Hedge fund manager Bill Ackman has held Restaurant Brands International stock for nearly 12 years, and the company's strong second-quarter earnings and high dividend yield make it a compelling buy in August. Restaurant Brands reported a 5% revenue increase to $2.5 billion and a 14% surge in adjusted earnings to $1.07 per share, driven by an 8.6% comparable sales jump at Burger King. The stock pays a $0.65 per share quarterly dividend, yielding 3.49%, which generated approximately $58.8 million in annual income for Ackman's 22.6 million shares as of the first quarter. Despite mixed results at Popeyes and Tim Hortons, the Burger King turnaround and 9.8% international revenue growth support a forward price-to-earnings ratio of 13 and a median analyst price target of $85, implying 15% upside.
Restaurant Brands International IncStrong Q2 earnings and dividend yield make the stock attractive.
