Kodai Capital Management LP Acquires New Shares in Restaurant Brands International Inc. $QSR

Key Points

• Kodai Capital Management LP has acquired a new position in Restaurant Brands International Inc. with 255,563 shares, valued at approximately $17 million, representing a 0.08% stake in the company.
• Several institutional investors have also increased their stakes in Restaurant Brands International, with notable increases by Dunhill Financial LLC and Private Trust Co. NA during the recent quarters.
• The company reported earnings of $0.94 per share for the last quarter, missing analysts' expectations, but achieved a revenue increase of 15.9% year-over-year, totaling $2.41 billion.

Kodai Capital Management LP purchased a new position in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 255,563 shares of the restaurant operator's stock, valued at approximately $17,031,000. Kodai Capital Management LP owned about 0.08% of Restaurant Brands International as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Restaurant Brands International by 7.6% in the first quarter. Vanguard Group Inc. now owns 14,169,061 shares of the restaurant operator's stock worth $944,538,000 after buying an additional 1,003,563 shares during the period. EdgePoint Investment Group Inc. increased its holdings in shares of Restaurant Brands International by 26.6% in the fourth 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. Goldman Sachs Group Inc. increased its holdings in shares of Restaurant Brands International by 0.6% in the first quarter. Goldman Sachs Group Inc. now owns 8,108,527 shares of the restaurant operator's stock worth $540,352,000 after buying an additional 47,192 shares during the period. 1832 Asset Management L.P. increased its holdings in shares of Restaurant Brands International by 4.3% in the first quarter. 1832 Asset Management L.P. now owns 6,959,757 shares of the restaurant operator's stock worth $463,798,000 after buying an additional 289,233 shares during the period. Finally, Mackenzie Financial Corp increased its holdings in shares of Restaurant Brands International by 17.1% in the first quarter. Mackenzie Financial Corp now owns 4,912,807 shares of the restaurant operator's stock worth $327,486,000 after buying an additional 717,867 shares during the period. Institutional investors own 82.29% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on QSR. Bank of America decreased their price objective on Restaurant Brands International from $62.00 to $60.00 and set an "underperform" rating on the stock in a report on Friday, July 18th. Oppenheimer boosted their price target on Restaurant Brands International from $77.00 to $80.00 and gave the company an "outperform" rating in a report on Tuesday, May 27th. Truist Financial boosted their price target on Restaurant Brands International from $78.00 to $81.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Citigroup reduced their price target on Restaurant Brands International from $76.00 to $72.00 and set a "neutral" rating on the stock in a report on Friday, August 8th. Finally, Loop Capital restated a "buy" rating on shares of Restaurant Brands International in a report on Thursday, June 26th. Eleven equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $75.04.

Restaurant Brands International Stock Down 1.3%

Shares of QSR stock traded down $0.80 during midday trading on Tuesday, reaching $62.53. 2,394,996 shares of the stock were exchanged, compared to its average volume of 2,480,797. Restaurant Brands International Inc. has a 1 year low of $58.71 and a 1 year high of $74.09. The company's 50 day moving average is $66.73 and its two-hundred day moving average is $66.58. 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 firm has a market cap of $20.50 billion, a PE ratio of 23.69, a price-to-earnings-growth ratio of 2.73 and a beta of 0.62.

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 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 return on equity of 29.54% and a net margin of 9.43%.The business's quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.86 EPS. On average, equities research analysts predict that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Tuesday, September 23rd will be given a $0.62 dividend. The ex-dividend date of this dividend is Tuesday, September 23rd. This represents a $2.48 annualized dividend and a yield of 4.0%. Restaurant Brands International's dividend payout ratio is 93.94%.

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.