Capital International Sarl Acquires 116,772 Shares of Restaurant Brands International Inc. $QSR

Capital International Sarl boosted its holdings in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 32.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 471,677 shares of the restaurant operator’s stock after purchasing an additional 116,772 shares during the period. Capital International Sarl’s holdings in Restaurant Brands International were worth $32,183,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in QSR. Lloyd Advisory Services LLC. bought a new stake in Restaurant Brands International in the fourth quarter worth $25,000. Larson Financial Group LLC lifted its stake in Restaurant Brands International by 1,922.2% in the fourth quarter. Larson Financial Group LLC now owns 364 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 346 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in Restaurant Brands International in the fourth quarter worth $29,000. Global Retirement Partners LLC lifted its stake in Restaurant Brands International by 231.1% in the fourth quarter. Global Retirement Partners LLC now owns 970 shares of the restaurant operator’s stock worth $66,000 after purchasing an additional 677 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Restaurant Brands International by 195.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,067 shares of the restaurant operator’s stock worth $73,000 after purchasing an additional 706 shares during the last quarter. 82.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $86.00 price objective on shares of Restaurant Brands International in a research note on Thursday, May 7th. Morgan Stanley upped 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 note on Tuesday, March 3rd. Citigroup lowered their price objective on shares of Restaurant Brands International from $88.00 to $84.00 and set a “neutral” rating for the company in a research note on Thursday, May 7th. Truist Financial upped their price objective on shares of Restaurant Brands International from $83.00 to $87.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Finally, KeyCorp upped their price objective on shares of Restaurant Brands International from $78.00 to $90.00 and gave the company an “overweight” rating in a research note on Monday, April 20th. Seventeen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $83.54.

Restaurant Brands International Price Performance

Shares of NYSE QSR opened at $72.60 on Friday. Restaurant Brands International Inc. has a 1 year low of $61.33 and a 1 year high of $81.96. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.99 and a quick ratio of 0.90. The company’s 50-day moving average is $76.61 and its 200 day moving average is $72.35. The stock has a market capitalization of $25.22 billion, a P/E ratio of 25.56, a P/E/G ratio of 1.88 and a beta of 0.49.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Wednesday, May 6th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.03. Restaurant Brands International had a net margin of 9.96% and a return on equity of 32.80%. The company had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter in the previous year, the company earned $0.75 earnings per share. Restaurant Brands International’s quarterly revenue was up 7.3% on a year-over-year basis. On average, sell-side analysts expect that Restaurant Brands International Inc. will post 4.07 earnings per share for the current year.

Restaurant Brands International Announces Dividend

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

Insider Activity at Restaurant Brands International

In related news, CFO Sami A. Siddiqui sold 40,000 shares of the business’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $74.51, for a total transaction of $2,980,400.00. Following the transaction, the chief financial officer owned 35,766 shares in the company, valued at $2,664,924.66. The trade was a 52.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Joshua Kobza sold 200,000 shares of the business’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $75.05, for a total transaction of $15,010,000.00. Following the transaction, the chief executive officer owned 960,769 shares in the company, valued at $72,105,713.45. This represents a 17.23% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 350,000 shares of company stock valued at $26,198,650 over the last three months. Corporate insiders own 1.22% of the company’s stock.

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.