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Diversify Wealth Boosts Stake in McDonald's Amid Price Competition

Guavy AI Editorial Team
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MCD
Share

Diversify Wealth Management LLC increased its stake in McDonald's Corporation by 12.3% during the second quarter, according to a recent filing with the Securities & Exchange Commission.

The institutional investor now owns 33,754 shares of the fast-food giant's stock, valued at $9,136,000 after buying an additional 3,686 shares during the quarter.

McDonald's has been focusing on lower-priced meals to win back cost-conscious customers and introducing new growth initiatives such as Red Bull energy drinks and limited-time menu items.

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