Soroban Capital Partners LP Has $12.71 Million Stock Holdings in Restaurant Brands International Inc. $QSR

Soroban Capital Partners LP decreased its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 42.7% in the 1st quarter, HoldingsChannel reports. The firm owned 172,015 shares of the restaurant operator’s stock after selling 127,985 shares during the period. Restaurant Brands International makes up approximately 0.0% of Soroban Capital Partners LP’s holdings, making the stock its 27th largest holding. Soroban Capital Partners LP’s holdings in Restaurant Brands International were worth $12,712,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lloyd Advisory Services LLC. acquired a new position in shares of Restaurant Brands International in the fourth quarter valued at $25,000. Larson Financial Group LLC lifted its stake in shares of Restaurant Brands International by 1,922.2% during the 4th quarter. Larson Financial Group LLC now owns 364 shares of the restaurant operator’s stock worth $25,000 after buying an additional 346 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of Restaurant Brands International during the 4th quarter worth about $29,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of Restaurant Brands International during the 1st quarter worth about $40,000. Finally, UMB Bank n.a. boosted its holdings in shares of Restaurant Brands International by 50.4% during the 4th quarter. UMB Bank n.a. now owns 639 shares of the restaurant operator’s stock worth $44,000 after buying an additional 214 shares during the period. 82.29% of the stock is owned by institutional investors.

Restaurant Brands International Trading Up 2.7%

Shares of Restaurant Brands International stock opened at $74.45 on Tuesday. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.90 and a current ratio of 0.99. The firm has a 50-day moving average of $73.98 and a 200-day moving average of $73.33. Restaurant Brands International Inc. has a 52-week low of $61.33 and a 52-week high of $81.96. The stock has a market cap of $26.00 billion, a PE ratio of 26.22, a PEG ratio of 2.11 and a beta of 0.50.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings results on Wednesday, May 6th. The restaurant operator reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.03. Restaurant Brands International had a net margin of 9.96% and a return on equity of 32.80%. The business had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same period last year, the firm earned $0.75 earnings per share. Restaurant Brands International’s revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Restaurant Brands International Inc. will post 4.04 EPS for the current year.

Restaurant Brands International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Tuesday, June 23rd were given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Tuesday, June 23rd. Restaurant Brands International’s dividend payout ratio is presently 91.55%.

Analyst Ratings Changes

A number of brokerages recently commented on QSR. Guggenheim upped their price target on shares of Restaurant Brands International from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. KeyCorp raised their price objective on shares of Restaurant Brands International from $78.00 to $90.00 and gave the stock an “overweight” rating in a research report on Monday, April 20th. Citigroup reduced their price objective on Restaurant Brands International from $84.00 to $78.00 and set a “neutral” rating for the company in a report on Friday. CL King set a $81.00 target price on Restaurant Brands International in a research report on Thursday, May 7th. Finally, Royal Bank Of Canada lowered their target price on Restaurant Brands International from $90.00 to $85.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 7th. Fifteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.86.

About Restaurant Brands International

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.