Rockefeller Capital Management L.P. Lowers Stake in Restaurant Brands International Inc. $QSR

Rockefeller Capital Management L.P. lessened its position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 0.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 219,299 shares of the restaurant operator’s stock after selling 830 shares during the period. Rockefeller Capital Management L.P.’s holdings in Restaurant Brands International were worth $14,537,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Legend Financial Advisors Inc. acquired a new stake in Restaurant Brands International during the second quarter worth approximately $33,000. CX Institutional lifted its stake in shares of Restaurant Brands International by 928.0% during the 2nd quarter. CX Institutional now owns 514 shares of the restaurant operator’s stock worth $34,000 after purchasing an additional 464 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of Restaurant Brands International by 91.2% during the first quarter. Smartleaf Asset Management LLC now owns 545 shares of the restaurant operator’s stock worth $35,000 after purchasing an additional 260 shares during the last quarter. UMB Bank n.a. grew its position in shares of Restaurant Brands International by 49.3% in the second quarter. UMB Bank n.a. now owns 606 shares of the restaurant operator’s stock valued at $40,000 after purchasing an additional 200 shares during the period. Finally, Larson Financial Group LLC grew its position in shares of Restaurant Brands International by 438.6% in the first quarter. Larson Financial Group LLC now owns 781 shares of the restaurant operator’s stock valued at $52,000 after purchasing an additional 636 shares during the period. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Stock Performance

Restaurant Brands International stock opened at $67.40 on Wednesday. The company has a market cap of $22.09 billion, a price-to-earnings ratio of 23.99, a price-to-earnings-growth ratio of 2.06 and a beta of 0.63. Restaurant Brands International Inc. has a 12 month low of $58.71 and a 12 month high of $72.32. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.06 and a quick ratio of 0.98. The stock’s 50-day moving average is $66.50 and its 200-day moving average is $67.06.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results on Thursday, October 30th. The restaurant operator reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.03. Restaurant Brands International had a net margin of 9.95% and a return on equity of 32.43%. The firm had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter in the prior year, the company earned $0.93 EPS. The company’s revenue was up 6.9% on a year-over-year basis. Equities analysts anticipate that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Tuesday, December 23rd will be given a $0.62 dividend. The ex-dividend date of this dividend is Tuesday, December 23rd. This represents a $2.48 annualized dividend and a dividend yield of 3.7%. Restaurant Brands International’s dividend payout ratio is presently 88.26%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on QSR. Piper Sandler reduced their target price on Restaurant Brands International from $72.00 to $70.00 and set a “neutral” rating on the stock in a research report on Friday, August 8th. Guggenheim upped their price objective on shares of Restaurant Brands International from $77.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, August 13th. Argus lowered shares of Restaurant Brands International from a “buy” rating to a “hold” rating in a report on Friday, August 15th. Weiss Ratings reissued a “hold (c+)” rating on shares of Restaurant Brands International in a research report on Wednesday, October 8th. Finally, Morgan Stanley set a $77.00 price target on shares of Restaurant Brands International in a research report on Tuesday, October 21st. Nine investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $74.76.

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.