A Look at Zach Schreiber’s Top Picks Ahead of His Ira Sohn Presentation

In McDonald’s Corporation (NYSE:MCD), PointState cut its stake by 30% to 1.38 million shares worth $162.89 million. The fast food giant is currently trying to reshape its business in Asia and last week, Reuters reported that the company plans to sell 2,800 restaurants in North Asia to private equity firms. Citing people familiar with the matter, Reuters said that the firms that might be involved in transactions include Bain Capital, MBK Partners, TPG Capital Management and China Resources. In this way, McDonald’s Corporation (NYSE:MCD)’s will franchise the restaurants and will receive a one-time payment and annual royalty fees. McDonald’s Corporation (NYSE:MCD)’s stock has gained 9% since the beginning of the year and currently sports a dividend yield of 2.76%. During the fourth quarter, the number of funds long the stock (among those we track) went up by nine to 84. Jonathon Jacobson’s Highfields Capital Management held the largest stake in the list, which contained 11.90 million shares at the beginning of 2016.

On the other hand, PointState boosted its stake in Time Warner Cable Inc (NYSE:TWC) nearly fivefold to 772,360 shares worth $143.34 million. Time Warner Cable Inc (NYSE:TWC) is currently in the process of being acquired by Charter Communications, Inc. (NASDAQ:CHTR) in a deal that was worth $55 billion at the time of the announcement last May. The merger is currently awaiting regulatory approval and if completed would create the largest US cable company, while also leading to annual synergies worth estimated $800 million. Among the funds tracked by Insider Monkey, 103 investors amassed nearly 29% of Time Warner Cable Inc (NYSE:TWC)’s outstanding stock heading into 2016.

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