119,999 Shares in Restaurant Brands International Inc. (NYSE:QSR) Acquired by MUFG Securities EMEA plc

Key Points

• MUFG Securities EMEA plc has invested approximately $8 million in Restaurant Brands International Inc. (NYSE:QSR), acquiring nearly 120,000 shares in the first quarter.
• Restaurant Brands International reported a quarterly earnings per share (EPS) of $0.94, missing estimates by $0.03, but its revenue rose by 15.9% year-over-year, reaching $2.41 billion.
• The company announced a quarterly dividend of $0.62 per share, reflecting a dividend yield of 3.8% and a payout ratio of 84.07%.

MUFG Securities EMEA plc purchased a new position in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 119,999 shares of the restaurant operator's stock, valued at approximately $7,997,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Capital World Investors lifted its position in Restaurant Brands International by 2.0% in the 4th quarter. Capital World Investors now owns 43,418,188 shares of the restaurant operator's stock valued at $2,829,974,000 after acquiring an additional 841,167 shares in the last quarter. Vanguard Group Inc. lifted its position in Restaurant Brands International by 7.6% in the 1st quarter. Vanguard Group Inc. now owns 14,169,061 shares of the restaurant operator's stock valued at $944,538,000 after acquiring an additional 1,003,563 shares in the last quarter. EdgePoint Investment Group Inc. lifted its position in Restaurant Brands International by 26.6% in the 4th quarter. EdgePoint Investment Group Inc. now owns 12,819,570 shares of the restaurant operator's stock valued at $834,478,000 after acquiring an additional 2,695,071 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Restaurant Brands International by 0.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,108,527 shares of the restaurant operator's stock valued at $540,352,000 after acquiring an additional 47,192 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its position in Restaurant Brands International by 17.1% in the 1st quarter. Mackenzie Financial Corp now owns 4,912,807 shares of the restaurant operator's stock valued at $327,486,000 after acquiring an additional 717,867 shares in the last quarter. 82.29% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Jacqueline Friesner sold 70,000 shares of the business's stock in a transaction that occurred on 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 sale, the insider directly owned 182,897 shares in the company, valued at $12,817,421.76. The trade was a 27.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.25% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on QSR shares. Guggenheim upped their price objective on Restaurant Brands International from $77.00 to $78.00 and gave the company a "buy" rating in a research report on Wednesday. Piper Sandler decreased their target price on Restaurant Brands International from $72.00 to $70.00 and set a "neutral" rating on the stock in a report on Friday, August 8th. Scotiabank decreased their target price on Restaurant Brands International from $75.00 to $71.00 and set a "sector perform" rating on the stock in a report on Friday, August 8th. CIBC decreased their target price on Restaurant Brands International from $78.00 to $77.00 and set an "outperformer" rating on the stock in a report on Friday, May 9th. Finally, UBS Group lowered their price objective on Restaurant Brands International from $90.00 to $85.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $75.04.

Restaurant Brands International Stock Up 0.7%

QSR stock traded up $0.47 on Wednesday, hitting $65.28. 882,802 shares of the company's stock were exchanged, compared to its average volume of 2,486,926. Restaurant Brands International Inc. has a 12-month low of $58.71 and a 12-month high of $74.09. The firm has a 50 day moving average price of $67.88 and a two-hundred day moving average price of $66.52. 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 stock has a market cap of $21.40 billion, a P/E ratio of 24.70, a price-to-earnings-growth ratio of 2.59 and a beta of 0.58.

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 firm had revenue of $2.41 billion for the quarter, compared to analysts' expectations of $2.33 billion. Restaurant Brands International had a net margin of 9.43% and a return on equity of 29.54%. The firm's revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.86 EPS. As a group, equities research analysts expect that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Stockholders of record on Tuesday, September 23rd will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Tuesday, September 23rd. Restaurant Brands International's 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.