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McDonald's Loses Investor Confidence: Resona Asset Management Trims Stake

Guavy AI Editorial Team
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MCD
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Resona Asset Management Co. Ltd., an investment firm, reduced its stake in McDonald's (NYSE:MCD) by selling 16,364 shares during the second quarter, according to a recent SEC filing.

The firm now owns 243,605 shares of McDonald's stock, valued at $65,687,000, after trimming its position by 6.3%.

This is not an isolated incident; several other large investors have also adjusted their stakes in the fast-food giant during the same period.

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