Given that McDonald’s is a mature company with little room to grow compared to that of the above peers, the company seems to have a fair valuation.
Chilton Investment Company exited its position in FedEx Corporation (FDX), which accounted for 2.55% of the fund’s 3Q14 portfolio.
Chilton Investment has invested more than $18 million in Endo International (ENDP), which now represents 0.65% of the hedge fund’s total portfolio.
Chilton Investment Company has invested more than $32 million in Sonic Corporation (SONC), which now represents 1.14% of Chilton’s total portfolio.
Company & Industry Overviews
According to McDonald’s management, “strong competitive activity” is affecting its sales. Other fast food chains don’t seem to be feeling the competition.