Restaurant Brands International Inc. $QSR Shares Purchased by Federation des caisses Desjardins du Quebec

Key Points

• Federation des caisses Desjardins du Quebec increased its stake in Restaurant Brands International (QSR) by 11.9%, now owning approximately 1.39 million shares valued at $91.6 million.
• Restaurant Brands International recently reported earnings of $0.94 per share, which missed estimates, although revenue for the quarter was $2.41 billion, exceeding expectations.
• The company announced a quarterly dividend of $0.62 to be paid on October 7th, reflecting an annualized yield of 3.9%.

Federation des caisses Desjardins du Quebec raised its stake in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 11.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,394,711 shares of the restaurant operator's stock after acquiring an additional 147,934 shares during the quarter. Federation des caisses Desjardins du Quebec owned approximately 0.43% of Restaurant Brands International worth $91,593,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of QSR. Davis Selected Advisers acquired a new position in Restaurant Brands International in the first quarter valued at approximately $224,744,000. Royal Bank of Canada raised its stake in shares of Restaurant Brands International by 16.7% during the 1st quarter. Royal Bank of Canada now owns 22,626,635 shares of the restaurant operator's stock worth $1,507,839,000 after buying an additional 3,230,735 shares during the period. EdgePoint Investment Group Inc. raised its stake in shares of Restaurant Brands International by 26.6% during the 4th quarter. EdgePoint Investment Group Inc. now owns 12,819,570 shares of the restaurant operator's stock worth $834,478,000 after buying an additional 2,695,071 shares during the period. Invesco Ltd. raised its stake in shares of Restaurant Brands International by 465.8% during the 1st quarter. Invesco Ltd. now owns 2,644,757 shares of the restaurant operator's stock worth $176,247,000 after buying an additional 2,177,302 shares during the period. Finally, TD Asset Management Inc raised its stake in shares of Restaurant Brands International by 29.4% during the 1st quarter. TD Asset Management Inc now owns 4,631,461 shares of the restaurant operator's stock worth $308,698,000 after buying an additional 1,053,640 shares during the period. 82.29% of the stock is owned by institutional investors and hedge funds.

Restaurant Brands International Trading Up 1.5%

NYSE:QSR traded up $0.95 during trading hours on Friday, hitting $63.05. The company had a trading volume of 2,681,483 shares, compared to its average volume of 2,244,757. The company has a current ratio of 1.01, a quick ratio of 0.95 and a debt-to-equity ratio of 2.69. The company has a 50-day moving average of $66.51 and a 200 day moving average of $66.50. The company has a market cap of $20.67 billion, a P/E ratio of 23.88, a P/E/G ratio of 2.67 and a beta of 0.61. 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 issued its earnings results on Thursday, August 7th. The restaurant operator reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.03). The company had revenue of $2.41 billion during the quarter, compared to analysts' expectations of $2.33 billion. Restaurant Brands International had a net margin of 9.43% and a return on equity of 29.54%. The firm's quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.86 earnings per share. Sell-side analysts expect that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Tuesday, September 23rd will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 3.9%. The ex-dividend date is Tuesday, September 23rd. Restaurant Brands International's dividend payout ratio is presently 93.94%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on QSR shares. CIBC reduced their target price on Restaurant Brands International from $78.00 to $77.00 and set an "outperformer" rating for the company in a research note on Friday, May 9th. Truist Financial upped their target price on Restaurant Brands International from $78.00 to $81.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Morgan Stanley reduced 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 note on Monday, July 14th. Citigroup reduced their target price on Restaurant Brands International from $76.00 to $72.00 and set a "neutral" rating for the company in a research note on Friday, August 8th. Finally, Scotiabank reduced their target price on Restaurant Brands International from $75.00 to $71.00 and set a "sector perform" rating for the company in a research note on Friday, August 8th. Eleven investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $75.04.

Restaurant Brands International Company 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.