McDonald's Sees Major Stakeholder Sell Down Holdings

AIA Group Ltd has reduced its stake in McDonald's Corporation by 43.0% during the second quarter, according to the company's most recent 13F filing with the SEC.

The firm owned 13,497 shares of McDonald's stock after selling 10,185 shares during the quarter, which were worth $3,648,000 at the end of the period.

This is not an isolated instance, as other institutional investors and hedge funds have also been buying and selling shares of the fast-food giant.