Vanguard Group Inc. Grows Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Key Points

• Vanguard Group Inc. increased its stake in Restaurant Brands International Inc. by 7.6%, holding approximately 4.32% of the company, translating to about $944.54 million in value.
• Institutional ownership of Restaurant Brands International is high, with institutional investors and hedge funds collectively owning 82.29% of the company's stock.
• The company reported a net margin of 9.43% and total revenue of $2.41 billion for the most recent quarter, indicating a year-over-year revenue growth of 15.9%.

Vanguard Group Inc. boosted its holdings in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 7.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,169,061 shares of the restaurant operator's stock after buying an additional 1,003,563 shares during the quarter. Vanguard Group Inc. owned 4.32% of Restaurant Brands International worth $944,538,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of QSR. Goldman Sachs Group Inc. increased its position 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 valued at $540,352,000 after purchasing an additional 47,192 shares during the last quarter. Thoroughbred Financial Services LLC purchased a new stake in shares of Restaurant Brands International during the 1st quarter valued at about $339,000. JCP Investment Management LLC increased its position in shares of Restaurant Brands International by 41.2% during the 1st quarter. JCP Investment Management LLC now owns 239,883 shares of the restaurant operator's stock valued at $16,034,000 after purchasing an additional 70,000 shares during the last quarter. Bank of Nova Scotia Trust Co. increased its position in shares of Restaurant Brands International by 4.7% during the 1st quarter. Bank of Nova Scotia Trust Co. now owns 290,271 shares of the restaurant operator's stock valued at $19,344,000 after purchasing an additional 13,138 shares during the last quarter. Finally, Bank of Nova Scotia increased its position in shares of Restaurant Brands International by 37.0% during the 1st quarter. Bank of Nova Scotia now owns 1,668,748 shares of the restaurant operator's stock valued at $111,258,000 after purchasing an additional 450,364 shares during the last quarter. Hedge funds and other institutional investors own 82.29% of the company's stock.

Restaurant Brands International Trading Up 1.1%

NYSE:QSR traded up $0.69 during midday trading on Wednesday, hitting $65.50. 1,998,932 shares of the company traded hands, compared to its average volume of 2,140,968. The firm's fifty day moving average is $67.76 and its 200-day moving average is $66.52. Restaurant Brands International Inc. has a 12-month low of $58.71 and a 12-month high of $74.09. The firm has a market capitalization of $21.47 billion, a P/E ratio of 24.81, a P/E/G ratio of 2.79 and a beta of 0.58. The company has a current ratio of 1.01, a quick ratio of 0.95 and a debt-to-equity ratio of 2.69.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last released 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 for the quarter, compared to analysts' expectations of $2.33 billion. During the same quarter in the previous year, the company posted $0.86 EPS. The business's quarterly revenue was up 15.9% on a year-over-year basis. On average, sell-side analysts predict that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Tuesday, September 23rd will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 3.8%. The ex-dividend date is Tuesday, September 23rd. Restaurant Brands International's dividend payout ratio is presently 93.94%.

Insiders Place Their Bets

In related news, insider Jacqueline Friesner sold 70,000 shares of the stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $70.08, for a total transaction of $4,905,600.00. Following the sale, the insider owned 182,897 shares in the company, valued at approximately $12,817,421.76. This represents a 27.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.25% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on QSR. Wells Fargo & Company reduced their price target on shares of Restaurant Brands International from $69.00 to $66.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Piper Sandler reduced their price target on shares of Restaurant Brands International from $72.00 to $70.00 and set a "neutral" rating for the company in a research report on Friday, August 8th. Melius began coverage on shares of Restaurant Brands International in a research report on Monday, July 14th. They set a "buy" rating and a $90.00 price target for the company. Sanford C. Bernstein set a $78.00 price objective on Restaurant Brands International in a research note on Friday, August 8th. Finally, Citigroup cut their price objective on Restaurant Brands International from $76.00 to $72.00 and set a "neutral" rating for the company in a research note on Friday, August 8th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, Restaurant Brands International currently has an average 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.