Stocks
Milford Cuts Stake in McDonald's by Nearly Half
Milford Funds Ltd., an institutional investor, has significantly reduced its stake in McDonald's Corporation (MCD) by 47.6% during the second quarter.
The fund now owns 37,218 shares of MCD stock, which is valued at $10.06 million as of its most recent SEC filing with the Securities & Exchange Commission.
This reduction in stake may be a sign that Milford Funds Ltd. has lost confidence in McDonald's growth prospects or believes the stock price has become too high to justify holding onto.