Restaurant Brands International Inc. $QSR Shares Bought by Korea Investment CORP

Key Points

• Korea Investment CORP has significantly increased its holdings in Restaurant Brands International by 74.5%, acquiring an additional 117,250 shares and now owning 274,597 shares worth approximately $18.3 million.
• Restaurant Brands International reported earnings of $0.94 per share, falling short of analysts' expectations of $0.97, despite a year-over-year revenue increase of 15.9% to $2.41 billion.
• The company recently announced a quarterly dividend of $0.62 per share, which equates to an annualized yield of 3.9%.

Korea Investment CORP boosted its stake in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 74.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 274,597 shares of the restaurant operator's stock after purchasing an additional 117,250 shares during the period. Korea Investment CORP owned approximately 0.08% of Restaurant Brands International worth $18,302,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Dunhill Financial LLC grew its position in Restaurant Brands International by 100.0% during the 4th quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator's stock worth $26,000 after purchasing an additional 200 shares during the last quarter. HM Payson & Co. purchased a new stake in Restaurant Brands International during the 1st quarter worth approximately $26,000. Private Trust Co. NA grew its position in Restaurant Brands International by 96.6% during the 1st quarter. Private Trust Co. NA now owns 519 shares of the restaurant operator's stock worth $35,000 after purchasing an additional 255 shares during the last quarter. Larson Financial Group LLC grew its position in Restaurant Brands International by 438.6% during the 1st quarter. Larson Financial Group LLC now owns 781 shares of the restaurant operator's stock worth $52,000 after purchasing an additional 636 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its position in Restaurant Brands International by 84.5% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 860 shares of the restaurant operator's stock worth $57,000 after purchasing an additional 394 shares during the last quarter. Hedge funds and other institutional investors own 82.29% of the company's stock.

Restaurant Brands International Stock Performance

Shares of QSR traded up $0.04 during trading hours on Tuesday, hitting $62.77. The stock had a trading volume of 3,215,838 shares, compared to its average volume of 2,333,052. 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 firm has a 50-day moving average price of $66.97 and a 200 day moving average price of $66.66. Restaurant Brands International Inc. has a fifty-two week low of $58.71 and a fifty-two week high of $74.09. The firm has a market capitalization of $20.58 billion, a price-to-earnings ratio of 23.78, a PEG ratio of 2.70 and a beta of 0.58.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last posted its quarterly earnings data 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). The company had revenue of $2.41 billion for the quarter, compared to analyst estimates 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 revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.86 earnings per share. As a group, research analysts anticipate that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms have weighed in on QSR. Royal Bank Of Canada dropped their target price on shares of 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. Melius initiated coverage on shares of Restaurant Brands International in a research note on Monday, July 14th. They set a "buy" rating and a $90.00 price objective for the company. Scotiabank decreased their price objective on shares of Restaurant Brands International from $75.00 to $71.00 and set a "sector perform" rating for the company in a research note on Friday, August 8th. Morgan Stanley decreased their price objective on shares of Restaurant Brands International from $73.00 to $72.00 and set an "equal weight" rating for the company in a research note on Monday, July 14th. Finally, Argus cut shares of Restaurant Brands International from a "buy" rating to a "hold" rating in a research note on Friday, August 15th. 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. According to data from MarketBeat.com, Restaurant Brands International presently has a consensus rating of "Hold" and a consensus target price of $75.04.

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.