Forsta AP Fonden Decreases Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Key Points

• Forsta AP Fonden has significantly reduced its stake in Restaurant Brands International Inc. by selling 49,700 shares, resulting in a total ownership of 70,300 shares.
• The company's recent financial results showed earnings of $0.94 per share, which missed analysts' expectations, but revenue increased by 15.9% year-over-year, reaching $2.41 billion.
• Restaurant Brands International has declared a quarterly dividend of $0.62 per share, representing a yield of 3.8%, with a payout ratio of 93.94%.

Forsta AP Fonden lowered its holdings in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 41.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 70,300 shares of the restaurant operator's stock after selling 49,700 shares during the quarter. Forsta AP Fonden's holdings in Restaurant Brands International were worth $4,686,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. HM Payson & Co. bought a new stake in shares of Restaurant Brands International during the 1st quarter worth $26,000. Dunhill Financial LLC grew its holdings in Restaurant Brands International by 100.0% during the 4th quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator's stock valued at $26,000 after buying an additional 200 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 in the last quarter. Larson Financial Group LLC grew its holdings in shares of Restaurant Brands International by 438.6% during the first quarter. Larson Financial Group LLC now owns 781 shares of the restaurant operator's stock worth $52,000 after purchasing an additional 636 shares in the last quarter. Finally, Bessemer Group Inc. grew its holdings in shares of Restaurant Brands International by 113.6% during the first quarter. Bessemer Group Inc. now owns 895 shares of the restaurant operator's stock worth $60,000 after purchasing an additional 476 shares in the last quarter. 82.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on QSR. Melius began coverage on Restaurant Brands International in a research report on Monday, July 14th. They issued a "buy" rating and a $90.00 price objective for the company. UBS Group reduced their price target on Restaurant Brands International from $90.00 to $85.00 and set a "buy" rating on the stock in a research note on Monday, May 5th. CIBC cut their target price on 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. Royal Bank Of Canada dropped their price objective on 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. Finally, Barclays dropped their price objective on Restaurant Brands International from $80.00 to $78.00 and set an "overweight" rating on the stock in a research report on Friday, August 8th. One 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, Restaurant Brands International presently has a consensus rating of "Hold" and a consensus price target of $75.04.

Insider Activity at Restaurant Brands International

In related news, insider Jacqueline Friesner sold 70,000 shares of Restaurant Brands International stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $70.08, for a total value of $4,905,600.00. Following the completion of the transaction, the insider directly owned 182,897 shares in the company, valued at approximately $12,817,421.76. This trade represents a 27.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.25% of the stock is currently owned by corporate insiders.

Restaurant Brands International Price Performance

Shares of QSR stock traded up $0.69 during trading hours on Wednesday, reaching $65.50. The company had a trading volume of 1,998,932 shares, compared to its average volume of 2,494,413. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.95 and a current ratio of 1.01. The stock has a fifty day moving average of $67.88 and a 200-day moving average of $66.52. The company has a market capitalization of $21.47 billion, a price-to-earnings ratio of 24.81, a PEG ratio of 2.59 and a beta of 0.58. Restaurant Brands International Inc. has a 12-month low of $58.71 and a 12-month high of $74.09.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last posted its quarterly earnings results on Thursday, August 7th. The restaurant operator reported $0.94 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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%. Restaurant Brands International's revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter last year, the company earned $0.86 earnings per share. On average, equities analysts anticipate that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 7th. Stockholders of record on Tuesday, September 23rd will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Tuesday, September 23rd. 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.