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Ally Financial Buys 18,000 Shares of McDonald’s; Promotions Lift Outlook

Ally Financial logoAlly Financial
Sig1.60Sen+1.20Env0.00Soc0.00Gov0.00
McDonald logoMcDonald
Sig0.92Sen+1.15Env0.00Soc+0.25Gov-0.35

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.

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