Primecap Management Co. CA Has $8.40 Million Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Primecap Management Co. CA decreased its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 11.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 119,300 shares of the restaurant operator’s stock after selling 15,000 shares during the period. Primecap Management Co. CA’s holdings in Restaurant Brands International were worth $8,395,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Principal Securities Inc. acquired a new stake in Restaurant Brands International in the 4th quarter worth $79,000. Dimensional Fund Advisors LP lifted its stake in shares of Restaurant Brands International by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 653,507 shares of the restaurant operator’s stock valued at $51,058,000 after buying an additional 5,192 shares during the period. Vanguard Personalized Indexing Management LLC grew its position in Restaurant Brands International by 20.9% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 5,569 shares of the restaurant operator’s stock worth $435,000 after buying an additional 962 shares in the last quarter. Quadrant Capital Group LLC increased its stake in Restaurant Brands International by 11.9% during the fourth quarter. Quadrant Capital Group LLC now owns 2,000 shares of the restaurant operator’s stock valued at $156,000 after acquiring an additional 212 shares during the period. Finally, Financial Advocates Investment Management raised its holdings in Restaurant Brands International by 22.1% in the 4th quarter. Financial Advocates Investment Management now owns 4,121 shares of the restaurant operator’s stock valued at $322,000 after acquiring an additional 745 shares in the last quarter. Institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Stock Down 0.0 %

NYSE QSR opened at $69.26 on Thursday. The stock has a market capitalization of $21.94 billion, a P/E ratio of 17.85, a price-to-earnings-growth ratio of 2.08 and a beta of 0.93. Restaurant Brands International Inc. has a 52 week low of $61.77 and a 52 week high of $83.29. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.71 and a current ratio of 0.78. The stock has a fifty day moving average of $70.29 and a 200-day moving average of $72.09.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings data on Thursday, August 8th. The restaurant operator reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.01. Restaurant Brands International had a return on equity of 30.78% and a net margin of 16.99%. The firm had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.05 billion. On average, equities research analysts forecast that Restaurant Brands International Inc. will post 3.36 EPS for the current year.

Restaurant Brands International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 20th will be issued a $0.58 dividend. The ex-dividend date of this dividend is Friday, September 20th. This represents a $2.32 annualized dividend and a yield of 3.35%. Restaurant Brands International’s dividend payout ratio is currently 59.79%.

Insider Buying and Selling at Restaurant Brands International

In other Restaurant Brands International news, insider Thomas Benjamin Curtis sold 6,536 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total transaction of $448,565.68. Following the completion of the sale, the insider now owns 37,179 shares in the company, valued at approximately $2,551,594.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Axel Mr Schwan sold 36,000 shares of Restaurant Brands International stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $70.44, for a total transaction of $2,535,840.00. Following the transaction, the insider now owns 97,479 shares of the company’s stock, valued at approximately $6,866,420.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thomas Benjamin Curtis sold 6,536 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total transaction of $448,565.68. Following the completion of the sale, the insider now directly owns 37,179 shares of the company’s stock, valued at approximately $2,551,594.77. The disclosure for this sale can be found here. Insiders own 1.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on QSR shares. The Goldman Sachs Group began coverage on Restaurant Brands International in a report on Thursday, June 13th. They set a “buy” rating and a $80.00 price objective on the stock. Royal Bank of Canada boosted their price target on shares of Restaurant Brands International from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, September 12th. Stifel Nicolaus reduced their price objective on shares of Restaurant Brands International from $80.00 to $77.00 and set a “hold” rating for the company in a report on Tuesday, August 13th. Genuity Capital Markets decreased their target price on shares of Restaurant Brands International from $74.00 to $73.00 and set a “neutral” rating on the stock in a research report on Thursday, May 30th. Finally, Bank of America increased their price target on shares of Restaurant Brands International from $72.00 to $79.00 and gave the stock an “underperform” rating in a research report on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $83.11.

Restaurant Brands International Company Profile

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.