Nykredit A S Invests $1.81 Million in Restaurant Brands International Inc. $QSR

Key Points

• Nykredit A S initiated a $1.81 million position in Restaurant Brands International during the second quarter, purchasing 25,028 shares. Institutional investors collectively own 82.29% of QSR’s stock.
• Restaurant Brands International reported quarterly EPS of $1.07, exceeding analysts’ $1.04 estimate, while revenue rose 4.6% year over year to $2.52 billion.
• QSR announced a quarterly dividend of $0.65 per share, equivalent to a 3.6% annualized yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $84.04.

Nykredit A S bought a new stake in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 25,028 shares of the restaurant operator's stock, valued at approximately $1,815,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Corient Private Wealth LP lifted its holdings in Restaurant Brands International by 90.6% during the second quarter. Corient Private Wealth LP now owns 81,292 shares of the restaurant operator's stock valued at $5,895,000 after purchasing an additional 38,638 shares in the last quarter. Amundi lifted its position in Restaurant Brands International by 8.3% during the second quarter. Amundi now owns 464,103 shares of the restaurant operator's stock valued at $33,652,000 after purchasing an additional 35,568 shares during the last quarter. Groupe la Francaise bought a new stake in shares of Restaurant Brands International in the 2nd quarter worth about $27,000. Nilsine Partners LLC increased its holdings in shares of Restaurant Brands International by 3.2% in the 2nd quarter. Nilsine Partners LLC now owns 21,317 shares of the restaurant operator's stock worth $1,546,000 after buying an additional 663 shares during the last quarter. Finally, Syon Capital LLC raised its position in shares of Restaurant Brands International by 2.4% during the 2nd quarter. Syon Capital LLC now owns 6,137 shares of the restaurant operator's stock valued at $445,000 after buying an additional 146 shares in the last quarter. 82.29% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Axel Schwan sold 57,574 shares of the company's stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $81.14, for a total value of $4,671,554.36. Following the transaction, the insider directly owned 209,908 shares in the company, valued at approximately $17,031,935.12. This represents a 21.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.22% of the stock is owned by insiders.

Restaurant Brands International Stock Performance

NYSE QSR opened at $71.96 on Wednesday. The stock has a market capitalization of $25.10 billion, a price-to-earnings ratio of 19.34, a PEG ratio of 2.03 and a beta of 0.51. The stock has a 50-day moving average of $76.07 and a 200 day moving average of $75.56. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 2.49. Restaurant Brands International Inc. has a twelve month low of $63.60 and a twelve month high of $81.96.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last released its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $1.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.04 by $0.03. Restaurant Brands International had a net margin of 13.12% and a return on equity of 33.43%. The firm had revenue of $2.52 billion for the quarter, compared to analysts' expectations of $2.52 billion. During the same quarter last year, the company earned $0.94 EPS. The firm's revenue for the quarter was up 4.6% compared to the same quarter last year. Sell-side analysts anticipate that Restaurant Brands International Inc. will post 4.04 EPS for the current fiscal year.

Restaurant Brands International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 18th will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Friday, September 18th. Restaurant Brands International's payout ratio is currently 69.89%.

Analyst Upgrades and Downgrades

QSR has been the topic of a number of recent research reports. Morgan Stanley upped their price objective 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. Citigroup increased their price objective on Restaurant Brands International from $78.00 to $80.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 1st. Evercore reissued an "outperform" rating and issued a $88.00 price objective on shares of Restaurant Brands International in a research note on Friday, August 7th. Weiss Ratings raised shares of Restaurant Brands International from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, August 12th. Finally, Robert W. Baird boosted their target price on shares of Restaurant Brands International from $80.00 to $85.00 and gave the stock a "neutral" rating in a research report on Monday, August 24th. Sixteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $84.04.

Restaurant Brands International Profile

Restaurant Brands International Inc NYSE: QSR is a global quick-service restaurant company that owns and operates a portfolio of well-known restaurant brands. Its principal brands are Burger King, Tim Hortons, Popeyes and Firehouse Subs, which serve products including hamburgers, chicken, sandwiches, coffee, baked goods and other prepared foods.

RBI primarily operates through a franchise-based business model, supporting independently owned and operated restaurants through brand management, restaurant development, marketing and supply-chain programs.

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