Cumberland Partners Ltd Invests $260,000 in Restaurant Brands International Inc. (NYSE:QSR)

Key Points

• Cumberland Partners Ltd has invested approximately $260,000 in Restaurant Brands International Inc. by purchasing 3,900 shares during the 1st quarter of the year.
• Institutional investors collectively own 82.29% of Restaurant Brands International, reflecting significant interest, with other large investors notably increasing their holdings in recent quarters.
• Analysts have mixed ratings on the stock, with one sell rating, ten hold ratings, and twelve buy ratings, leading to an average consensus price target of $76.09.

Cumberland Partners Ltd acquired a new stake in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,900 shares of the restaurant operator's stock, valued at approximately $260,000.

Several other institutional investors have also added to or reduced their stakes in the business. GeoWealth Management LLC grew its stake in Restaurant Brands International by 7.0% in the 4th quarter. GeoWealth Management LLC now owns 2,487 shares of the restaurant operator's stock worth $162,000 after buying an additional 163 shares in the last quarter. Capital Analysts LLC grew its stake in Restaurant Brands International by 24.3% in the 4th quarter. Capital Analysts LLC now owns 952 shares of the restaurant operator's stock worth $62,000 after buying an additional 186 shares in the last quarter. Dunhill Financial LLC grew its stake in Restaurant Brands International by 100.0% in the 4th quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator's stock worth $26,000 after buying an additional 200 shares in the last quarter. Guggenheim Capital LLC grew its position in Restaurant Brands International by 7.0% during the fourth quarter. Guggenheim Capital LLC now owns 3,438 shares of the restaurant operator's stock valued at $224,000 after acquiring an additional 226 shares during the last quarter. Finally, Private Trust Co. NA grew its position in Restaurant Brands International by 96.6% during the first quarter. Private Trust Co. NA now owns 519 shares of the restaurant operator's stock valued at $35,000 after acquiring an additional 255 shares during the last quarter. 82.29% of the stock is owned by hedge funds and other institutional investors.

Restaurant Brands International Stock Down 0.2%

Restaurant Brands International stock traded down $0.11 on Tuesday, hitting $69.05. 302,540 shares of the stock traded hands, compared to its average volume of 2,456,673. The company has a current ratio of 0.96, a quick ratio of 0.90 and a debt-to-equity ratio of 2.84. The firm has a market cap of $22.63 billion, a P/E ratio of 23.42, a price-to-earnings-growth ratio of 2.12 and a beta of 0.58. The business's fifty day simple moving average is $68.53 and its 200 day simple moving average is $66.35. Restaurant Brands International Inc. has a 1 year low of $58.71 and a 1 year high of $74.09.

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

Restaurant Brands International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 8th. Shareholders of record on Tuesday, June 24th were given a dividend of $0.62 per share. The ex-dividend date of this dividend was Tuesday, June 24th. This represents a $2.48 annualized dividend and a yield of 3.6%. Restaurant Brands International's dividend payout ratio (DPR) is currently 84.07%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on QSR shares. Oppenheimer increased their price target on shares of Restaurant Brands International from $77.00 to $80.00 and gave the company an "outperform" rating in a research report on Tuesday, May 27th. Loop Capital reiterated a "buy" rating on shares of Restaurant Brands International in a research report on Thursday, June 26th. Bank of America reduced their price target on shares of Restaurant Brands International from $62.00 to $60.00 and set an "underperform" rating on the stock in a research report on Friday, July 18th. Robert W. Baird cut their target price on shares of Restaurant Brands International from $72.00 to $65.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Finally, Wells Fargo & Company cut their target price on shares of Restaurant Brands International from $69.00 to $66.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $76.09.

Insider Buying and Selling

In other Restaurant Brands International news, insider Jacqueline Friesner sold 70,000 shares of the firm's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $70.08, for a total transaction of $4,905,600.00. Following the completion of the transaction, the insider owned 182,897 shares of the company's stock, valued at approximately $12,817,421.76. This trade represents a 27.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.36% of the company's stock.

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.