Epoch Investment Partners Inc. Trims Position in Restaurant Brands International Inc. $QSR

Epoch Investment Partners Inc. trimmed its position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 1.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 833,338 shares of the restaurant operator’s stock after selling 13,625 shares during the period. Epoch Investment Partners Inc. owned about 0.24% of Restaurant Brands International worth $61,584,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Geode Capital Management LLC increased its holdings in Restaurant Brands International by 6.0% during the fourth quarter. Geode Capital Management LLC now owns 5,216,985 shares of the restaurant operator’s stock valued at $365,279,000 after buying an additional 295,935 shares during the last quarter. Fiera Capital Corp boosted its stake in shares of Restaurant Brands International by 38.2% during the 4th quarter. Fiera Capital Corp now owns 6,835,522 shares of the restaurant operator’s stock worth $466,595,000 after acquiring an additional 1,889,359 shares during the last quarter. UBS Group AG grew its position in shares of Restaurant Brands International by 37.0% during the 4th quarter. UBS Group AG now owns 1,408,839 shares of the restaurant operator’s stock valued at $96,125,000 after acquiring an additional 380,635 shares during the period. Hillsdale Investment Management Inc. grew its position in shares of Restaurant Brands International by 851.5% during the 4th quarter. Hillsdale Investment Management Inc. now owns 376,147 shares of the restaurant operator’s stock valued at $25,713,000 after acquiring an additional 336,615 shares during the period. Finally, Norges Bank purchased a new stake in shares of Restaurant Brands International in the 4th quarter worth $260,709,000. 82.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on QSR. KeyCorp raised their target price on Restaurant Brands International from $78.00 to $90.00 and gave the stock an “overweight” rating in a report on Monday, April 20th. Guggenheim upped their price target on Restaurant Brands International from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Scotia raised their price objective on Restaurant Brands International from $81.00 to $83.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 7th. Weiss Ratings raised Restaurant Brands International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, July 8th. Finally, Wells Fargo & Company boosted their price objective on Restaurant Brands International from $75.00 to $80.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. Fifteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $83.86.

Restaurant Brands International Stock Performance

NYSE QSR opened at $72.52 on Friday. The firm has a market cap of $25.32 billion, a price-to-earnings ratio of 25.53, a price-to-earnings-growth ratio of 2.11 and a beta of 0.50. The company has a quick ratio of 0.90, a current ratio of 0.99 and a debt-to-equity ratio of 2.55. The business has a 50-day moving average price of $74.00 and a 200-day moving average price of $73.24. Restaurant Brands International Inc. has a twelve month low of $61.33 and a twelve month high of $81.96.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Wednesday, May 6th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.03. Restaurant Brands International had a return on equity of 32.80% and a net margin of 9.96%.The company had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter last year, the company earned $0.75 EPS. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. As a group, equities research analysts predict that Restaurant Brands International Inc. will post 4.04 EPS for the current fiscal year.

Restaurant Brands International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Tuesday, June 23rd were given a dividend of $0.65 per share. The ex-dividend date was Tuesday, June 23rd. This represents a $2.60 annualized dividend and a dividend yield of 3.6%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 91.55%.

About Restaurant Brands International

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.