Savoir Faire Capital Management L.P. Lowers Position in Restaurant Brands International Inc. (NYSE:QSR)

Savoir Faire Capital Management L.P. reduced its holdings in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 55.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,535 shares of the restaurant operator's stock after selling 33,158 shares during the quarter. Restaurant Brands International accounts for about 1.5% of Savoir Faire Capital Management L.P.'s investment portfolio, making the stock its 28th largest holding. Savoir Faire Capital Management L.P.'s holdings in Restaurant Brands International were worth $1,768,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Dunhill Financial LLC lifted its position in shares of Restaurant Brands International by 100.0% in 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 during the last quarter. HM Payson & Co. acquired a new stake in shares of Restaurant Brands International in the first quarter valued at approximately $26,000. Private Trust Co. NA lifted its position in shares of Restaurant Brands International by 96.6% in 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 during the last quarter. Larson Financial Group LLC lifted its position in shares of Restaurant Brands International by 438.6% in 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 during the last quarter. Finally, Physician Wealth Advisors Inc. acquired a new stake in shares of Restaurant Brands International in the fourth quarter valued at approximately $60,000. 82.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on QSR shares. Loop Capital reiterated a "buy" rating on shares of Restaurant Brands International in a research note on Thursday, June 26th. Truist Financial lifted their price target on Restaurant Brands International from $78.00 to $81.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. UBS Group reduced their price objective on Restaurant Brands International from $90.00 to $85.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. Wells Fargo & Company reduced their price objective on Restaurant Brands International from $69.00 to $66.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Finally, Citigroup reduced their price objective on Restaurant Brands International from $67.00 to $66.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $75.65.

Restaurant Brands International Stock Down 0.5%

NYSE QSR traded down $0.34 on Friday, hitting $69.23. The stock had a trading volume of 1,606,388 shares, compared to its average volume of 2,119,082. The business's fifty day moving average price is $68.60 and its 200 day moving average price is $65.78. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.96 and a quick ratio of 0.90. Restaurant Brands International Inc. has a 52-week low of $58.71 and a 52-week high of $74.09. The stock has a market cap of $22.69 billion, a price-to-earnings ratio of 23.47, a price-to-earnings-growth ratio of 2.02 and a beta of 0.58.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.78 by ($0.03). The business had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.17 billion. Restaurant Brands International had a net margin of 10.82% and a return on equity of 28.94%. The company's revenue for the quarter was up 21.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.73 earnings per share. Equities research analysts anticipate that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 8th. Stockholders of record on Tuesday, June 24th were paid a $0.62 dividend. The ex-dividend date was Tuesday, June 24th. This represents a $2.48 annualized dividend and a dividend yield of 3.58%. Restaurant Brands International's dividend payout ratio (DPR) is 84.07%.

Insider Buying and Selling at Restaurant Brands International

In related news, insider Jacqueline Friesner sold 70,000 shares of the stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $70.08, for a total transaction of $4,905,600.00. Following the completion of the transaction, the insider owned 182,897 shares of the company's stock, valued at approximately $12,817,421.76. This trade represents a 27.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.36% of the stock is currently owned by company 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.