Danske Bank Scoops Up Significant Stake in McDonald's

Danske Bank A S has acquired a significant new stake in McDonald's Corporation, snapping up 369,319 shares of the fast-food giant during the second quarter. The acquisition is valued at approximately $99,831,000, according to its most recent Form 13F filing with the Securities and Exchange Commission.

The fund now owns 0.05% of McDonald's stock as of its most recent filing with the SEC. Other large investors have also been buying into McDonald's, including Your Advocates Ltd. LLP, IFC & Insurance Marketing Inc., Abound Financial LLC, DecisionPoint Financial LLC, and Entrust Financial LLC.

The market capitalization of McDonald's Corporation is approximately $188.86 billion, with a PE ratio of 21.68 and a beta of 0.41. The company has reported earnings per share (EPS) of $3.38 for the quarter, beating analysts' consensus estimates by $0.06.