Nuveen LLC Invests $16.09 Million in Restaurant Brands International Inc. $QSR

Key Points

• Nuveen LLC has acquired a new stake of approximately $16.09 million in Restaurant Brands International Inc., holding about 0.07% of the company's shares as of the latest SEC filing.
• Restaurant Brands reported a missed earnings estimate, posting $0.94 earnings per share against a consensus estimate of $0.97, despite a year-over-year revenue increase of 15.9%.
• The company has announced a quarterly dividend of $0.62 per share, with a yield of 3.9%, set to be paid to shareholders on October 7th.

Nuveen LLC bought a new stake in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 241,446 shares of the restaurant operator's stock, valued at approximately $16,093,000. Nuveen LLC owned 0.07% of Restaurant Brands International at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its stake in Restaurant Brands International by 55.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 70,857 shares of the restaurant operator's stock valued at $4,759,000 after purchasing an additional 25,292 shares during the period. Private Trust Co. NA grew its position in shares of Restaurant Brands International by 96.6% during the first quarter. Private Trust Co. NA now owns 519 shares of the restaurant operator's stock valued at $35,000 after purchasing an additional 255 shares in the last quarter. Canoe Financial LP increased its holdings in shares of Restaurant Brands International by 14.4% in the first quarter. Canoe Financial LP now owns 2,307,351 shares of the restaurant operator's stock worth $153,834,000 after purchasing an additional 291,269 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Restaurant Brands International by 8.7% in the first quarter. Janney Montgomery Scott LLC now owns 5,889 shares of the restaurant operator's stock worth $392,000 after buying an additional 470 shares in the last quarter. Finally, Advisor Resource Council bought a new position in Restaurant Brands International during the first quarter valued at approximately $333,000. Institutional investors own 82.29% of the company's stock.

Restaurant Brands International Trading Down 0.8%

NYSE QSR traded down $0.4830 on Friday, hitting $63.3070. 2,915,922 shares of the stock were exchanged, compared to its average volume of 2,180,002. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.95 and a current ratio of 1.01. Restaurant Brands International Inc. has a 52-week low of $58.71 and a 52-week high of $74.09. The firm has a market capitalization of $20.75 billion, a P/E ratio of 18.48, a P/E/G ratio of 2.73 and a beta of 0.58. The stock has a fifty day moving average price of $67.14 and a two-hundred day moving average price of $66.65.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last released its 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). The firm had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.33 billion. Restaurant Brands International had a return on equity of 29.54% and a net margin of 9.43%.Restaurant Brands International's revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.86 EPS. Research analysts forecast that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Announces Dividend

The firm also recently announced 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. This represents a $2.48 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Tuesday, September 23rd. Restaurant Brands International's payout ratio is 93.94%.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Barclays reduced their price objective on Restaurant Brands International from $80.00 to $78.00 and set an "overweight" rating on the stock in a research note on Friday, August 8th. Scotiabank reduced their price target on shares of Restaurant Brands International from $75.00 to $71.00 and set a "sector perform" rating on the stock in a research report on Friday, August 8th. Citigroup decreased their price target on shares of Restaurant Brands International from $76.00 to $72.00 and set a "neutral" rating on the stock in a research note on Friday, August 8th. Melius initiated coverage on shares of Restaurant Brands International in a research note on Monday, July 14th. They issued a "buy" rating and a $90.00 price objective for the company. Finally, Oppenheimer boosted their target price on shares of Restaurant Brands International from $77.00 to $80.00 and gave the stock an "outperform" rating in a report on Tuesday, May 27th. Eleven analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Restaurant Brands International has an average rating of "Hold" and a consensus price target of $75.04.

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.