Restaurant Brands International Inc. $QSR Shares Acquired by Capital International Sarl

Key Points

• Capital International Sarl increased its holding in Restaurant Brands International by 7.3% in Q3 to 354,905 shares (about $22.76M); institutional investors now own roughly 82.29% of the company.
• RBI raised its quarterly dividend to $0.65 (annualized $2.60) for a 3.5% yield; the dividend is payable April 2 to shareholders of record March 19 and the payout ratio stands at 105.08%.
• The company beat quarterly estimates with EPS of $0.96 versus $0.93 and revenue of $2.47B versus $2.41B (revenue up 7.4% YoY); analysts project full-year EPS of 3.72 and the stock trades with a P/E of about 31.08.

Capital International Sarl boosted its holdings in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 7.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 354,905 shares of the restaurant operator's stock after purchasing an additional 24,262 shares during the quarter. Capital International Sarl owned about 0.11% of Restaurant Brands International worth $22,764,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Restaurant Brands International by 2.2% in the 3rd quarter. Vanguard Group Inc. now owns 15,639,519 shares of the restaurant operator's stock valued at $1,003,301,000 after buying an additional 335,793 shares in the last quarter. TD Asset Management Inc lifted its position in Restaurant Brands International by 0.3% in the third quarter. TD Asset Management Inc now owns 5,505,861 shares of the restaurant operator's stock valued at $353,284,000 after acquiring an additional 18,964 shares during the last quarter. Fiera Capital Corp grew its holdings in shares of Restaurant Brands International by 17.2% during the third quarter. Fiera Capital Corp now owns 4,946,163 shares of the restaurant operator's stock worth $317,191,000 after purchasing an additional 724,540 shares during the last quarter. Geode Capital Management LLC grew its stake in Restaurant Brands International by 112.8% during the 2nd quarter. Geode Capital Management LLC now owns 4,296,050 shares of the restaurant operator's stock worth $286,172,000 after buying an additional 2,277,694 shares during the last quarter. Finally, Baupost Group LLC MA increased its position in Restaurant Brands International by 4.2% during the second quarter. Baupost Group LLC MA now owns 4,049,562 shares of the restaurant operator's stock worth $268,445,000 after buying an additional 163,000 shares during the period. Institutional investors and hedge funds own 82.29% of the company's stock.

Restaurant Brands International Stock Down 0.8%

Shares of NYSE:QSR opened at $73.35 on Tuesday. Restaurant Brands International Inc. has a fifty-two week low of $58.71 and a fifty-two week high of $74.42. The company has a quick ratio of 0.91, a current ratio of 0.98 and a debt-to-equity ratio of 2.62. The firm's 50-day simple moving average is $68.97 and its 200-day simple moving average is $67.87. The company has a market cap of $25.42 billion, a price-to-earnings ratio of 31.08, a PEG ratio of 2.10 and a beta of 0.56.

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

Restaurant Brands International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Thursday, March 19th will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 3.5%. 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%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on QSR shares. Guggenheim increased their price objective on Restaurant Brands International from $79.00 to $80.00 and gave the company a "buy" rating in a report on Friday, February 27th. Barclays lowered their price objective on shares of Restaurant Brands International from $86.00 to $82.00 and set an "overweight" rating on the stock in a research report on Friday, February 13th. BMO Capital Markets reduced 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 report on Friday, February 13th. TD Cowen decreased their target price on shares of Restaurant Brands International from $74.00 to $72.00 and set a "hold" rating for the company in a research note on Thursday, February 12th. Finally, Citigroup lowered their price target on Restaurant Brands International from $74.00 to $72.00 and set a "neutral" rating on the stock in a report on Tuesday, February 3rd. 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's stock. According to MarketBeat, Restaurant Brands International currently has an average rating of "Moderate Buy" and an average target price of $78.95.

Insider Buying and Selling at Restaurant Brands International

In other Restaurant Brands International news, CEO Joshua Kobza sold 25,472 shares of the company's stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $70.91, for a total transaction of $1,806,219.52. Following the transaction, the chief executive officer directly owned 961,282 shares in the company, valued at approximately $68,164,506.62. This represents a 2.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jill Granat sold 11,525 shares of Restaurant Brands International 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 $778,052.75. Following the sale, the insider owned 476,126 shares of the company's stock, valued at approximately $32,143,266.26. The trade was a 2.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 186,401 shares of company stock worth $12,857,069. Company insiders own 1.25% of the company's stock.

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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