5 Stocks Prem Watsa Just Bought and Sold

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

Fairfax Financial’s Q3 2023 Investment: $2.8 million

Bought Or Sold: Sold

Percentage Increase or (-)Decrease: -4%

Restaurant Brands International Inc. (NYSE:QSR) is a Canadian restaurant chain that owns popular brands such as Burger King and Tim Horton’s. Despite slowing economies everywhere, its third quarter results were quite strong as the company posted 10.9% annual revenue growth. However, its net income dropped to $364 million from the $530 million in the year ago quarter.

As of June 2023, 26 out of the 910 hedge funds surveyed by Insider Monkey had bought and owned Restaurant Brands International Inc. (NYSE:QSR)’s shares. During Q3, the firm’s biggest shareholder was Bill Ackman’s Pershing Square as it owned $1.5 billion worth of shares.

Follow Restaurant Brands International Inc. (NYSE:QSR)