Russell Investments Group Ltd. Cuts Stock Position in Restaurant Brands International Inc. $QSR

Key Points

• Russell Investments Group Ltd. cut its stake in Restaurant Brands International Inc. (NYSE:QSR) by 22.9% during Q1, selling 23,909 shares to hold 80,506 shares valued at approximately $5.32 million.
• Other institutional investors like Vanguard Group and TD Asset Management increased their stakes by 7.6% and 29.4% respectively, leading to hedge funds owning 82.29% of the stock.
• Analyst ratings are mixed, with a consensus rating of "Hold" and target prices ranging from $72.00 to $85.00, following the company's recent earnings miss for EPS estimates.

Russell Investments Group Ltd. cut its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 22.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,506 shares of the restaurant operator's stock after selling 23,909 shares during the period. Russell Investments Group Ltd.'s holdings in Restaurant Brands International were worth $5,321,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Restaurant Brands International by 7.6% during the first quarter. Vanguard Group Inc. now owns 14,169,061 shares of the restaurant operator's stock worth $944,538,000 after purchasing an additional 1,003,563 shares during the period. EdgePoint Investment Group Inc. increased its stake in Restaurant Brands International by 26.6% during the fourth quarter. EdgePoint Investment Group Inc. now owns 12,819,570 shares of the restaurant operator's stock worth $834,478,000 after purchasing an additional 2,695,071 shares during the period. Goldman Sachs Group Inc. increased its stake in Restaurant Brands International by 0.6% during the first quarter. Goldman Sachs Group Inc. now owns 8,108,527 shares of the restaurant operator's stock worth $540,352,000 after purchasing an additional 47,192 shares during the period. Mackenzie Financial Corp increased its stake in Restaurant Brands International by 17.1% during the first quarter. Mackenzie Financial Corp now owns 4,912,807 shares of the restaurant operator's stock worth $327,486,000 after purchasing an additional 717,867 shares during the period. Finally, TD Asset Management Inc increased its stake in Restaurant Brands International by 29.4% during the first quarter. TD Asset Management Inc now owns 4,631,461 shares of the restaurant operator's stock worth $308,698,000 after purchasing an additional 1,053,640 shares during the period. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on QSR shares. Argus lowered shares of Restaurant Brands International from a "buy" rating to a "hold" rating in a research note on Friday, August 15th. Loop Capital restated a "buy" rating on shares of Restaurant Brands International in a research note on Thursday, June 26th. UBS Group cut their target price on shares of Restaurant Brands International from $90.00 to $85.00 and set a "buy" rating on the stock in a research note on Monday, May 5th. Citigroup cut their target price on shares of Restaurant Brands International from $76.00 to $72.00 and set a "neutral" rating on the stock in a research note on Friday, August 8th. Finally, Royal Bank Of Canada cut their target price on shares of Restaurant Brands International from $80.00 to $77.00 and set an "outperform" rating on the stock in a research note on Friday, August 8th. Eleven analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Restaurant Brands International has a consensus rating of "Hold" and a consensus target price of $75.04.

Restaurant Brands International Stock Performance

Shares of Restaurant Brands International stock opened at $63.7660 on Friday. The firm has a market capitalization of $20.90 billion, a P/E ratio of 24.15, a P/E/G ratio of 2.75 and a beta of 0.58. 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 firm's 50 day moving average is $67.22 and its two-hundred day moving average is $66.64.

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

Restaurant Brands International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Tuesday, September 23rd will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 3.9%. The ex-dividend date is Tuesday, September 23rd. Restaurant Brands International's dividend payout ratio 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.

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