Epoch Investment Partners Inc. Sells 39,159 Shares of Restaurant Brands International Inc. $QSR

Key Points

• Epoch Investment Partners Inc. has decreased its stake in Restaurant Brands International Inc. by 3.9%, owning approximately 970,718 shares valued at $64.7 million following the sale of 39,159 shares.
• Analysts have lowered their price targets for Restaurant Brands International, with Morgan Stanley reducing its target from $73.00 to $72.00 and Barclays lowering it from $80.00 to $78.00.
• Restaurant Brands International recently announced a quarterly dividend of $0.62 per share, representing an annual yield of 4.0% and a high dividend payout ratio of 93.94%.

Epoch Investment Partners Inc. cut its stake in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 3.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 970,718 shares of the restaurant operator's stock after selling 39,159 shares during the period. Epoch Investment Partners Inc. owned about 0.30% of Restaurant Brands International worth $64,689,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC grew its position in Restaurant Brands International by 55.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 70,857 shares of the restaurant operator's stock worth $4,759,000 after acquiring an additional 25,292 shares during the last quarter. Aviso Financial Inc. boosted its stake in shares of Restaurant Brands International by 1.2% during the first quarter. Aviso Financial Inc. now owns 953,186 shares of the restaurant operator's stock valued at $63,566,000 after purchasing an additional 11,164 shares in the last quarter. Private Trust Co. NA grew its holdings in shares of Restaurant Brands International by 96.6% during the first 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. Raymond James Financial Inc. increased its stake in shares of Restaurant Brands International by 90.9% in the first quarter. Raymond James Financial Inc. now owns 563,747 shares of the restaurant operator's stock valued at $37,568,000 after buying an additional 268,511 shares during the period. Finally, Canoe Financial LP increased its stake in shares of Restaurant Brands International by 14.4% in the first quarter. Canoe Financial LP now owns 2,307,351 shares of the restaurant operator's stock valued at $153,834,000 after buying an additional 291,269 shares during the period. 82.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Royal Bank Of Canada cut their target price on shares of Restaurant Brands International from $80.00 to $77.00 and set an "outperform" rating on the stock in a research report on Friday, August 8th. Piper Sandler cut their price target on shares of Restaurant Brands International from $72.00 to $70.00 and set a "neutral" rating on the stock in a report on Friday, August 8th. CIBC reduced their price objective on shares of Restaurant Brands International from $78.00 to $77.00 and set an "outperformer" rating on the stock in a research note on Friday, May 9th. Morgan Stanley lowered their target price on 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. Finally, Truist Financial lifted their target price on Restaurant Brands International from $78.00 to $81.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Eleven equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $75.04.

Restaurant Brands International Trading Up 0.5%

Shares of QSR traded up $0.32 during trading hours on Monday, hitting $63.37. 1,938,348 shares of the stock were exchanged, compared to its average volume of 2,514,225. Restaurant Brands International Inc. has a fifty-two week low of $58.71 and a fifty-two week high of $74.09. The business has a 50-day moving average of $66.79 and a 200-day moving average of $66.59. The firm has a market capitalization of $20.77 billion, a P/E ratio of 24.01, a price-to-earnings-growth ratio of 2.73 and a beta of 0.62. The company has a debt-to-equity ratio of 2.69, a current ratio of 1.01 and a quick ratio of 0.95.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last issued its quarterly earnings results on Thursday, August 7th. The restaurant operator reported $0.94 EPS for the quarter, missing analysts' consensus estimates of $0.97 by ($0.03). Restaurant Brands International had a net margin of 9.43% and a return on equity of 29.54%. The firm had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.33 billion. During the same period last year, the company posted $0.86 EPS. The business's revenue was up 15.9% compared to the same quarter last year. On average, research analysts expect that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Tuesday, September 23rd will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Tuesday, September 23rd. This represents a $2.48 annualized dividend and a yield of 3.9%. Restaurant Brands International's dividend payout ratio (DPR) is currently 93.94%.

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.