Capricorn Fund Managers Ltd Acquires New Position in Restaurant Brands International Inc. (NYSE:QSR)

Key Points

• Capricorn Fund Managers Ltd has acquired 81,219 shares of Restaurant Brands International Inc. for approximately $5.4 million, making it the 13th largest holding in their portfolio.
• Insider Jacqueline Friesner sold 70,000 shares of the company, representing a 27.68% decrease in her holdings, valued at about $4.9 million.
• Analysts' ratings on Restaurant Brands International include one sell, ten hold, and twelve buy ratings, with a consensus target price of $76.09.

Capricorn Fund Managers Ltd acquired a new stake in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 81,219 shares of the restaurant operator's stock, valued at approximately $5,412,000. Restaurant Brands International makes up about 2.9% of Capricorn Fund Managers Ltd's investment portfolio, making the stock its 13th largest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of QSR. American Century Companies Inc. lifted its position in Restaurant Brands International by 3.4% during the fourth quarter. American Century Companies Inc. now owns 43,358 shares of the restaurant operator's stock valued at $2,826,000 after acquiring an additional 1,428 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Restaurant Brands International by 165.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,148,850 shares of the restaurant operator's stock valued at $74,802,000 after acquiring an additional 715,754 shares during the last quarter. CIBC Private Wealth Group LLC lifted its position in Restaurant Brands International by 119.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 27,621 shares of the restaurant operator's stock valued at $1,727,000 after acquiring an additional 15,039 shares during the last quarter. Physician Wealth Advisors Inc. purchased a new stake in Restaurant Brands International during the fourth quarter valued at approximately $60,000. Finally, AIA Group Ltd lifted its position in Restaurant Brands International by 27.6% during the fourth quarter. AIA Group Ltd now owns 56,575 shares of the restaurant operator's stock valued at $3,688,000 after acquiring an additional 12,229 shares during the last quarter. 82.29% of the stock is currently owned by institutional investors.

Restaurant Brands International Price Performance

Shares of NYSE QSR traded down $0.14 during trading on Wednesday, hitting $68.68. The company had a trading volume of 1,179,121 shares, compared to its average volume of 1,852,241. The stock has a fifty day simple moving average of $68.62 and a two-hundred day simple moving average of $66.11. Restaurant Brands International Inc. has a fifty-two week low of $58.71 and a fifty-two week high of $74.09. The firm has a market capitalization of $22.51 billion, a price-to-earnings ratio of 23.28, a price-to-earnings-growth ratio of 2.14 and a beta of 0.58. The company has a quick ratio of 0.90, a current ratio of 0.96 and a debt-to-equity ratio of 2.84.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last posted its quarterly earnings results on Thursday, May 8th. The restaurant operator reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.03). The business had revenue of $2.03 billion during the quarter, compared to analysts' expectations of $2.17 billion. Restaurant Brands International had a return on equity of 28.94% and a net margin of 10.82%. The business's quarterly revenue was up 21.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.73 earnings per share. On average, research analysts expect that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 8th. Shareholders of record on Tuesday, June 24th were paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend was Tuesday, June 24th. Restaurant Brands International's dividend payout ratio (DPR) is presently 84.07%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. UBS Group decreased their price target on shares of Restaurant Brands International from $90.00 to $85.00 and set a "buy" rating for the company in a report on Monday, May 5th. Bank of America decreased their price target on shares of Restaurant Brands International from $62.00 to $60.00 and set an "underperform" rating for the company in a report on Friday, July 18th. Morgan Stanley decreased 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. Citigroup raised their price target on shares of Restaurant Brands International from $75.00 to $76.00 and gave the stock a "neutral" rating in a report on Monday. Finally, CIBC cut their price objective on shares of Restaurant Brands International from $78.00 to $77.00 and set an "outperformer" rating on the stock in a research note on Friday, May 9th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $76.09.

Insider Buying and Selling

In other Restaurant Brands International news, insider Jacqueline Friesner sold 70,000 shares of Restaurant Brands International stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $70.08, for a total transaction of $4,905,600.00. Following the transaction, the insider directly owned 182,897 shares of the company's stock, valued at $12,817,421.76. The trade was a 27.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.36% of the stock is owned by company insiders.

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.