Primecap Management Co. CA Has $2.41 Million Holdings in Restaurant Brands International Inc. $QSR

Primecap Management Co. CA trimmed its position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 44.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,600 shares of the restaurant operator’s stock after selling 30,640 shares during the quarter. Primecap Management Co. CA’s holdings in Restaurant Brands International were worth $2,412,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of QSR. Norges Bank acquired a new stake in Restaurant Brands International during the second quarter worth $254,948,000. State Street Corp boosted its position in shares of Restaurant Brands International by 9,477.4% during the 2nd quarter. State Street Corp now owns 2,997,344 shares of the restaurant operator’s stock valued at $198,711,000 after acquiring an additional 2,966,048 shares in the last quarter. Geode Capital Management LLC increased its stake in Restaurant Brands International by 112.8% in the second quarter. Geode Capital Management LLC now owns 4,296,050 shares of the restaurant operator’s stock valued at $286,172,000 after acquiring an additional 2,277,694 shares during the period. Vanguard Group Inc. increased its stake in Restaurant Brands International by 8.0% in the second quarter. Vanguard Group Inc. now owns 15,303,726 shares of the restaurant operator’s stock valued at $1,015,137,000 after acquiring an additional 1,134,665 shares during the period. Finally, Canada Pension Plan Investment Board raised its position in Restaurant Brands International by 56.4% in the second quarter. Canada Pension Plan Investment Board now owns 2,855,081 shares of the restaurant operator’s stock worth $189,510,000 after purchasing an additional 1,029,500 shares in the last quarter. 82.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Citigroup decreased their price objective on Restaurant Brands International from $74.00 to $72.00 and set a “neutral” rating on the stock in a report on Tuesday, February 3rd. Robert W. Baird upped their price target on Restaurant Brands International from $68.00 to $72.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. BMO Capital Markets dropped their price objective on Restaurant Brands International from $83.00 to $81.00 and set an “outperform” rating for the company in a research note on Friday, February 13th. Sanford C. Bernstein set a $82.00 price objective on Restaurant Brands International in a report on Friday, February 13th. Finally, Royal Bank Of Canada lowered their target price on shares of Restaurant Brands International from $82.00 to $80.00 and set an “outperform” rating on the stock in a report on Friday, February 13th. Twelve research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $77.20.

Insider Buying and Selling

In other news, insider Duncan Fulton sold 10,308 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $67.51, for a total transaction of $695,893.08. Following the transaction, the insider directly owned 49,677 shares in the company, valued at approximately $3,353,694.27. This represents a 17.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Axel Schwan sold 34,939 shares of the stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $67.51, for a total transaction of $2,358,731.89. Following the sale, the insider directly owned 194,984 shares in the company, valued at $13,163,369.84. This trade represents a 15.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 186,401 shares of company stock valued at $12,857,069. Insiders own 1.25% of the company’s stock.

Restaurant Brands International Trading Up 2.6%

Shares of QSR opened at $71.73 on Friday. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market cap of $24.85 billion, a price-to-earnings ratio of 30.39, a PEG ratio of 2.13 and a beta of 0.58. The stock has a fifty day moving average price of $68.59 and a two-hundred day moving average price of $67.52. Restaurant Brands International Inc. has a 52-week low of $58.71 and a 52-week high of $73.70.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Thursday, February 12th. The restaurant operator reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. Restaurant Brands International had a return on equity of 32.51% and a net margin of 8.23%.The company had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.41 billion. During the same period last year, the company posted $0.81 earnings per share. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. Analysts predict that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Thursday, March 19th will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 3.6%. The ex-dividend date is Thursday, March 19th. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.62. Restaurant Brands International’s dividend payout ratio is 105.08%.

Key Restaurant Brands International News

Here are the key news stories impacting Restaurant Brands International this week:

• Positive Sentiment: RBI reiterated its multi-year targets at its 2026 Investor Day — 8%+ organic adjusted operating income growth, 5%+ net restaurant growth by 2028, and plans to return >$1.6B to shareholders in 2026; this materially strengthens the cash-return and growth narrative. RBI Reaffirms Growth Algorithm and Capital Return Plan
• Positive Sentiment: Guggenheim raised its price target from $79 to $80 and maintained a “buy” rating — a vote of confidence that implies ~11.5% upside from the referenced price and likely helped buying interest. Guggenheim PT Raise to $80 (Tickerreport)
• Positive Sentiment: Wells Fargo lifted its target from $70 to $75 and kept an “equal weight” rating — incremental upside and another analyst endorsement supporting the rally. Wells Fargo Raises PT to $75 (Benzinga)
• Neutral Sentiment: Coverage piece on shifting narrative around RBI’s capital spending assumptions — may influence investor views on margins and free cash flow but is informational rather than a direct catalyst. How The Narrative On Restaurant Brands International Is Shifting (Yahoo)
• Neutral Sentiment: Other industry/company coverage and reviews appeared (general analysis pieces) that may affect attention/flow but are not direct catalysts. Reviewing Restaurant Brands International (AmericanBankingNews)
• Negative Sentiment: Insider sale reported — Sami Siddiqui sold 12,828 shares; insider selling can be perceived negatively even if not large enough to change fundamentals. Insider Sale by Sami Siddiqui (AmericanBankingNews)
• Negative Sentiment: JPMorgan published a pessimistic near-term forecast for QSR’s stock price — a counterpoint that could temper upside for more risk-averse investors. JPMorgan Pessimistic Forecast (AmericanBankingNews)

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.