Hollencrest Capital Management Dumps Almost Entire Stake in MCD

Hollencrest Capital Management decreased its stake in McDonald's Corporation (NYSE:MCD) by 98.6% during the 2nd quarter, according to a recent disclosure with the SEC.

The firm owned 266 shares of the fast-food giant's stock after selling 18,449 shares during the period.

Hollencrest Capital Management's holdings in McDonald's were worth $72,000 as of its most recent filing with the SEC.

Other hedge funds and institutional investors have also made adjustments to their stakes in McDonald's.