Davis Selected Advisers Makes New Investment in Restaurant Brands International Inc. (NYSE:QSR)

Key Points

• Davis Selected Advisers has acquired 3,372,511 shares of Restaurant Brands International, valued at approximately $224.74 million, making it the fund's 23rd largest holding.
• Multiple institutional investors have significantly increased their stakes in Restaurant Brands International, with Meritage Group LP and Baupost Group LLC MA increasing their holdings by 5,795.9% and 10,155.5%, respectively.
• The company recently announced a quarterly dividend of $0.62 per share, representing a yield of 3.8%, with a payout ratio of 84.07%.

Davis Selected Advisers purchased a new stake in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,372,511 shares of the restaurant operator's stock, valued at approximately $224,744,000. Restaurant Brands International makes up 1.3% of Davis Selected Advisers' investment portfolio, making the stock its 23rd largest holding. Davis Selected Advisers owned about 1.03% of Restaurant Brands International as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Dunhill Financial LLC raised its position in shares of Restaurant Brands International by 100.0% during the 4th quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator's stock worth $26,000 after purchasing an additional 200 shares during the last quarter. HM Payson & Co. acquired a new position in shares of Restaurant Brands International during the 1st quarter worth about $26,000. Private Trust Co. NA raised its position in shares of Restaurant Brands International by 96.6% during the 1st quarter. Private Trust Co. NA now owns 519 shares of the restaurant operator's stock worth $35,000 after purchasing an additional 255 shares during the last quarter. Larson Financial Group LLC raised its position in shares of Restaurant Brands International by 438.6% during the 1st quarter. Larson Financial Group LLC now owns 781 shares of the restaurant operator's stock worth $52,000 after purchasing an additional 636 shares during the last quarter. Finally, Bessemer Group Inc. raised its position in shares of Restaurant Brands International by 113.6% during the 1st quarter. Bessemer Group Inc. now owns 895 shares of the restaurant operator's stock worth $60,000 after purchasing an additional 476 shares during the last quarter. Hedge funds and other institutional investors own 82.29% of the company's stock.

Analyst Ratings Changes

QSR has been the subject of several research analyst reports. Morgan Stanley reduced 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 research report on Monday, July 14th. Oppenheimer upped their price target on shares of Restaurant Brands International from $77.00 to $80.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 27th. Loop Capital restated 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 for the company in a research report on Friday, July 18th. Finally, Scotiabank reduced their price target on shares of Restaurant Brands International from $75.00 to $71.00 and set a "sector perform" rating for the company in a research report on Friday. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Restaurant Brands International presently has a consensus rating of "Hold" and an average price target of $75.00.

Restaurant Brands International Trading Down 0.8%

Shares of NYSE QSR traded down $0.53 during midday trading on Friday, reaching $64.54. 3,622,852 shares of the stock were exchanged, compared to its average volume of 2,059,973. Restaurant Brands International Inc. has a twelve month low of $58.71 and a twelve month high of $74.09. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.90 and a current ratio of 0.96. The company has a 50 day simple moving average of $68.16 and a 200 day simple moving average of $66.48. The stock has a market capitalization of $21.16 billion, a P/E ratio of 24.45, a PEG ratio of 2.01 and a beta of 0.58.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last posted its earnings results on Thursday, August 7th. The restaurant operator reported $0.94 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.03). Restaurant Brands International had a net margin of 9.43% and a return on equity of 29.83%. The company had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.33 billion. During the same quarter last year, the business posted $0.86 EPS. The firm's revenue for the quarter was up 15.9% on a year-over-year basis. As a group, equities analysts expect that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Tuesday, September 23rd will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 3.8%. The ex-dividend date is Tuesday, September 23rd. Restaurant Brands International's dividend payout ratio (DPR) is 93.94%.

Insiders Place Their Bets

In related news, insider Jacqueline Friesner sold 70,000 shares of Restaurant Brands International stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $70.08, for a total value of $4,905,600.00. Following the completion of the sale, the insider owned 182,897 shares in the company, valued at approximately $12,817,421.76. This trade represents a 27.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.36% of the company's stock.

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.