Campbell & CO Investment Adviser LLC Makes New $1.32 Million Investment in Restaurant Brands International Inc. $QSR

Key Points

• Campbell & CO Investment Adviser LLC invested approximately $1.32 million in Restaurant Brands International, acquiring 19,818 shares in the company.
• Restaurant Brands International's stock has a current market cap of $20.58 billion and reported revenue of $2.41 billion for the last quarter, surpassing analyst expectations.
• The company recently declared a dividend of $0.62 per share, representing a 4.0% dividend yield, with a payout ratio of 93.94%.

Campbell & CO Investment Adviser LLC acquired a new position in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 19,818 shares of the restaurant operator's stock, valued at approximately $1,321,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Davis Selected Advisers acquired a new stake in shares of Restaurant Brands International during the 1st quarter valued at $224,744,000. EdgePoint Investment Group Inc. boosted its stake in shares of Restaurant Brands International by 26.6% during the 4th quarter. EdgePoint Investment Group Inc. now owns 12,819,570 shares of the restaurant operator's stock valued at $834,478,000 after buying an additional 2,695,071 shares during the period. Invesco Ltd. boosted its stake in shares of Restaurant Brands International by 465.8% during the 1st quarter. Invesco Ltd. now owns 2,644,757 shares of the restaurant operator's stock valued at $176,247,000 after buying an additional 2,177,302 shares during the period. TD Asset Management Inc boosted its stake in shares of Restaurant Brands International by 29.4% during the 1st quarter. TD Asset Management Inc now owns 4,631,461 shares of the restaurant operator's stock valued at $308,698,000 after buying an additional 1,053,640 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Restaurant Brands International by 7.6% during the 1st quarter. Vanguard Group Inc. now owns 14,169,061 shares of the restaurant operator's stock valued at $944,538,000 after buying an additional 1,003,563 shares during the period. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

Restaurant Brands International Stock Performance

Shares of NYSE:QSR traded up $0.32 on Friday, hitting $63.37. 1,938,348 shares of the company were exchanged, compared to its average volume of 2,498,724. The company's 50 day moving average price is $66.79 and its two-hundred day moving average price is $66.58. 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 $20.77 billion, a price-to-earnings ratio of 24.01, a PEG ratio of 2.72 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). 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 business's revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.86 EPS. Research analysts expect that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Tuesday, September 23rd. This represents a $2.48 dividend on an annualized basis and a yield of 3.9%. Restaurant Brands International's payout ratio is presently 93.94%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on QSR. CIBC reduced their price objective on shares of Restaurant Brands International from $78.00 to $77.00 and set an "outperformer" rating for the company in a research note on Friday, May 9th. Argus lowered shares of Restaurant Brands International from a "buy" rating to a "hold" rating in a research note on Friday, August 15th. Citigroup reduced their price objective on shares of Restaurant Brands International from $76.00 to $72.00 and set a "neutral" rating for the company in a research note on Friday, August 8th. Scotiabank reduced their price objective on shares of Restaurant Brands International from $75.00 to $71.00 and set a "sector perform" rating for the company in a research note on Friday, August 8th. Finally, Royal Bank Of Canada reduced their price objective on shares of 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. Eleven research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently 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.