Perbak Capital Partners LLP Sells 22,071 Shares of Restaurant Brands International Inc. $QSR

Key Points

• Perbak Capital Partners LLP significantly reduced its holdings in Restaurant Brands International by 85.7%, selling 22,071 shares and retaining only 3,687 shares worth $246,000.
• Institutional investors collectively hold 82.29% of Restaurant Brands International's stock, with several firms increasing their stakes in the 1st quarter.
• The company's quarterly earnings missed analyst expectations, reporting $0.94 EPS against a consensus estimate of $0.97, despite a revenue increase of 15.9% year-over-year to $2.41 billion.

Perbak Capital Partners LLP lowered its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 85.7% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,687 shares of the restaurant operator's stock after selling 22,071 shares during the period. Perbak Capital Partners LLP's holdings in Restaurant Brands International were worth $246,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Royal Bank of Canada raised its holdings in shares of Restaurant Brands International by 16.7% during the 1st quarter. Royal Bank of Canada now owns 22,626,635 shares of the restaurant operator's stock worth $1,507,839,000 after buying an additional 3,230,735 shares in the last quarter. Vanguard Group Inc. raised its holdings 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 worth $944,538,000 after buying an additional 1,003,563 shares in the last quarter. EdgePoint Investment Group Inc. raised its holdings 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 worth $834,478,000 after buying an additional 2,695,071 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Restaurant Brands International by 0.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,108,527 shares of the restaurant operator's stock worth $540,352,000 after buying an additional 47,192 shares in the last quarter. Finally, 1832 Asset Management L.P. raised its holdings in shares of Restaurant Brands International by 4.3% during the 1st quarter. 1832 Asset Management L.P. now owns 6,959,757 shares of the restaurant operator's stock worth $463,798,000 after buying an additional 289,233 shares in the last quarter. Institutional investors and hedge funds own 82.29% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on QSR shares. Royal Bank Of Canada lowered their price target on Restaurant Brands International from $80.00 to $77.00 and set an "outperform" rating for the company in a report on Friday, August 8th. Sanford C. Bernstein set a $78.00 target price on Restaurant Brands International in a report on Friday, August 8th. Loop Capital reaffirmed a "buy" rating on shares of Restaurant Brands International in a report on Thursday, June 26th. Morgan Stanley lowered their target price on Restaurant Brands International from $73.00 to $72.00 and set an "equal weight" rating for the company in a report on Monday, July 14th. Finally, Guggenheim upped their target price on Restaurant Brands International from $77.00 to $78.00 and gave the stock a "buy" rating in a report on Wednesday, August 13th. Eleven investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $75.04.

Restaurant Brands International Trading Up 1.5%

Shares of QSR stock traded up $0.95 on Friday, hitting $63.05. The company had a trading volume of 2,681,483 shares, compared to its average volume of 2,244,757. The firm has a market cap of $20.67 billion, a P/E ratio of 23.88, a P/E/G ratio of 2.72 and a beta of 0.61. The stock's 50-day moving average is $66.51 and its two-hundred day moving average is $66.52. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.95 and a current ratio of 1.01. Restaurant Brands International Inc. has a twelve month low of $58.71 and a twelve month high of $74.09.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last issued its quarterly earnings results on Thursday, August 7th. The restaurant operator reported $0.94 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.33 billion. During the same period in the previous year, the company posted $0.86 EPS. The company's quarterly revenue was up 15.9% on a year-over-year basis. On average, equities research analysts anticipate that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Tuesday, September 23rd will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Tuesday, September 23rd. This represents a $2.48 annualized dividend and a yield of 3.9%. Restaurant Brands International's dividend payout ratio (DPR) is currently 93.94%.

About Restaurant Brands International

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.