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HB Wealth Cuts Stake in McDonald's by 4.9% Amid Q2 Earnings

Guavy AI Editorial Team
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MCD
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HB Wealth Management LLC reduced its stake in McDonald's Corporation (NYSE:MCD) by 4.9% in the second quarter, according to a recent filing with the Securities & Exchange Commission.

The firm owned 82,678 shares of the fast-food giant's stock after selling 4,297 shares during the period.

McDonald's Corporation has a market capitalization of $180.94 billion and a price-to-earnings ratio of 20.77.

Analysts have been revising their target prices for McDonald's this month, with some upgrading their ratings due to the company's global expansion efforts, digital initiatives, and new product offerings.

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