Suncoast Equity Management acquired a new position in shares of McDonald's Co. ( NYSE:MCD – Get Rating ) during the 4th quarter, Holdings Channel reports. The fund acquired 5,043 shares of the fast-food giant's stock, valued at approximately $1,329,000. McDonald's comprises approximately 0.2% of Suncoast Equity Management's investment portfolio, making the stock its 27th largest position. Several other hedge funds have also modified their holdings of MCD. Arrowstreet Capital Limited Partnership raised its holdings in McDonald's by 1,189.

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