in Bristol-Myers Squibb Company (NYSE:BMY) for 3,111 shares. 166,262 were reported by Advantus Mngmt. Cim Inv Mangement stated it has 0.12% of its portfolio in Bristol-Myers Squibb Company (NYSE:BMY). Valley National Advisers invested in 0.1% or 5,125 shares. 2,005 were accumulated by Blume Management. Jpmorgan Chase And stated it has 0.29% in Bristol-Myers Squibb Company (NYSE:BMY). Ontario Teachers Pension Plan Board reported 51,697 shares stake. Rathbone Brothers Public Ltd Company accumulated 51,159 shares. Moreover, Granite Investment Prtnrs Limited Co has 0.51% invested in Bristol-Myers Squibb Company (NYSE:BMY). Pictet Asset Management Limited holds 1.79M shares. Ahl Ptnrs Ltd Liability Partnership holds 0.09% or 71,966 shares in its portfolio.

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