Sepio Capital LP Sells 8,733 Shares of Restaurant Brands International Inc. $QSR

Sepio Capital LP trimmed its position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 37.3% in the third quarter, HoldingsChannel reports. The institutional investor owned 14,654 shares of the restaurant operator’s stock after selling 8,733 shares during the period. Sepio Capital LP’s holdings in Restaurant Brands International were worth $1,042,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. EdgePoint Investment Group Inc. boosted its holdings in Restaurant Brands International by 16.2% in the 1st quarter. EdgePoint Investment Group Inc. now owns 19,348,137 shares of the restaurant operator’s stock worth $1,432,015,000 after acquiring an additional 2,703,134 shares during the period. Bank of America Corp DE lifted its holdings in Restaurant Brands International by 143.9% in the first quarter. Bank of America Corp DE now owns 4,932,662 shares of the restaurant operator’s stock worth $364,524,000 after acquiring an additional 2,910,454 shares during the last quarter. Canoe Financial LP increased its position in Restaurant Brands International by 34.5% in the first quarter. Canoe Financial LP now owns 3,348,043 shares of the restaurant operator’s stock worth $247,664,000 after buying an additional 858,490 shares during the period. TD Waterhouse Canada Inc. grew its position in Restaurant Brands International by 4.4% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 2,583,329 shares of the restaurant operator’s stock worth $180,116,000 after purchasing an additional 109,723 shares during the last quarter. Finally, London Co. of Virginia acquired a new position in Restaurant Brands International during the 1st quarter worth $147,967,000. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on QSR. Argus reiterated a “hold” rating on shares of Restaurant Brands International in a report on Friday, September 25th. Scotia lowered their target price on shares of Restaurant Brands International from $83.00 to $81.00 and set a “sector perform” rating on the stock in a report on Friday, August 7th. Evercore restated an “outperform” rating and issued a $88.00 price objective on shares of Restaurant Brands International in a research report on Friday, August 7th. Citigroup dropped their price target on shares of Restaurant Brands International from $80.00 to $79.00 and set a “neutral” rating for the company in a research note on Tuesday. Finally, Mizuho assumed coverage on Restaurant Brands International in a report on Tuesday. They issued an “outperform” rating and a $85.00 price target for the company. Sixteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.52.

Insider Activity at Restaurant Brands International

In related news, insider Axel Schwan sold 57,574 shares of Restaurant Brands International stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $81.14, for a total transaction of $4,671,554.36. Following the transaction, the insider owned 209,908 shares of the company’s stock, valued at $17,031,935.12. The trade was a 21.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.22% of the stock is currently owned by insiders.

Restaurant Brands International Price Performance

Shares of NYSE QSR traded down $1.02 during midday trading on Friday, reaching $75.39. 2,081,683 shares of the company were exchanged, compared to its average volume of 2,697,702. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 2.49. Restaurant Brands International Inc. has a one year low of $64.52 and a one year high of $81.96. The stock’s 50-day moving average price is $75.07 and its 200-day moving average price is $75.27. The stock has a market cap of $26.29 billion, a P/E ratio of 20.27, a PEG ratio of 2.14 and a beta of 0.52.

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

Restaurant Brands International Announces Dividend

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

Restaurant Brands International Profile

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.