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Company Overview - Restaurant Brands International is a multinational quick service portfolio that includes four well-known brands: Tim Hortons, Burger King, Popeyes, and Firehouse Subs [2] Growth Strategy - The company's long-term growth algorithm targets annual system sales growth of over 8%, supported by approximately 3% comparable sales growth and around 5% net unit growth over time [2] - A recent joint venture partnership with CPE, a new Burger King master franchisee in China, is expected to enhance net unit growth [2]

Core Viewpoint - Companies with a strong history of dividend payments and increases are attractive to income-focused investors, with Open Text, Restaurant Brands, and Essential Utilities recently announcing dividend hikes and offering yields over 3% [1] Open Text - Open Text Corp. is an information management software company that assists businesses in organizing, storing, and protecting data [2] - The company has raised its dividend for 12 consecutive years, with a recent increase of 5% to $0.2750 per share, translating to an annual payout of $1.10 per share [3] - The current dividend yield for Open Text is 3.30% [3] - As of September 30, the company's annual revenue was $5.19 billion, and it reported Q1 2026 revenues of $1.29 billion and EPS of $1.05, both exceeding consensus estimates [4] Restaurant Brands International - Restaurant Brands International Inc. operates well-known quick-service restaurant brands including Tim Hortons, Burger King, Popeyes, and Firehouse Subs [5] - The company has increased its dividends for 10 consecutive years, with a recent hike from $0.58 to $0.62 per share, equating to an annual payout of $2.48 per share [6] - The current dividend yield for Restaurant Brands is 3.65% [6] - As of September 30, the company's annual revenue was $9.26 billion, and it reported Q3 2025 EPS of $1.03 and revenues of $2.45 billion, both surpassing consensus estimates [7] Essential Utilities - Essential Utilities Inc. provides water, wastewater, and natural gas services in the U.S. [7] - The company has increased its dividends for 34 consecutive years, with a recent hike of 5.25% to $0.3426 per share, resulting in an annual payout of $1.37 per share [8] - The current dividend yield for Essential Utilities is 3.54% [8]

Core Insights - Everstone Capital is actively seeking to sell its 11.27% stake in Restaurant Brands Asia (RBA), which operates Burger King and Popeyes in India, and is in advanced discussions with multiple interested buyers [1][2] - Potential acquirers include financial investors and strategic parties, with offers reportedly exceeding RBA's current market price [2] - A change in controlling shareholder is likely to trigger a mandatory open offer under Indian takeover regulations [2] Financial Performance - RBA reported a net loss of Rs202.12 million ($2.26 million) for the quarter ending September 30, 2025, an increase from a net loss of Rs165.81 million in the same quarter the previous year [3] - Revenue from operations increased by 15.6% year-on-year to Rs5.68 billion, while total income rose by 16.2% to Rs5.8 billion [3] Fundraising Activities - In April 2025, RBA raised Rs5 billion through a qualified institutional placement, with the Massachusetts Institute of Technology (MIT) being the largest single investor [4] - This fundraising occurred amid subdued discretionary consumption in India, particularly in urban markets affected by higher inflation [4]

Core Insights - Bill Ackman, a prominent billionaire investor, has made significant investments in three companies: Restaurant Brands International, Uber Technologies, and Amazon, which are considered strong picks in the current market environment [3][4][8]. Company Summaries Restaurant Brands International (QSR) - Restaurant Brands is currently trading at its lowest valuation in recent history, offering a dividend yield of 3.5% [4][6]. - The company has shown robust revenue and earnings growth, benefiting from its portfolio of well-known fast-food brands like Burger King, Popeye's, and Tim Horton's [5]. - The defensive business model positions Restaurant Brands favorably during economic downturns, as consumers may opt for more affordable dining options [5]. Uber Technologies (UBER) - Uber is Ackman's largest holding, with 30.3 million shares valued at over $2.8 billion [6][7]. - The company has transitioned from generating losses to achieving significant free cash flow and profit growth, with gross bookings increasing by 21% in the last quarter [7]. - As Uber's margins improve with scaling, it is viewed as a compelling growth stock opportunity [7]. Amazon (AMZN) - Amazon remains a top holding for Ackman, recognized for its impressive growth in both e-commerce and cloud services [8][9]. - Despite its large market capitalization, Amazon's scale and importance in global infrastructure make it a long-term investment favorite [8]. - The company's focus on reinvesting profits into growth rather than issuing dividends is seen as a strategic advantage for future profitability [9].

Core Viewpoint - Bill Ackman sees significant upside potential in his investments, particularly in Uber, Brookfield Corporation, and Alphabet, among others, due to their strong fundamentals and growth prospects [1][2]. Investment Strategy - Ackman focuses on high-quality businesses with strong cash flow and limited downside risk, often taking activist positions to unlock shareholder value [2][3]. Portfolio Overview - Pershing Square Capital Management holds shares in 15 large-cap companies, with 75% of its $15 billion stock portfolio concentrated in five key holdings [3]. Key Holdings - **Uber Technologies (19.6%)**: Ackman appreciates Uber's strong network effects, management quality, operational performance, and cash flow, expecting earnings per share to grow over 30% annually [4][5]. - **Brookfield Corporation (17.7%)**: Added to the portfolio in 2024, Brookfield is positioned for growth due to AI infrastructure demand and an aging population, potentially quadrupling its wealth solutions asset base to $600 billion [6][8]. - **Alphabet (14.4%)**: Ackman has invested in Alphabet due to its rapid AI integration and strong financial performance, including $100 billion in revenue and a 33% year-over-year profit growth [9][11]. - **Howard Hughes Holdings (13.4%)**: Ackman aims to transform Howard Hughes into a diversified holding company, increasing its stake to 47% and focusing on unlocking value from real estate assets [12][13]. - **Restaurant Brands (10.6%)**: The company is valued for its capital-light business model and plans to enhance sales through investments in Burger King and expansion in Tim Hortons [14][17].

Welcome back. Shares of Restaurant Brands International higher this morning. The company announcing a new joint venture with a Chinese alternative asset manager to reignite Burger King's growth in China.The goal is to grow Burger King China to over 4,000 restaurants by 2035. Joining us here first on CNBC is Restaurant Brands International Executive Chair Patrick Doyle. It's good to have you back.Welcome, Patrick. Nice to see you. So, what what is what is the ambition here for the China market.Well, I look, ...

Restaurant Brands International agreed to sell a majority stake in the China unit of its Burger King chain, part of a plan to ignite growth there https://t.co/DPEnmmFdn3 ...

Company Overview - Restaurant Brands International Inc. (NYSE:QSR) owns and operates quick-service restaurant chains, including Tim Hortons, Burger King, Popeyes, and Firehouse Subs [2]. Financial Performance - The company reported a solid quarter, achieving a healthy top and bottom line beat, with same-store sales increasing by 4% [1]. - The Tim Hortons Canada business continues to perform exceptionally well, contributing positively to the overall results [1]. - The international division, which includes nearly all overseas operations except for China, also showed strong performance [1]. Market Reaction - Following the positive earnings report, the stock rallied by 1.5%, breaking a five-session losing streak [1]. - Despite the good quarter, the stock later gave back the gains, indicating persistent selling pressure in the market [1].

Core Insights - Restaurant Brands International (RBI) reported a net income of $315 million, or $0.96 per share, for Q3 2025, an increase from $252 million, or $0.79 per share, in Q3 2024 [1] - Total revenues for Q3 2025 reached $2.45 billion, up 6.9% from $2.29 billion in the same quarter of the previous year [1][2] - For the first nine months of 2025, total revenues were $6.97 billion compared to $6.11 billion in the same period of 2024 [2] Financial Performance - The net income attributable to common shareholders for the first nine months of 2025 was $663 million, down from $762 million in the same period of 2024 [3] - The company declared a dividend of $0.62 per common share [3] Business Segment Performance - The international segment saw system-wide sales increase by 12.1%, while same-store sales grew by 4% year-on-year, driven by a 4.2% increase at Tim Hortons Canada and a 3.1% increase at Burger King [2] - Popeyes experienced a decline in same-store sales by 2.4% [2] Strategic Initiatives - RBI's CEO highlighted strong performance from Tim Hortons and the international business, which together account for approximately 70% of earnings [3] - The company is on track to achieve at least 8% organic adjusted operating income growth for the year [4] - RBI reiterated its long-term targets for 2024 to 2028, aiming for more than 3% comparable sales growth and over 8% organic adjusted operating income growth on average [5] Investment Plans - Burger King is advancing its multi-year "Reclaim the Flame" program, which includes up to $700 million in investments through 2028 for advertising, digital enhancements, remodels, and kitchen equipment upgrades [5]