Partners Group Holding AG Invests $1.68 Million in Restaurant Brands International Inc. $QSR

Partners Group Holding AG bought a new position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) during the 4th quarter, Holdings Channel reports. The firm bought 24,645 shares of the restaurant operator’s stock, valued at approximately $1,682,000.

Several other large investors also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Restaurant Brands International by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 15,983,585 shares of the restaurant operator’s stock worth $1,090,684,000 after purchasing an additional 344,066 shares during the last quarter. EdgePoint Investment Group Inc. grew its holdings in shares of Restaurant Brands International by 15.4% during the third quarter. EdgePoint Investment Group Inc. now owns 14,903,208 shares of the restaurant operator’s stock worth $955,855,000 after purchasing an additional 1,983,354 shares during the last quarter. Baupost Group LLC MA grew its holdings in shares of Restaurant Brands International by 103.8% during the third 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. TD Asset Management Inc grew its holdings in shares of Restaurant Brands International by 0.3% during the third quarter. TD Asset Management Inc now owns 5,505,861 shares of the restaurant operator’s stock worth $353,284,000 after purchasing an additional 18,964 shares during the last quarter. Finally, Fiera Capital Corp grew its holdings in shares of Restaurant Brands International by 17.2% during the third quarter. Fiera Capital Corp now owns 4,946,163 shares of the restaurant operator’s stock worth $317,191,000 after purchasing an additional 724,540 shares during the last quarter. Institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Price Performance

Restaurant Brands International stock opened at $75.74 on Wednesday. The business’s 50-day simple moving average is $76.44 and its 200 day simple moving average is $71.80. The stock has a market cap of $26.31 billion, a price-to-earnings ratio of 26.67, a P/E/G ratio of 1.96 and a beta of 0.53. Restaurant Brands International Inc. has a 12-month low of $61.33 and a 12-month high of $81.96. 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 posted its quarterly 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 business had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter last year, the business earned $0.75 earnings per share. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. As a group, research analysts anticipate that Restaurant Brands International Inc. will post 4.06 earnings per share for the current year.

Restaurant Brands International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Tuesday, June 23rd will be issued a dividend of $0.65 per share. The ex-dividend date is Tuesday, June 23rd. This represents a $2.60 dividend on an annualized basis and a yield of 3.4%. Restaurant Brands International’s dividend payout ratio (DPR) is 91.55%.

Insider Activity

In other Restaurant Brands International news, CFO Sami A. Siddiqui sold 40,000 shares of the firm’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $74.51, for a total transaction of $2,980,400.00. Following the transaction, the chief financial officer owned 35,766 shares in the company, valued at approximately $2,664,924.66. This trade represents a 52.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jill Granat sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $75.09, for a total value of $1,877,250.00. Following the transaction, the insider owned 478,845 shares in the company, valued at approximately $35,956,471.05. This trade represents a 4.96% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 441,490 shares of company stock valued at $32,375,140. Insiders own 1.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Scotiabank increased their target price on Restaurant Brands International from $81.00 to $83.00 and gave the stock a “sector perform” rating in a report on Thursday, May 7th. JPMorgan Chase & Co. raised their price target on Restaurant Brands International from $77.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Robert W. Baird raised their price target on Restaurant Brands International from $72.00 to $80.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Guggenheim raised their price target on Restaurant Brands International from $79.00 to $80.00 and gave the company a “buy” rating in a report on Friday, February 27th. Finally, Sanford C. Bernstein set a $82.00 price target on Restaurant Brands International in a report on Friday, February 13th. Sixteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Restaurant Brands International has a consensus rating of “Moderate Buy” and an average price target of $83.33.

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.