Cardinal Point Capital Management ULC Takes Position in Restaurant Brands International Inc. $QSR

Key Points

• Cardinal Point Capital Management ULC has acquired a new stake in Restaurant Brands International Inc. (NYSE:QSR), purchasing 3,902 shares valued at approximately $258,000 during the second quarter.
• Institutional investors and hedge funds now own 82.29% of Restaurant Brands International's shares, indicating strong institutional interest.
• The company's recent quarterly earnings report showed a net margin of 9.43% with a revenue of $2.41 billion, surpassing analyst estimates of $2.33 billion.

Cardinal Point Capital Management ULC purchased a new stake in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,902 shares of the restaurant operator's stock, valued at approximately $258,000.

A number of other large investors also recently modified their holdings of QSR. Davis Selected Advisers acquired a new position in shares of Restaurant Brands International during the first quarter valued at $224,744,000. Royal Bank of Canada lifted 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 acquiring an additional 3,230,735 shares during the last quarter. Invesco Ltd. boosted its position 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 purchasing an additional 2,177,302 shares in the last quarter. TD Asset Management Inc boosted its position 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 purchasing an additional 1,053,640 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position 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 purchasing an additional 1,003,563 shares in the last quarter. 82.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on QSR shares. Northcoast Research lowered shares of Restaurant Brands International from a "buy" rating to a "neutral" rating in a research report on Friday, September 12th. Citigroup raised their price objective on shares of Restaurant Brands International from $72.00 to $74.00 and gave the company a "neutral" rating in a research report on Thursday, October 16th. Barclays reduced their price objective on shares of Restaurant Brands International from $80.00 to $78.00 and set an "overweight" rating for the company in a research report on Friday, August 8th. Melius initiated coverage on Restaurant Brands International in a research report on Monday, July 14th. They issued a "buy" rating and a $90.00 price target for the company. Finally, Piper Sandler decreased their price target on Restaurant Brands International from $72.00 to $70.00 and set a "neutral" rating for the company in a research report on Friday, August 8th. Eleven equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $75.42.

Restaurant Brands International Trading Up 0.0%

NYSE:QSR opened at $67.46 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.01 and a debt-to-equity ratio of 2.69. Restaurant Brands International Inc. has a 1-year low of $58.71 and a 1-year high of $72.50. The firm has a market capitalization of $22.11 billion, a price-to-earnings ratio of 25.55, a price-to-earnings-growth ratio of 2.94 and a beta of 0.65. The stock has a fifty day simple moving average of $65.01 and a 200 day simple moving average of $66.44.

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

Restaurant Brands International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 7th. Shareholders of record on Tuesday, September 23rd were given a dividend of $0.62 per share. The ex-dividend date was Tuesday, September 23rd. This represents a $2.48 dividend on an annualized basis and a yield of 3.7%. Restaurant Brands International's dividend payout ratio (DPR) is presently 93.94%.

About Restaurant Brands International

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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