Capital Research Global Investors Cuts Stake in Restaurant Brands International Inc. $QSR

Key Points

• Capital Research Global Investors cut its stake in Restaurant Brands International by 21.3% in Q3, selling 552,797 shares and leaving a 2,038,745‑share position valued at about $130.8 million, while overall institutional ownership stands at 82.29%.
• Company insiders have been net sellers — including Jill Granat and Jacqueline Friesner on Feb. 23 — with 186,401 shares sold in the past 90 days (about $12.86 million), and insiders now hold 1.25% of the stock.
• RBI beat quarterly expectations with $0.96 EPS and $2.47 billion revenue (up 7.4% year‑over‑year) and raised its quarterly dividend to $0.65 (annualized $2.60, ~3.6% yield), though the payout ratio sits above 100% at 105.08%.

Capital Research Global Investors reduced its position in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 21.3% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,038,745 shares of the restaurant operator's stock after selling 552,797 shares during the quarter. Capital Research Global Investors owned 0.62% of Restaurant Brands International worth $130,765,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Capital International Sarl grew its holdings in shares of Restaurant Brands International by 7.3% during the third quarter. Capital International Sarl now owns 354,905 shares of the restaurant operator's stock valued at $22,764,000 after buying an additional 24,262 shares during the last quarter. Capital International Inc. CA raised its holdings in Restaurant Brands International by 15.9% in the 3rd quarter. Capital International Inc. CA now owns 220,696 shares of the restaurant operator's stock worth $14,155,000 after acquiring an additional 30,277 shares during the last quarter. Capital Group Investment Management PTE. LTD. raised its holdings in Restaurant Brands International by 5.9% in the 3rd quarter. Capital Group Investment Management PTE. LTD. now owns 46,927 shares of the restaurant operator's stock worth $3,010,000 after acquiring an additional 2,613 shares during the last quarter. Legal & General Group Plc lifted its position in Restaurant Brands International by 6.8% in the 3rd quarter. Legal & General Group Plc now owns 1,611,978 shares of the restaurant operator's stock valued at $103,434,000 after acquiring an additional 102,377 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its position in Restaurant Brands International by 72.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 97,492 shares of the restaurant operator's stock valued at $6,282,000 after acquiring an additional 40,858 shares in the last quarter. 82.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Jill Granat sold 11,525 shares of the business's stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $67.51, for a total transaction of $778,052.75. Following the completion of the sale, the insider directly owned 476,126 shares in the company, valued at approximately $32,143,266.26. The trade was a 2.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jacqueline Friesner sold 4,617 shares of the company's stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $67.51, for a total transaction of $311,693.67. Following the sale, the insider directly owned 194,201 shares of the company's stock, valued at approximately $13,110,509.51. This represents a 2.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 186,401 shares of company stock worth $12,857,069. Company insiders own 1.25% of the company's stock.

Restaurant Brands International Stock Performance

QSR stock opened at $72.04 on Thursday. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.98 and a quick ratio of 0.91. Restaurant Brands International Inc. has a 1 year low of $58.71 and a 1 year high of $74.42. The company has a market cap of $24.96 billion, a P/E ratio of 30.53, a price-to-earnings-growth ratio of 2.05 and a beta of 0.56. The stock's fifty day moving average price is $69.11 and its 200-day moving average price is $67.96.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last posted its quarterly earnings data on Thursday, February 12th. The restaurant operator reported $0.96 EPS for the quarter, beating analysts' consensus estimates of $0.93 by $0.03. Restaurant Brands International had a return on equity of 32.51% and a net margin of 8.23%.The company had revenue of $2.47 billion during the quarter, compared to analysts' expectations of $2.41 billion. During the same quarter in the prior year, the business earned $0.81 earnings per share. Restaurant Brands International's revenue for the quarter was up 7.4% compared to the same quarter last year. On average, equities analysts forecast that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Thursday, March 19th will be paid a dividend of $0.65 per share. The ex-dividend date is Thursday, March 19th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.6%. This is an increase from Restaurant Brands International's previous quarterly dividend of $0.62. Restaurant Brands International's dividend payout ratio is presently 105.08%.

Wall Street Analyst Weigh In

QSR has been the subject of a number of research analyst reports. Scotiabank reduced their target price on Restaurant Brands International from $74.00 to $71.00 and set a "sector perform" rating for the company in a report on Friday, February 13th. TD Cowen dropped their price objective on Restaurant Brands International from $74.00 to $72.00 and set a "hold" rating on the stock in a research report on Thursday, February 12th. Stifel Nicolaus upgraded Restaurant Brands International from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $68.00 to $90.00 in a report on Monday, March 2nd. JPMorgan Chase & Co. decreased their target price on Restaurant Brands International from $77.00 to $72.00 and set an "overweight" rating for the company in a research report on Tuesday, February 24th. Finally, Oppenheimer restated an "outperform" rating and set a $80.00 target price on shares of Restaurant Brands International in a research note on Tuesday, November 25th. Fourteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $78.95.

Restaurant Brands International Company Profile

Restaurant Brands International Inc NYSE: QSR is a global quick-service restaurant company formed through the combination of established brands. The company's principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International's business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI's restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.

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