Davis Selected Advisers Has $274.34 Million Stake in Restaurant Brands International Inc. $QSR

Key Points

• Davis Selected Advisers boosted its stake in Restaurant Brands International by 13.5% to 4,020,791 shares, worth about $274.34 million, representing roughly 1.16% of the company and its 23rd largest holding.
• RBI beat quarterly estimates with $0.96 EPS (vs. $0.93) and revenue of $2.47B (up 7.4% YoY), and raised its quarterly dividend to $0.65 (annualized $2.60, ~3.2% yield) despite a payout ratio above 100%.
• Insiders have sold a total of 441,490 shares (~$32.4M) in the past 90 days while institutional ownership is about 82.3%, and analysts show a "Moderate Buy" consensus with an average target of $81.83.

Davis Selected Advisers raised its holdings in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 13.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,020,791 shares of the restaurant operator's stock after acquiring an additional 478,403 shares during the period. Restaurant Brands International comprises about 1.2% of Davis Selected Advisers' investment portfolio, making the stock its 23rd largest holding. Davis Selected Advisers owned about 1.16% of Restaurant Brands International worth $274,340,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in QSR. Steigerwald Gordon & Koch Inc. acquired a new position in Restaurant Brands International in the third quarter valued at about $29,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in Restaurant Brands International in the fourth quarter valued at about $29,000. Exchange Traded Concepts LLC acquired a new position in Restaurant Brands International in the third quarter valued at about $48,000. MassMutual Private Wealth & Trust FSB grew its stake in Restaurant Brands International by 41.0% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 1,032 shares of the restaurant operator's stock valued at $66,000 after acquiring an additional 300 shares during the period. Finally, Cromwell Holdings LLC grew its stake in Restaurant Brands International by 45.6% in the third quarter. Cromwell Holdings LLC now owns 1,079 shares of the restaurant operator's stock valued at $70,000 after acquiring an additional 338 shares during the period. 82.29% of the stock is owned by institutional investors and hedge funds.

Restaurant Brands International Stock Down 0.8%

QSR stock opened at $80.04 on Friday. Restaurant Brands International Inc. has a fifty-two week low of $61.33 and a fifty-two week high of $81.67. The stock has a market capitalization of $27.78 billion, a P/E ratio of 33.91, a P/E/G ratio of 2.26 and a beta of 0.51. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.98 and a quick ratio of 0.91. The business has a 50-day moving average of $74.90 and a 200-day moving average of $70.97.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last released its earnings results on Thursday, February 12th. The restaurant operator reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.03. Restaurant Brands International had a return on equity of 32.51% and a net margin of 8.23%.The business had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same quarter in the prior year, the company posted $0.81 earnings per share. Restaurant Brands International's revenue was up 7.4% on a year-over-year basis. On average, sell-side analysts anticipate that Restaurant Brands International Inc. will post 4.05 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 2nd. Investors of record on Thursday, March 19th were issued a dividend of $0.65 per share. The ex-dividend date was Thursday, March 19th. This is a boost from Restaurant Brands International's previous quarterly dividend of $0.62. This represents a $2.60 annualized dividend and a yield of 3.2%. Restaurant Brands International's dividend payout ratio is currently 110.17%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on QSR. TD Cowen upped their price objective on Restaurant Brands International from $72.00 to $76.00 and gave the stock a "hold" rating in a research report on Tuesday, April 14th. KeyCorp upped their price objective on Restaurant Brands International from $78.00 to $90.00 and gave the stock an "overweight" rating in a research report on Monday, April 20th. Wells Fargo & Company upped their price objective on Restaurant Brands International from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Friday, February 27th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Restaurant Brands International in a research report on Thursday, January 22nd. Finally, JPMorgan Chase & Co. upped their price objective on Restaurant Brands International from $77.00 to $80.00 and gave the stock an "overweight" rating in a research report on Friday, April 24th. Sixteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Restaurant Brands International presently has an average rating of "Moderate Buy" and an average target price of $81.83.

Insider Buying and Selling at Restaurant Brands International

In related news, insider Jeffrey Housman sold 20,000 shares of the company's stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $73.48, for a total transaction of $1,469,600.00. Following the sale, the insider owned 162,077 shares in the company, valued at approximately $11,909,417.96. This represents a 10.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Thiago T. Santelmo sold 10,000 shares of the company's stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $75.41, for a total value of $754,100.00. Following the sale, the insider owned 78,560 shares in the company, valued at $5,924,209.60. The trade was a 11.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 441,490 shares of company stock valued at $32,375,140 in the last ninety days. Insiders own 1.25% of the company's stock.

About Restaurant Brands International

Restaurant Brands International Inc NYSE: QSR is a global quick-service restaurant company formed through the combination of established brands. The company's principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International's business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI's restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.

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