McDonald's Loses 10% Institutional Support from Wellington Management Group LLP
Wellington Management Group LLP reduced its stake in McDonald's Corporation by 9.9% during the second quarter, according to a recent SEC filing.
The fund sold 338,831 shares of MCD, leaving it with 3,075,944 shares worth $831.46 million as of June 30th.
This represents about 0.43% of McDonald's outstanding shares and is one of the largest institutional positions in the company.