Restaurant Brands International Inc. $QSR Shares Bought by Northwestern Mutual Wealth Management Co.

Key Points

• Northwestern Mutual Wealth Management Co. increased its holdings in Restaurant Brands International by 16.7%, acquiring an additional 11,676 shares for a total worth of $5,425,000.
• The company recently reported a quarterly dividend of $0.62, with a payout ratio of 93.94% and an annualized yield of 4.0%.
• Restaurant Brands International missed analysts' earnings expectations for the last quarter, reporting $0.94 EPS, below the consensus estimate of $0.97.

Northwestern Mutual Wealth Management Co. boosted its stake in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 16.7% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 81,405 shares of the restaurant operator's stock after purchasing an additional 11,676 shares during the period. Northwestern Mutual Wealth Management Co.'s holdings in Restaurant Brands International were worth $5,425,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Davis Selected Advisers acquired a new stake in shares of Restaurant Brands International during the 1st quarter valued at about $224,744,000. EdgePoint Investment Group Inc. grew its position in shares of Restaurant Brands International by 26.6% during the 4th quarter. EdgePoint Investment Group Inc. now owns 12,819,570 shares of the restaurant operator's stock valued at $834,478,000 after acquiring an additional 2,695,071 shares during the period. Invesco Ltd. grew its position in shares of Restaurant Brands International by 465.8% during the 1st quarter. Invesco Ltd. now owns 2,644,757 shares of the restaurant operator's stock valued at $176,247,000 after acquiring an additional 2,177,302 shares during the period. TD Asset Management Inc grew its position in shares of Restaurant Brands International by 29.4% during the 1st quarter. TD Asset Management Inc now owns 4,631,461 shares of the restaurant operator's stock valued at $308,698,000 after acquiring an additional 1,053,640 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Restaurant Brands International by 7.6% during the 1st quarter. Vanguard Group Inc. now owns 14,169,061 shares of the restaurant operator's stock valued at $944,538,000 after acquiring an additional 1,003,563 shares during the period. 82.29% of the stock is owned by institutional investors and hedge funds.

Restaurant Brands International Price Performance

NYSE:QSR opened at $62.65 on Thursday. Restaurant Brands International Inc. has a 52 week low of $58.71 and a 52 week high of $74.09. The company has a quick ratio of 0.95, a current ratio of 1.01 and a debt-to-equity ratio of 2.69. The company has a market capitalization of $20.54 billion, a P/E ratio of 23.73, a P/E/G ratio of 2.70 and a beta of 0.58. The stock's fifty day moving average is $66.90 and its two-hundred day moving average is $66.63.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last posted its earnings results on Thursday, August 7th. The restaurant operator reported $0.94 EPS for the quarter, missing analysts' consensus estimates of $0.97 by ($0.03). Restaurant Brands International had a net margin of 9.43% and a return on equity of 29.54%. The business had revenue of $2.41 billion during the quarter, compared to analysts' expectations of $2.33 billion. During the same quarter in the prior year, the firm earned $0.86 EPS. Restaurant Brands International's revenue for the quarter was up 15.9% compared to the same quarter last year. Equities analysts expect that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Stockholders of record on Tuesday, September 23rd will be paid a $0.62 dividend. The ex-dividend date of this dividend is Tuesday, September 23rd. This represents a $2.48 dividend on an annualized basis and a dividend yield of 4.0%. Restaurant Brands International's payout ratio is presently 93.94%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Argus cut Restaurant Brands International from a "buy" rating to a "hold" rating in a research report on Friday, August 15th. Melius assumed coverage on Restaurant Brands International in a research report on Monday, July 14th. They set a "buy" rating and a $90.00 target price on the stock. Citigroup dropped their target price on Restaurant Brands International from $76.00 to $72.00 and set a "neutral" rating on the stock in a research report on Friday, August 8th. Guggenheim raised their price target on shares of Restaurant Brands International from $77.00 to $78.00 and gave the company a "buy" rating in a research note on Wednesday, August 13th. Finally, Bank of America lowered their price objective on Restaurant Brands International from $62.00 to $60.00 and set an "underperform" rating on the stock in a report on Friday, July 18th. Eleven investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $75.04.

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.

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