Associated Banc Corp Boosts Stake in McDonald's Corporation

Associated Banc Corp increased its stake in McDonald's Corporation (NYSE:MCD) by 5.2% during the second quarter, according to a recent filing with the Securities and Exchange Commission. The firm owned 101,071 shares of the fast-food giant's stock after buying an additional 5,022 shares.

Associated Banc Corp's holdings in McDonald's were worth $27,321,000 at the end of the most recent reporting period. This is not the only institution that increased its stake in MCD during this time; several other hedge funds also purchased and sold shares of the company.

Among these institutions, Hamilton Point Investment Advisors LLC grew its position in McDonald's by 1.8% in the fourth quarter, while Encompass More Asset Management increased its stake by 1.5%. Richmond Investment Services LLC lifted its holdings in McDonald's by 1.4%, and Papamarkou Wellner Asset Management inc. increased its stake by 0.4%.

Physician Wealth Advisors Inc. boosted its position in McDonald's by 1.6% during the fourth quarter, adding to its existing stake of 2,102 shares worth $642,000. Institutional investors and hedge funds own approximately 70.29% of McDonald's stock.