Restaurant Brands International Inc. $QSR Shares Sold by Capula Management Ltd

Key Points

• Capula Management Ltd trimmed its stake in Restaurant Brands International (NYSE: QSR) by 21.8% in Q3, selling 27,108 shares and leaving 97,431 shares valued at about $6.25 million.
• RBI raised its quarterly dividend to $0.65 (annualized $2.60), implying a ~3.6% yield with an ex-dividend/record timeline in March and a payout ratio of ~105%.
• QSR topped estimates with $0.96 EPS vs. $0.93 and $2.47B revenue (up 7.4% YoY); analysts have a "Moderate Buy" consensus with an average target of $78.95.

Capula Management Ltd trimmed its holdings in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 21.8% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 97,431 shares of the restaurant operator's stock after selling 27,108 shares during the period. Capula Management Ltd's holdings in Restaurant Brands International were worth $6,249,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Alliancebernstein L.P. increased its position in Restaurant Brands International by 5.8% in the 3rd quarter. Alliancebernstein L.P. now owns 145,783 shares of the restaurant operator's stock valued at $9,351,000 after acquiring an additional 7,989 shares during the period. Creative Planning lifted its position in Restaurant Brands International by 1.0% during the 3rd quarter. Creative Planning now owns 57,470 shares of the restaurant operator's stock worth $3,686,000 after acquiring an additional 591 shares during the period. SummitTX Capital L.P. acquired a new stake in Restaurant Brands International during the 3rd quarter worth approximately $1,240,000. Credit Agricole S A purchased a new position in shares of Restaurant Brands International in the 3rd quarter valued at approximately $283,000. Finally, Raymond James Financial Inc. grew its stake in shares of Restaurant Brands International by 8.9% in the 3rd quarter. Raymond James Financial Inc. now owns 629,953 shares of the restaurant operator's stock valued at $40,405,000 after purchasing an additional 51,608 shares during the last quarter. Institutional investors and hedge funds own 82.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on QSR shares. Barclays cut their price target on Restaurant Brands International from $86.00 to $82.00 and set an "overweight" rating for the company in a research note on Friday, February 13th. Oppenheimer reiterated an "outperform" rating and issued a $80.00 price objective on shares of Restaurant Brands International in a research report on Tuesday, November 25th. Truist Financial boosted 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. BMO Capital Markets cut their price objective 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. Finally, Stifel Nicolaus upgraded shares of Restaurant Brands International from a "hold" rating to a "buy" rating and raised their target price for the stock from $68.00 to $90.00 in a research note on Monday, March 2nd. Fourteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $78.95.

Restaurant Brands International Stock Up 0.8%

QSR opened at $72.65 on Friday. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.98 and a quick ratio of 0.91. Restaurant Brands International Inc. has a 12 month low of $58.71 and a 12 month high of $74.42. The stock has a market capitalization of $25.17 billion, a P/E ratio of 30.78, a P/E/G ratio of 2.06 and a beta of 0.56. The business has a 50 day simple moving average of $69.29 and a 200-day simple moving average of $68.10.

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 earnings per share for the quarter, topping analysts' consensus estimates of $0.93 by $0.03. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.41 billion. Restaurant Brands International had a return on equity of 32.51% and a net margin of 8.23%.Restaurant Brands International's quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.81 earnings per share. On average, equities analysts anticipate that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Thursday, March 19th will be paid a dividend of $0.65 per share. This is a boost from Restaurant Brands International's previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Thursday, March 19th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.6%. Restaurant Brands International's dividend payout ratio is currently 105.08%.

Insider Buying and Selling at Restaurant Brands International

In other news, insider Jill Granat sold 11,525 shares of the stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $67.51, for a total value of $778,052.75. Following the completion of the transaction, the insider owned 476,126 shares in the company, valued at $32,143,266.26. This trade represents a 2.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Joshua Kobza sold 25,472 shares of the firm'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 completion of the sale, the chief executive officer owned 961,282 shares of the company's stock, valued at $68,164,506.62. This trade represents a 2.58% decrease in their position. 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.

About Restaurant Brands International

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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