Restaurant Brands International Inc. $QSR Shares Bought by Partners Capital Investment Group LLP

Key Points

• Partners Capital Investment Group LLP increased its stake in Restaurant Brands International Inc. by 91.2% in the first quarter, owning 145,787 shares valued at $9.7 million.
• Restaurant Brands International reported $0.94 earnings per share, missing estimates by $0.03, while quarterly revenue rose to $2.41 billion, exceeding expectations.
• The company recently declared a quarterly dividend of $0.62 per share, with a dividend yield of 3.9%, reflecting a dividend payout ratio of 93.94%.

Partners Capital Investment Group LLP increased its stake in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 91.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 145,787 shares of the restaurant operator's stock after purchasing an additional 69,557 shares during the quarter. Partners Capital Investment Group LLP's holdings in Restaurant Brands International were worth $9,715,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. HM Payson & Co. acquired a new position in Restaurant Brands International during the first quarter worth about $26,000. Dunhill Financial LLC lifted its position in Restaurant Brands International by 100.0% during the fourth quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator's stock valued at $26,000 after buying an additional 200 shares in the last quarter. Private Trust Co. NA lifted its position in 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 buying an additional 255 shares in the last quarter. Larson Financial Group LLC lifted its position in Restaurant Brands International by 438.6% during the first quarter. Larson Financial Group LLC now owns 781 shares of the restaurant operator's stock valued at $52,000 after buying an additional 636 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its position in Restaurant Brands International by 84.5% during the first quarter. Caitong International Asset Management Co. Ltd now owns 860 shares of the restaurant operator's stock valued at $57,000 after buying an additional 394 shares in the last quarter. Hedge funds and other institutional investors own 82.29% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Oppenheimer lifted their price target on shares of Restaurant Brands International from $77.00 to $80.00 and gave the company an "outperform" rating in a research report on Tuesday, May 27th. Morgan Stanley reduced their target price on shares of Restaurant Brands International from $73.00 to $72.00 and set an "equal weight" rating on the stock in a research report on Monday, July 14th. Melius began coverage on shares of Restaurant Brands International in a research report on Monday, July 14th. They set a "buy" rating and a $90.00 target price on the stock. Citigroup reduced their target price on shares of Restaurant Brands International from $76.00 to $72.00 and set a "neutral" rating on the stock in a research report on Friday, August 8th. Finally, Bank of America reduced their target price on shares of Restaurant Brands International from $62.00 to $60.00 and set an "underperform" rating on the stock in a research report on Friday, July 18th. Eleven investment 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $75.04.

Restaurant Brands International Stock Up 0.2%

QSR traded up $0.16 during trading on Tuesday, hitting $62.89. The company had a trading volume of 688,131 shares, compared to its average volume of 2,473,354. The company has a market cap of $20.61 billion, a PE ratio of 23.82, a P/E/G ratio of 2.73 and a beta of 0.58. The business has a 50-day moving average of $67.05 and a 200-day moving average of $66.68. The company has a debt-to-equity ratio of 2.69, a current ratio of 1.01 and a quick ratio of 0.95. Restaurant Brands International Inc. has a 1-year low of $58.71 and a 1-year high of $74.09.

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 (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.03). The company had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.33 billion. Restaurant Brands International had a net margin of 9.43% and a return on equity of 29.54%. The company's revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.86 earnings per share. As a group, analysts forecast that Restaurant Brands International Inc. will post 3.72 earnings per share for the current 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 issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Tuesday, September 23rd. Restaurant Brands International's dividend payout ratio is 93.94%.

About Restaurant Brands International

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.