Bank of New York Mellon Invests $1.36 Billion in McDonald's

Bank of New York Mellon Corp has made a significant investment in McDonald's Corporation. According to its most recent 13F filing, the fund acquired 5,028,581 shares of McDonald's stock, valued at approximately $1,359,276,000.

This purchase represents a new stake for Bank of New York Mellon Corp and makes up 0.71% of McDonald's total outstanding shares.

McDonald's has also been the subject of various analyst predictions and price targets in recent weeks. UBS Group set a $305.00 target price on McDonald's, while Mizuho lowered their price target from $300.00 to $290.00.