8 Best Stocks to Buy According to Billionaire Bill Ackman

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

Pershing Square Holdings Equity Stake: $1.469 Billion

Number of Hedge Fund Holders: 33

Restaurant Brands International Inc. (NYSE:QSR) is one of the best stocks to buy, according to billionaire Bill Ackman. Late last year, analysts at RBC Capital reiterated Restaurant Brands International Inc. (NYSE:QSR) as a top idea among global franchised fast-food groups. Consequently, the research firm raised the stock’s price target to $82 from $77 while reiterating an Outperform rating.

The price target hike underscores the research firm’s confidence in the company’s long-term prospects amid improving trends at Burger King. The company has already inked a strategic partnership with Chinese alternative asset manager CPE to run Burger King Operations in China.

In addition, increased focus on investments for growth, supplemented by debt reduction, underscores the positive stance. The company also continues to capitalize on its diversified brand portfolio, which includes Tim Horton’s, Burger King, and Popeyes.

Restaurant Brands International Inc. (NYSE:QSR) is a major global quick-service restaurant company that owns, operates, and franchises iconic brands like Burger King, Tim Hortons, Popeyes, and Firehouse Subs. It offers everything from burgers and fried chicken to coffee, donuts, and hot subs.