McDonald's Sees Increased Investor Interest Amid Earnings Beat

Quantitative Investment Management LLC has purchased a new position in shares of McDonald's Corporation (NYSE:MCD) valued at approximately $3,310,000. The institutional investor acquired 12,246 shares during the second quarter.

Several other large investors have also added to or reduced their stakes in MCD. Hamilton Point Investment Advisors LLC lifted its stake in shares of McDonald's by 1.8% during the fourth quarter and now owns 1,750 shares worth $535,000 after purchasing an additional 31 shares. Encompass More Asset Management raised its holdings in shares of McDonald's by 1.5% during the same period.

On August 4th, McDonald's reported earnings per share for the quarter, topping analysts' consensus estimates of $3.32 with a result of $3.38. The company's revenue was up 3.7% compared to the same quarter last year and is expected to post 12.87 earnings per share for the current fiscal year.