First Manhattan Reduces $7M in McDonald's Corporation ($MCD)
Key Points
- First Manhattan changed its McDonald's Corporation ($MCD) stake by 4.3% last quarter, cutting to 540,296 shares worth $153.88 million.
- Wall Street's consensus rating on $MCD is Buy and an average price target of $331.29.
- $MCD last traded around $284.81.
First Manhattan trimmed its position in McDonald's Corporation ($MCD) by 4.3% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 540,296 shares of McDonald's Corporation after selling 24,387 shares during the quarter. First Manhattan's holdings in McDonald's Corporation were worth $153.88 million as of its most recent filing.
McDonald's Corporation ($MCD) Stock
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About McDonald's Corporation
McDonald's Corporation owns, operates, and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, frozen desserts, sundaes, soft serve cones, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions. The company owns and operates franchised restaurants under various structures, including conventional franchise, developmental license, or affiliate. McDonald's Corporation was founded in 1940 and is based in Chicago, Illinois.
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