Restaurant Brands International Inc. $QSR Stock: Triasima Portfolio Management inc. Increases Stake

Key Points

• Triasima Portfolio Management increased its QSR stake by 177.3% in the third quarter, bringing its holdings to 74,318 shares valued at approximately $5.3 million. Institutional investors collectively own 82.29% of Restaurant Brands International.
• Analysts maintain a generally positive outlook, with 16 Buy ratings and 8 Hold ratings, resulting in a “Moderate Buy” consensus and an average price target of $83.75.
• Restaurant Brands International reported quarterly EPS of $1.07, exceeding estimates, while revenue rose 4.6% year over year to $2.52 billion. The company also pays a quarterly dividend of $0.65 per share, representing a 3.5% yield.

Triasima Portfolio Management inc. lifted its position in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 177.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 74,318 shares of the restaurant operator's stock after purchasing an additional 47,518 shares during the quarter. Triasima Portfolio Management inc.'s holdings in Restaurant Brands International were worth $5,301,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Groupe la Francaise acquired a new position in shares of Restaurant Brands International in the second quarter valued at $27,000. Western Wealth Management LLC bought a new position in Restaurant Brands International in the first quarter worth $28,000. CoreCap Advisors LLC lifted its position in Restaurant Brands International by 304.3% in the second quarter. CoreCap Advisors LLC now owns 465 shares of the restaurant operator's stock worth $34,000 after purchasing an additional 350 shares during the period. Continuum Advisory LLC acquired a new stake in Restaurant Brands International during the second quarter worth $37,000. Finally, Cassaday & Co Wealth Management LLC acquired a new stake in Restaurant Brands International during the first quarter worth $40,000. Institutional investors and hedge funds own 82.29% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Citigroup boosted their price target on shares of Restaurant Brands International from $78.00 to $80.00 and gave the company a "neutral" rating in a report on Tuesday, September 1st. CL King set a $80.00 price objective on shares of Restaurant Brands International in a report on Monday, August 10th. Weiss Ratings raised shares of Restaurant Brands International from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Restaurant Brands International from $86.00 to $85.00 and set a "buy" rating on the stock in a research report on Thursday, July 9th. Finally, Royal Bank Of Canada set a $85.00 target price on shares of Restaurant Brands International and gave the company an "outperform" rating in a research note on Tuesday, July 28th. Sixteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $83.75.

Restaurant Brands International Trading Up 2.3%

Shares of QSR opened at $74.06 on Friday. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 2.49. The stock has a market cap of $25.83 billion, a PE ratio of 18.47, a PEG ratio of 1.95 and a beta of 0.52. Restaurant Brands International Inc. has a 1 year low of $64.52 and a 1 year high of $81.96. The stock has a 50 day simple moving average of $75.04 and a 200-day simple moving average of $75.28.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last announced its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $1.07 EPS for the quarter, beating the consensus estimate of $1.04 by $0.03. Restaurant Brands International had a return on equity of 33.43% and a net margin of 13.12%. The business had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the previous year, the firm earned $0.94 EPS. Restaurant Brands International's quarterly revenue was up 4.6% on a year-over-year basis. On average, sell-side analysts predict that Restaurant Brands International Inc. will post 4.19 EPS for the current fiscal year.

Restaurant Brands International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 18th were issued a dividend of $0.65 per share. The ex-dividend date of this dividend was Friday, September 18th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.5%. Restaurant Brands International's dividend payout ratio (DPR) is presently 69.89%.

Insider Activity

In other news, insider Axel Schwan sold 57,574 shares of the business's stock in a transaction on Friday, September 4th. The shares were sold at an average price of $81.14, for a total value of $4,671,554.36. Following the sale, the insider owned 209,908 shares in the company, valued at approximately $17,031,935.12. The trade was a 21.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.22% of the company's stock.

Restaurant Brands International Profile

Restaurant Brands International Inc NYSE: QSR is a global quick-service restaurant company that owns and operates a portfolio of well-known restaurant brands. Its principal brands are Burger King, Tim Hortons, Popeyes Louisiana Kitchen and Firehouse Subs, which serve customers through company-operated and franchised restaurants.

The company's brands offer a range of products, including hamburgers, chicken sandwiches and meals, coffee and baked goods, fried and Louisiana-style chicken, and specialty subs.

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