McDonald's Loses Ground with Top Investor Flputnam

Flputnam Investment Management Co., a large investor in McDonald's Corporation (NYSE:MCD), reduced its stake in shares of the fast-food giant by 17.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission.

The firm owned 29,023 shares of McDonald's stock after selling 6,225 shares during the quarter. Flputnam Investment Management Co.'s holdings in McDonald's were worth $7,845,000 at the end of the most recent reporting period.

State Street Corp grew its position in McDonald's by 2.7% in the fourth quarter, and several other large investors also increased their stakes in the company during that time.