Billionaire Bill Ackman Sold This Stock-Split Stock Hand Over Fist in Q2. Should You Sell It, Too?

Chipotle's fairy tale from the first half of 2024 has taken a dramatic plot twist.Billionaire Bill Ackman may or may not like to eat out. But he certainly seems to like investing in companies that profit from others eating out. His Pershing Square Capital Management hedge fund only owns nine stocks -- and two are in the restaurant industry.Of these two restaurant stocks, Ackman has a bigger position in Chipotle Mexican Grill (CMG -0.52%), which conducted a massive 50-for-1 stock split after the market close ...