Sciencast Boosts Stake in McDonald's with $3.9 Million Investment
Sciencast Management LP, an investment firm, recently increased its stake in McDonald's Corporation (NYSE:MCD) by 287.7% in the second quarter. This significant boost was disclosed through the company's most recent 13F filing with the Securities and Exchange Commission.
The firm now owns a total of 14,654 shares of McDonald's stock, which are valued at approximately $3,961,000 as of its latest filing. This substantial investment marks a notable increase in Sciencast Management LP's holdings in the fast-food giant.
This is not an isolated instance; other institutional investors have also modified their positions in McDonald's during the fourth quarter. Vanguard Group Inc., for example, lifted its holdings by 1% and now owns 72,351,127 shares of the company's stock worth $22,112,675,000.