Restaurant Brands International Inc. $QSR Shares Newly Acquired by RWC Asset Management LLP

RWC Asset Management LLP acquired a new stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 634,045 shares of the restaurant operator’s stock, valued at approximately $45,068,000. Restaurant Brands International comprises approximately 1.7% of RWC Asset Management LLP’s investment portfolio, making the stock its 15th biggest position.

A number of other hedge funds and other institutional investors have also modified their holdings of QSR. Allworth Financial LP raised its holdings in Restaurant Brands International by 6.4% during the second quarter. Allworth Financial LP now owns 2,260 shares of the restaurant operator’s stock worth $164,000 after acquiring an additional 136 shares in the last quarter. Syon Capital LLC boosted its position in Restaurant Brands International by 2.4% during the second quarter. Syon Capital LLC now owns 6,137 shares of the restaurant operator’s stock valued at $445,000 after purchasing an additional 146 shares during the last quarter. Private Advisor Group LLC boosted its position in Restaurant Brands International by 4.1% during the first quarter. Private Advisor Group LLC now owns 4,354 shares of the restaurant operator’s stock valued at $322,000 after purchasing an additional 170 shares during the last quarter. Versant Capital Management Inc grew its stake in Restaurant Brands International by 6.3% in the second quarter. Versant Capital Management Inc now owns 3,478 shares of the restaurant operator’s stock valued at $252,000 after purchasing an additional 207 shares in the last quarter. Finally, Nichols & Pratt Advisers LLP MA grew its stake in Restaurant Brands International by 0.4% in the second quarter. Nichols & Pratt Advisers LLP MA now owns 54,969 shares of the restaurant operator’s stock valued at $3,986,000 after purchasing an additional 215 shares in the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

Insider Activity at Restaurant Brands International

In other news, insider Axel Schwan sold 57,574 shares of Restaurant Brands International stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $81.14, for a total transaction of $4,671,554.36. Following the completion of the transaction, the insider directly 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 legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on QSR shares. CL King set a $80.00 price target on Restaurant Brands International in a research report on Monday, August 10th. Citigroup cut their price objective on Restaurant Brands International from $80.00 to $79.00 and set a “neutral” rating for the company in a report on Tuesday. Scotia cut their price objective on Restaurant Brands International from $83.00 to $81.00 and set a “sector perform” rating for the company in a report on Friday, August 7th. Seaport Research Partners assumed coverage on shares of Restaurant Brands International in a research note on Wednesday, September 16th. They issued a “buy” rating and a $88.00 target price for the company. Finally, JPMorgan Chase & Co. lowered their target price on shares of Restaurant Brands International from $82.00 to $78.00 and set an “overweight” rating on the stock in a report on Tuesday, September 29th. Sixteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $83.52.

Restaurant Brands International Stock Performance

NYSE:QSR traded down $1.02 during mid-day trading on Friday, hitting $75.39. The stock had a trading volume of 2,081,683 shares, compared to its average volume of 2,697,702. Restaurant Brands International Inc. has a twelve month low of $64.52 and a twelve month high of $81.96. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.92 and a current ratio of 1.01. The stock has a market cap of $26.29 billion, a price-to-earnings ratio of 20.27, a PEG ratio of 2.14 and a beta of 0.52. The company’s 50 day simple moving average is $75.07 and its 200 day simple moving average is $75.27.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.03. The firm had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.52 billion. Restaurant Brands International had a return on equity of 33.43% and a net margin of 13.12%. The business’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.94 earnings per share. On average, equities research analysts forecast that Restaurant Brands International Inc. will post 4.04 earnings per share for the current year.

Restaurant Brands International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 18th were given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, September 18th. Restaurant Brands International’s dividend payout ratio (DPR) is presently 69.89%.

Restaurant Brands International Company Profile

Restaurant Brands International Inc (NYSE:QSR) is a global quick-service restaurant company that owns and operates a portfolio of restaurant brands, primarily through franchised and licensed locations. Its brands include Tim Hortons, Burger King, Popeyes and Firehouse Subs, which serve coffee, baked goods, burgers, chicken, sandwiches and other prepared foods.

The company was formed in 2014 through the merger of Burger King Worldwide and Tim Hortons. RBI expanded its portfolio through the acquisition of Popeyes Louisiana Kitchen in 2017 and Firehouse Restaurant Group in 2021.