Stocks
McDonald's Sees Fresh Investment from Institutional Investor
Plato Investment Management Ltd has made a new investment in McDonald's Corporation, purchasing 18,857 shares of its stock in the second quarter. The institutional investor bought these shares for approximately $5,067,000.
This is not an isolated instance; other hedge funds have also altered their positions in MCD during this period. For example, DecisionPoint Financial LLC raised its position by 1,616.7% in the fourth quarter and now owns 103 shares valued at $31,000.
Institutional investors and hedge funds collectively own 70.29% of McDonald's stock. During this time, EVP Desiree Ralls-Morrison sold 2,763 shares for an average price of $278.36, resulting in a total transaction value of $769,108.68.