Confluence Cuts Stake in McDonald's Amid AI Pricing Concerns
McDonald's Corporation (NYSE:MCD) has seen its shares sold by Confluence Investment Management LLC, according to recent SEC filings. The company trimmed its stake in MCD by 9.9% during the third quarter.
The firm now owns 59,362 shares of McDonald's stock, worth $13,709,000 as of its most recent filing with the Securities and Exchange Commission. This move comes amid concerns over McDonald's AI pricing bet, which has made its stock slump even riskier.