Restaurant Brands Intl 주식 (NYSE: QSR)

에 대한 최신 뉴스 Restaurant Brands Intl (NYSE:QSR) 주식

Restaurant Brands Intl

Restaurant Brands International is one of the largest restaurant companies in the world, with approximately $43 billion in 2023 systemwide sales across a footprint that spanned more than 31,000 restaurants and more than 100 countries. The firm generates revenue primarily from retail sales at its company-owned restaurants, royalty fees and lease income from franchised stores, and from its Tim Hortons supply chain operations. Formed in 2014 after 3G Capital's acquisition of Tim Hortons International, the RBI portfolio is split among Burger King (7,144 units), Tim Hortons (4,525 units), Popeyes Louisiana Kitchen (3,394 units), Firehouse Subs (1,265 units), and international franchise units of those banners (14,742) as of year-end 2023.

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ANCTF

만약 인수 제안이 승인되고 캐나다 최대 공기업들 중 하나가 역사를 만들면 편의점 체인인 세븐일레븐(7-Eleven)이 곧 일본 기업을 대상으로 한 최대 규모 인수에 포함될 수 있다.

세븐일레븐이… 캐나다 기업이 될 수도? 일본 체인이 어떻게 변할 수 있는지

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패스트푸드 지주 회사인 레스토랑 브랜드 인터내셔널(NYSE:QSR)은 중국에서 두 건의 전략적 거래를 발표하여 전 세계 최대 규모의 퀵 서비스 레스토랑 시장 중 하나에 대한 신뢰를 강화했다.

레스토랑 브랜드가 파파이스 차이나과 팀스 차이나 거래로 성과 강화

Hedge Funds

ACGL

빌 액크만(Bill Ackman)의 헤지 펀드 퍼싱 스퀘어 캐피털 매니지먼트(Pershing Square Capital Management)는 IPO 공모 계획에 앞서 지분 10%를 매각할 예정이다. 사건의 전말 (What Happened): 퍼싱 스퀘어는 월요일 오전 설명에서 이번 지분 매각을 발표했다.

빌 애크만의 퍼싱 스퀘어가 10% 지분을 매각하고, IPO는 2025년 계획

Restaurant Brands International Inc. Common Shares

Restaurant Brands International Inc

Restaurant Brands (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/qsr#NYSE">QSR</a>)&nbsp;owns massive fast-food chains like Burger King, Popeyes, and Tim Hortons. The company has&nbsp;received approval for its share buyback program, under which it will be able to repurchase up to 10% or $500 million worth of its outstanding shares over the next year. Let&#39;s explore&nbsp;what this announcement really means and compare the company to the competition on key metrics.
<h2>Repurchases: Better to Have and Not Need Than the Other Way Around</h2>
Should the company decide to use its buyback capabilities, it would benefit shareholders. Share buybacks support the earnings-per-share (EPS) of a company by lowering the share count. This also means each share that continues to be outstanding is worth a larger percentage of the overall company.
Counterintuitively, it&#39;s likely a better overall outcome for shareholders if the buyback program is not used. This is because the company is only likely to initiate buybacks if the share price falls significantly. The company started buying back shares in Oct. 2023, when the stock price had fallen nearly 10% in two weeks. This helped support the stock price at that time.
Since then, outstanding shares have climbed to their highest level in the past year, while the share price has been flat. More than anything, this announcement shows the firm&#39;s willingness to step in to help prevent the stock price from dropping rapidly.
Although it might not be the flashiest thing in the world, it clearly provides benefits to shareholders. Ideally, they won&#39;t need to use it. This can be understood better by exploring the phrase, &quot;it will be able to repurchase up to 10% or $500 million worth of its outstanding shares.&quot;
This means the company can repurchase the lesser (or equal) of these two figures, depending on its market capitalization. Based on its current market cap of $32 billion, $500 million represents 1.5% of the company&#39;s outstanding shares. So, for the company to repurchase 10% of its shares, the market cap would have to be $5 billion.
That could only happen if shares declined by 84%, a result that obviously no shareholder wants. However, the company can still use the repurchases strategically to support the share price when it starts falling modestly, which is a much more likely outcome. It&#39;s imperative to examine the current state of Restaurant Brands outside of this announcement.
<h2>Rate Cuts Are Good News for Non-Essential Goods</h2>
There are other things to like about Restaurant Brands. The company operates in the consumer discretionary sector, where the goods sold are considered non-essential. With impending interest rate cuts, firms in the consumer discretionary sector can benefit. The CME FedWatch Tool now projects a 62% probability of the Federal Reserve dropping interest rates by 50 basis points at its Sept. 18 meeting.
Additionally, by the Dec. 18 meeting, there is nearly a two-thirds probability that rates will fall by 120 basis points or more from current levels. This drop in rates can allow people to refinance their home loans and lower their monthly payments. By doing this, they can spend less on essentials like housing and have more money to spend on non-essential goods.
One analyst is particularly bullish on the company. RBC raised its price target for Restaurant Brands a week ago to $95. The current price of around $70 implies an upside of 36%.
<h2>Comparative Analysis: Restaurant Brands Shows Favorable Signs</h2>
Compared to other&nbsp;restaurant stocks, the company looks encouraging in several metrics. Its forward-looking dividend yield of 3.3% is significantly above that of most other U.S. and Canadian quick-service restaurant (QSR) stocks. Its forward price-to-earnings (P/E) ratio of 19.3x is below average compared to a peer group of nine U.S. and Canadian QSR firms with market capitalizations of at least $2 billion.
Also, the company has done well in an environment where other QSR firms are struggling to grow revenues. The compound annual growth rate (CAGR) of more than 10% over the past two years exceeds the 7% average for this group. It&#39;s also twice that of the biggest player in the space, McDonald&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mcd#NYSE">MCD</a>), which has had a 5% revenue CAGR over the same period.
Forecasts for EPS growth over the next two years also look good at a CAGR of 14%, above the 11.5% average for these nine firms.
The article &quot;<a href="https://www.marketbeat.com/originals/what-buybacks-and-lower-rates-could-mean-for-restaurant-brands/">What Buybacks and Lower Rates Could Mean for Restaurant Brands</a>&quot; first appeared on MarketBeat.

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What Buybacks and Lower Rates Could Mean for Restaurant Brands

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Shares of restaurant companies are trading higher following the Fed's rate cut, which could boost industry traffic through an increase in consumer discretionary incomes.

JP Morgan analyst John Ivankoe maintains Restaurant Brands Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QSR#NYSE">QSR</a>) with a Overweight and raises the price target from $80 to $84.

JP Morgan Maintains Overweight on Restaurant Brands Intl, Raises Price Target to $84

TD Cowen analyst Andrew Charles reiterates Restaurant Brands Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QSR#NYSE">QSR</a>) with a Buy and maintains $82 price target.

Reiteration

TD Cowen Reiterates Buy on Restaurant Brands Intl, Maintains $82 Price Target

Restaurant Brands International Inc. ("RBI") (TSX:<a class="ticker" href="https://www.benzinga.com/stock/QSR#TSX">QSR</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QSR#NYSE">QSR</a>) announced today that it has filed, and the Toronto Stock Exchange (the "TSX") has accepted, notice of RBI's intention to renew its normal course issuer bid (the "NCIB") for its common shares. The&nbsp;NCIB is being conducted in furtherance of RBI's board-approved share repurchase authorization that allows RBI to purchase up to U.S.$500 million of its common shares through September 30, 2025 (the "Repurchase Authorization").&nbsp; While share repurchases remain part of our capital allocation philosophy, we are currently prioritizing our 2024 net leverage target.

TSX:QSR

Restaurant Brands International Announces Renewal Of Normal Course Issuer Bid That Allows RBI To Purchase Up To $500M Of Its Common Shares Through September 30, 2025

RBC Capital analyst Christopher Carril maintains Restaurant Brands Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QSR#NYSE">QSR</a>) with a Outperform and raises the price target from $90 to $95.

RBC Capital Maintains Outperform on Restaurant Brands Intl, Raises Price Target to $95

Shares of restaurant companies are trading higher. August's CPI report showed a slowing in the rise of food at home costs.

Guggenheim analyst Gregory Francfort maintains Restaurant Brands Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QSR#NYSE">QSR</a>) with a Neutral and raises the price target from $73 to $74.

Guggenheim Maintains Neutral on Restaurant Brands Intl, Raises Price Target to $74

RBI expects to use the proceeds from the offering of the Notes, together with cash on hand, to redeem in full the Issuers&#39; outstanding&nbsp;5.750%&nbsp;First Lien Senior Secured Notes due 2025 (the &quot;2025 Notes&quot;) and pay related fees and expenses. The Issuers expect to redeem&nbsp;$500 million&nbsp;in aggregate principal amount of 2025 Notes. This press release does not constitute a notice of redemption with respect to the 2025 Notes. The combined effect of the offering of the Notes and the redemption of the 2025 Notes will be neutral to net leverage and accretive to interest expense.

Reported Earlier, Restaurant Brands International Prices $500M 5.625% First Lien Senior Secured Notes Due 2029 To Redeem 2025 Debt

Bill Ackman, <a href="https://www.benzinga.com/topic/bill-ackman">the visionary leader </a>of Pershing Square Capital Management, is making headlines in the financial world with a potential strategic shift from a U.S. closed-end fund IPO to the potential launch of <a href="https://www.benzinga.com/topic/pershing-square">a Pershing Square</a> Exchange-Traded Fund (ETF).
The development was <a href="https://www.msn.com/en-gb/money/other/ackman-may-launch-pershing-square-etf/vi-AA1psU4Q?ocid=socialshare">reported</a> by Bloomberg&#8217;s Eric Balchunas and Katie Greifeld, who detailed Ackman&#8217;s potential shift from a closed-end fund IPO to launching a Pershing Square ETF.
This move comes on the heels of his decision to <a href="https://www.benzinga.com/news/24/07/40082441/bill-ackman-hits-pause-on-pershing-square-ipo-after-investors-hesitate">pull the planned IPO</a>, a shift that could redefine how investors access his high-profile investment strategies.
<h2 class="wp-block-heading">From Closed-End Fund To ETF: What's Behind The Shift?</h2>
Ackman had initially set the stage for a closed-end fund, a traditional investment vehicle known for its potential to trade at significant premiums or discounts to its net asset value (NAV). 
However, considering the current volatility in the IPO market and shifting investor preferences, Ackman is reportedly exploring a more flexible and accessible ETF structure.
Read Also: <a href="https://www.benzinga.com/markets/equities/24/08/40147389/bill-ackmans-pershing-square-sinks-4-7-in-july-dashing-2024-gains">Bill Ackman&#8217;s Pershing Square Sinks 4.7% In July, Dashing 2024 Gains</a>
<h2 class="wp-block-heading">Why An ETF Might Be The Game-Changer</h2>
<ol>
<li>Increased Accessibility and Liquidity: Unlike closed-end funds, ETFs are traded throughout the day like stocks and typically trade close to their NAV due to an in-built arbitrage mechanism. This could attract a broader range of investors, from retail to institutional, enhancing liquidity and transparency.</li>
<li>Cost and Tax Efficiency: ETFs generally boast lower fees and greater tax efficiency compared to closed-end funds. This could be a significant draw for investors looking to benefit from Ackman's investment prowess without the higher costs associated with traditional closed-end funds.</li>
<li>Modern Investment Trends: The ETF market has surged in recent years, driven by demand for liquid, cost-effective, and transparent investment options. Ackman's potential ETF could tap into this trend, aligning Pershing Square with the preferences of today's investors.</li>
</ol>
<h2 class="wp-block-heading">Implications For Investors</h2>
For investors, the prospect of a Pershing Square ETF presents an exciting opportunity to gain exposure to Ackman's concentrated investment strategies.
As of the second quarter this year, Ackman&#8217;s Pershing Square Capital hedge fund was focused on 10 holdings, <a href="https://whalewisdom.com/filer/pershing-square-capital-management-l-p">including</a>:
<ul>
<li>Hilton Worldwide Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLT#NYSE">HLT</a>) &#8211; 18.50%</li>
<li>Chipotle Mexican Grill, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) &#8211; 20.10%</li>
<li>Restaurant Brands International Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QSR#NYSE">QSR</a>) &#8211; 16.65%</li>
<li>Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) &#8211; 13.11%</li>
<li>Canadian Pacific Railway Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CP#NYSE">CP</a>) &#8211; 11.16%</li>
<li>Howard Hughes Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HHH#NYSE">HHH</a>) &#8211; 11.13%</li>
<li>Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) &#8211; 6.88%</li>
<li>Brookfield Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BN#NYSE">BN</a>) &#8211; 2.70%</li>
<li>Nike Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) &#8211; 2.17%</li>
<li>Seaport Entertainment Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SEG#NYSE">SEG</a>) &#8211; 0.62%</li>
</ul>
An ETF could surely offer diversification, tax advantages, and access to a high-profile manager's stock picks. However, potential investors should weigh these benefits against the inherent risks of actively managed funds.
As the ETF market continues to grow, Ackman's potential shift to this vehicle could position Pershing Square at the forefront of modern investing trends.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40576919/goldman-sachs-lowers-oil-price-forecasts-says-us-supply-beating-expectations-downpl">Goldman Sachs Lowers Oil Price Forecasts, Says US Supply &#8216;Beating Expectations,&#8217; Downplays Libya Output Disruptions</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

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Bill Ackman Weighs Pivot To ETF After Abandoning Closed-End Fund IPO: Report

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Watching Papa John's International; Traders Circulate Unconfirmed Analyst Comments Suggesting 3G Capital And Restaurant Brands International Could Possibly Make A Bid

A proposed buyout offer of 7-Eleven parent company Seven &amp; I Holdings Co could take the American convenience store from being owned by a Japanese company to<a href="https://www.benzinga.com/markets/asia/24/08/40448182/7-eleven-may-become-canadian-how-japanese-chain-could-change"> a Canadian company.</a>
Many people likely have no idea that 7-Eleven is currently owned by a Japanese company according to a poll of Benzinga readers.
What Happened: Canadian convenience store owner Alimentation Couche-Tard Inc (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ANCTF#OTC">ANCTF</a>) has proposed an offer to buy Seven &amp; I Holdings Co, the owner of 7-Eleven, for a reported $31 billion. The news of the deal sent shares of Seven &amp; I Holdings <a href="https://www.benzinga.com/markets/asia/24/08/40453525/7-eleven-owner-seven-i-holdings-sees-6-drop-in-shares-amid-alimentation-couche-tards-potential-takeo">higher to start the week.</a>
7-Eleven was founded in the 1920s in Texas, which currently serves as the company's headquarters. The convenience store has been owned by the Japanese company since 2005, which many Americans likely weren't aware of.
"Did you know that 7-Eleven is a Japanese-owned company?" Benzinga asked its readers.
Seventy-one percent of poll respondents answered no, with 29% saying yes that they knew 7-Eleven was owned by a Japanese company.
While most readers weren't familiar with this example, there are dozens more American companies owned by foreign companies. Here are some examples.
Ben &amp; Jerry's: The American ice cream company founded in Vermont, now owned by Unilever (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UL#NYSE">UL</a>), a U.K. food and consumer products conglomerate.
Burger King: The restaurant brand is owned by Restaurant Brands International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QSR#NYSE">QSR</a>), a Canadian-American company headquartered in Toronto that also owns Canadian coffee retail brand Tim Horton's.
Trader Joe's: The grocery store brand is owned by German company Aldi Nord, which also owns Aldi.
Smithfield Foods: The American pork producer and food processing company is owned by WH Group, a Chinese food company.
Chrysler: One of the American "Big 3" automakers, Chrysler is now a unit of Stellantis NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>), which is headquartered in the Netherlands.
Budweiser: One of the top-selling American beer brands, Budweiser was founded in St. Louis, Missouri in 1876. The company is now owned by Anheuser-Busch InBev (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BUD#NYSE">BUD</a>), which is headquartered in Belgium.
Read Also: <a href="https://www.benzinga.com/top-stories/24/08/40423891/buffett-musk-wood-cuban-or-ackman-who-do-investors-trust-most-with-life-savings-poll-shows-it-isnt-e">Buffett, Musk, Wood, Cuban Or Ackman: Who Do Investors Trust Most With Life Savings? Poll Shows It Isn&#8217;t Even Close</a>
Why It's Important: If Alimentation Couche-Tard Inc. completes its takeover of 7-Eleven parent Seven &amp; I, it would create the world&#8217;s leading convenience store operator, with over 100,000 combined locations globally.
The deal would also mark the largest takeover of a Japanese company if the buyout offer is approved.
Alimentation Couche-Tard is one of the most valuable Canadian public companies, and it would likely elevate into the top 10.
With a combined total of over 20,000 locations in the United States, the potential merger could face regulatory scrutiny in North America.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/restaurants/24/07/39635507/joey-chestnut-the-patriot-reigning-champ-shuns-chinese-backed-hot-dogs-for-impossible-america">Joey Chestnut The Patriot? Reigning Champ Shuns Chinese-Backed Hot Dogs For &#8216;Impossible&#8217; American Ones</a></li>
</ul>
The study was conducted by Benzinga on Aug. 19 and Aug. 20, 2024, and included the responses of a diverse population of adults 18 or older. Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects results from 121 adults.
Image created using artificial intelligence via Midjourney.

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STLA

7-Eleven Owned By A Japanese Company? 71% Of Benzinga Poll Respondents Surprised: Other Foreign-Owned US Companies Revealed

Convenience store chain 7-Eleven could soon be part of the largest takeover of a Japanese company if a buyout offer is approved and history is made by one of the largest<a href="https://www.benzinga.com/money/how-to-buy-canadian-stocks"> Canadian public companies.</a>
What Happened: Canadian convenience store owner Alimentation Couche-Tard Inc (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ANCTF#OTC">ANCTF</a>) has proposed an offer to buy Seven &amp; I Holdings Co, the <a href="https://www.benzinga.com/topic/7-eleven">owner of 7-Eleven.</a>
Alimentation Couche-Tard, which owns the Couche-Tard, Circle K, Holiday and On the Run brands, is the 13th most valuable Canadian public company according to <a href="https://companiesmarketcap.com/canada/largest-companies-in-canada-by-market-cap/">CompaniesbyMarketCap</a>.
The convenience store operator has bid $31 billion to buy Seven &amp; I Holdings Co according to a <a href="https://www.bloomberg.com/news/articles/2024-08-19/couche-tard-made-buyout-offer-for-seven-i-nikkei-reports?srnd=homepage-americas&amp;sref=TBDibEcD">report </a>from Bloomberg. If the transaction is approved, it would mark the largest foreign takeover of a Japanese company.
The merger proposal, which is reportedly being reviewed by Seven &amp; I, would create the world leader of convenience stores with more than 100,000 units worldwide.
Seven &amp; I and Couche-Tard have confirmed that a "friendly, non-binding proposal' was made according to the report, with Seven &amp; I saying a special independent committee is reviewing the offer.
Best known as the owner of 7-Eleven, Seven &amp; I is also the owner of Denny's restaurants in Japan, a supermarket chain and a bank brand.
Read Also: <a href="https://www.benzinga.com/markets/equities/24/04/38185863/seven-i-holdings-contemplates-separation-of-retail-arm-shifts-focus-to-7-eleven-expansion">Seven &amp; I Holdings Contemplates Separation Of Retail Arm, Shifts Focus To 7-Eleven Expansion</a>
Why It's Important: The merger of 7-Eleven and Couche-Tard would create a market leader with a strong presence in North America and beyond.
Couche-Tard has <a href="https://corpo.couche-tard.com/en/our-company/where-we-operate/">around </a>16,700 stores, with the U.S. (7,131) and Canada (2,142) the two largest markets by store count. Other big territories for the retailer include Germany (1,191) and Mexico (856).
The merger would combine the smaller Couche-Tarde with Seven &amp; I, which has over 85,000 locations. Couche-Tard's higher market capitalization gives the Canadian company the edge in the merger.
While Seven &amp; I is a Japanese company, the convenience store owner gets around 75% of annual sales from North America and 25% from Japan.
Seven &amp; I shares soared on news of the bid, marking their biggest one day gain. Although, shares of the Japanese company have fallen 21% since the end of February.
Activist investor ValueAct Capital Management has pushed for changes at the Japanese company with a focus on the potential value unlock of 7-Eleven, which it argued could be worth more than four times the value of Seven &amp; I as a standalone business.
Couche-Tard has expanded into new territories through acquisition previously, and saw a $20 billion bid to buy European retailer Carrefour called off over concerns from the French government in 2021.
The proposed Seven &amp; I deal could see regulatory pressure in North America, with the combined company the owner of over 20,000 units in the U.S.
Seven &amp; I previously<a href="https://www.benzinga.com/m-a/20/08/16890900/7-eleven-to-buy-marathon-petroleum-convenience-stores-arm-speedway-for-21b"> purchased the Speedway gas station</a> and convenience chain from Marathon Petroleum in 2021 for $21 billion.
The merger between the brands could recall a 2014 restaurant merger for some investors. Canadian coffee chain Tim Horton&#8217;s merged with Burger King in 2014. The two restaurant companies are now part of Restaurant Brands International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QSR#NYSE">QSR</a>) and have a large footprint of stores in the U.S., Canada and other markets.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/01/36594233/sunocos-strategic-moves-1b-7-eleven-deal-european-terminals-acquisition-growth-focus">Sunoco&#8217;s Strategic Moves: $1B 7-Eleven Deal, European Terminals Acquisition, Growth Focus</a></li>
</ul>
Photo: Unsplash

7-Eleven May Become… Canadian? How Japanese Chain Could Change

Truist Securities analyst Jake Bartlett maintains Restaurant Brands Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QSR#NYSE">QSR</a>) with a Buy and lowers the price target from $87 to $86.

Truist Securities Maintains Buy on Restaurant Brands Intl, Lowers Price Target to $86

Pershing Square Q2 2024 13F Shows 3,773% Increase In Chipotle Stake; Reduces Holdings In Alphabet, Hilton, And Restaurant Brands; Adds New Positions In Brookfield Corp With 6.85M Shares And Nike With 3.04M Shares

Settlement Expected By August 30, 2024

Offerings

Restaurant Brands International Receives Exchange Notice From 3G Capital Affiliate For 6.53M Exchangeable Units; Units To Be Exchanged For Equal Number Of RBI Common Shares; Selling Shareholder Commences Public Offering Of Up To 6.53M Common Shares

Restaurant Brands International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QSR#NYSE">QSR</a>), a key holding in Bill Ackman's Pershing Square Capital portfolio, reported a mixed bag of results for<a href="https://www.benzinga.com/quote/QSR/earnings"> its second quarter</a>. 
Ackman's Pershing Square Capital, which owns 8.5% of Restaurant Brands, has the stock as its third-largest holding. The stock alone makes up 16.49% of the hedge fund&#8217;s portfolio.
Restaurant Brands recently reported its second-quarter earnings on Aug. 8. While the company&#8217;s revenue surpassed analysts&#8217; estimates, largely driven by Canadian coffee giant Tim Hortons, the stock is struggling to gain traction.
Read Also: <a href="https://www.benzinga.com//node/40258987">Burger King Parent Restaurant Brands Gains After Q2 Results &#8211; Revenue Shines Amid Bold Future Plans</a>
<h1 class="wp-block-heading">Coffee's Hot, But This Stock's Not</h1>
Despite Tim Hortons&#8217; strong performance and the company's international growth, the stock has not reflected the optimism. Restaurant Brands stock is down 2.54% over the past year and 6.92% year-to-date.
CEO Josh Kobza highlighted on the earnings call that while the company's top-line results could have been better, Restaurant Brands International has continued to outperform key competitors in some of its largest markets. 
However, this positive spin hasn&#8217;t been enough to lift investor sentiment or the stock price.
<h1 class="wp-block-heading">Technicals Say ‘Hold The Fries' On This One</h1>
Technically, the stock's outlook is clouded by bearish indicators. 
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent081224&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="627" height="456" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/12141852/Screenshot-2024-08-12-at-11.48.36-PM.png" alt="" class="wp-image-490595" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/12141852/Screenshot-2024-08-12-at-11.48.36-PM.png 627w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/12141852/Screenshot-2024-08-12-at-11.48.36-PM-300x218.png 300w" sizes="(max-width: 627px) 100vw, 627px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent081224&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
Restaurant Brand's current share price of $70 is below its five-, 20- and 50-day exponential moving averages, signaling a strongly bearish trend with slight selling pressure.
The eight-day simple moving average at $70.52, the 20-day SMA at $70.89 and the 50-day SMA at $70.17, all suggest bearish signals. 
So, the overall trend remains weak, especially with the 200-day SMA at $73.32, marking another bearish signal.
<h1 class="wp-block-heading">Ackman's Investment Recipe – Needs A Little More Spice</h1>
Ackman might need more than just Tim Hortons' success to turn things around for his third-largest holding. With the stock trending lower and technical indicators flashing caution, investors may need to brace for a bumpy ride ahead.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/equities/24/08/40147389/bill-ackmans-pershing-square-sinks-4-7-in-july-dashing-2024-gains">Bill Ackman&#8217;s Pershing Square Sinks 4.7% In July, Dashing 2024 Gains</a></li>
</ul>
Courtesy: Restaurant Brands International

Technicals

Global

Bill Ackman's Third-Largest Holding Faces Bearish Headwinds Despite Tim Hortons Boost

Piper Sandler analyst Brian Mullan maintains Restaurant Brands Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QSR#NYSE">QSR</a>) with a Neutral and lowers the price target from $82 to $75.

Piper Sandler Maintains Neutral on Restaurant Brands Intl, Lowers Price Target to $75

Wells Fargo analyst Jon Tower maintains Restaurant Brands Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QSR#NYSE">QSR</a>) with a Overweight and lowers the price target from $80 to $77.

Wells Fargo Maintains Overweight on Restaurant Brands Intl, Lowers Price Target to $77

RBC Capital analyst Logan Reich reiterates Restaurant Brands Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QSR#NYSE">QSR</a>) with a Outperform and maintains $90 price target.

RBC Capital Reiterates Outperform on Restaurant Brands Intl, Maintains $90 Price Target

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