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McDonald's Corporation $MCD Shares Sold by Smith Chas P & Associates PA Cpas
Smith Chas P & Associates PA Cpas significantly reduced its stake in McDonald’s (MCD) by 41.3% in Q3, selling over 73,000 shares. Company insiders, including EVP Jonathan Banner and Joseph M. Erlinger, have also been net sellers of the stock. Despite these sales, McDonald’s recently outperformed quarterly earnings estimates and declared a quarterly dividend, while analysts maintain a generally positive outlook with an average “Hold” rating.