Stocks
Erste Asset Management Sells Big Chunk of McDonald's Stock
Erste Asset Management GmbH has reduced its stake in McDonald's Corporation by 84.1% during the second quarter, according to a recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,780 shares of McDonald's stock after selling 35,886 shares during the quarter.
The value of Erste Asset Management GmbH's holdings in McDonald's was $1,854,000 as of its most recent SEC filing. This is a significant decrease from previous quarters.
Other institutional investors have also been buying and selling shares of MCD. Vanguard Group Inc., for example, raised its holdings in McDonald's by 1.0% during the fourth quarter and now owns 72,351,127 shares worth $22,112,675,000.