Primecap Management Co. CA Has $2.41 Million Position in Restaurant Brands International Inc. $QSR

Primecap Management Co. CA cut its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 44.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,600 shares of the restaurant operator’s stock after selling 30,640 shares during the quarter. Primecap Management Co. CA’s holdings in Restaurant Brands International were worth $2,412,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Steigerwald Gordon & Koch Inc. purchased a new position in Restaurant Brands International in the third quarter valued at about $29,000. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Restaurant Brands International during the 2nd quarter valued at about $35,000. Elevation Point Wealth Partners LLC acquired a new stake in shares of Restaurant Brands International during the 2nd quarter valued at about $36,000. Exchange Traded Concepts LLC bought a new stake in shares of Restaurant Brands International in the 3rd quarter valued at approximately $48,000. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in Restaurant Brands International by 41.0% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 1,032 shares of the restaurant operator’s stock worth $66,000 after buying an additional 300 shares during the last quarter. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

Key Restaurant Brands International News

Here are the key news stories impacting Restaurant Brands International this week:

• Positive Sentiment: RBI reiterated its multi-year targets at its 2026 Investor Day — 8%+ organic adjusted operating income growth, 5%+ net restaurant growth by 2028, and plans to return >$1.6B to shareholders in 2026; this materially strengthens the cash-return and growth narrative. RBI Reaffirms Growth Algorithm and Capital Return Plan
• Positive Sentiment: Guggenheim raised its price target from $79 to $80 and maintained a “buy” rating — a vote of confidence that implies ~11.5% upside from the referenced price and likely helped buying interest. Guggenheim PT Raise to $80 (Tickerreport)
• Positive Sentiment: Wells Fargo lifted its target from $70 to $75 and kept an “equal weight” rating — incremental upside and another analyst endorsement supporting the rally. Wells Fargo Raises PT to $75 (Benzinga)
• Neutral Sentiment: Coverage piece on shifting narrative around RBI’s capital spending assumptions — may influence investor views on margins and free cash flow but is informational rather than a direct catalyst. How The Narrative On Restaurant Brands International Is Shifting (Yahoo)
• Neutral Sentiment: Other industry/company coverage and reviews appeared (general analysis pieces) that may affect attention/flow but are not direct catalysts. Reviewing Restaurant Brands International (AmericanBankingNews)
• Negative Sentiment: Insider sale reported — Sami Siddiqui sold 12,828 shares; insider selling can be perceived negatively even if not large enough to change fundamentals. Insider Sale by Sami Siddiqui (AmericanBankingNews)
• Negative Sentiment: JPMorgan published a pessimistic near-term forecast for QSR’s stock price — a counterpoint that could temper upside for more risk-averse investors. JPMorgan Pessimistic Forecast (AmericanBankingNews)

Restaurant Brands International Trading Up 2.6%

Restaurant Brands International stock opened at $71.73 on Friday. Restaurant Brands International Inc. has a 52 week low of $58.71 and a 52 week high of $73.70. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $24.85 billion, a PE ratio of 30.39, a PEG ratio of 2.13 and a beta of 0.58. The business’s 50-day simple moving average is $68.59 and its 200-day simple moving average is $67.52.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its earnings results on Thursday, February 12th. The restaurant operator reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.41 billion. Restaurant Brands International had a return on equity of 32.51% and a net margin of 8.23%.The company’s revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.81 EPS. Equities research analysts forecast that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Thursday, March 19th will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 3.6%. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Thursday, March 19th. Restaurant Brands International’s payout ratio is presently 105.08%.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. BMO Capital Markets reduced their target price on shares of Restaurant Brands International from $83.00 to $81.00 and set an “outperform” rating for the company in a research note on Friday, February 13th. Royal Bank Of Canada reduced their price objective on shares of Restaurant Brands International from $82.00 to $80.00 and set an “outperform” rating for the company in a research note on Friday, February 13th. JPMorgan Chase & Co. decreased their price objective on shares of Restaurant Brands International from $77.00 to $72.00 and set an “overweight” rating for the company in a report on Tuesday. Wells Fargo & Company raised their target price on Restaurant Brands International from $70.00 to $75.00 and gave the company an “equal weight” rating in a report on Friday. Finally, TD Cowen reduced their price target on Restaurant Brands International from $74.00 to $72.00 and set a “hold” rating for the company in a research report on Thursday, February 12th. Twelve investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $77.20.

Insider Buying and Selling at Restaurant Brands International

In related news, insider Axel Schwan sold 34,939 shares of the company’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $67.51, for a total transaction of $2,358,731.89. Following the completion of the transaction, the insider directly owned 194,984 shares in the company, valued at $13,163,369.84. This represents a 15.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Sami A. Siddiqui sold 12,828 shares of the firm’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $67.51, for a total transaction of $866,018.28. Following the completion of the sale, the chief financial officer owned 31,923 shares in the company, valued at $2,155,121.73. This represents a 28.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 186,401 shares of company stock valued at $12,857,069 in the last three months. 1.25% of the stock is owned by insiders.

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.