Rockland Trust Co Has Cut Its Mcdonalds (MCD) Stake by $952,884; Stock Rose; Activision Blizzard (ATVI) Stock Value Rose While Jericho Capital Asset Management LP Lowered Holding by $3.73 Million

November 15, 2017 - By Adrian Erickson

Josh Resnick decreased its stake in Activision Blizzard Inc (ATVI) by 6.88% based on its latest 2017Q2 regulatory filing with the SEC. Jericho Capital Asset Management Lp sold 65,378 shares as the company’s stock rose 23.27% with the market. The hedge fund run by Josh Resnick held 885,000 shares of the technology company at the end of 2017Q2, valued at $50.95M, down from 950,378 at the end of the previous reported quarter. Jericho Capital Asset Management Lp who had been investing in Activision Blizzard Inc for a number of months, seems to be less bullish one the $48.41B market cap company. The stock declined 0.83% or $0.53 reaching $63.5 per share. About 21,285 shares traded. Activision Blizzard, Inc. (NASDAQ:ATVI) has risen 47.83% since November 15, 2016 and is uptrending. It has outperformed by 31.13% the S&P500.

Rockland Trust Co decreased its stake in Mcdonalds Corp (MCD) by 20.98% based on its latest 2017Q2 regulatory filing with the SEC. Rockland Trust Co sold 6,228 shares as the company’s stock rose 15.92% with the market. The institutional investor held 23,464 shares of the restaurants company at the end of 2017Q2, valued at $3.59 million, down from 29,692 at the end of the previous reported quarter. Rockland Trust Co who had been investing in Mcdonalds Corp for a number of months, seems to be less bullish one the $136.17 billion market cap company. The stock declined 0.21% or $0.35 reaching $167.76 per share. About 22,706 shares traded. McDonald’s Corporation (NYSE:MCD) has risen 18.25% since November 15, 2016 and is uptrending. It has outperformed by 1.55% the S&P500.




Analysts await Activision Blizzard, Inc. (NASDAQ:ATVI) to report earnings on February, 8. They expect $0.86 earnings per share, 0.00% or $0.00 from last year’s $0.86 per share. ATVI’s profit will be $655.63 million for 18.46 P/E if the $0.86 EPS becomes a reality. After $0.43 actual earnings per share reported by Activision Blizzard, Inc. for the previous quarter, Wall Street now forecasts 100.00% EPS growth.

Investors sentiment increased to 1.15 in Q2 2017. Its up 0.24, from 0.91 in 2017Q1. It improved, as 53 investors sold ATVI shares while 215 reduced holdings. 98 funds opened positions while 210 raised stakes. 639.89 million shares or 1.59% less from 650.21 million shares in 2017Q1 were reported. Mitsubishi Ufj Secs Hldg has 1.18% invested in Activision Blizzard, Inc. (NASDAQ:ATVI) for 3,840 shares. Moreover, Lucus Advisors Ltd Llc has 0.48% invested in Activision Blizzard, Inc. (NASDAQ:ATVI). Blair William Il reported 26,048 shares stake. Gabalex Cap Management Limited Liability reported 275,000 shares stake. Royal National Bank Of Canada reported 2.91M shares stake. California-based Wetherby Asset Mgmt Inc has invested 0.07% in Activision Blizzard, Inc. (NASDAQ:ATVI). Moreover, Exxonmobil Investment Mngmt Tx has 0.19% invested in Activision Blizzard, Inc. (NASDAQ:ATVI). Financial Bank Of America Corporation De owns 4.86 million shares or 0.06% of their US portfolio. Norinchukin Bancorp The accumulated 0.06% or 48,118 shares. Parkside Bank Tru has 171 shares. Davidson Kempner Cap Ltd Partnership holds 375,000 shares. Highstreet Asset Mngmt Inc reported 0.06% stake. Tokio Marine Asset Management Ltd, a Japan-based fund reported 7,762 shares. At Savings Bank has 79,456 shares. Price T Rowe Associate Inc Md holds 1.43 million shares or 0.01% of its portfolio.

Jericho Capital Asset Management Lp, which manages about $3.07 billion and $1.76B US Long portfolio, upped its stake in Stamps Com Inc (NASDAQ:STMP) by 138,448 shares to 734,751 shares, valued at $113.80M in 2017Q2, according to the filing. It also increased its holding in Symantec Corp (NASDAQ:SYMC) by 507,406 shares in the quarter, for a total of 1.77 million shares, and has risen its stake in Broadcom Ltd.

Among 28 analysts covering Activision Blizzard (NASDAQ:ATVI), 22 have Buy rating, 0 Sell and 6 Hold. Therefore 79% are positive. Activision Blizzard had 115 analyst reports since July 28, 2015 according to SRatingsIntel. Pacific Crest maintained it with “Overweight” rating and $30 target in Friday, August 7 report. Bank of America downgraded the shares of ATVI in report on Monday, November 2 to “Neutral” rating. Jefferies maintained Activision Blizzard, Inc. (NASDAQ:ATVI) rating on Friday, November 3. Jefferies has “Buy” rating and $82 target. The firm has “Buy” rating given on Friday, August 4 by Bank of America. Oppenheimer maintained the stock with “Buy” rating in Friday, August 4 report. Credit Suisse maintained Activision Blizzard, Inc. (NASDAQ:ATVI) on Friday, August 4 with “Buy” rating. The stock has “Buy” rating by Stifel Nicolaus on Monday, August 8. The stock has “Buy” rating by Stifel Nicolaus on Thursday, September 7. The stock of Activision Blizzard, Inc. (NASDAQ:ATVI) has “Buy” rating given on Wednesday, October 11 by Piper Jaffray. UBS maintained Activision Blizzard, Inc. (NASDAQ:ATVI) rating on Wednesday, November 4. UBS has “Buy” rating and $40 target.

More notable recent Activision Blizzard, Inc. (NASDAQ:ATVI) news were published by: Gurufocus.com which released: “Frank Sands Buys Activision Blizzard Inc, Chipotle Mexican Grill Inc, CoStar …” on November 14, 2017, also Wsj.com with their article: “Activision Blizzard Earnings: What to Watch” published on November 02, 2017, Fool.com published: “Activision Blizzard Inc. Earnings Preview: What to Watch” on October 26, 2017. More interesting news about Activision Blizzard, Inc. (NASDAQ:ATVI) were released by: Seekingalpha.com and their article: “Activision Blizzard: Still Undervalued” published on November 03, 2017 as well as Fool.com‘s news article titled: “Will Activision Blizzard Crush Expectations Yet Again?” with publication date: October 31, 2017.

Among 33 analysts covering McDonald’s Corporation (NYSE:MCD), 23 have Buy rating, 1 Sell and 9 Hold. Therefore 70% are positive. McDonald’s Corporation had 109 analyst reports since September 29, 2015 according to SRatingsIntel. Credit Suisse maintained the stock with “Outperform” rating in Monday, June 27 report. The stock of McDonald’s Corporation (NYSE:MCD) earned “Buy” rating by Wells Fargo on Monday, October 9. The company was maintained on Wednesday, January 4 by Instinet. The firm has “Overweight” rating given on Friday, October 23 by Barclays Capital. The rating was upgraded by Argus Research on Wednesday, January 27 to “Buy”. The firm has “Outperform” rating given on Tuesday, March 29 by Credit Suisse. The firm earned “Outperform” rating on Wednesday, October 25 by Credit Suisse. The firm has “Buy” rating by BMO Capital Markets given on Wednesday, October 25. Nomura maintained the shares of MCD in report on Tuesday, October 17 with “Buy” rating. Nomura maintained it with “Buy” rating and $172 target in Wednesday, July 19 report.

More notable recent McDonald’s Corporation (NYSE:MCD) news were published by: Seekingalpha.com which released: “I Was Wrong About McDonald’s” on October 31, 2017, also Seekingalpha.com with their article: “Dividend Aristocrats In Focus Part 17: McDonald’s” published on October 20, 2017, Businessinsider.com published: “Furious franchisees slam McDonald’s for costly demands and ‘wasteful’ changes” on October 17, 2017. More interesting news about McDonald’s Corporation (NYSE:MCD) were released by: Fool.com and their article: “9 Metrics From McDonald’s Corporation’s Solid Third Quarter” published on October 26, 2017 as well as Seekingalpha.com‘s news article titled: “McDonald’s: Coffee, Local Flavor And Late Night Eats Will Drive” with publication date: October 31, 2017.

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 $1.28B for 26.54 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.