Rockefeller Capital Management L.P. Increases Stock Position in Restaurant Brands International Inc. $QSR

Rockefeller Capital Management L.P. boosted its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 26.9% in the fourth quarter, HoldingsChannel reports. The fund owned 325,904 shares of the restaurant operator’s stock after acquiring an additional 69,030 shares during the period. Rockefeller Capital Management L.P.’s holdings in Restaurant Brands International were worth $22,237,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in QSR. Baupost Group LLC MA raised its position in shares of Restaurant Brands International by 103.8% in the 3rd quarter. Baupost Group LLC MA now owns 8,252,862 shares of the restaurant operator’s stock worth $529,337,000 after purchasing an additional 4,203,300 shares during the last quarter. Platinum Paramount Investment LTD. bought a new position in Restaurant Brands International during the fourth quarter valued at approximately $281,033,000. Norges Bank bought a new position in shares of Restaurant Brands International during the 4th quarter valued at $260,709,000. Capital World Investors boosted its position in Restaurant Brands International by 7.7% in 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 during the last quarter. Finally, State Street Corp boosted its holdings in shares of Restaurant Brands International by 9,477.4% in the second quarter. State Street Corp now owns 2,997,344 shares of the restaurant operator’s stock worth $198,711,000 after buying an additional 2,966,048 shares during the last quarter. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Trading Down 2.0%

Shares of NYSE QSR opened at $71.94 on Tuesday. Restaurant Brands International Inc. has a twelve month low of $61.33 and a twelve month high of $81.96. The business has a fifty day simple moving average of $76.25 and a two-hundred day simple moving average of $72.63. The firm has a market cap of $24.99 billion, a PE ratio of 25.33, a price-to-earnings-growth ratio of 1.90 and a beta of 0.49. The company has a quick ratio of 0.90, a current ratio of 0.99 and a debt-to-equity ratio of 2.55.

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, topping the consensus estimate of $0.83 by $0.03. Restaurant Brands International had a net margin of 9.96% and a return on equity of 32.80%. The company had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same period in the prior year, the business earned $0.75 EPS. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. Analysts expect that Restaurant Brands International Inc. will post 4.07 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Tuesday, June 23rd will be paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Tuesday, June 23rd. Restaurant Brands International’s dividend payout ratio is 91.55%.

Analyst Ratings Changes

Several research firms recently weighed in on QSR. Morgan Stanley lifted their target price on Restaurant Brands International from $77.00 to $78.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 3rd. Guggenheim raised their target price on shares of Restaurant Brands International from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Scotiabank lifted 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. Scotia boosted their target price on shares of Restaurant Brands International from $81.00 to $83.00 and gave the stock a “sector perform” rating in a report on Thursday, May 7th. Finally, TD Cowen boosted their target price on Restaurant Brands International from $76.00 to $79.00 and gave the company a “hold” rating in a research report on Wednesday, May 6th. Seventeen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Restaurant Brands International currently has a consensus rating of “Moderate Buy” and an average target price of $83.54.

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.