Invesco Ltd. Has $176.25 Million Position in Restaurant Brands International Inc. (NYSE:QSR)

Key Points

• Invesco Ltd. significantly increased its stake in Restaurant Brands International by 465.8%, now owning approximately 2.64 million shares valued at $176.25 million.
• Restaurant Brands International reported a quarterly earnings miss with $0.94 EPS, falling short of estimates of $0.97 EPS, despite a 15.9% year-over-year revenue increase.
• The company has declared a quarterly dividend of $0.62, resulting in an annualized dividend yield of 3.8%.

Invesco Ltd. increased its position in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 465.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,644,757 shares of the restaurant operator's stock after acquiring an additional 2,177,302 shares during the quarter. Invesco Ltd. owned about 0.81% of Restaurant Brands International worth $176,247,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. GeoWealth Management LLC increased its stake in Restaurant Brands International by 7.0% in the fourth quarter. GeoWealth Management LLC now owns 2,487 shares of the restaurant operator's stock valued at $162,000 after purchasing an additional 163 shares in the last quarter. Capital Analysts LLC increased its stake in Restaurant Brands International by 24.3% in the fourth quarter. Capital Analysts LLC now owns 952 shares of the restaurant operator's stock valued at $62,000 after purchasing an additional 186 shares in the last quarter. Dunhill Financial LLC increased its stake in Restaurant Brands International by 100.0% in the fourth quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator's stock valued at $26,000 after purchasing an additional 200 shares in the last quarter. Guggenheim Capital LLC increased 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 purchasing an additional 226 shares in the last quarter. Finally, Private Trust Co. NA increased 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 purchasing an additional 255 shares in the last quarter. Institutional investors own 82.29% of the company's stock.

Analyst Ratings Changes

QSR has been the subject of several recent analyst reports. Barclays lowered their target price on shares of Restaurant Brands International from $80.00 to $78.00 and set an "overweight" rating for the company in a research note on Friday, August 8th. Citigroup lowered their target price on shares of 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. Melius started coverage on shares of Restaurant Brands International in a research note on Monday, July 14th. They issued a "buy" rating and a $90.00 target price for the company. Piper Sandler reduced their price target on shares of Restaurant Brands International from $72.00 to $70.00 and set a "neutral" rating for the company in a report on Friday, August 8th. Finally, Bank of America reduced their price target on shares of Restaurant Brands International from $62.00 to $60.00 and set an "underperform" rating for the company in a report on Friday, July 18th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $75.04.

Restaurant Brands International Stock Up 0.3%

QSR traded up $0.17 during trading hours on Friday, hitting $65.35. 1,687,402 shares of the company's stock were exchanged, compared to its average volume of 2,065,123. Restaurant Brands International Inc. has a 1-year low of $58.71 and a 1-year high of $74.09. The stock's 50-day moving average is $67.52 and its two-hundred day moving average is $66.55. The stock has a market cap of $21.42 billion, a price-to-earnings ratio of 24.75, a PEG ratio of 2.81 and a beta of 0.58. The company has a quick ratio of 0.95, a current ratio of 1.01 and a debt-to-equity ratio of 2.69.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last announced 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). The firm had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.33 billion. Restaurant Brands International had a net margin of 9.43% and a return on equity of 29.54%. The business's revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.86 EPS. Sell-side analysts predict that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Tuesday, September 23rd will be paid a $0.62 dividend. The ex-dividend date is Tuesday, September 23rd. This represents a $2.48 dividend on an annualized basis and a yield of 3.8%. Restaurant Brands International's dividend payout ratio (DPR) is currently 93.94%.

Insider Buying and Selling

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

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.