Stocks
HighTower Advisors Boosts Stake in McDonald's by 7.1%
HighTower Advisors LLC has increased its stake in McDonald's Corporation (NYSE:MCD) by 7.1% in the second quarter, according to a recent SEC filing.
The institutional investor acquired an additional 97,060 shares of the fast-food giant's stock during this period, bringing its total ownership to 1,471,725 shares.
HighTower Advisors LLC now owns 0.21% of McDonald's worth $397,822,000 at the end of the most recent quarter.
The company has a market capitalization of $180.94 billion and a P/E ratio of 20.77.