Restaurant Brands International Inc. (NYSE:QSR) Holdings Raised by Banco Santander S.A.

Key Points

• Banco Santander S.A. increased its stake in Restaurant Brands International by 31.9%, holding 15,308 shares valued at approximately $1,020,000.
• In its most recent earnings report, Restaurant Brands International missed analysts' estimates with $0.75 earnings per share against a consensus of $0.78.
• The company announced a quarterly dividend of $0.62, representing an annualized yield of 3.6% and a payout ratio of 84.07%.

Banco Santander S.A. boosted its stake in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 31.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,308 shares of the restaurant operator's stock after buying an additional 3,700 shares during the quarter. Banco Santander S.A.'s holdings in Restaurant Brands International were worth $1,020,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Cumberland Partners Ltd purchased a new stake in Restaurant Brands International in the 1st quarter worth approximately $260,000. Jefferies Financial Group Inc. acquired a new stake in shares of Restaurant Brands International in the 1st quarter valued at $216,000. Alberta Investment Management Corp lifted its stake in shares of Restaurant Brands International by 51.1% in the 1st quarter. Alberta Investment Management Corp now owns 1,381,830 shares of the restaurant operator's stock valued at $92,101,000 after purchasing an additional 467,330 shares during the last quarter. US Bancorp DE lifted its stake in shares of Restaurant Brands International by 50.1% in the 1st quarter. US Bancorp DE now owns 8,045 shares of the restaurant operator's stock valued at $536,000 after purchasing an additional 2,685 shares during the last quarter. Finally, Arkadios Wealth Advisors acquired a new stake in shares of Restaurant Brands International in the 1st quarter valued at $2,030,000. Hedge funds and other institutional investors own 82.29% of the company's stock.

Restaurant Brands International Stock Performance

NYSE QSR opened at $68.09 on Monday. The stock has a market cap of $22.32 billion, a P/E ratio of 23.08, a PEG ratio of 2.12 and a beta of 0.58. The company's 50-day simple moving average is $68.55 and its 200 day simple moving average is $66.29. Restaurant Brands International Inc. has a twelve month low of $58.71 and a twelve month high of $74.09. The company has a quick ratio of 0.90, a current ratio of 0.96 and a debt-to-equity ratio of 2.84.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last posted its earnings results on Thursday, May 8th. The restaurant operator reported $0.75 earnings per share for the quarter, missing analysts' consensus estimates of $0.78 by ($0.03). The business had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.17 billion. Restaurant Brands International had a net margin of 10.82% and a return on equity of 28.94%. The business's revenue was up 21.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.73 EPS. As a group, research analysts forecast that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 8th. Investors of record on Tuesday, June 24th were paid a $0.62 dividend. The ex-dividend date of this dividend was Tuesday, June 24th. This represents a $2.48 dividend on an annualized basis and a yield of 3.6%. Restaurant Brands International's payout ratio is presently 84.07%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. CIBC reduced their price objective on shares of Restaurant Brands International from $78.00 to $77.00 and set an "outperformer" rating for the company in a research note on Friday, May 9th. Morgan Stanley reduced their price objective on shares of Restaurant Brands International from $73.00 to $72.00 and set an "equal weight" rating for the company in a research note on Monday, July 14th. Robert W. Baird reduced their price objective on shares of Restaurant Brands International from $72.00 to $65.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Loop Capital reaffirmed a "buy" rating on shares of Restaurant Brands International in a research note on Thursday, June 26th. Finally, Citigroup lifted their target price on shares of Restaurant Brands International from $75.00 to $76.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $76.09.

Insiders Place Their Bets

In related news, insider Jacqueline Friesner sold 70,000 shares of the company's stock in a transaction dated Friday, May 23rd. The shares were 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 of the company's stock, valued at $12,817,421.76. The trade was a 27.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.36% of the stock is currently owned by insiders.

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.

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