Conestoga Capital Advisors Position in Costar Group (CSGP) Has Cut by $27.59 Million as Stock Price Rose; Mc Donalds (MCD) Shareholder American Money Management Lifted Position by $336,336 as Shares Declined

September 14, 2018 - By Jacob Reddy

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American Money Management Llc increased its stake in Mc Donalds Corp (MCD) by 12.08% based on its latest 2018Q2 regulatory filing with the SEC. American Money Management Llc bought 2,156 shares as the company’s stock declined 1.10% while stock markets rallied. The institutional investor held 20,001 shares of the restaurants company at the end of 2018Q2, valued at $3.13 million, up from 17,845 at the end of the previous reported quarter. American Money Management Llc who had been investing in Mc Donalds Corp for a number of months, seems to be bullish on the $125.91B market cap company. The stock decreased 0.06% or $0.1 during the last trading session, reaching $162.3. About 111,774 shares traded. McDonald's Corporation (NYSE:MCD) has risen 5.38% since September 14, 2017 and is uptrending. It has underperformed by 10.24% the S&P500. Some Historical MCD News: 13/04/2018 – Russia lawmakers draft list of U.S. imports that could be banned; 20/03/2018 – McDonald’s Becomes the First Restaurant Company to Set Approved Science Based Target to Reduce Greenhouse Gas Emissions; 05/04/2018 – Jollibee Foods plans to appeal the order. The government will also inspect other fast-food companies such as KFC and McDonald’s; 30/04/2018 – McDonald’s 1Q Global Comparable Guest Counts Rose 0.8%; 20/03/2018 – McDonald’s Commits to 31% Reduction in Emissions Intensity Across Supply Chain; 23/05/2018 – McDonald’s Closes Above 50-Day Moving Average: Technicals; 30/05/2018 – Canada News Wire: /C O R R E C T I O N from Source — McDonald’s Canada/; 14/03/2018 – MCDONALD’S CFO KEVIN OZAN SPEAKS AT INVESTOR CONFERENCE; 29/05/2018 – Ex-McDonald’s CEO: Starbucks’ store closures for bias training shouldn’t have needed to happen in the first place; 13/03/2018 – Rep. C.Scott: Top Democrats Urge NLRB to Protect Workers’ Due Process in McDonald’s Case

Conestoga Capital Advisors Llc decreased its stake in Costar Group Inc (CSGP) by 86.4% based on its latest 2018Q2 regulatory filing with the SEC. Conestoga Capital Advisors Llc sold 66,973 shares as the company’s stock rose 7.03% with the market. The institutional investor held 10,542 shares of the miscellaneous company at the end of 2018Q2, valued at $4.35M, down from 77,515 at the end of the previous reported quarter. Conestoga Capital Advisors Llc who had been investing in Costar Group Inc for a number of months, seems to be less bullish one the $15.96 billion market cap company. It closed at $438.49 lastly. It is down 54.16% since September 14, 2017 and is uptrending. It has outperformed by 38.54% the S&P500. Some Historical CSGP News: 23/04/2018 – CoStar Group First Quarter Revenue Grows 21% and Net Income Increases 136% Year-over-Year; Company Raises Full-Year Guidance; 28/03/2018 – CoStar at Non-Deal Roadshow Hosted By SunTrust Today; 23/04/2018 – CoStar Group Sees 2018 Adjusted Ebitda $380 Million to $390 Million; 23/04/2018 – CoStar Group Sees 2Q Adjusted Ebitda $66 Million to $70 Million; 23/04/2018 – COSTAR 1Q REV. $274M, EST. $270.6M; 24/05/2018 – CoStar Group: CoStar Exclusive: Madison Marquette, PMRG Merging

Analysts await CoStar Group, Inc. (NASDAQ:CSGP) to report earnings on October, 24. They expect $1.83 earnings per share, up 48.78% or $0.60 from last year’s $1.23 per share. CSGP’s profit will be $66.60M for 59.90 P/E if the $1.83 EPS becomes a reality. After $1.42 actual earnings per share reported by CoStar Group, Inc. for the previous quarter, Wall Street now forecasts 28.87% EPS growth.

Investors sentiment increased to 1.2 in Q2 2018. Its up 0.21, from 0.99 in 2018Q1. It is positive, as 20 investors sold CSGP shares while 106 reduced holdings. 45 funds opened positions while 106 raised stakes. 33.10 million shares or 0.11% less from 33.13 million shares in 2018Q1 were reported. Bluecrest Capital Mgmt Limited holds 0.03% of its portfolio in CoStar Group, Inc. (NASDAQ:CSGP) for 3,012 shares. Emerald Advisers Pa reported 5,791 shares. Nomura Asset Ltd holds 4,906 shares or 0.02% of its portfolio. Stephens Inv Management Gp Limited Company has 1.73% invested in CoStar Group, Inc. (NASDAQ:CSGP) for 207,566 shares. Winslow Mngmt Ltd Llc holds 512,345 shares. Commonwealth Bank Of invested in 128 shares. Huntington Natl Bank reported 0% in CoStar Group, Inc. (NASDAQ:CSGP). State Board Of Administration Of Florida Retirement System stated it has 0.05% in CoStar Group, Inc. (NASDAQ:CSGP). Blackrock holds 2.82M shares or 0.05% of its portfolio. Cibc Asset Mgmt reported 1,467 shares. Manufacturers Life Ins The has 0% invested in CoStar Group, Inc. (NASDAQ:CSGP) for 1,471 shares. Janney Montgomery Scott Ltd Liability Company, a Pennsylvania-based fund reported 1,480 shares. Stifel Financial holds 31,201 shares or 0.04% of its portfolio. 88,522 are held by Zevenbergen Capital Invs Limited Com. Etrade Management Ltd Liability invested in 0.02% or 1,215 shares.

Among 12 analysts covering CoStar Group (NASDAQ:CSGP), 10 have Buy rating, 2 Sell and 0 Hold. Therefore 83% are positive. CoStar Group had 25 analyst reports since August 12, 2015 according to SRatingsIntel. The rating was maintained by SunTrust with “Buy” on Friday, October 20. The stock of CoStar Group, Inc. (NASDAQ:CSGP) has “Hold” rating given on Wednesday, August 12 by Zacks. The rating was maintained by Needham with “Buy” on Thursday, October 26. The stock has “Buy” rating by SunTrust on Thursday, October 26. As per Wednesday, July 25, the company rating was maintained by Citigroup. The rating was initiated by Citigroup on Tuesday, December 20 with “Buy”. The company was maintained on Thursday, October 5 by Bank of America. The stock has “Underweight” rating by JP Morgan on Tuesday, April 24. On Friday, July 20 the stock rating was maintained by FBR Capital with “Buy”. The rating was initiated by Needham with “Buy” on Monday, August 22.

Conestoga Capital Advisors Llc, which manages about $1.75 billion and $3.11 billion US Long portfolio, upped its stake in Cantel Medical Corp (NYSE:CMN) by 40,250 shares to 690,673 shares, valued at $67.94 million in 2018Q2, according to the filing. It also increased its holding in Balchem Corp (NASDAQ:BCPC) by 46,740 shares in the quarter, for a total of 651,264 shares, and has risen its stake in Bottomline Tech Del Inc (NASDAQ:EPAY).

Since March 22, 2018, it had 0 buys, and 3 selling transactions for $10.71 million activity. On Thursday, March 22 the insider KLEIN MICHAEL R sold $1.08 million. $415,472 worth of stock was sold by Hill John W on Thursday, March 29.

More important recent McDonald's Corporation (NYSE:MCD) news were published by: Seekingalpha.com which released: “McDonald’s: Still Looks Cheap At $160” on September 07, 2018, also Usatoday.com published article titled: “Is your state ‘lovin’ it’? A look at where the most McDonald’s are located in the US”, Fool.com published: “The Only Winner in the Latest Burger War Is You” on September 13, 2018. More interesting news about McDonald's Corporation (NYSE:MCD) was released by: Seekingalpha.com and their article: “Dividend Champion Spotlight: McDonald’s Corporation” with publication date: September 05, 2018.

Among 36 analysts covering McDonald’s Corporation (NYSE:MCD), 25 have Buy rating, 1 Sell and 10 Hold. Therefore 69% are positive. McDonald’s Corporation had 156 analyst reports since September 29, 2015 according to SRatingsIntel. Cowen & Co maintained it with “Buy” rating and $185.0 target in Friday, December 1 report. Canaccord Genuity maintained the stock with “Hold” rating in Friday, January 5 report. Piper Jaffray maintained it with “Buy” rating and $18500 target in Tuesday, April 10 report. Piper Jaffray maintained McDonald's Corporation (NYSE:MCD) on Wednesday, October 11 with “Buy” rating. On Monday, June 5 the stock rating was maintained by Robert W. Baird with “Buy”. The company was maintained on Tuesday, January 30 by Robert W. Baird. The stock of McDonald's Corporation (NYSE:MCD) earned “Outperform” rating by Credit Suisse on Wednesday, November 11. The firm earned “Equal-Weight” rating on Monday, March 26 by Morgan Stanley. The rating was maintained by Deutsche Bank with “Buy” on Friday, October 23. RBC Capital Markets maintained McDonald's Corporation (NYSE:MCD) on Tuesday, January 26 with “Outperform” rating.

Since May 1, 2018, it had 0 insider purchases, and 2 sales for $5.28 million activity. $2.19M worth of McDonald's Corporation (NYSE:MCD) was sold by GOARE DOUGLAS M on Tuesday, May 1.

Investors sentiment increased to 0.99 in Q2 2018. Its up 0.20, from 0.79 in 2018Q1. It is positive, as 41 investors sold MCD shares while 545 reduced holdings. 118 funds opened positions while 465 raised stakes. 511.55 million shares or 0.58% more from 508.60 million shares in 2018Q1 were reported. 5,228 were reported by Next Gru Inc. Capstone Financial Advisors invested in 144,025 shares or 6.77% of the stock. Amer National Registered Invest Advisor invested in 11,543 shares or 0.87% of the stock. Pennsylvania-based Wedgewood Inc Pa has invested 0.68% in McDonald's Corporation (NYSE:MCD). Consulate owns 9,444 shares. Wilbanks Smith & Thomas Asset Limited Liability Co invested in 5,252 shares. Price T Rowe Associates Inc Md has invested 0.12% in McDonald's Corporation (NYSE:MCD). Provident Invest, a Michigan-based fund reported 13,000 shares. Dynamic Advisor Solutions Llc owns 0.27% invested in McDonald's Corporation (NYSE:MCD) for 7,697 shares. Stearns Financial Svcs Gp holds 0.26% in McDonald's Corporation (NYSE:MCD) or 6,661 shares. The New York-based Wellington Shields & Limited has invested 0.13% in McDonald's Corporation (NYSE:MCD). Alphamark Advsrs Lc has 1,261 shares for 0.08% of their portfolio. City Holdings invested in 26,035 shares or 1.26% of the stock. Ashfield Prtn Ltd Company holds 0.87% or 44,535 shares in its portfolio. Cypress Cap Management Ltd Limited Liability Company (Wy) has invested 0.15% of its portfolio in McDonald's Corporation (NYSE:MCD).

CoStar Group, Inc. (NASDAQ:CSGP) Institutional Positions Chart

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