Five Fast Food Stocks to Buy Now

Hedge fund sentiment towards Restaurant Brands International Inc (NYSE:QSR) remained unchanged over the quarter, with 29 funds among those tracked by Insider Monkey having reported a stake in the company in their latest 13F filings. Together, these funds hold roughly 38% of the company’s common stock as of the end of December. Billionaires Warren Buffett and Bill Ackman are keeping tabs on Restaurant Brands International Inc (NYSE:QSR), with both of them holding sizable positions in the stock. According to their respective 13F filings, Berkshire Hathaway held 8.44 million shares at the end of the fourth quarter, while Ackman’s Pershing Square reported ownership of more than 38 million shares. Restaurant Brands International Inc (NYSE:QSR)’s stock has inched up by around 7% year-to-date and is currently trading at a trailing Price to Earnings (P/E) ratio of 78.46, double the industry average of 38.60.

At the end of December, roughly 12% of Yum! Brands, Inc. (NYSE:YUM) common stock was held by 51 funds from our database, down from 65 at the end of September. Although the stock ended 2015 slightly down, it was up by more than 30% by mid May, before plummeting back to the $73 level. Analysts at Longbow Research have recently initiated coverage of Yum! Brands, Inc. (NYSE:YUM) and have assigned a ‘Buy’ rating and a price target of $95 per share, which represents a premium of 20% over yesterday’s closing price. Oppenheimer has recently reiterated their ‘Outperform’ rating an have slightly reduced their price target to $87 per share. As opposed to other hedge fund managers, Keith Meister‘s Corvex Capital used the opportunity to buy the stock on the low in the fourth quarter, having increased its position by 5% to 21 million shares valued at 1.53 billion. Cliff Asness’s AQR Capital Management is also bullish on the stock and has boosted its position by 221% during the quarter to 3.13 million shares of Yum! Brands, Inc. (NYSE:YUM), worth $229 million at the end of December.

Disclosure: none