Capital International Inc. CA Buys 4,046 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Capital International Inc. CA raised its position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 3.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 115,078 shares of the restaurant operator’s stock after purchasing an additional 4,046 shares during the quarter. Capital International Inc. CA’s holdings in Restaurant Brands International were worth $9,143,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Mather Group LLC. purchased a new position in shares of Restaurant Brands International in the first quarter valued at about $25,000. Oakworth Capital Inc. purchased a new position in Restaurant Brands International during the fourth quarter valued at $30,000. Montag A & Associates Inc. bought a new position in shares of Restaurant Brands International during the 4th quarter valued at about $30,000. Fifth Third Bancorp boosted its stake in Restaurant Brands International by 209.0% during the fourth quarter. Fifth Third Bancorp now owns 411 shares of the restaurant operator’s stock valued at $32,000 after buying an additional 278 shares during the last quarter. Finally, Crewe Advisors LLC bought a new stake in Restaurant Brands International in the 1st quarter worth approximately $48,000. 82.29% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Joshua Kobza sold 246,196 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $75.17, for a total transaction of $18,506,553.32. Following the sale, the chief executive officer now directly owns 595,764 shares in the company, valued at approximately $44,783,579.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Ali Hedayat sold 8,537 shares of Restaurant Brands International stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $74.75, for a total value of $638,140.75. Following the sale, the director now owns 22,881 shares in the company, valued at $1,710,354.75. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Joshua Kobza sold 246,196 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $75.17, for a total transaction of $18,506,553.32. Following the transaction, the chief executive officer now owns 595,764 shares of the company’s stock, valued at approximately $44,783,579.88. The disclosure for this sale can be found here. 1.36% of the stock is currently owned by insiders.

Restaurant Brands International Stock Down 0.9 %

Shares of NYSE QSR traded down $0.59 during trading hours on Friday, hitting $67.98. 1,535,064 shares of the stock were exchanged, compared to its average volume of 1,593,447. Restaurant Brands International Inc. has a 12 month low of $61.77 and a 12 month high of $83.29. The firm has a fifty day moving average price of $69.70 and a 200-day moving average price of $74.04. The company has a quick ratio of 1.00, a current ratio of 1.08 and a debt-to-equity ratio of 2.72. The company has a market cap of $21.54 billion, a PE ratio of 17.52, a PEG ratio of 2.06 and a beta of 0.92.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings results on Tuesday, April 30th. The restaurant operator reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. The business had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.70 billion. Restaurant Brands International had a return on equity of 31.12% and a net margin of 17.17%. The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.75 earnings per share. On average, sell-side analysts expect that Restaurant Brands International Inc. will post 3.37 EPS for the current year.

Restaurant Brands International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Friday, June 21st were issued a $0.58 dividend. The ex-dividend date of this dividend was Friday, June 21st. This represents a $2.32 annualized dividend and a yield of 3.41%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 59.79%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on QSR shares. TD Cowen restated a “buy” rating and issued a $88.00 target price on shares of Restaurant Brands International in a report on Thursday, June 13th. Barclays raised their price objective on Restaurant Brands International from $87.00 to $89.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Citigroup boosted their target price on Restaurant Brands International from $78.00 to $79.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Genuity Capital Markets decreased their price target on Restaurant Brands International from $74.00 to $73.00 and set a “neutral” rating on the stock in a report on Thursday, May 30th. Finally, KeyCorp dropped their price objective on shares of Restaurant Brands International from $85.00 to $80.00 and set an “overweight” rating for the company in a research note on Thursday, June 27th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $83.46.

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.