Cortland Advisers Has Trimmed Holding in Bank Of New York Mellon Corp/The (BK) as Market Valuation Declined; As Mcdonalds Com (MCD) Market Value Rose, Peoples Financial Services Has Lowered by $382,500 Its Position

October 12, 2017 - By Marguerite Chambers

Peoples Financial Services Corp decreased its stake in Mcdonalds Corp Com (MCD) by 9.29% based on its latest 2017Q2 regulatory filing with the SEC. Peoples Financial Services Corp sold 2,500 shares as the company’s stock rose 15.92% with the market. The institutional investor held 24,398 shares of the restaurants company at the end of 2017Q2, valued at $3.74 million, down from 26,898 at the end of the previous reported quarter. Peoples Financial Services Corp who had been investing in Mcdonalds Corp Com for a number of months, seems to be less bullish one the $132.96 billion market cap company. The stock rose 0.36% or $0.58 reaching $163.73. About 2.18M shares traded. McDonald’s Corporation (NYSE:MCD) has risen 18.25% since October 12, 2016 and is uptrending. It has outperformed by 1.55% the S&P500.

Cortland Advisers Llc decreased its stake in Bank Of New York Mellon Corp/The (BK) by 14.86% based on its latest 2017Q2 regulatory filing with the SEC. Cortland Advisers Llc sold 567,905 shares as the company’s stock declined 1.27% while stock markets rallied. The institutional investor held 3.25 million shares of the major banks company at the end of 2017Q2, valued at $166.03M, down from 3.82M at the end of the previous reported quarter. Cortland Advisers Llc who had been investing in Bank Of New York Mellon Corp/The for a number of months, seems to be less bullish one the $56.98 billion market cap company. The stock declined 0.26% or $0.14 reaching $54.74 per share. About 1.88 million shares traded. Bank of New York Mellon Corp (NYSE:BK) has risen 13.98% since October 12, 2016 and is uptrending. It has underperformed by 2.72% the S&P500.




Investors sentiment increased to 0.89 in 2017 Q2. Its up 0.07, from 0.82 in 2017Q1. It improved, as 50 investors sold BK shares while 311 reduced holdings. 80 funds opened positions while 240 raised stakes. 831.44 million shares or 1.04% less from 840.22 million shares in 2017Q1 were reported. First Interstate Bancshares accumulated 0.02% or 2,339 shares. Pitcairn invested 0.09% of its portfolio in Bank of New York Mellon Corp (NYSE:BK). Fiera Corporation reported 0.02% in Bank of New York Mellon Corp (NYSE:BK). 1832 Asset Mngmt Lp invested 0.21% of its portfolio in Bank of New York Mellon Corp (NYSE:BK). Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Corp reported 142,061 shares. Shelton Cap Mngmt invested in 30,201 shares or 0.11% of the stock. Wellington Shields Cap Mngmt Ltd holds 0.06% in Bank of New York Mellon Corp (NYSE:BK) or 7,130 shares. Markston Interest Limited holds 0.45% of its portfolio in Bank of New York Mellon Corp (NYSE:BK) for 91,178 shares. Eagle Mgmt Limited accumulated 12,000 shares. Levin Cap Strategies Lp holds 0.6% of its portfolio in Bank of New York Mellon Corp (NYSE:BK) for 674,163 shares. Gradient, a Minnesota-based fund reported 153 shares. Cubist Systematic Strategies Ltd Llc holds 0.02% in Bank of New York Mellon Corp (NYSE:BK) or 5,300 shares. Blackrock accumulated 57.48 million shares. Beck Mack & Oliver Ltd holds 47,056 shares or 0.08% of its portfolio. Lodestar Counsel Ltd Il reported 9,116 shares.

Among 21 analysts covering The Bank Of New York Mellon Corporation (NYSE:BK), 8 have Buy rating, 1 Sell and 12 Hold. Therefore 38% are positive. The Bank Of New York Mellon Corporation had 59 analyst reports since July 22, 2015 according to SRatingsIntel. The stock has “Neutral” rating by JP Morgan on Friday, January 6. Keefe Bruyette & Woods upgraded the shares of BK in report on Friday, October 21 to “Outperform” rating. The rating was downgraded by Buckingham Research to “Neutral” on Monday, November 21. The stock has “Buy” rating by Deutsche Bank on Friday, January 8. The firm has “Equal-Weight” rating by Morgan Stanley given on Friday, October 21. The stock has “Overweight” rating by JP Morgan on Thursday, January 7. The company was maintained on Friday, September 23 by CLSA. The rating was maintained by Bank of America with “Underperform” on Monday, May 29. Deutsche Bank maintained the stock with “Buy” rating in Friday, July 21 report. The stock has “Buy” rating by Deutsche Bank on Tuesday, January 26.

Analysts await Bank of New York Mellon Corp (NYSE:BK) to report earnings on October, 19. They expect $0.92 EPS, up 2.22% or $0.02 from last year’s $0.9 per share. BK’s profit will be $957.65M for 14.88 P/E if the $0.92 EPS becomes a reality. After $0.92 actual EPS reported by Bank of New York Mellon Corp for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

More notable recent Bank of New York Mellon Corp (NYSE:BK) news were published by: Bizjournals.com which released: “BNY Mellon jettisons CenterSquare Investment” on September 20, 2017, also Prnewswire.com with their article: “BNY Mellon Leaders Recognized by American Banker as 2017 Most Powerful Women …” published on September 26, 2017, Prnewswire.com published: “BNY Mellon Completes Successful Migration of Man AHL Book of Business” on September 25, 2017. More interesting news about Bank of New York Mellon Corp (NYSE:BK) were released by: Prnewswire.com and their article: “BNY Mellon and Hazeltree Launch Treasury and Cash Management Solution” published on September 28, 2017 as well as Prnewswire.com‘s news article titled: “BNY Mellon Named Successor Depositary Bank by Two European Blue-Chips, BASF …” with publication date: October 11, 2017.

Peoples Financial Services Corp, which manages about $170.75M US Long portfolio, upped its stake in Kellogg Co Com (NYSE:K) by 5,700 shares to 14,800 shares, valued at $1.03M in 2017Q2, according to the filing.

Analysts await McDonald’s Corporation (NYSE:MCD) to report earnings on October, 24 before the open. They expect $1.74 earnings per share, up 7.41% or $0.12 from last year’s $1.62 per share. MCD’s profit will be $1.41 billion for 23.52 P/E if the $1.74 EPS becomes a reality. After $1.73 actual earnings per share reported by McDonald’s Corporation for the previous quarter, Wall Street now forecasts 0.58% EPS growth.

Among 32 analysts covering McDonald’s Corporation (NYSE:MCD), 21 have Buy rating, 1 Sell and 10 Hold. Therefore 66% are positive. McDonald’s Corporation had 97 analyst reports since September 29, 2015 according to SRatingsIntel. Robert W. Baird maintained McDonald’s Corporation (NYSE:MCD) on Monday, June 5 with “Buy” rating. The company was maintained on Wednesday, April 26 by RBC Capital Markets. The stock of McDonald’s Corporation (NYSE:MCD) earned “Neutral” rating by Robert W. Baird on Wednesday, June 29. Evercore initiated the stock with “Hold” rating in Tuesday, April 5 report. The rating was maintained by Citigroup on Tuesday, September 13 with “Neutral”. The rating was upgraded by Nomura to “Buy” on Monday, December 5. The stock has “Buy” rating by Argus Research on Thursday, April 27. As per Tuesday, January 19, the company rating was upgraded by BTIG Research. On Friday, October 23 the stock rating was maintained by UBS with “Buy”. Guggenheim downgraded McDonald’s Corporation (NYSE:MCD) on Thursday, December 1 to “Neutral” rating.

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