As Mcdonalds (MCD) Stock Rose, Gofen & Glossberg Decreased Position; As Martin Marietta Materia (MLM) Market Value Rose, Holder Public Employees Retirement System Of Ohio Cut Holding

February 23, 2018 - By Ellis Scott

Gofen & Glossberg Llc decreased its stake in Mcdonalds (MCD) by 1.69% based on its latest 2017Q3 regulatory filing with the SEC. Gofen & Glossberg Llc sold 5,197 shares as the company’s stock rose 15.92% with the market. The institutional investor held 303,093 shares of the restaurants company at the end of 2017Q3, valued at $47.49M, down from 308,290 at the end of the previous reported quarter. Gofen & Glossberg Llc who had been investing in Mcdonalds for a number of months, seems to be less bullish one the $129.40B market cap company. The stock increased 1.03% or $1.66 during the last trading session, reaching $162.32. About 2.44M shares traded. McDonald's Corporation (NYSE:MCD) has risen 18.25% since February 23, 2017 and is uptrending. It has outperformed by 1.55% the S&P500.

Public Employees Retirement System Of Ohio decreased its stake in Martin Marietta Materia (MLM) by 35.1% based on its latest 2017Q3 regulatory filing with the SEC. Public Employees Retirement System Of Ohio sold 14,703 shares as the company’s stock rose 4.98% with the market. The institutional investor held 27,186 shares of the basic industries company at the end of 2017Q3, valued at $5.61 million, down from 41,889 at the end of the previous reported quarter. Public Employees Retirement System Of Ohio who had been investing in Martin Marietta Materia for a number of months, seems to be less bullish one the $13.27B market cap company. The stock decreased 0.48% or $1.02 during the last trading session, reaching $211.1. About 261,568 shares traded. Martin Marietta Materials, Inc. (NYSE:MLM) has risen 23.49% since February 23, 2017 and is uptrending. It has outperformed by 6.79% the S&P500.

Analysts await Martin Marietta Materials, Inc. (NYSE:MLM) to report earnings on May, 1. They expect $0.54 EPS, down 19.40% or $0.13 from last year’s $0.67 per share. MLM’s profit will be $33.95M for 97.73 P/E if the $0.54 EPS becomes a reality. After $1.88 actual EPS reported by Martin Marietta Materials, Inc. for the previous quarter, Wall Street now forecasts -71.28% negative EPS growth.

Public Employees Retirement System Of Ohio, which manages about $19.25B US Long portfolio, upped its stake in Costar Group Inc (NASDAQ:CSGP) by 2,401 shares to 46,188 shares, valued at $12.39 million in 2017Q3, according to the filing. It also increased its holding in Boston Properties Inc (NYSE:BXP) by 3,884 shares in the quarter, for a total of 240,004 shares, and has risen its stake in Veritiv Corp (NYSE:VRTV).

Investors sentiment increased to 1.28 in Q3 2017. Its up 0.30, from 0.98 in 2017Q2. It is positive, as 40 investors sold MLM shares while 130 reduced holdings. 53 funds opened positions while 165 raised stakes. 59.73 million shares or 1.72% more from 58.73 million shares in 2017Q2 were reported. Bnp Paribas Asset Mgmt Sa holds 0.01% or 7,592 shares in its portfolio. First Republic Inv Mngmt owns 1,897 shares. The New York-based Ny State Common Retirement Fund has invested 0.06% in Martin Marietta Materials, Inc. (NYSE:MLM). Karpas Strategies Lc holds 0.34% or 3,740 shares in its portfolio. Cetera Advsrs Ltd Liability Corp invested in 0.01% or 1,061 shares. Ftb Advsrs Incorporated has invested 0% in Martin Marietta Materials, Inc. (NYSE:MLM). The New York-based D E Shaw & Co Inc has invested 0.01% in Martin Marietta Materials, Inc. (NYSE:MLM). New Mexico Educational Retirement Board holds 0.06% or 5,800 shares. Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 13,194 shares or 0.03% of all its holdings. Moreover, New York State Teachers Retirement Sys has 0.05% invested in Martin Marietta Materials, Inc. (NYSE:MLM). Utd Automobile Association stated it has 0.01% of its portfolio in Martin Marietta Materials, Inc. (NYSE:MLM). Cornerstone Cap Management Hldg Limited Liability Company accumulated 10,760 shares or 0.02% of the stock. Kbc Nv has 0.02% invested in Martin Marietta Materials, Inc. (NYSE:MLM) for 8,502 shares. Private Wealth Limited Liability Company has 4,325 shares. National Bank & Trust Of America Corp De, a North Carolina-based fund reported 371,818 shares.

Since February 14, 2018, it had 0 insider buys, and 1 sale for $642,000 activity.

Among 13 analysts covering Martin Marietta (NYSE:MLM), 8 have Buy rating, 0 Sell and 5 Hold. Therefore 62% are positive. Martin Marietta had 30 analyst reports since August 5, 2015 according to SRatingsIntel. The stock of Martin Marietta Materials, Inc. (NYSE:MLM) has “Neutral” rating given on Thursday, October 19 by Bank of America. Cleveland upgraded the shares of MLM in report on Monday, April 3 to “Buy” rating. SunTrust maintained it with “Buy” rating and $228.0 target in Thursday, October 26 report. The rating was maintained by SunTrust with “Buy” on Monday, February 12. As per Thursday, June 9, the company rating was initiated by Alembic. The rating was upgraded by SunTrust to “Buy” on Wednesday, October 26. Jefferies maintained the stock with “Buy” rating in Tuesday, February 13 report. The stock of Martin Marietta Materials, Inc. (NYSE:MLM) earned “Buy” rating by Stifel Nicolaus on Wednesday, August 5. The stock of Martin Marietta Materials, Inc. (NYSE:MLM) earned “Hold” rating by Barclays Capital on Tuesday, December 12. The stock of Martin Marietta Materials, Inc. (NYSE:MLM) has “Buy” rating given on Wednesday, September 6 by Stifel Nicolaus.

Investors sentiment decreased to 0.77 in Q3 2017. Its down 0.01, from 0.78 in 2017Q2. It worsened, as 48 investors sold MCD shares while 638 reduced holdings. 121 funds opened positions while 404 raised stakes. 520.27 million shares or 3.02% less from 536.45 million shares in 2017Q2 were reported. Caisse De Depot Et Placement Du Quebec invested 1.18% in McDonald's Corporation (NYSE:MCD). Dixon Hubard Feinour & Brown Va stated it has 6,497 shares. Family Capital invested in 3,460 shares or 0.27% of the stock. & Invest Group reported 4,336 shares or 0.22% of all its holdings. Live Your Vision Limited Liability Co stated it has 0.01% in McDonald's Corporation (NYSE:MCD). Epoch Invest Prtnrs owns 0.58% invested in McDonald's Corporation (NYSE:MCD) for 1.10M shares. Alphaone Inv Ser Limited Co has 0.01% invested in McDonald's Corporation (NYSE:MCD). Bancorpsouth reported 0.22% in McDonald's Corporation (NYSE:MCD). Conning Inc holds 189,517 shares or 1.01% of its portfolio. Cadence Mgmt Limited Liability Com stated it has 0.73% of its portfolio in McDonald's Corporation (NYSE:MCD). Davis holds 22,267 shares. Highstreet Asset Mngmt reported 0.85% in McDonald's Corporation (NYSE:MCD). Halbert Hargrove Russell Lc owns 1,454 shares or 0.06% of their US portfolio. Palisades Hudson Asset Ltd Partnership holds 0.16% or 1,830 shares. Balyasny Asset Management Limited Liability stated it has 252,485 shares or 0.15% of all its holdings.

Since October 25, 2017, it had 0 insider buys, and 3 selling transactions for $7.57 million activity. $1.33 million worth of McDonald's Corporation (NYSE:MCD) shares were sold by Sappington James R. $6.00M worth of McDonald's Corporation (NYSE:MCD) shares were sold by GOARE DOUGLAS M.

Gofen & Glossberg Llc, which manages about $3.51 billion and $2.70 billion US Long portfolio, upped its stake in Northern Trust (NASDAQ:NTRS) by 11,195 shares to 158,804 shares, valued at $14.60 million in 2017Q3, according to the filing. It also increased its holding in Pepsico (NYSE:PEP) by 4,823 shares in the quarter, for a total of 418,089 shares, and has risen its stake in Ishares Msci Eafe Index Fd (EFA).

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