Billionaires Purchased These 3 Stocks Recently
In the realm of publically traded companies, two standout names are Restaurant Brands International (QSR) and Whirlpool Corporation (WHR).
Restaurant Brands International, with a market capitalization of $21 billion, operates as a franchisor for four fast-food chains: Burger King, Tim Hortons, Popeye's, and Firehouse Subs. Together, these brands boast over 32,000 stores globally, with Burger King leading the pack with 19,700 locations.
In the second quarter, the company reported a 5.3% year-over-year increase in total restaurant sales on a consolidated basis, and revenue was up 16% year over year. Notable investors in Restaurant Brands International include Bill Ackman, whose fund holds a 11% position, and Stanley Druckenmiller of Duquesne Management, who bought 751,100 shares worth almost $41 million in the second quarter.
On the other hand, Whirlpool Corporation, with a market capitalization of $5 billion, is a U.S. manufacturer of home appliances under brand names like Whirlpool, Maytag, and KitchenAid. The company has an edge over foreign competitors due to higher tariffs. However, in a recent move, Whirlpool announced it would be cutting its dividend in half to conserve cash.
Whirlpool's stock, currently trading at $93.15, has notable investors such as David Tepper of Appaloosa, who bought 266,092 shares worth $27 million in the second quarter. The company's gross margin stands at 16.02%, significantly lower than Restaurant Brands International's 45.30%.
In terms of dividend yields, Restaurant Brands International offers a 3.79% yield, while Whirlpool boasts a higher 8.48%. Both companies are considered value stocks, with Restaurant Brands International operating with low capital expenditures due to its franchising model.
No recent public information is available about billionaires buying Whirlpool Corporation shares in the last quarter. It's worth noting that while both companies have distinct business models, they each offer attractive investment opportunities for different reasons.
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