Capital International Sarl Increases Stock Holdings in Restaurant Brands International Inc. $QSR

Capital International Sarl lifted its position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 7.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 354,905 shares of the restaurant operator’s stock after buying an additional 24,262 shares during the quarter. Capital International Sarl’s holdings in Restaurant Brands International were worth $22,764,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Restaurant Brands International during the second quarter worth about $254,948,000. State Street Corp raised its position in shares of Restaurant Brands International by 9,477.4% during the 2nd quarter. State Street Corp now owns 2,997,344 shares of the restaurant operator’s stock worth $198,711,000 after purchasing an additional 2,966,048 shares during the last quarter. Geode Capital Management LLC lifted its stake in Restaurant Brands International by 112.8% in the 2nd quarter. Geode Capital Management LLC now owns 4,296,050 shares of the restaurant operator’s stock valued at $286,172,000 after buying an additional 2,277,694 shares in the last quarter. Vanguard Group Inc. grew its holdings in Restaurant Brands International by 8.0% during the 2nd quarter. Vanguard Group Inc. now owns 15,303,726 shares of the restaurant operator’s stock valued at $1,015,137,000 after buying an additional 1,134,665 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its position 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 worth $189,510,000 after buying an additional 1,029,500 shares in the last quarter. 82.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on QSR shares. Oppenheimer reaffirmed an “outperform” rating and set a $80.00 price objective on shares of Restaurant Brands International in a research note on Tuesday, November 25th. Sanford C. Bernstein set a $82.00 price target on shares of Restaurant Brands International in a research note on Friday, February 13th. Scotiabank lowered their price target on shares of Restaurant Brands International from $74.00 to $71.00 and set a “sector perform” rating for the company in a report on Friday, February 13th. Morgan Stanley boosted their price objective on shares of Restaurant Brands International from $77.00 to $78.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 3rd. Finally, Guggenheim raised their target price on shares of Restaurant Brands International from $79.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Fourteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $78.95.

Insider Activity at Restaurant Brands International

In other news, insider Jill Granat sold 11,525 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 value of $778,052.75. Following the completion of the transaction, the insider directly owned 476,126 shares in the company, valued at approximately $32,143,266.26. This represents a 2.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Peter Perdue sold 3,882 shares of the firm’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 $262,073.82. Following the sale, the insider directly owned 42,906 shares of the company’s stock, valued at approximately $2,896,584.06. The trade was a 8.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 186,401 shares of company stock valued at $12,857,069. 1.25% of the stock is currently owned by corporate insiders.

Restaurant Brands International Stock Down 0.8%

QSR opened at $73.35 on Tuesday. The business has a 50-day moving average of $68.97 and a two-hundred day moving average of $67.87. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.98 and a quick ratio of 0.91. Restaurant Brands International Inc. has a 12 month low of $58.71 and a 12 month high of $74.42. The stock has a market capitalization of $25.42 billion, a price-to-earnings ratio of 31.08, a price-to-earnings-growth ratio of 2.10 and a beta of 0.56.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Thursday, February 12th. The restaurant operator reported $0.96 EPS for the quarter, topping the consensus estimate of $0.93 by $0.03. The company had revenue of $2.47 billion during 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 firm’s revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.81 earnings per share. On average, research analysts expect that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Thursday, March 19th will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 3.5%. This is a positive change 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 dividend payout ratio is 105.08%.

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.