Ally Financial Buys 18,000 Shares of McDonald’s; Promotions Lift Outlook
Ally Financial bought 18,000 shares of McDonald’s stock worth about $4.87 million. Revolve Wealth Partners LLC and Sivia Capital Partners LLC also increased holdings, with Sivia adding shares worth about $589,000. The outlook highlights new fall beverages, breakfast and Hello Kitty-Godzilla Happy Meal toys, while some customers criticized the iced coffee and noted modest execution and demand risk. Insider selling followed, including an executive vice president and other insiders.