Capricorn Fund Managers Ltd Sells 6,632 Shares of Restaurant Brands International Inc. $QSR

Capricorn Fund Managers Ltd lessened its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 8.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 74,587 shares of the restaurant operator’s stock after selling 6,632 shares during the period. Restaurant Brands International comprises 2.3% of Capricorn Fund Managers Ltd’s portfolio, making the stock its 20th largest holding. Capricorn Fund Managers Ltd’s holdings in Restaurant Brands International were worth $4,944,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in QSR. Allspring Global Investments Holdings LLC lifted its stake in shares of Restaurant Brands International by 55.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 70,857 shares of the restaurant operator’s stock valued at $4,759,000 after acquiring an additional 25,292 shares during the period. Aviso Financial Inc. lifted its stake in shares of Restaurant Brands International by 1.2% during the first quarter. Aviso Financial Inc. now owns 953,186 shares of the restaurant operator’s stock valued at $63,566,000 after acquiring an additional 11,164 shares during the period. Jump Financial LLC acquired a new position in shares of Restaurant Brands International during the first quarter valued at $432,000. Private Trust Co. NA lifted its stake in shares of Restaurant Brands International by 96.6% during the first quarter. Private Trust Co. NA now owns 519 shares of the restaurant operator’s stock valued at $35,000 after acquiring an additional 255 shares during the period. Finally, Raymond James Financial Inc. lifted its stake in shares of Restaurant Brands International by 90.9% during the first quarter. Raymond James Financial Inc. now owns 563,747 shares of the restaurant operator’s stock valued at $37,568,000 after acquiring an additional 268,511 shares during the period. Institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Trading Up 1.2%

Shares of NYSE QSR opened at $68.51 on Friday. The company’s fifty day moving average is $64.81 and its 200-day moving average is $66.28. The stock has a market cap of $22.46 billion, a price-to-earnings ratio of 25.95, a P/E/G ratio of 2.92 and a beta of 0.65. Restaurant Brands International Inc. has a twelve month low of $58.71 and a twelve month high of $74.09. The company has a quick ratio of 0.95, a current ratio of 1.01 and a debt-to-equity ratio of 2.69.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Thursday, August 7th. The restaurant operator reported $0.94 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.03). The firm had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.33 billion. Restaurant Brands International had a return on equity of 29.54% and a net margin of 9.43%.The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.86 earnings per share. Equities research analysts predict that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Tuesday, September 23rd will be given a $0.62 dividend. The ex-dividend date is Tuesday, September 23rd. This represents a $2.48 annualized dividend and a dividend yield of 3.6%. Restaurant Brands International’s payout ratio is currently 93.94%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on QSR. Sanford C. Bernstein set a $78.00 price target on Restaurant Brands International in a research note on Friday, August 8th. Truist Financial upped their price target on Restaurant Brands International from $78.00 to $81.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. Scotiabank cut their price target on Restaurant Brands International from $75.00 to $71.00 and set a “sector perform” rating on the stock in a research note on Friday, August 8th. Morgan Stanley cut their price target on Restaurant Brands International from $73.00 to $72.00 and set an “equal weight” rating on the stock in a research note on Monday, July 14th. Finally, Barclays cut their price target on Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating on the stock in a research note on Friday, August 8th. Eleven analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $75.04.

About Restaurant Brands International

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.