Corient Private Wealth Cuts McDonald’s Holdings; Dividend Set Sept. 1
Corient Private Wealth LP reduced its McDonald’s stake by selling 112,215 shares during the quarter, leaving it with 745,825 shares. Hamilton Point, Richmond, and Papamarkou Wellner Asset Management added shares. Argus cut its McDonald’s target price to $310 from $320 while keeping a buy rating. McDonald’s set a $1.86 dividend for investors of record Sept. 1.