Corient Private Wealth LP Has $5.89 Million Stock Position in Restaurant Brands International Inc. $QSR

Key Points

• Corient Private Wealth LP increased its QSR stake by 90.6% in the second quarter, bringing its holdings to 81,292 shares valued at approximately $5.89 million. Institutional investors collectively own 82.29% of Restaurant Brands International.
• Analysts maintain a favorable outlook, with a consensus rating of “Moderate Buy” and an average price target of $84.04, compared with the stock’s reported opening price of $72.89.
• Restaurant Brands International exceeded quarterly EPS expectations, reporting $1.07 versus the $1.04 consensus, while revenue rose 4.6% year over year to $2.52 billion. The company also declared a quarterly dividend of $0.65 per share, representing a 3.6% annualized yield.

Corient Private Wealth LP raised its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 90.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 81,292 shares of the restaurant operator's stock after purchasing an additional 38,638 shares during the quarter. Corient Private Wealth LP's holdings in Restaurant Brands International were worth $5,895,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Platinum Paramount Investment LTD. purchased a new position in Restaurant Brands International in the 4th quarter worth approximately $281,033,000. Norges Bank bought a new position in shares of Restaurant Brands International during the fourth quarter valued at $260,709,000. Capital World Investors raised its stake in shares of Restaurant Brands International by 7.7% in the fourth quarter. Capital World Investors now owns 43,525,570 shares of the restaurant operator's stock worth $2,969,819,000 after purchasing an additional 3,095,167 shares during the last quarter. Bank of America Corp DE lifted its holdings in Restaurant Brands International by 143.9% in the first quarter. Bank of America Corp DE now owns 4,932,662 shares of the restaurant operator's stock valued at $364,524,000 after acquiring an additional 2,910,454 shares during the period. Finally, EdgePoint Investment Group Inc. lifted its position in Restaurant Brands International by 16.2% during the first quarter. EdgePoint Investment Group Inc. now owns 19,348,137 shares of the restaurant operator's stock valued at $1,432,015,000 after purchasing an additional 2,703,134 shares in the last quarter. Hedge funds and other institutional investors own 82.29% of the company's stock.

Wall Street Analysts Forecast Growth

QSR has been the topic of a number of analyst reports. Evercore restated an "outperform" rating and set a $88.00 target price on shares of Restaurant Brands International in a research note on Friday, August 7th. Citigroup lifted their price objective on shares of Restaurant Brands International from $78.00 to $80.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 1st. Piper Sandler lowered their target price on shares of Restaurant Brands International from $85.00 to $81.00 and set an "overweight" rating for the company in a research note on Friday, August 7th. Royal Bank Of Canada set a $85.00 price target on Restaurant Brands International and gave the stock an "outperform" rating in a research report on Tuesday, July 28th. Finally, Robert W. Baird raised their price target on shares of Restaurant Brands International from $80.00 to $85.00 and gave the stock a "neutral" rating in a research report on Monday, August 24th. Sixteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Restaurant Brands International currently has a consensus rating of "Moderate Buy" and an average target price of $84.04.

Restaurant Brands International Price Performance

Shares of QSR opened at $72.89 on Friday. The company has a market capitalization of $25.42 billion, a price-to-earnings ratio of 19.59, a price-to-earnings-growth ratio of 2.05 and a beta of 0.51. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.92 and a current ratio of 1.01. The firm has a 50-day simple moving average of $76.19 and a 200-day simple moving average of $75.53. Restaurant Brands International Inc. has a fifty-two week low of $62.89 and a fifty-two week high of $81.96.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last issued its earnings results on Thursday, August 6th. The restaurant operator reported $1.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.04 by $0.03. Restaurant Brands International had a return on equity of 33.43% and a net margin of 13.12%.The business had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the prior year, the business posted $0.94 EPS. The company's revenue for the quarter was up 4.6% on a year-over-year basis. On average, equities research analysts anticipate that Restaurant Brands International Inc. will post 4.04 earnings per share for the current year.

Restaurant Brands International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 18th will be given a $0.65 dividend. The ex-dividend date is Friday, September 18th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.6%. Restaurant Brands International's dividend payout ratio (DPR) is currently 69.89%.

Insider Buying and Selling at Restaurant Brands International

In other news, insider Axel Schwan sold 57,574 shares of Restaurant Brands International stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $81.14, for a total transaction of $4,671,554.36. Following the completion of the sale, the insider directly owned 209,908 shares in the company, valued at $17,031,935.12. The trade was a 21.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.22% of the stock is currently owned by company insiders.

About Restaurant Brands International

Restaurant Brands International Inc NYSE: QSR is a global quick-service restaurant company that owns and operates a portfolio of well-known restaurant brands. Its principal brands are Burger King, Tim Hortons, Popeyes and Firehouse Subs, which serve products including hamburgers, chicken, sandwiches, coffee, baked goods and other prepared foods.

RBI primarily operates through a franchise-based business model, supporting independently owned and operated restaurants through brand management, restaurant development, marketing and supply-chain programs.

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