Northwestern Mutual Wealth Management Co. Decreases Stake in Restaurant Brands International Inc. $QSR

Key Points

• Northwestern Mutual Wealth Management reduced its Restaurant Brands International stake by 19.6% in the second quarter, selling 18,889 shares and retaining 77,632 shares valued at approximately $5.6 million. Institutional investors collectively own 82.29% of QSR.
• QSR shares opened at $80.16, near their 52-week high of $81.96. The company recently exceeded quarterly earnings expectations, reporting $1.07 in EPS versus the $1.04 consensus, while revenue rose 4.6% year over year to $2.52 billion.
• Restaurant Brands International declared a quarterly dividend of $0.65 per share, equivalent to an annualized yield of about 3.2%. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $84.00.

Northwestern Mutual Wealth Management Co. lowered its stake in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 19.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 77,632 shares of the restaurant operator's stock after selling 18,889 shares during the quarter. Northwestern Mutual Wealth Management Co.'s holdings in Restaurant Brands International were worth $5,629,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in QSR. Lloyd Advisory Services LLC. purchased a new position in shares of Restaurant Brands International in the fourth quarter worth $25,000. Larson Financial Group LLC boosted its position in Restaurant Brands International by 1,922.2% during the 4th quarter. Larson Financial Group LLC now owns 364 shares of the restaurant operator's stock valued at $25,000 after buying an additional 346 shares during the period. Western Wealth Management LLC bought a new stake in Restaurant Brands International in the 1st quarter worth $28,000. CoreCap Advisors LLC increased its position in shares of Restaurant Brands International by 304.3% in the second quarter. CoreCap Advisors LLC now owns 465 shares of the restaurant operator's stock valued at $34,000 after acquiring an additional 350 shares during the period. Finally, Cassaday & Co Wealth Management LLC purchased a new position in shares of Restaurant Brands International in the first quarter valued at about $40,000. Hedge funds and other institutional investors own 82.29% of the company's stock.

Restaurant Brands International Trading Up 1.6%

QSR opened at $80.16 on Friday. The stock has a market cap of $27.96 billion, a PE ratio of 21.55, a PEG ratio of 2.21 and a beta of 0.51. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 2.49. The business has a 50 day moving average of $75.55 and a 200-day moving average of $74.94. Restaurant Brands International Inc. has a 52 week low of $61.33 and a 52 week high of $81.96.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last issued its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.03. The company had revenue of $2.52 billion for the quarter, compared to analysts' expectations of $2.52 billion. Restaurant Brands International had a return on equity of 33.43% and a net margin of 13.12%.The firm's revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.94 earnings per share. Equities research analysts predict that Restaurant Brands International Inc. will post 4.03 earnings per share for the current fiscal year.

Restaurant Brands International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 18th will be given a $0.65 dividend. The ex-dividend date of this dividend is Friday, September 18th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.2%. Restaurant Brands International's dividend payout ratio is currently 69.89%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Citigroup increased their target price on shares of Restaurant Brands International from $78.00 to $80.00 and gave the stock a "neutral" rating in a report on Tuesday. Morgan Stanley upped their price target on Restaurant Brands International from $78.00 to $79.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 15th. Evercore reiterated an "outperform" rating and issued a $88.00 price objective on shares of Restaurant Brands International in a report on Friday, August 7th. Royal Bank Of Canada set a $85.00 price objective on Restaurant Brands International and gave the stock an "outperform" rating in a research report on Tuesday, July 28th. Finally, TD Cowen boosted their target price on Restaurant Brands International from $79.00 to $80.00 and gave the company a "hold" rating in a research note on Thursday, July 9th. Sixteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $84.00.

Restaurant Brands International Profile

Restaurant Brands International Inc NYSE: QSR is a global quick-service restaurant company formed through the combination of established brands. The company's principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International's business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI's restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.

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