RWC Asset Management LLP Buys New Holdings in Restaurant Brands International Inc. $QSR

RWC Asset Management LLP bought a new position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 634,045 shares of the restaurant operator’s stock, valued at approximately $45,068,000. Restaurant Brands International accounts for 1.7% of RWC Asset Management LLP’s investment portfolio, making the stock its 15th largest holding. RWC Asset Management LLP owned about 0.18% of Restaurant Brands International at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Allworth Financial LP increased its position in shares of Restaurant Brands International by 6.4% in the 2nd quarter. Allworth Financial LP now owns 2,260 shares of the restaurant operator’s stock valued at $164,000 after buying an additional 136 shares in the last quarter. Syon Capital LLC raised its stake in Restaurant Brands International by 2.4% during the 2nd quarter. Syon Capital LLC now owns 6,137 shares of the restaurant operator’s stock worth $445,000 after buying an additional 146 shares during the period. Private Advisor Group LLC lifted its holdings in Restaurant Brands International by 4.1% during the first quarter. Private Advisor Group LLC now owns 4,354 shares of the restaurant operator’s stock worth $322,000 after acquiring an additional 170 shares in the last quarter. Versant Capital Management Inc grew its stake in Restaurant Brands International by 6.3% in the second quarter. Versant Capital Management Inc now owns 3,478 shares of the restaurant operator’s stock valued at $252,000 after acquiring an additional 207 shares during the period. Finally, Nichols & Pratt Advisers LLP MA grew its stake in Restaurant Brands International by 0.4% in the second quarter. Nichols & Pratt Advisers LLP MA now owns 54,969 shares of the restaurant operator’s stock valued at $3,986,000 after acquiring an additional 215 shares during the period. 82.29% of the stock is owned by institutional investors.

Insider Buying and Selling at Restaurant Brands International

In other news, insider Axel Schwan sold 57,574 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $81.14, for a total transaction of $4,671,554.36. Following the completion of the transaction, the insider directly owned 209,908 shares of the company’s stock, valued at $17,031,935.12. This trade represents a 21.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.22% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Mizuho initiated coverage on Restaurant Brands International in a research report on Tuesday. They set an “outperform” rating and a $85.00 price target on the stock. Scotiabank decreased their price objective on Restaurant Brands International from $83.00 to $81.00 and set a “sector perform” rating for the company in a research report on Friday, August 7th. Guggenheim increased their target price on Restaurant Brands International from $85.00 to $86.00 and gave the stock a “buy” rating in a research note on Friday, September 18th. Citigroup dropped their target price on shares of Restaurant Brands International from $80.00 to $79.00 and set a “neutral” rating on the stock in a report on Tuesday. Finally, Seaport Research Partners started coverage on shares of Restaurant Brands International in a research note on Wednesday, September 16th. They issued a “buy” rating and a $88.00 price target on the stock. Sixteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, Restaurant Brands International currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.52.

Restaurant Brands International Stock Down 1.3%

Shares of QSR traded down $1.02 during midday trading on Friday, hitting $75.39. The stock had a trading volume of 2,081,683 shares, compared to its average volume of 2,697,702. The firm has a market cap of $26.29 billion, a price-to-earnings ratio of 20.27, a price-to-earnings-growth ratio of 2.14 and a beta of 0.52. The company has a 50 day simple moving average of $75.07 and a two-hundred day simple moving average of $75.27. Restaurant Brands International Inc. has a twelve month low of $64.52 and a twelve month high of $81.96. The company has a debt-to-equity ratio of 2.49, a current ratio of 1.01 and a quick ratio of 0.92.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.03. The company had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Restaurant Brands International had a return on equity of 33.43% and a net margin of 13.12%. Restaurant Brands International’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.94 earnings per share. On average, analysts anticipate that Restaurant Brands International Inc. will post 4.04 EPS for the current year.

Restaurant Brands International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 18th were given a dividend of $0.65 per share. The ex-dividend date of this dividend was Friday, September 18th. This represents a $2.60 dividend on an annualized basis and a yield of 3.4%. Restaurant Brands International’s dividend payout ratio is 69.89%.

About Restaurant Brands International

Restaurant Brands International Inc (NYSE:QSR) is a global quick-service restaurant company that owns and operates a portfolio of restaurant brands, primarily through franchised and licensed locations. Its brands include Tim Hortons, Burger King, Popeyes and Firehouse Subs, which serve coffee, baked goods, burgers, chicken, sandwiches and other prepared foods.

The company was formed in 2014 through the merger of Burger King Worldwide and Tim Hortons. RBI expanded its portfolio through the acquisition of Popeyes Louisiana Kitchen in 2017 and Firehouse Restaurant Group in 2021.