Novare Capital Management LLC Has $585,000 Stock Position in Restaurant Brands International Inc. $QSR

Key Points

• Novare Capital Management LLC reduced its holdings in Restaurant Brands International by 87.3%, selling 60,776 shares and now owning a stake worth $585,000.
• Restaurant Brands International reported $0.94 earnings per share for its latest quarter, missing estimates by $0.03, while year-over-year revenue grew by 15.9%.
• The company recently announced a quarterly dividend of $0.62 per share, reflecting a yield of 3.7% and a payout ratio of 93.94%.

Novare Capital Management LLC decreased its position in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 87.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,827 shares of the restaurant operator's stock after selling 60,776 shares during the period. Novare Capital Management LLC's holdings in Restaurant Brands International were worth $585,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of QSR. HM Payson & Co. acquired a new stake in Restaurant Brands International during the first quarter valued at $26,000. Legend Financial Advisors Inc. acquired a new stake in shares of Restaurant Brands International in the second quarter worth about $33,000. CX Institutional lifted its position in shares of Restaurant Brands International by 928.0% in the second quarter. CX Institutional now owns 514 shares of the restaurant operator's stock worth $34,000 after buying an additional 464 shares during the last quarter. Private Trust Co. NA lifted its position in shares of Restaurant Brands International by 96.6% in the first quarter. Private Trust Co. NA now owns 519 shares of the restaurant operator's stock worth $35,000 after buying an additional 255 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of Restaurant Brands International by 91.2% in the first quarter. Smartleaf Asset Management LLC now owns 545 shares of the restaurant operator's stock worth $35,000 after buying an additional 260 shares during the last quarter. Institutional investors and hedge funds own 82.29% of the company's stock.

Restaurant Brands International Trading Down 0.1%

Restaurant Brands International stock opened at $67.38 on Friday. Restaurant Brands International Inc. has a 52 week low of $58.71 and a 52 week high of $74.09. 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 market capitalization of $22.09 billion, a PE ratio of 25.52, a PEG ratio of 2.93 and a beta of 0.65. The business's 50-day simple moving average is $64.77 and its 200-day simple moving average is $66.31.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last issued its quarterly earnings results on Thursday, August 7th. The restaurant operator reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.03). Restaurant Brands International had a net margin of 9.43% and a return on equity of 29.54%. The firm had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.33 billion. During the same quarter in the prior year, the firm earned $0.86 earnings per share. The company's revenue was up 15.9% on a year-over-year basis. Equities research analysts forecast that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 7th. Investors of record on Tuesday, September 23rd were paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 3.7%. The ex-dividend date was Tuesday, September 23rd. Restaurant Brands International's payout ratio is currently 93.94%.

Analyst Ratings Changes

A number of analysts have weighed in on QSR shares. Loop Capital reaffirmed a "buy" rating on shares of Restaurant Brands International in a research report on Thursday, June 26th. Royal Bank Of Canada reduced their price target on Restaurant Brands International from $80.00 to $77.00 and set an "outperform" rating for the company in a research report on Friday, August 8th. Northcoast Research cut Restaurant Brands International from a "buy" rating to a "neutral" rating in a research report on Friday, September 12th. Scotiabank boosted their price target on Restaurant Brands International from $71.00 to $73.00 and gave the stock a "sector perform" rating in a research report on Wednesday, October 8th. Finally, Sanford C. Bernstein set a $78.00 price target on Restaurant Brands International in a research report on Friday, August 8th. Eleven equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $75.21.

Restaurant Brands International 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.

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