Restaurant Brands International Inc. $QSR Holdings Boosted by Capital International Inc. CA

Key Points

• Capital International raised its stake in Restaurant Brands International by 15.9% to 220,696 shares (about $14.16M) in Q3, and several other institutions also increased holdings, leaving institutional ownership at 82.29%.
• Corporate insiders sold a total of 186,401 shares (about $12.86M) over the last quarter—including transactions by Jacqueline Friesner and Duncan Fulton—reducing insider ownership to 1.25%.
• RBI beat quarterly estimates with $0.96 EPS and $2.47B revenue, raised its quarterly dividend to $0.65 (annualized $2.60, a 3.6% yield), and recent analyst moves have pushed the consensus to a "Moderate Buy" with a $78.95 target price.

Capital International Inc. CA raised its stake in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 15.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 220,696 shares of the restaurant operator's stock after acquiring an additional 30,277 shares during the period. Capital International Inc. CA owned 0.07% of Restaurant Brands International worth $14,155,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in QSR. Intact Investment Management Inc. increased its stake in shares of Restaurant Brands International by 10.6% in the third quarter. Intact Investment Management Inc. now owns 759,391 shares of the restaurant operator's stock valued at $48,722,000 after purchasing an additional 72,800 shares during the period. Hillsdale Investment Management Inc. boosted its position in shares of Restaurant Brands International by 23,154.1% during the third quarter. Hillsdale Investment Management Inc. now owns 39,532 shares of the restaurant operator's stock worth $2,535,000 after buying an additional 39,362 shares during the period. Machina Capital S.A.S. bought a new position in Restaurant Brands International in the 3rd quarter worth approximately $1,214,000. New York State Common Retirement Fund grew its holdings in Restaurant Brands International by 51.4% in the 3rd quarter. New York State Common Retirement Fund now owns 196,100 shares of the restaurant operator's stock worth $12,578,000 after buying an additional 66,600 shares in the last quarter. Finally, Fiera Capital Corp increased its position in Restaurant Brands International by 17.2% in the 3rd quarter. Fiera Capital Corp now owns 4,946,163 shares of the restaurant operator's stock valued at $317,191,000 after acquiring an additional 724,540 shares during the period. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Restaurant Brands International

In related news, insider Jacqueline Friesner sold 4,617 shares of the firm's stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $67.51, for a total transaction of $311,693.67. Following the completion of the sale, the insider directly owned 194,201 shares in the company, valued at approximately $13,110,509.51. This trade represents a 2.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Duncan Fulton sold 10,308 shares of the company's stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $67.51, for a total value of $695,893.08. Following the completion of the transaction, the insider directly owned 49,677 shares in the company, valued at $3,353,694.27. This represents a 17.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 186,401 shares of company stock valued at $12,857,069. Corporate insiders own 1.25% of the company's stock.

Analyst Ratings Changes

QSR has been the topic of several recent analyst reports. Piper Sandler raised Restaurant Brands International from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $71.00 to $84.00 in a research note on Monday, March 2nd. Sanford C. Bernstein set a $82.00 price target on Restaurant Brands International in a report on Friday, February 13th. Truist Financial lifted their price objective on shares of Restaurant Brands International from $83.00 to $87.00 and gave the company a "buy" rating in a research note on Monday, March 2nd. Wells Fargo & Company upped their price objective on shares of Restaurant Brands International from $70.00 to $75.00 and gave the stock an "equal weight" rating in a report on Friday, February 27th. Finally, BMO Capital Markets decreased their target price on shares of Restaurant Brands International from $83.00 to $81.00 and set an "outperform" rating for the company in a research report on Friday, February 13th. Fourteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Restaurant Brands International currently has a consensus rating of "Moderate Buy" and a consensus target price of $78.95.

Restaurant Brands International Stock Performance

QSR opened at $71.98 on Wednesday. The business has a 50 day moving average price of $69.03 and a two-hundred day moving average price of $67.94. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.98 and a quick ratio of 0.91. The company has a market capitalization of $24.94 billion, a price-to-earnings ratio of 30.50, a price-to-earnings-growth ratio of 2.08 and a beta of 0.56. Restaurant Brands International Inc. has a 1-year low of $58.71 and a 1-year high of $74.42.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last posted its quarterly earnings data on Thursday, February 12th. The restaurant operator reported $0.96 EPS for the quarter, topping analysts' consensus estimates of $0.93 by $0.03. Restaurant Brands International had a return on equity of 32.51% and a net margin of 8.23%.The company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter in the previous year, the business earned $0.81 EPS. The company's quarterly revenue was up 7.4% compared to the same quarter last year. Research analysts predict that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Thursday, March 19th will be issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Thursday, March 19th. This is an increase from Restaurant Brands International's previous quarterly dividend of $0.62. Restaurant Brands International's payout ratio is presently 105.08%.

Restaurant Brands International Company Profile

Restaurant Brands International Inc NYSE: QSR is a global quick-service restaurant company formed through the combination of established brands. The company's principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International's business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI's restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.

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