Partners Capital Investment Group LLP Buys 69,557 Shares of Restaurant Brands International Inc. $QSR

Partners Capital Investment Group LLP grew its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 91.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 145,787 shares of the restaurant operator’s stock after purchasing an additional 69,557 shares during the period. Partners Capital Investment Group LLP’s holdings in Restaurant Brands International were worth $9,715,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of QSR. Dunhill Financial LLC raised its stake in Restaurant Brands International by 100.0% in the fourth quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator’s stock worth $26,000 after buying an additional 200 shares in the last quarter. HM Payson & Co. purchased a new position in shares of Restaurant Brands International during the 1st quarter worth approximately $26,000. Private Trust Co. NA raised its position in shares of Restaurant Brands International by 96.6% in the 1st quarter. Private Trust Co. NA now owns 519 shares of the restaurant operator’s stock worth $35,000 after acquiring an additional 255 shares in the last quarter. Larson Financial Group LLC raised its position in shares of Restaurant Brands International by 438.6% in the 1st quarter. Larson Financial Group LLC now owns 781 shares of the restaurant operator’s stock worth $52,000 after acquiring an additional 636 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its stake in shares of Restaurant Brands International by 84.5% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 860 shares of the restaurant operator’s stock valued at $57,000 after purchasing an additional 394 shares during the period. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Price Performance

QSR opened at $63.7440 on Thursday. The firm has a market cap of $20.90 billion, a PE ratio of 24.15, a P/E/G ratio of 2.87 and a beta of 0.58. The stock has a 50-day moving average price of $67.31 and a 200-day moving average price of $66.63. Restaurant Brands International Inc. has a 1 year low of $58.71 and a 1 year high of $74.09. The company has a debt-to-equity ratio of 2.69, a current ratio of 1.01 and a quick ratio of 0.95.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings data 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 firm had revenue of $2.41 billion for 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% compared to the same quarter last year. During the same period last year, the company posted $0.86 earnings per share. Sell-side analysts predict that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 7th. Stockholders of record on Tuesday, September 23rd will be issued a dividend of $0.62 per share. The ex-dividend date is Tuesday, September 23rd. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.9%. Restaurant Brands International’s dividend payout ratio is presently 93.94%.

Insider Buying and Selling at Restaurant Brands International

In related news, insider Jacqueline Friesner sold 70,000 shares of the business’s stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $70.08, for a total value of $4,905,600.00. Following the completion of the transaction, the insider directly owned 182,897 shares in the company, valued at $12,817,421.76. The trade was a 27.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.25% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

QSR has been the topic of several recent research reports. Bank of America reduced their price target on Restaurant Brands International from $62.00 to $60.00 and set an “underperform” rating on the stock in a research note on Friday, July 18th. Barclays reduced their target price on shares of Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating on the stock in a research report on Friday, August 8th. Piper Sandler decreased 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 note on Friday, August 8th. CIBC dropped their price objective on shares of Restaurant Brands International from $78.00 to $77.00 and set an “outperformer” rating on the stock in a research note on Friday, May 9th. Finally, Citigroup cut their price objective on shares of Restaurant Brands International from $76.00 to $72.00 and set a “neutral” rating on the stock in a report on Friday, August 8th. Eleven analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target 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.