Empowered Funds LLC Sells 16,719 Shares of Restaurant Brands International Inc. $QSR

Key Points

• Empowered Funds LLC reduced its QSR position by 59.5% in the first quarter, selling 16,719 shares and retaining 11,396 shares worth approximately $842,000. Institutional investors collectively own 82.29% of Restaurant Brands International.
• Restaurant Brands International reported a second-quarter earnings beat, with adjusted EPS of $1.07 versus the $1.04 consensus and revenue up 4.6% year over year to $2.52 billion. Burger King U.S. comparable sales rose 8.5%, supporting stronger systemwide sales and the company’s 2026 growth outlook.
• The company declared a quarterly dividend of $0.65 per share, equivalent to $2.60 annually and a yield of roughly 3.5%. Analysts maintain a “Moderate Buy” consensus with an average price target of $83.83, although some firms recently lowered their targets to $81.

Empowered Funds LLC cut its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 59.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,396 shares of the restaurant operator's stock after selling 16,719 shares during the period. Empowered Funds LLC's holdings in Restaurant Brands International were worth $842,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of QSR. Quantinno Capital Management LP raised its stake in shares of Restaurant Brands International by 78.5% during the first quarter. Quantinno Capital Management LP now owns 128,605 shares of the restaurant operator's stock worth $9,504,000 after buying an additional 56,543 shares during the last quarter. SummitTX Capital L.P. bought a new position in Restaurant Brands International in the first quarter valued at approximately $494,000. Gateway Wealth Partners LLC acquired a new stake in Restaurant Brands International during the 1st quarter worth $237,000. Quadcap Wealth Management LLC bought a new stake in shares of Restaurant Brands International during the 1st quarter valued at $304,000. Finally, OMERS ADMINISTRATION Corp bought a new stake in shares of Restaurant Brands International during the 1st quarter valued at $40,570,000. Institutional investors own 82.29% of the company's stock.

Key Headlines Impacting Restaurant Brands International

Here are the key news stories impacting Restaurant Brands International this week:

• Positive Sentiment: Q2 earnings beat expectations: Adjusted EPS reached $1.07, above the roughly $1.03–$1.04 analyst consensus and up from $0.94 a year earlier. Revenue rose 4.6% year over year to $2.52 billion, in line with estimates. Restaurant Brands International earnings beat as Burger King's U.S. business soars
• Positive Sentiment: Burger King is driving growth: Burger King U.S. comparable sales increased 8.5%, helping consolidated systemwide sales grow 6.4%. International comparable sales also rose 5.5%, while RBI reported double-digit earnings growth and reaffirmed its target for 8% organic adjusted operating-income growth in 2026. Restaurant Brands International Inc. Reports Second Quarter 2026 Results
• Positive Sentiment: Improving competitive position: Burger King reportedly reclaimed the No. 2 spot among U.S. burger chains by systemwide sales, overtaking Wendy’s. The revamped Whopper and broader turnaround efforts are helping attract customers and gain market share as some rivals experience slower growth. Burger King overtakes Wendy's as the nation's second-largest burger chain
• Positive Sentiment: Shareholder returns: RBI declared a quarterly dividend of $0.65 per share, or $2.60 annualized, implying a yield of approximately 3.6%. The company also returned $435 million to shareholders through dividends and share repurchases.
• Negative Sentiment: Price targets were reduced: Scotia lowered its target from $83 to $81 and maintained a “sector perform” rating. Piper Sandler cut its target from $85 to $81 but retained an “overweight” rating. Both targets still imply roughly 9% upside, but the reductions suggest more cautious expectations after the earnings report.

Restaurant Brands International Stock Up 0.1%

Shares of Restaurant Brands International stock opened at $73.99 on Monday. Restaurant Brands International Inc. has a 1 year low of $61.33 and a 1 year high of $81.96. The business has a 50-day moving average of $73.75 and a two-hundred day moving average of $73.66. The company has a market capitalization of $25.84 billion, a P/E ratio of 19.89, a price-to-earnings-growth ratio of 2.16 and a beta of 0.50. The company has a debt-to-equity ratio of 2.49, a current ratio of 1.01 and a quick ratio of 0.92.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last released its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $1.07 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $2.52 billion. During the same quarter in the previous year, the business posted $0.94 EPS. Restaurant Brands International's revenue for the quarter was up 4.6% on a year-over-year basis. As a group, equities analysts predict that Restaurant Brands International Inc. will post 4.04 EPS for the current year.

Restaurant Brands International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 18th will be paid a $0.65 dividend. The ex-dividend date of this dividend is Friday, September 18th. This represents a $2.60 dividend on an annualized basis and a yield of 3.5%. Restaurant Brands International's payout ratio is presently 69.89%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on QSR shares. Barclays lifted their price objective on Restaurant Brands International from $85.00 to $92.00 and gave the stock an "overweight" rating in a research note on Thursday, May 7th. JPMorgan Chase & Co. boosted their target price 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. Evercore reaffirmed an "outperform" rating and issued a $88.00 price target on shares of Restaurant Brands International in a research note on Friday. Scotia reduced their price objective on shares of Restaurant Brands International from $83.00 to $81.00 and set a "sector perform" rating on the stock in a research note on Friday. Finally, KeyCorp boosted their price objective on shares of Restaurant Brands International from $78.00 to $90.00 and gave the company an "overweight" rating in a report on Monday, April 20th. Sixteen investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $83.83.

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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