Restaurant Brands International Inc. $QSR Stake Boosted by Capital International Inc. CA

Capital International Inc. CA raised its position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 15.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 220,696 shares of the restaurant operator’s stock after buying an additional 30,277 shares during the quarter. Capital International Inc. CA’s holdings in Restaurant Brands International were worth $14,155,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital Group Investment Management PTE. LTD. lifted its position in shares of Restaurant Brands International by 5.9% in the 3rd quarter. Capital Group Investment Management PTE. LTD. now owns 46,927 shares of the restaurant operator’s stock valued at $3,010,000 after acquiring an additional 2,613 shares in the last quarter. Legal & General Group Plc grew its position in Restaurant Brands International by 6.8% during the 3rd quarter. Legal & General Group Plc now owns 1,611,978 shares of the restaurant operator’s stock worth $103,434,000 after purchasing an additional 102,377 shares in the last quarter. Russell Investments Group Ltd. grew its position in Restaurant Brands International by 72.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 97,492 shares of the restaurant operator’s stock worth $6,282,000 after purchasing an additional 40,858 shares in the last quarter. Guardian Partners Inc. raised its stake in Restaurant Brands International by 3.3% during the 3rd quarter. Guardian Partners Inc. now owns 8,151 shares of the restaurant operator’s stock valued at $540,000 after purchasing an additional 259 shares during the period. Finally, First Trust Advisors LP raised its stake in Restaurant Brands International by 377.5% during the 3rd quarter. First Trust Advisors LP now owns 17,041 shares of the restaurant operator’s stock valued at $1,093,000 after purchasing an additional 13,472 shares during the period. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Restaurant Brands International Trading Down 1.9%

NYSE QSR opened at $71.98 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.91 and a debt-to-equity ratio of 2.62. Restaurant Brands International Inc. has a 1-year low of $58.71 and a 1-year high of $74.42. The firm’s fifty day simple moving average is $69.03 and its 200-day simple moving average is $67.94. The company has a market capitalization of $24.94 billion, a PE ratio of 30.50, a price-to-earnings-growth ratio of 2.08 and a beta of 0.56.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings data on Thursday, February 12th. The restaurant operator reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.03. Restaurant Brands International had a return on equity of 32.51% and a net margin of 8.23%.The business had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.41 billion. During the same period last year, the company earned $0.81 earnings per share. Restaurant Brands International’s quarterly revenue was up 7.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Thursday, March 19th will be issued a dividend of $0.65 per share. The ex-dividend date is Thursday, March 19th. This represents a $2.60 annualized dividend and a dividend yield of 3.6%. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.62. Restaurant Brands International’s dividend payout ratio is presently 105.08%.

Insiders Place Their Bets

In other Restaurant Brands International news, insider Peter Perdue sold 3,882 shares of Restaurant Brands International stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $67.51, for a total value of $262,073.82. Following the completion of the sale, the insider directly owned 42,906 shares in the company, valued at $2,896,584.06. The trade was a 8.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jill Granat sold 11,525 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $67.51, for a total transaction of $778,052.75. Following the completion of the sale, the insider directly owned 476,126 shares of the company’s stock, valued at $32,143,266.26. This represents a 2.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 186,401 shares of company stock worth $12,857,069 in the last quarter. Corporate insiders own 1.25% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on QSR. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Restaurant Brands International in a research report on Thursday, January 22nd. BMO Capital Markets dropped their price target on Restaurant Brands International from $83.00 to $81.00 and set an “outperform” rating on the stock in a research report on Friday, February 13th. Barclays decreased their price objective on Restaurant Brands International from $86.00 to $82.00 and set an “overweight” rating for the company in a research report on Friday, February 13th. TD Cowen lowered their target price on Restaurant Brands International from $74.00 to $72.00 and set a “hold” rating on the stock in a research note on Thursday, February 12th. Finally, Morgan Stanley upped their target price on Restaurant Brands International from $77.00 to $78.00 and gave the company an “equal weight” rating in a report on Tuesday, March 3rd. Fourteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $78.95.

About Restaurant Brands International

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.