McDonald's Corporation: A Favorite Amongst Institutional Investors

According to Yahoo Finance, McDonald's Corporation (NYSE:MCD) is a favorite amongst institutional investors, with 72% of them owning shares in the company. This is a testament to the trust and confidence that these investors have in the fast-food giant. McDonald's has consistently delivered impressive financial results, with Statista reporting a projected revenue of $23.7 billion for 2023. The company has also shown steady growth in revenue over the years, as illustrated by the revenue data from 2005-2023.

In a recent development, Marion Gross, an executive at McDonald's, sold 441,470 shares of the company's stock, according to a report by Investing.com. This sale may raise questions about the future prospects of McDonald's, but it is important to note that it is a personal decision by the executive and does not reflect the overall sentiment towards the company.

Despite this sale, Fiera Capital Corp, a prominent financial institution, has maintained its position in McDonald's, albeit at a reduced level. The company recently lowered its stock position in McDonald's Co. (NYSE:MCD), suggesting a strategic move in its investment portfolio.

While it is always advisable to seek professional advice when investing in stocks, considering the track record and popularity of McDonald's among institutional investors, it may be worth considering the potential future movement of the company's stock. Stocks Prognosis, a team of professionals specialized in stock predictions, can provide valuable insights and recommendations for those interested in investing in McDonald's Corporation.