Pictet Bank & Trust LTD Increases Position in Mcdonalds (MCD); Wedge Capital Management L LP Has Upped Its Patterson Companies (PDCO) Holding by $316,536 as Shares Declined

June 15, 2018 - By Darrin Black

Patterson Companies, Inc. (NASDAQ:PDCO) Logo

Wedge Capital Management L LP increased its stake in Patterson Companies Inc. (PDCO) by 45.33% based on its latest 2018Q1 regulatory filing with the SEC. Wedge Capital Management L LP bought 14,388 shares as the company’s stock declined 32.95% with the market. The institutional investor held 46,126 shares of the health care company at the end of 2018Q1, valued at $1.03 million, up from 31,738 at the end of the previous reported quarter. Wedge Capital Management L LP who had been investing in Patterson Companies Inc. for a number of months, seems to be bullish on the $2.06B market cap company. The stock increased 0.13% or $0.03 during the last trading session, reaching $22.33. About 1.34M shares traded. Patterson Companies, Inc. (NASDAQ:PDCO) has declined 51.53% since June 15, 2017 and is downtrending. It has underperformed by 64.10% the S&P500. Some Historical PDCO News: 23/05/2018 – Patterson Cos Names Donald Zurbay Chief Financial Officer; 23/05/2018 – Patterson Cos Names Andrea Frohning Chief Human Resources Officer; 04/04/2018 – The Klein Law Firm Notifies Investors of an Investigation Concerning Possible Violations of Federal Securities Laws by Patterson Companies, Inc. (PDCO); 17/04/2018 – The Klein Law Firm Announces Commencement of a Class Action Filed on Behalf of Patterson Companies, Inc. Shareholders and a Lea; 13/03/2018 – Patterson Companies Elects Robert C. Frenzel to Bd of Directors; 20/04/2018 – Texas AG: Attorney General Paxton Reaches Settlement with Patterson Companies Over Dental Supply Boycott; 10/05/2018 – The Klein Law Firm Reminds Investors of a Class Action Filed on Behalf of Patterson Companies, Inc. Shareholders and a Lead Pla; 29/05/2018 – The Law Offices of Howard G. Smith Reminds Investors of May 29th Deadline in the Class Action Lawsuit Against Patterson Compani; 04/04/2018 – Hagens Berman Alerts Investors in Patterson Companies to the May 29, 2018 Lead Plaintiff Deadline in the Pending Securities Class Action; 28/03/2018 – Saxena White P.A. Files Securities Fraud Class Action Against Patterson Companies, Inc

Pictet Bank & Trust Ltd increased its stake in Mcdonalds Corp (MCD) by 14.94% based on its latest 2018Q1 regulatory filing with the SEC. Pictet Bank & Trust Ltd bought 2,500 shares as the company’s stock declined 0.23% with the market. The institutional investor held 19,239 shares of the restaurants company at the end of 2018Q1, valued at $3.01 million, up from 16,739 at the end of the previous reported quarter. Pictet Bank & Trust Ltd who had been investing in Mcdonalds Corp for a number of months, seems to be bullish on the $131.16 billion market cap company. The stock increased 0.28% or $0.47 during the last trading session, reaching $167.05. About 2.39 million shares traded. McDonald's Corporation (NYSE:MCD) has risen 8.97% since June 15, 2017 and is uptrending. It has underperformed by 3.60% the S&P500. Some Historical MCD News: 22/04/2018 – McDonald’s tests new approach to overlooked environmental scourge: The plastic straw; 08/05/2018 – McDonald’s® Restaurants of the Greater Philadelphia Region Announce Addition of Made-to-Order, Fresh Beef Quarter Pounder Burg; 05/04/2018 – MCDONALD’S MCD.N : UBS ADDS TO MOST PREFERRED LIST OF US CONSUMER DISCRETIONARY EQUITY PREFERENCES; 30/04/2018 – MCDONALD’S EARNINGS CALL BEGINS; 30/04/2018 – McDonald’s Hunts for Egg Eaters Amid Intense U.S. Competition; 30/04/2018 – McDonald’s 1Q Revenue from Franchised Restaurants $2.6B; 14/03/2018 – MCDONALD’S CFO KEVIN OZAN SPEAKS AT INVESTOR CONFERENCE; 20/04/2018 – DJ McDonald’s Corporation, Inst Holders, 1Q 2018 (MCD); 29/05/2018 – It’s Starbucks’ own fault that it will lose money due to closing of thousands of its locations for anti-racial bias trading, according to the former McDonald’s CEO; 23/04/2018 – Munchies: Today’s Most Hilarious Internet Rumor: McDonald’s Is Turning Its PlayPlaces into ‘Weed Lounges’

Since January 11, 2018, it had 0 insider buys, and 1 sale for $27,285 activity.

Wedge Capital Management L L P, which manages about $10.84 billion and $10.42B US Long portfolio, decreased its stake in Assurant Inc. (NYSE:AIZ) by 52,038 shares to 1.16M shares, valued at $105.81 million in 2018Q1, according to the filing. It also reduced its holding in Boeing Company (NYSE:BA) by 221,841 shares in the quarter, leaving it with 693 shares, and cut its stake in Prosperity Bancshares Inc. (NYSE:PB).

More recent Patterson Companies, Inc. (NASDAQ:PDCO) news were published by: Streetinsider.com which released: “Patterson Cos. (PDCO) Announces Election of Francis J. Malecha to Board” on June 13, 2018. Also Businesswire.com published the news titled: “Patterson Companies Elects Francis J. Malecha to Board of Directors” on June 12, 2018. Businesswire.com‘s news article titled: “Patterson Companies Declares Regular Quarterly Cash Dividend” with publication date: June 12, 2018 was also an interesting one.

Among 18 analysts covering Patterson Companies Inc. (NASDAQ:PDCO), 3 have Buy rating, 6 Sell and 9 Hold. Therefore 17% are positive. Patterson Companies Inc. had 48 analyst reports since August 28, 2015 according to SRatingsIntel. J.P. Morgan downgraded the shares of PDCO in report on Thursday, February 15 to “Sell” rating. The stock of Patterson Companies, Inc. (NASDAQ:PDCO) has “Sell” rating given on Thursday, July 6 by Stifel Nicolaus. The stock of Patterson Companies, Inc. (NASDAQ:PDCO) earned “Hold” rating by Stifel Nicolaus on Thursday, March 1. As per Thursday, March 1, the company rating was downgraded by Robert W. Baird. On Friday, March 2 the stock rating was maintained by Morgan Stanley with “Underweight”. The rating was maintained by Craig Hallum on Thursday, August 17 with “Hold”. The firm has “Hold” rating by Piper Jaffray given on Tuesday, November 21. On Friday, August 25 the stock rating was upgraded by UBS to “Hold”. The stock of Patterson Companies, Inc. (NASDAQ:PDCO) has “Market Perform” rating given on Friday, August 28 by William Blair. The rating was downgraded by Evercore on Thursday, March 1 to “Sell”.

Investors sentiment increased to 1.26 in 2018 Q1. Its up 0.26, from 1 in 2017Q4. It is positive, as 68 investors sold PDCO shares while 74 reduced holdings. 48 funds opened positions while 131 raised stakes. 82.52 million shares or 5.42% less from 87.24 million shares in 2017Q4 were reported. 26,676 are held by Aperio Ltd Liability. Bnp Paribas Arbitrage invested 0% in Patterson Companies, Inc. (NASDAQ:PDCO). Dimensional Fund Limited Partnership invested in 1.69M shares or 0.02% of the stock. Kazazian Asset Ltd Liability Corporation owns 6,506 shares. Victory Mngmt Incorporated owns 31,708 shares or 0% of their US portfolio. Sweden-based Nordea Investment Ab has invested 0.02% in Patterson Companies, Inc. (NASDAQ:PDCO). Laurion Cap Management Ltd Partnership owns 74,297 shares. Carroll Financial Assoc Inc has invested 0% of its portfolio in Patterson Companies, Inc. (NASDAQ:PDCO). Eaton Vance Mgmt reported 35,289 shares or 0% of all its holdings. Credit Suisse Ag has invested 0.01% of its portfolio in Patterson Companies, Inc. (NASDAQ:PDCO). Paloma Ptnrs Mngmt has invested 0.03% in Patterson Companies, Inc. (NASDAQ:PDCO). Ameriprise holds 0% or 228,044 shares. Gotham Asset Mngmt Limited Liability Corp invested in 0% or 12,671 shares. Moreover, Long Road Inv Counsel Limited Liability Co has 0.44% invested in Patterson Companies, Inc. (NASDAQ:PDCO). Advisory Svcs Network Lc stated it has 0.02% in Patterson Companies, Inc. (NASDAQ:PDCO).

Investors sentiment decreased to 0.79 in 2018 Q1. Its down 0.09, from 0.88 in 2017Q4. It dropped, as 78 investors sold MCD shares while 616 reduced holdings. 106 funds opened positions while 439 raised stakes. 508.60 million shares or 1.89% less from 518.42 million shares in 2017Q4 were reported. Vantage Partners Ltd Llc holds 64,719 shares. Cim Lc holds 1,870 shares. United Automobile Association holds 0.38% of its portfolio in McDonald's Corporation (NYSE:MCD) for 907,875 shares. Hourglass Cap Ltd Llc stated it has 4,100 shares or 0.15% of all its holdings. Bessemer Grp owns 45,384 shares or 0.03% of their US portfolio. Lincoln Capital Llc invested in 2.89% or 34,164 shares. 548,177 were accumulated by Toronto Dominion Bancorp. Private Wealth Advsr reported 21,891 shares or 1.37% of all its holdings. Tnb Fincl invested in 23,467 shares. Willingdon Wealth Management, a North Carolina-based fund reported 8,565 shares. Notis invested in 0.29% or 3,050 shares. Gateway Advisers Llc accumulated 0.76% or 546,381 shares. Security Trust Com holds 0.33% in McDonald's Corporation (NYSE:MCD) or 6,349 shares. Da Davidson Communications holds 91,470 shares or 0.3% of its portfolio. Northeast Financial Consultants has 0.16% invested in McDonald's Corporation (NYSE:MCD) for 3,100 shares.

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 154 analyst reports since September 29, 2015 according to SRatingsIntel. The firm has “Buy” rating by Credit Suisse given on Thursday, June 8. The stock of McDonald's Corporation (NYSE:MCD) has “Buy” rating given on Wednesday, January 4 by Instinet. The stock of McDonald's Corporation (NYSE:MCD) earned “Outperform” rating by Bernstein on Thursday, May 25. SunTrust maintained the stock with “Buy” rating in Tuesday, January 30 report. The company was upgraded on Friday, February 2 by Credit Suisse. The company was maintained on Friday, October 13 by RBC Capital Markets. The stock of McDonald's Corporation (NYSE:MCD) earned “Outperform” rating by Credit Suisse on Tuesday, January 26. The stock of McDonald's Corporation (NYSE:MCD) earned “Hold” rating by Tigress Financial on Wednesday, November 29. The stock has “Hold” rating by Stifel Nicolaus on Wednesday, January 3. Mizuho maintained the stock with “Buy” rating in Wednesday, October 18 report.

Pictet Bank & Trust Ltd, which manages about $281.30M US Long portfolio, decreased its stake in Nike Inc (NYSE:NKE) by 5,194 shares to 28,984 shares, valued at $1.93 million in 2018Q1, according to the filing. It also reduced its holding in Tesla Inc (NASDAQ:TSLA) by 2,003 shares in the quarter, leaving it with 1,737 shares, and cut its stake in Citizens Finl Group Inc (NYSE:CFG).

McDonald's Corporation (NYSE:MCD) Institutional Positions Chart

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