Capital World Investors Decreases Stock Position in Restaurant Brands International Inc. $QSR

Capital World Investors lessened its position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 6.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,430,403 shares of the restaurant operator’s stock after selling 2,579,650 shares during the quarter. Capital World Investors owned about 12.33% of Restaurant Brands International worth $2,593,345,000 as of its most recent SEC filing.

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

Restaurant Brands International Trading Down 0.8%

Shares of Restaurant Brands International stock opened at $73.35 on Tuesday. The stock has a market cap of $25.42 billion, a PE ratio of 31.08, a price-to-earnings-growth ratio of 2.10 and a beta of 0.56. The firm has a fifty day moving average price of $68.97 and a 200 day moving average price of $67.87. Restaurant Brands International Inc. has a 1 year low of $58.71 and a 1 year high of $74.42. 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 (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Thursday, February 12th. The restaurant operator reported $0.96 EPS for the quarter, beating the consensus estimate of $0.93 by $0.03. The company had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.41 billion. Restaurant Brands International had a net margin of 8.23% and a return on equity of 32.51%. The firm’s revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.81 earnings per share. Equities research analysts predict 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 declared a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Thursday, March 19th will be issued a $0.65 dividend. The ex-dividend date of this dividend is Thursday, March 19th. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.62. This represents a $2.60 dividend on an annualized basis and a yield of 3.5%. Restaurant Brands International’s dividend payout ratio is presently 105.08%.

Insiders Place Their Bets

In related news, CFO Sami A. Siddiqui sold 12,828 shares of the business’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 $866,018.28. Following the completion of the transaction, the chief financial officer directly owned 31,923 shares in the company, valued at $2,155,121.73. The trade was a 28.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Duncan Fulton sold 10,308 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 $695,893.08. Following the sale, the insider owned 49,677 shares in the company, valued at approximately $3,353,694.27. This represents a 17.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 186,401 shares of company stock worth $12,857,069. Corporate insiders own 1.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on QSR shares. Stifel Nicolaus upgraded Restaurant Brands International from a “hold” rating to a “buy” rating and boosted their price target for the company from $68.00 to $90.00 in a report on Monday, March 2nd. Guggenheim raised their price objective on Restaurant Brands International from $79.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Truist Financial lifted their price target on shares of Restaurant Brands International from $83.00 to $87.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. 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 research report on Tuesday, March 3rd. Finally, Wells Fargo & Company increased their price target on Restaurant Brands International from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Friday, February 27th. Fourteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.95.

Restaurant Brands International 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.