Starbucks Rises After Bill Ackman Reinvests $720 Million [TheStreet.com]
Restaurant Brands International Inc. Common Shares (QSR)
Last restaurant brands international inc. common shares earnings: 5/1 06:30 am
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Source: TheStreet.com
Starbucks(SBUXGet ReportShares of the Seattle company at last check were 5.4% higher at $71.47."In advance of recent market declines, in January we sold our stake in Starbucks as it approached our estimate of intrinsic value," Ackman's Pershing Square hedge fund said in its 2019 annual report.Pershing sold off its position in Starbucks in January, the report said.But after the initial market decline caused by the coronavirus pandemic, Pershing "unwound our credit hedges and redeployed a substantial majority of capital by adding to existing investments including Restaurant Brands, Lowe’s, Hilton, and Berkshire Hathaway, and by investing $500 million ... in a secondary share offering by Howard Hughes. We also reestablished a position in Starbucks."The report said that "Starbucks’ superb digital offering, delivery, and no-touch pickup are well adapted to service its consumers’ global coffee habit, particularly when compared with competitors who have not built digital and delivery offerin
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News
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- Restaurant Brands International Inc. (NYSE: QSR) had its price target lowered by analysts at Citigroup Inc. from $81.00 to $78.00. They now have a "neutral" rating on the stock.MarketBeat
- How to Boost Your Portfolio with Top Retail-Wholesale Stocks Set to Beat Earnings [Yahoo! Finance]Yahoo! Finance
QSR
Earnings
- 2/13/24 - Beat
QSR
Sec Filings
- 4/12/24 - Form 8-K/A
- 4/12/24 - Form 8-K/A
- 4/8/24 - Form 4
- QSR's page on the SEC website