Waterloo Capital L.P. Cuts Stake in McDonald's by Nearly 80% After Selling 6,613 Shares

Waterloo Capital L.P., an institutional investor, made significant adjustments to its holdings in McDonald's Corporation (NYSE:MCD) during the second quarter. According to a recent SEC filing, Waterloo Capital reduced its position in MCD by 79.1% after selling 6,613 shares.

The fund owned 1,743 shares of McDonald's stock worth $471,000 as of its most recent filing with the SEC. This significant reduction in holdings comes amidst mixed sentiment regarding McDonald's performance.

While some analysts and investors are optimistic about McDonald's growth initiatives, including the introduction of Red Bull energy drinks and new menu items, others have expressed concerns about the company's ability to execute on its turnaround strategy.

In related news, EVP Desiree Ralls-Morrison sold 2,763 shares of MCD stock in a transaction that occurred on May 28th. The sale was disclosed in a filing with the SEC and represents a 30.59% decrease in her position.