Buffett Doubles Stake in McDonald’s

Billionaire investor Warren Buffett disclosed that Berkshire Hathaway Inc., a holding company he controls, doubled its investment in McDonald’s Corp. last year. In a year-old filing with the SEC just released, Berkshire disclosed that it held 9.34 million McDonald’s shares worth $357.3 million at the end of September 1995. Those holdings are twice the 4.7 million McDonald’s shares, valued at $181.9 million, that Berkshire reported holding at the end of June last year. McDonald’s stock rose $1.75, after news of the filing was released, to close at $48.13 on NYSE.