Restaurant Brands International Inc. $QSR Holdings Boosted by Savoir Faire Capital Management L.P.

Savoir Faire Capital Management L.P. boosted its holdings in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 39.6% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,032 shares of the restaurant operator’s stock after acquiring an additional 10,497 shares during the period. Savoir Faire Capital Management L.P.’s holdings in Restaurant Brands International were worth $2,455,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. HM Payson & Co. bought a new position in Restaurant Brands International in the first quarter worth about $26,000. Legend Financial Advisors Inc. bought a new position in Restaurant Brands International in the second quarter worth about $33,000. CX Institutional lifted its holdings in Restaurant Brands International by 928.0% in the second quarter. CX Institutional now owns 514 shares of the restaurant operator’s stock worth $34,000 after acquiring an additional 464 shares during the last quarter. Private Trust Co. NA lifted its holdings in Restaurant Brands International by 96.6% in the first quarter. Private Trust Co. NA now owns 519 shares of the restaurant operator’s stock worth $35,000 after acquiring an additional 255 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in Restaurant Brands International by 91.2% in the first quarter. Smartleaf Asset Management LLC now owns 545 shares of the restaurant operator’s stock worth $35,000 after acquiring an additional 260 shares during the last quarter. Institutional investors own 82.29% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Scotiabank increased their price objective on shares of Restaurant Brands International from $71.00 to $73.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 8th. Sanford C. Bernstein set a $78.00 price objective on shares of Restaurant Brands International in a report on Friday, August 8th. Bank of America dropped their price objective on shares of Restaurant Brands International from $62.00 to $60.00 and set an “underperform” rating on the stock in a report on Friday, July 18th. Truist Financial increased their price objective on shares of Restaurant Brands International from $78.00 to $81.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. Finally, Argus cut shares of Restaurant Brands International from a “buy” rating to a “hold” rating in a report on Friday, August 15th. Eleven investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Restaurant Brands International has an average rating of “Hold” and a consensus price target of $75.42.

Restaurant Brands International Stock Performance

Shares of QSR opened at $67.14 on Friday. The firm has a 50-day moving average price of $65.16 and a 200 day moving average price of $66.62. The firm has a market capitalization of $22.01 billion, a PE ratio of 25.43, a P/E/G ratio of 2.03 and a beta of 0.65. The company has a quick ratio of 0.95, a current ratio of 1.01 and a debt-to-equity ratio of 2.69. Restaurant Brands International Inc. has a 52-week low of $58.71 and a 52-week high of $72.32.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Thursday, October 30th. The restaurant operator reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.03. The firm had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.39 billion. Restaurant Brands International had a net margin of 9.43% and a return on equity of 29.54%. Restaurant Brands International’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.93 EPS. On average, sell-side analysts anticipate that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Tuesday, December 23rd will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Tuesday, December 23rd. Restaurant Brands International’s dividend payout ratio is currently 93.94%.

About Restaurant Brands International

Restaurant Brands International Inc operates as a quick-service restaurant company in Canada, the United States, and internationally. It operates through four segments: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), and Firehouse Subs (FHS). The company owns and franchises TH chain of donut/coffee/tea restaurants that offer blend coffee, tea, and espresso-based hot and cold specialty drinks; and fresh baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, and other food products.