Hsbc Holdings PLC Sells 25,377 Shares of Restaurant Brands International Inc. $QSR

Key Points

• Hsbc Holdings PLC has reduced its stake in Restaurant Brands International by 20.7%, leaving it with 97,088 shares valued at approximately $6.47 million following the sale of 25,377 shares.
• Despite the stake reduction, the company received increased investments from several other firms, resulting in 82.29% of its stock now being held by hedge funds and institutional investors.
• Analysts have revised their price targets for Restaurant Brands International, with UBS lowering its target from $90.00 to $85.00 while the average price target now stands at $75.04, reflecting a generally cautious sentiment.

Hsbc Holdings PLC cut its stake in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 20.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 97,088 shares of the restaurant operator's stock after selling 25,377 shares during the period. Hsbc Holdings PLC's holdings in Restaurant Brands International were worth $6,472,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in QSR. Barclays PLC grew its stake in shares of Restaurant Brands International by 45.2% in the fourth quarter. Barclays PLC now owns 51,320 shares of the restaurant operator's stock valued at $3,345,000 after acquiring an additional 15,969 shares in the last quarter. Guggenheim Capital LLC boosted its stake in Restaurant Brands International by 7.0% in the fourth quarter. Guggenheim Capital LLC now owns 3,438 shares of the restaurant operator's stock valued at $224,000 after buying an additional 226 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Restaurant Brands International by 28.1% in the fourth quarter. First Trust Advisors LP now owns 45,797 shares of the restaurant operator's stock worth $2,984,000 after acquiring an additional 10,033 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Restaurant Brands International by 25.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 974,868 shares of the restaurant operator's stock worth $63,541,000 after purchasing an additional 195,340 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of Restaurant Brands International by 207.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,006 shares of the restaurant operator's stock worth $261,000 after buying an additional 2,702 shares during the last quarter. Institutional investors own 82.29% of the company's stock.

Restaurant Brands International Trading Up 0.5%

NYSE QSR traded up $0.32 during mid-day trading on Friday, reaching $63.37. 1,938,348 shares of the stock were exchanged, compared to its average volume of 2,514,225. The company has a debt-to-equity ratio of 2.69, a current ratio of 1.01 and a quick ratio of 0.95. The stock has a market cap of $20.77 billion, a P/E ratio of 24.01, a P/E/G ratio of 2.73 and a beta of 0.62. The stock has a 50 day simple moving average of $66.79 and a 200-day simple moving average of $66.59. Restaurant Brands International Inc. has a one year low of $58.71 and a one year high of $74.09.

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 earnings per share for the quarter, missing analysts' consensus estimates of $0.97 by ($0.03). Restaurant Brands International had a return on equity of 29.54% and a net margin of 9.43%.The business had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.33 billion. During the same quarter in the previous year, the business posted $0.86 earnings per share. The business's revenue was up 15.9% on a year-over-year basis. On average, analysts anticipate that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Tuesday, September 23rd will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend 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 firms recently weighed in on QSR. Royal Bank Of Canada cut their price objective on Restaurant Brands International from $80.00 to $77.00 and set an "outperform" rating on the stock in a report on Friday, August 8th. Bank of America cut their price target on 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. Piper Sandler lowered their price objective on Restaurant Brands International from $72.00 to $70.00 and set a "neutral" rating for the company in a research note on Friday, August 8th. Loop Capital reiterated a "buy" rating on shares of Restaurant Brands International in a report on Thursday, June 26th. Finally, CIBC reduced their target price on shares of Restaurant Brands International from $78.00 to $77.00 and set an "outperformer" rating on the stock in a report on Friday, May 9th. Eleven investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average 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.