BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $12.03 Million Position in Restaurant Brands International Inc. $QSR

Key Points

• British Columbia Investment Management Corp has reduced its stake in Restaurant Brands International Inc. by 83.4%, selling 907,160 shares in the first quarter, leaving it with only 180,382 shares valued at approximately $12 million.
• Various institutional investors have increased their holdings in Restaurant Brands International, with Davis Selected Advisers acquiring a new stake worth roughly $224.7 million and Invesco Ltd. boosting its position by 465.8% in the same period.
• The company's recent earnings report showed a year-over-year revenue increase of 15.9%, though it fell short of analyst expectations with an EPS of $0.94 compared to the estimated $0.97.

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lessened its stake in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 83.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 180,382 shares of the restaurant operator's stock after selling 907,160 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned about 0.06% of Restaurant Brands International worth $12,027,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of QSR. Barclays PLC increased its holdings in shares of Restaurant Brands International by 45.2% in the 4th 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 period. Guggenheim Capital LLC grew its stake in shares of Restaurant Brands International by 7.0% in the 4th quarter. Guggenheim Capital LLC now owns 3,438 shares of the restaurant operator's stock valued at $224,000 after buying an additional 226 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Restaurant Brands International by 28.1% in the 4th quarter. First Trust Advisors LP now owns 45,797 shares of the restaurant operator's stock valued at $2,984,000 after buying an additional 10,033 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Restaurant Brands International by 25.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 974,868 shares of the restaurant operator's stock valued at $63,541,000 after buying an additional 195,340 shares in the last quarter. Finally, Natixis bought a new stake in shares of Restaurant Brands International in the 4th quarter valued at approximately $63,000. Institutional investors and hedge funds own 82.29% of the company's stock.

Restaurant Brands International Stock Performance

Shares of QSR traded up $0.03 during mid-day trading on Friday, hitting $63.08. The company's stock had a trading volume of 391,178 shares, compared to its average volume of 2,471,615. Restaurant Brands International Inc. has a one year low of $58.71 and a one year high of $74.09. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.95 and a current ratio of 1.01. The firm has a market capitalization of $20.68 billion, a PE ratio of 23.89, a price-to-earnings-growth ratio of 2.70 and a beta of 0.58. The stock's 50-day moving average is $66.84 and its two-hundred day moving average is $66.61.

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

Restaurant Brands International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 7th. Investors 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 dividend yield of 3.9%. The ex-dividend date is Tuesday, September 23rd. Restaurant Brands International's dividend payout ratio is presently 93.94%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Royal Bank Of Canada lowered their price target on Restaurant Brands International from $80.00 to $77.00 and set an "outperform" rating for the company in a research note on Friday, August 8th. Argus cut Restaurant Brands International from a "buy" rating to a "hold" rating in a research report on Friday, August 15th. Sanford C. Bernstein set a $78.00 target price on Restaurant Brands International in a research report on Friday, August 8th. Guggenheim upped their target price on Restaurant Brands International from $77.00 to $78.00 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. Finally, Bank of America decreased their target price on Restaurant Brands International from $62.00 to $60.00 and set an "underperform" rating for the company in a research report on Friday, July 18th. Eleven equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target 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.