Restaurant Brands International Inc. (NYSE:QSR) Shares Sold by Primecap Management Co. CA

Key Points

• Primecap Management Co. CA reduced its stake in Restaurant Brands International by 9.3%, owning 98,240 shares worth approximately $6.55 million after selling 10,060 shares.
• Restaurant Brands International reported quarterly earnings of $0.94 EPS, missing estimates by $0.03, while revenue was up 15.9% year-over-year at $2.41 billion.
• The company declared a quarterly dividend of $0.62 per share, with an annualized yield of 3.8%, scheduled to be paid on October 7th.

Primecap Management Co. CA trimmed its position in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 9.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,240 shares of the restaurant operator's stock after selling 10,060 shares during the quarter. Primecap Management Co. CA's holdings in Restaurant Brands International were worth $6,547,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Dunhill Financial LLC lifted its position in Restaurant Brands International by 100.0% in the fourth quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator's stock worth $26,000 after buying an additional 200 shares during the last quarter. HM Payson & Co. bought a new stake in Restaurant Brands International in the first quarter worth $26,000. Private Trust Co. NA lifted its position in 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. Larson Financial Group LLC lifted its position in Restaurant Brands International by 438.6% in the first quarter. Larson Financial Group LLC now owns 781 shares of the restaurant operator's stock worth $52,000 after buying an additional 636 shares during the last quarter. Finally, Bessemer Group Inc. lifted its position in Restaurant Brands International by 113.6% in the first quarter. Bessemer Group Inc. now owns 895 shares of the restaurant operator's stock worth $60,000 after buying an additional 476 shares during the last quarter. 82.29% of the stock is owned by hedge funds and other institutional investors.

Restaurant Brands International Stock Down 0.8%

Shares of QSR stock traded down $0.53 during trading hours on Friday, reaching $64.54. 3,622,852 shares of the company's stock were exchanged, compared to its average volume of 2,059,973. Restaurant Brands International Inc. has a 1 year low of $58.71 and a 1 year high of $74.09. The stock has a market cap of $21.16 billion, a PE ratio of 24.45, a PEG ratio of 2.01 and a beta of 0.58. The company has a current ratio of 0.96, a quick ratio of 0.90 and a debt-to-equity ratio of 2.84. The stock's fifty day moving average price is $68.16 and its two-hundred day moving average price is $66.48.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last announced its quarterly earnings data on Thursday, August 7th. The restaurant operator reported $0.94 earnings per share for the quarter, missing analysts' consensus estimates of $0.97 by ($0.03). The firm 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 29.83%. The firm's revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.86 earnings per share. Research analysts predict that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Tuesday, September 23rd will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 3.8%. The ex-dividend date is Tuesday, September 23rd. Restaurant Brands International's dividend payout ratio is currently 93.94%.

Insider Buying and Selling

In other Restaurant Brands International news, insider Jacqueline Friesner sold 70,000 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $70.08, for a total value of $4,905,600.00. Following the sale, the insider owned 182,897 shares in the company, valued at approximately $12,817,421.76. This represents a 27.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.36% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Morgan Stanley lowered their price target on Restaurant Brands International from $73.00 to $72.00 and set an "equal weight" rating for the company in a research report on Monday, July 14th. Piper Sandler decreased their target price on Restaurant Brands International from $72.00 to $70.00 and set a "neutral" rating for the company in a research report on Friday. Sanford C. Bernstein set a $78.00 target price on Restaurant Brands International in a research report on Friday. Wells Fargo & Company decreased their target price on Restaurant Brands International from $69.00 to $66.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Finally, Loop Capital reiterated a "buy" rating on shares of Restaurant Brands International in a research report on Thursday, June 26th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $75.00.

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.