Restaurant Brands International Inc. $QSR Stock Sold by Sepio Capital LP

Sepio Capital LP lessened its holdings in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 37.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,654 shares of the restaurant operator’s stock after selling 8,733 shares during the period. Sepio Capital LP’s holdings in Restaurant Brands International were worth $1,042,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of QSR. NewEdge Advisors LLC raised its holdings in shares of Restaurant Brands International by 1,440.5% in the second quarter. NewEdge Advisors LLC now owns 94,372 shares of the restaurant operator’s stock worth $6,843,000 after buying an additional 88,246 shares during the period. AXQ Capital LP purchased a new position in shares of Restaurant Brands International during the second quarter worth approximately $1,195,000. Moore Capital Management LP purchased a new stake in shares of Restaurant Brands International in the second quarter valued at approximately $5,714,000. Nykredit A S purchased a new stake in shares of Restaurant Brands International in the 2nd quarter worth $1,815,000. Finally, TD Waterhouse Canada Inc. raised its holdings in shares of Restaurant Brands International by 4.8% in the second quarter. TD Waterhouse Canada Inc. now owns 2,473,606 shares of the restaurant operator’s stock valued at $176,998,000 after acquiring an additional 112,267 shares in the last quarter. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on QSR. Piper Sandler lowered their target price on shares of Restaurant Brands International from $85.00 to $81.00 and set an “overweight” rating for the company in a research note on Friday, August 7th. Weiss Ratings raised shares of Restaurant Brands International from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, August 12th. Seaport Research Partners initiated coverage on Restaurant Brands International in a research report on Wednesday, September 16th. They set a “buy” rating and a $88.00 price target on the stock. Citigroup reduced their target price on Restaurant Brands International from $80.00 to $79.00 and set a “neutral” rating for the company in a report on Tuesday. Finally, JPMorgan Chase & Co. dropped their target price on Restaurant Brands International from $82.00 to $78.00 and set an “overweight” rating for the company in a report on Tuesday, September 29th. Sixteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $83.52.

Insider Activity at Restaurant Brands International

In other news, insider Axel Schwan sold 57,574 shares of the stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $81.14, for a total transaction of $4,671,554.36. Following the completion of the transaction, the insider directly owned 209,908 shares of the company’s stock, valued at approximately $17,031,935.12. This represents a 21.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.22% of the company’s stock.

Restaurant Brands International Stock Down 1.3%

Shares of NYSE QSR traded down $1.02 during midday trading on Friday, hitting $75.39. 2,081,683 shares of the company’s stock were exchanged, compared to its average volume of 2,697,702. The firm’s fifty day simple moving average is $75.07 and its 200-day simple moving average is $75.27. The company has a market cap of $26.29 billion, a PE ratio of 20.27, a P/E/G ratio of 2.14 and a beta of 0.52. Restaurant Brands International Inc. has a twelve month low of $64.52 and a twelve month high of $81.96. The company has a debt-to-equity ratio of 2.49, a current ratio of 1.01 and a quick ratio of 0.92.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $1.07 EPS for the quarter, topping the consensus estimate of $1.04 by $0.03. Restaurant Brands International had a net margin of 13.12% and a return on equity of 33.43%. The firm had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same period last year, the business earned $0.94 EPS. Restaurant Brands International’s revenue for the quarter was up 4.6% compared to the same quarter last year. Research analysts predict that Restaurant Brands International Inc. will post 4.04 EPS for the current fiscal year.

Restaurant Brands International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 18th were paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Friday, September 18th. Restaurant Brands International’s dividend payout ratio is 69.89%.

Restaurant Brands International Profile

Restaurant Brands International Inc (NYSE:QSR) is a global quick-service restaurant company that owns and operates a portfolio of restaurant brands, primarily through franchised and licensed locations. Its brands include Tim Hortons, Burger King, Popeyes and Firehouse Subs, which serve coffee, baked goods, burgers, chicken, sandwiches and other prepared foods.

The company was formed in 2014 through the merger of Burger King Worldwide and Tim Hortons. RBI expanded its portfolio through the acquisition of Popeyes Louisiana Kitchen in 2017 and Firehouse Restaurant Group in 2021.