McDonald's Corporation
3 activist/short documents on this target.
Timeline
2005-11-15
Pershing Square · full deck
McDonald's real estate is worth ~$46bn, ~94% of enterprise value, but trades like a restaurant stock
N5 V4
2006-01-18
Pershing Square · full deck
McDonald's is fundamentally not a restaurant company — 78-86% of EBITDA comes from Brand McDonald's
N4 V3
2022-05-01
Carl Icahn · full deck
McDonald's board broke a 10-year promise to end gestation crates; replace Penrose and Lenny with two ESG experts to fix systemic governance and sustainability failures.
N4 V3