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Investment firms cut stakes in McDonald's, but the company met earnings estimates and raised dividends.
Several investment firms have reduced their stakes in McDonald's, with CCLA Investment Management and Oversea-Chinese Banking Corp lowering their holdings by 11.9% and 29.1%, respectively.
Despite these changes, McDonald's reported earnings per share of $2.67, matching analyst estimates, and announced a quarterly dividend of $1.77 per share.
The stock, currently trading at $302.88, has a market cap of $216.57 billion and is considered a "Hold" by analysts with a price target of $323.39.
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Las empresas de inversión recortaron las participaciones en McDonald's, pero la compañía cumplió con las estimaciones de ganancias y aumentó los dividendos.