Louisbourg Investments Inc. Decreases Position in Restaurant Brands International Inc. $QSR

Louisbourg Investments Inc. trimmed its position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 23.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 60,059 shares of the restaurant operator’s stock after selling 18,038 shares during the period. Louisbourg Investments Inc.’s holdings in Restaurant Brands International were worth $4,435,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of QSR. Baupost Group LLC MA raised its holdings in shares of Restaurant Brands International by 103.8% during the third quarter. Baupost Group LLC MA now owns 8,252,862 shares of the restaurant operator’s stock valued at $529,337,000 after acquiring an additional 4,203,300 shares during the last quarter. Platinum Paramount Investment LTD. acquired a new stake in shares of Restaurant Brands International in the fourth quarter worth approximately $281,033,000. Norges Bank acquired a new stake in shares of Restaurant Brands International in the fourth quarter worth approximately $260,709,000. Capital World Investors increased its position in shares of Restaurant Brands International by 7.7% during the fourth quarter. Capital World Investors now owns 43,525,570 shares of the restaurant operator’s stock worth $2,969,819,000 after purchasing an additional 3,095,167 shares in the last quarter. Finally, State Street Corp increased its position in shares of Restaurant Brands International by 9,477.4% during the second quarter. State Street Corp now owns 2,997,344 shares of the restaurant operator’s stock worth $198,711,000 after purchasing an additional 2,966,048 shares in the last quarter. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

Restaurant Brands International Trading Up 1.5%

NYSE:QSR opened at $74.36 on Friday. Restaurant Brands International Inc. has a 12-month low of $61.33 and a 12-month high of $81.96. The firm has a market cap of $25.83 billion, a PE ratio of 26.18, a price-to-earnings-growth ratio of 1.93 and a beta of 0.49. The company has a current ratio of 0.99, a quick ratio of 0.90 and a debt-to-equity ratio of 2.55. The stock has a fifty day moving average price of $75.86 and a 200 day moving average price of $72.64.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings results on Wednesday, May 6th. The restaurant operator reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.03. The company had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.24 billion. Restaurant Brands International had a return on equity of 32.80% and a net margin of 9.96%.Restaurant Brands International’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.75 EPS. Sell-side analysts anticipate that Restaurant Brands International Inc. will post 4.07 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Tuesday, June 23rd will be issued a $0.65 dividend. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a $2.60 annualized dividend and a yield of 3.5%. Restaurant Brands International’s dividend payout ratio (DPR) is 91.55%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Guggenheim raised their price objective on Restaurant Brands International from $80.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $86.00 target price on shares of Restaurant Brands International in a report on Thursday, May 7th. JPMorgan Chase & Co. increased their target price on shares of Restaurant Brands International from $77.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Oppenheimer raised their price target on shares of Restaurant Brands International from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 18th. Finally, Morgan Stanley boosted their price target on shares of Restaurant Brands International from $77.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 3rd. Fifteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $83.54.

Restaurant Brands International Company Profile

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.