Baupost Group LLC MA Has $259 Million Stock Position in Restaurant Brands International Inc. $QSR

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 increased its stake in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 33.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,886,562 shares of the restaurant operator's stock after buying an additional 984,862 shares during the quarter. Restaurant Brands International makes up 7.4% of Baupost Group LLC MA's holdings, making the stock its 6th biggest position. Baupost Group LLC MA owned about 1.19% of Restaurant Brands International worth $259,000,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Dunhill Financial LLC lifted its stake in Restaurant Brands International by 100.0% in the fourth quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator's stock valued at $26,000 after acquiring an additional 200 shares during the last quarter. HM Payson & Co. bought a new stake in shares of Restaurant Brands International in the 1st quarter valued at about $26,000. Private Trust Co. NA lifted its stake in Restaurant Brands International by 96.6% in the 1st quarter. Private Trust Co. NA now owns 519 shares of the restaurant operator's stock valued at $35,000 after purchasing an additional 255 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in Restaurant Brands International by 91.2% during the first quarter. Smartleaf Asset Management LLC now owns 545 shares of the restaurant operator's stock worth $35,000 after purchasing an additional 260 shares during the period. Finally, Larson Financial Group LLC lifted its holdings in Restaurant Brands International by 438.6% during the 1st quarter. Larson Financial Group LLC now owns 781 shares of the restaurant operator's stock valued at $52,000 after purchasing an additional 636 shares during the last quarter. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on QSR shares. Royal Bank Of Canada lowered their price target on shares of Restaurant Brands International from $80.00 to $77.00 and set an "outperform" rating on the stock in a research report on Friday, August 8th. Morgan Stanley lowered their price target on shares of Restaurant Brands International from $73.00 to $72.00 and set an "equal weight" rating for the company in a report on Monday, July 14th. Oppenheimer upped their price target on shares of Restaurant Brands International from $77.00 to $80.00 and gave the company an "outperform" rating in a research report on Tuesday, May 27th. Loop Capital restated a "buy" rating on shares of Restaurant Brands International in a report on Thursday, June 26th. Finally, UBS Group lowered their target price on Restaurant Brands International from $90.00 to $85.00 and set a "buy" rating for the company in a research report on Monday, May 5th. Eleven investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Restaurant Brands International has an average rating of "Hold" and an average target price of $75.04.

Restaurant Brands International Stock Up 0.3%

Restaurant Brands International stock traded up $0.20 during midday trading on Friday, reaching $63.25. The stock had a trading volume of 534,191 shares, compared to its average volume of 2,472,740. The company has a fifty day moving average price of $66.84 and a two-hundred day moving average price of $66.61. Restaurant Brands International Inc. has a 12 month low of $58.71 and a 12 month high of $74.09. The company has a current ratio of 1.01, a quick ratio of 0.95 and a debt-to-equity ratio of 2.69. The company has a market capitalization of $20.73 billion, a P/E ratio of 23.97, a PEG ratio of 2.70 and a beta of 0.58.

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 business had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.33 billion. During the same quarter in the prior year, the company earned $0.86 EPS. The company's revenue was up 15.9% on a year-over-year basis. As a group, equities analysts expect that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Announces Dividend

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

About Restaurant Brands International

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.