Goldman Sachs Group Inc. Buys 47,192 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Key Points

• Goldman Sachs Group Inc. acquired an additional 47,192 shares of Restaurant Brands International Inc., increasing its total holdings to 8,108,527 shares, which is valued at approximately $540 million.
• Analysts have set varying price targets for Restaurant Brands International, with a consensus rating of "Hold" and an average price target of $76.09.
• The company reported Q2 earnings of $0.75 per share, missing expectations of $0.78, while its quarterly revenue rose 21.3% year-over-year.

Goldman Sachs Group Inc. boosted its position in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 0.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,108,527 shares of the restaurant operator's stock after acquiring an additional 47,192 shares during the quarter. Goldman Sachs Group Inc. owned 2.47% of Restaurant Brands International worth $540,352,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of QSR. Dunhill Financial LLC lifted its stake in shares of Restaurant Brands International by 100.0% in the 4th quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator's stock valued at $26,000 after acquiring an additional 200 shares during the last quarter. HM Payson & Co. acquired a new stake in Restaurant Brands International during the 1st quarter worth about $26,000. Private Trust Co. NA lifted its stake in Restaurant Brands International by 96.6% in the first quarter. Private Trust Co. NA now owns 519 shares of the restaurant operator's stock valued at $35,000 after buying an additional 255 shares during the period. Larson Financial Group LLC boosted its stake in 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 acquiring an additional 636 shares in the last quarter. Finally, Bessemer Group Inc. grew its stake in shares of Restaurant Brands International by 113.6% in the 1st quarter. Bessemer Group Inc. now owns 895 shares of the restaurant operator's stock valued at $60,000 after buying an additional 476 shares during the period. Institutional investors own 82.29% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Scotiabank raised shares of Restaurant Brands International to a "hold" rating and set a $75.00 price objective on the stock in a research note on Wednesday, June 18th. Bank of America dropped their target price on shares of Restaurant Brands International from $62.00 to $60.00 and set an "underperform" rating on the stock in a research note on Friday, July 18th. Loop Capital restated a "buy" rating on shares of Restaurant Brands International in a research note on Thursday, June 26th. Melius began coverage on Restaurant Brands International in a research note on Monday, July 14th. They set a "buy" rating and a $90.00 price objective on the stock. Finally, Morgan Stanley lowered their target price on shares of Restaurant Brands International from $73.00 to $72.00 and set an "equal weight" rating on the stock in a research note on Monday, July 14th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, Restaurant Brands International currently has a consensus rating of "Hold" and a consensus price target of $76.09.

Insider Activity at Restaurant Brands International

In other Restaurant Brands International news, insider Jacqueline Friesner sold 70,000 shares of the business's stock in a transaction dated 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 owned 182,897 shares of the company's stock, valued at approximately $12,817,421.76. The trade was a 27.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.36% of the company's stock.

Restaurant Brands International Price Performance

Shares of Restaurant Brands International stock opened at $68.61 on Thursday. The business has a 50 day moving average of $68.40 and a 200 day moving average of $66.38. Restaurant Brands International Inc. has a 52 week low of $58.71 and a 52 week high of $74.09. The company has a quick ratio of 0.90, a current ratio of 0.96 and a debt-to-equity ratio of 2.84. The company has a market cap of $22.49 billion, a PE ratio of 23.26, a P/E/G ratio of 2.12 and a beta of 0.58.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last issued its quarterly earnings results on Thursday, May 8th. The restaurant operator reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.03). The firm had revenue of $2.03 billion during the quarter, compared to analysts' expectations of $2.17 billion. Restaurant Brands International had a return on equity of 28.94% and a net margin of 10.82%. Restaurant Brands International's revenue for the quarter was up 21.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.73 earnings per share. As a group, equities research analysts forecast that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 8th. Shareholders of record on Tuesday, June 24th were issued a $0.62 dividend. The ex-dividend date of this dividend was Tuesday, June 24th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.6%. Restaurant Brands International's dividend payout ratio (DPR) is presently 84.07%.

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.

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