Long-Term Returns of Bill Ackman’s 5 Activist Targets

1. Restaurant Brands International Inc. (NYSE:QSR)

Activist Investment: 2020
Long-Term Returns Since Ackman’s Investment: 40.39%
S&P 500 Gain Since Ackman’s Investment: 58.12%

Restaurant Brands International Inc. (NYSE:QSR) is a quick-service restaurant company operating through four segments: Tim Horton’s (TH), Burger King (BK), Popeye’s Louisiana Kitchen (PLK), and Firehouse Subs (FHS). Bill Ackman first took a position in the company in 2012.

However, he boosted his stakes at the height of the pandemic in 2020, buoyed by Restaurant Brands International Inc. (NYSE:QSR)’s predictable cash flows, durable growth, and high-quality business. Ramping stakes to 9.6% came with the confirmation that the stock was highly undervalued and an attractive investment.

“We bought a lot more stock in the company because we’re big believers in the company and its management,” said Pershing Square spokesperson Francis McGill in an email to BNN Bloomberg.

With the regulatory filling, Ackman said they intended to hold discussions with the management board and shareholders on various topics, including strategic options and governance.

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