Restaurant Brands International Inc. $QSR is Baupost Group LLC MA's 6th Largest Position

Key Points

• Baupost Group LLC increased its stake in Restaurant Brands International by 33.9%, now owning approximately 1.19% of the company, valued at $259 million.
• Restaurant Brands International reported earnings of $0.94 per share, falling short of analysts' expectations, although their revenue of $2.41 billion exceeded projections.
• The company announced a quarterly dividend of $0.62, translating to an annualized yield of 3.9%, with a payout ratio of 93.94%.

Baupost Group LLC MA lifted its holdings in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 33.9% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,886,562 shares of the restaurant operator's stock after buying an additional 984,862 shares during the period. Restaurant Brands International makes up approximately 7.4% of Baupost Group LLC MA's portfolio, making the stock its 6th biggest holding. Baupost Group LLC MA owned 1.19% of Restaurant Brands International worth $259,000,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Barclays PLC lifted its stake in Restaurant Brands International by 45.2% in the fourth quarter. Barclays PLC now owns 51,320 shares of the restaurant operator's stock valued at $3,345,000 after purchasing an additional 15,969 shares during the last quarter. Guggenheim Capital LLC lifted its stake in Restaurant Brands International by 7.0% in the fourth quarter. Guggenheim Capital LLC now owns 3,438 shares of the restaurant operator's stock valued at $224,000 after purchasing an additional 226 shares during the last quarter. First Trust Advisors LP lifted its stake in Restaurant Brands International by 28.1% in the fourth quarter. First Trust Advisors LP now owns 45,797 shares of the restaurant operator's stock valued at $2,984,000 after purchasing an additional 10,033 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Restaurant Brands International by 25.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 974,868 shares of the restaurant operator's stock valued at $63,541,000 after purchasing an additional 195,340 shares during the last quarter. Finally, Natixis purchased a new position in Restaurant Brands International in the fourth quarter valued at approximately $63,000. Hedge funds and other institutional investors own 82.29% of the company's stock.

Restaurant Brands International Trading Up 0.7%

Shares of Restaurant Brands International stock traded up $0.45 during trading on Thursday, reaching $63.08. 1,771,183 shares of the stock were exchanged, compared to its average volume of 2,480,983. The company has a quick ratio of 0.95, a current ratio of 1.01 and a debt-to-equity ratio of 2.69. The stock's fifty day moving average is $66.90 and its 200 day moving average is $66.63. The firm has a market cap of $20.68 billion, a price-to-earnings ratio of 23.89, a price-to-earnings-growth ratio of 2.70 and a beta of 0.58. Restaurant Brands International Inc. has a 1 year low of $58.71 and a 1 year high of $74.09.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last posted its earnings results on Thursday, August 7th. The restaurant operator reported $0.94 earnings per share for the quarter, missing analysts' consensus estimates of $0.97 by ($0.03). Restaurant Brands International had a return on equity of 29.54% and a net margin of 9.43%.The firm had revenue of $2.41 billion for the quarter, compared to analysts' expectations of $2.33 billion. During the same quarter in the prior year, the company posted $0.86 earnings per share. The business's revenue for the quarter was up 15.9% on a year-over-year basis. As a group, equities research analysts expect that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Tuesday, September 23rd will be issued a $0.62 dividend. The ex-dividend date is Tuesday, September 23rd. This represents a $2.48 annualized dividend and a yield of 3.9%. Restaurant Brands International's dividend payout ratio (DPR) is 93.94%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Truist Financial upped their price objective on Restaurant Brands International from $78.00 to $81.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Guggenheim boosted their target price on shares of Restaurant Brands International from $77.00 to $78.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. Scotiabank lowered their target price on shares of Restaurant Brands International from $75.00 to $71.00 and set a "sector perform" rating on the stock in a report on Friday, August 8th. Loop Capital reissued a "buy" rating on shares of Restaurant Brands International in a report on Thursday, June 26th. Finally, Royal Bank Of Canada lowered their target price on shares of Restaurant Brands International from $80.00 to $77.00 and set an "outperform" rating on the stock in a report on Friday, August 8th. Eleven equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $75.04.

Restaurant Brands International Profile

Restaurant Brands International Inc operates as a quick-service restaurant company in Canada, the United States, and internationally. It operates through four segments: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), and Firehouse Subs (FHS). The company owns and franchises TH chain of donut/coffee/tea restaurants that offer blend coffee, tea, and espresso-based hot and cold specialty drinks; and fresh baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, and other food products.