Stocks
McDonald's Sees Increased Institutional Support Amid Share Price Decline
Kornitzer Capital Management Inc. KS has increased its stake in McDonald's Corporation (NYSE:MCD) by 23.1% during the second quarter, according to a recent SEC filing.
The institutional investor now owns 44,068 shares of MCD's stock, which is worth approximately $11,912,000.
This is not an isolated case, as other investors have also been buying into McDonald's. Your Advocates Ltd. LLP, for example, purchased a new position in the company during the fourth quarter worth around $27,000.