Geode Capital Management LLC Has $365.28 Million Position in Restaurant Brands International Inc. $QSR

Geode Capital Management LLC increased its position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 6.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,216,985 shares of the restaurant operator’s stock after buying an additional 295,935 shares during the period. Geode Capital Management LLC’s holdings in Restaurant Brands International were worth $365,279,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Baupost Group LLC MA grew its holdings in Restaurant Brands International by 103.8% during the third quarter. Baupost Group LLC MA now owns 8,252,862 shares of the restaurant operator’s stock valued at $529,337,000 after purchasing an additional 4,203,300 shares during the last quarter. State Street Corp grew its holdings in Restaurant Brands International by 9,477.4% during the second quarter. State Street Corp now owns 2,997,344 shares of the restaurant operator’s stock valued at $198,711,000 after purchasing an additional 2,966,048 shares during the last quarter. EdgePoint Investment Group Inc. grew its holdings in Restaurant Brands International by 15.4% during the third quarter. EdgePoint Investment Group Inc. now owns 14,903,208 shares of the restaurant operator’s stock valued at $955,855,000 after purchasing an additional 1,983,354 shares during the last quarter. Canada Pension Plan Investment Board grew its holdings in Restaurant Brands International by 56.4% during the second quarter. Canada Pension Plan Investment Board now owns 2,855,081 shares of the restaurant operator’s stock valued at $189,510,000 after purchasing an additional 1,029,500 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in Restaurant Brands International by 62.2% during the second quarter. Bank of America Corp DE now owns 2,339,967 shares of the restaurant operator’s stock valued at $155,116,000 after purchasing an additional 897,742 shares during the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

Restaurant Brands International Stock Down 2.4%

Shares of QSR stock opened at $72.87 on Tuesday. The stock has a market cap of $25.31 billion, a P/E ratio of 25.66, a price-to-earnings-growth ratio of 1.94 and a beta of 0.53. Restaurant Brands International Inc. has a one year low of $61.33 and a one year high of $81.96. The stock has a fifty day moving average price of $76.74 and a 200 day moving average price of $72.29. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.99 and a quick ratio of 0.90.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Wednesday, May 6th. The restaurant operator reported $0.86 EPS for the quarter, topping the consensus estimate of $0.83 by $0.03. The firm had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Restaurant Brands International had a return on equity of 32.80% and a net margin of 9.96%.Restaurant Brands International’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period last year, the business earned $0.75 earnings per share. Analysts predict that Restaurant Brands International Inc. will post 4.07 earnings per share for the current year.

Restaurant Brands International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Tuesday, June 23rd will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Tuesday, June 23rd. Restaurant Brands International’s dividend payout ratio (DPR) is 91.55%.

Insider Transactions at Restaurant Brands International

In other Restaurant Brands International news, CEO Joshua Kobza sold 200,000 shares of the stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $75.05, for a total transaction of $15,010,000.00. Following the completion of the transaction, the chief executive officer directly owned 960,769 shares in the company, valued at $72,105,713.45. This represents a 17.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jeffrey Housman sold 20,000 shares of the stock in a transaction on Friday, March 20th. The stock was sold at an average price of $73.48, for a total value of $1,469,600.00. Following the transaction, the insider owned 162,077 shares of the company’s stock, valued at $11,909,417.96. This represents a 10.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 350,000 shares of company stock valued at $26,198,650 over the last 90 days. Corporate insiders own 1.25% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on QSR shares. Royal Bank Of Canada increased their price target on Restaurant Brands International from $83.00 to $90.00 and gave the company an “outperform” rating in a report on Tuesday, April 21st. BMO Capital Markets reduced their price objective on Restaurant Brands International from $83.00 to $81.00 and set an “outperform” rating for the company in a research report on Friday, February 13th. Sanford C. Bernstein set a $82.00 price objective on Restaurant Brands International in a research report on Friday, February 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $86.00 price objective on shares of Restaurant Brands International in a research report on Thursday, May 7th. Finally, Stifel Nicolaus raised Restaurant Brands International from a “hold” rating to a “buy” rating and increased their price objective for the company from $68.00 to $90.00 in a research report on Monday, March 2nd. Seventeen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Restaurant Brands International presently has an average rating of “Moderate Buy” and a consensus price target of $83.54.

Restaurant Brands International Company Profile

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.