Capricorn Fund Managers Ltd Has $4.94 Million Stock Position in Restaurant Brands International Inc. $QSR

Key Points

• Capricorn Fund Managers Ltd reduced its stake in Restaurant Brands International by 8.2%, bringing its holdings to 74,587 shares valued at approximately $4.94 million.
• Restaurant Brands reported $0.94 earnings per share for the latest quarter, missing analysts' estimates, although revenue increased by 15.9% year-over-year to $2.41 billion.
• The company declared a quarterly dividend of $0.62 per share, with a dividend yield of 3.6%, while its payout ratio stands at 93.94%.

Capricorn Fund Managers Ltd lowered its holdings in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 8.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 74,587 shares of the restaurant operator's stock after selling 6,632 shares during the quarter. Restaurant Brands International accounts for about 2.3% of Capricorn Fund Managers Ltd's investment portfolio, making the stock its 20th largest position. Capricorn Fund Managers Ltd's holdings in Restaurant Brands International were worth $4,944,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in QSR. Davis Selected Advisers acquired a new stake in Restaurant Brands International in the 1st quarter valued at approximately $224,744,000. Royal Bank of Canada grew its holdings in Restaurant Brands International by 16.7% in the 1st quarter. Royal Bank of Canada now owns 22,626,635 shares of the restaurant operator's stock valued at $1,507,839,000 after buying an additional 3,230,735 shares during the last quarter. Invesco Ltd. grew its holdings in Restaurant Brands International by 465.8% in 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 last quarter. TD Asset Management Inc grew its holdings in Restaurant Brands International by 29.4% in 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 last quarter. Finally, Vanguard Group Inc. grew its holdings 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 worth $944,538,000 after purchasing an additional 1,003,563 shares in the last quarter. Institutional investors and hedge funds own 82.29% of the company's stock.

Restaurant Brands International Stock Performance

NYSE QSR opened at $68.51 on Friday. Restaurant Brands International Inc. has a 1-year low of $58.71 and a 1-year high of $74.09. The company has a 50 day moving average of $64.81 and a 200-day moving average of $66.28. 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 firm has a market cap of $22.46 billion, a price-to-earnings ratio of 25.95, a PEG ratio of 2.92 and a beta of 0.65.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last issued its quarterly earnings data on Thursday, August 7th. The restaurant operator reported $0.94 earnings per share (EPS) 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 company's revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.86 EPS. On average, equities analysts forecast that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 7th. Stockholders of record on Tuesday, September 23rd will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Tuesday, September 23rd. Restaurant Brands International's dividend payout ratio is presently 93.94%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on QSR shares. Scotiabank decreased their price objective on 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. Weiss Ratings reissued a "hold (c+)" rating on shares of Restaurant Brands International in a report on Saturday, September 27th. Argus lowered Restaurant Brands International from a "buy" rating to a "hold" rating in a report on Friday, August 15th. Melius started coverage on Restaurant Brands International in a report on Monday, July 14th. They set a "buy" rating and a $90.00 price objective on the stock. Finally, Northcoast Research lowered Restaurant Brands International from a "buy" rating to a "neutral" rating in a report on Friday, September 12th. Eleven research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently 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.

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