Capricorn Fund Managers Ltd Acquires New Position in Restaurant Brands International Inc. (NYSE:QSR)

Capricorn Fund Managers Ltd acquired a new stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 81,219 shares of the restaurant operator’s stock, valued at approximately $5,412,000. Restaurant Brands International makes up about 2.9% of Capricorn Fund Managers Ltd’s holdings, making the stock its 13th largest holding.

Other large investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its holdings in shares of Restaurant Brands International by 55.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 70,857 shares of the restaurant operator’s stock valued at $4,759,000 after buying an additional 25,292 shares in the last quarter. Baupost Group LLC MA increased its stake in Restaurant Brands International by 10,155.5% in the 4th quarter. Baupost Group LLC MA now owns 2,901,700 shares of the restaurant operator’s stock worth $189,133,000 after purchasing an additional 2,873,406 shares during the period. Private Trust Co. NA increased its stake in 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 purchasing an additional 255 shares during the period. Canoe Financial LP increased its stake in Restaurant Brands International by 14.4% in the 1st quarter. Canoe Financial LP now owns 2,307,351 shares of the restaurant operator’s stock worth $153,834,000 after purchasing an additional 291,269 shares during the period. Finally, Janney Montgomery Scott LLC increased its stake in Restaurant Brands International by 8.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 5,889 shares of the restaurant operator’s stock worth $392,000 after purchasing an additional 470 shares during the period. 82.29% of the stock is owned by hedge funds and other institutional investors.

Restaurant Brands International Trading Down 0.7%

NYSE QSR opened at $69.09 on Tuesday. The company has a quick ratio of 0.90, a current ratio of 0.96 and a debt-to-equity ratio of 2.84. Restaurant Brands International Inc. has a twelve month low of $58.71 and a twelve month high of $74.09. The firm has a market capitalization of $22.64 billion, a PE ratio of 23.42, a P/E/G ratio of 2.17 and a beta of 0.58. The stock’s 50 day moving average is $68.68 and its 200 day moving average is $66.08.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings results on Thursday, May 8th. The restaurant operator reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.03). Restaurant Brands International had a net margin of 10.82% and a return on equity of 28.94%. The firm had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the prior year, the firm earned $0.73 earnings per share. The company’s revenue for the quarter was up 21.3% compared to the same quarter last year. Research analysts forecast that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 8th. Investors of record on Tuesday, June 24th were given a dividend of $0.62 per share. The ex-dividend date was Tuesday, June 24th. This represents a $2.48 annualized dividend and a dividend yield of 3.59%. Restaurant Brands International’s dividend payout ratio is presently 84.07%.

Insider Buying and Selling at Restaurant Brands International

In other Restaurant Brands International news, insider Jacqueline Friesner sold 70,000 shares of the business’s stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $70.08, for a total value of $4,905,600.00. Following the sale, the insider directly owned 182,897 shares of the company’s stock, valued at approximately $12,817,421.76. The trade was a 27.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.36% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Bank of America decreased 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. Loop Capital reaffirmed a “buy” rating on shares of Restaurant Brands International in a research note on Thursday, June 26th. Wells Fargo & Company decreased their price target on Restaurant Brands International from $69.00 to $66.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 22nd. Melius assumed coverage on Restaurant Brands International in a research note on Monday, July 14th. They issued a “buy” rating and a $90.00 price target on the stock. Finally, Guggenheim lifted their price target on Restaurant Brands International from $71.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $76.09.

Restaurant Brands International Company 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.