Solidarity Wealth Cuts McDonald's Stake by Nearly 88%
Solidarity Wealth LLC trimmed its position in McDonald's Corporation by 87.9% during the second quarter, according to a recent filing with the Securities and Exchange Commission.
The firm owned 4,411 shares of the fast-food giant's stock after selling 32,023 shares during the period. Solidarity Wealth LLC's holdings in McDonald's were worth $1,192,000 as of its most recent filing with the SEC.
In contrast to Solidarity Wealth LLC, other hedge funds and institutional investors have been increasing their stakes in McDonald's. Vanguard Group Inc. increased its holdings in shares of McDonald's by 1% in the fourth quarter, while State Street Corp raised its stake in shares of McDonald's by 2.7%.
McDonald's has recently announced a quarterly dividend of $1.86 per share, which will be paid on September 16th to investors of record on September 1st.