Rockefeller Capital Management L.P. Acquires 69,030 Shares of Restaurant Brands International Inc. $QSR

Rockefeller Capital Management L.P. raised its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 26.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 325,904 shares of the restaurant operator’s stock after purchasing an additional 69,030 shares during the period. Rockefeller Capital Management L.P. owned 0.09% of Restaurant Brands International worth $22,237,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in QSR. Baupost Group LLC MA raised its stake in 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 buying an additional 4,203,300 shares during the last quarter. Platinum Paramount Investment LTD. acquired a new position in shares of Restaurant Brands International during the fourth quarter worth approximately $281,033,000. Norges Bank acquired a new position in Restaurant Brands International during the fourth quarter worth $260,709,000. Capital World Investors raised its holdings in shares of Restaurant Brands International by 7.7% in the 4th quarter. Capital World Investors now owns 43,525,570 shares of the restaurant operator’s stock worth $2,969,819,000 after acquiring an additional 3,095,167 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Restaurant Brands International by 9,477.4% in the second quarter. State Street Corp now owns 2,997,344 shares of the restaurant operator’s stock worth $198,711,000 after purchasing an additional 2,966,048 shares during the last quarter. Institutional investors own 82.29% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on QSR. TD Cowen increased their target price on shares of Restaurant Brands International from $76.00 to $79.00 and gave the company a “hold” rating in a report on Wednesday, May 6th. Truist Financial boosted their target price on Restaurant Brands International from $83.00 to $87.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. KeyCorp boosted their price target on shares of Restaurant Brands International from $78.00 to $90.00 and gave the company an “overweight” rating in a research report on Monday, April 20th. UBS Group increased their price objective on Restaurant Brands International from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Finally, Weiss Ratings upgraded shares of Restaurant Brands International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. Seventeen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $83.54.

Restaurant Brands International Stock Performance

Shares of QSR stock opened at $71.94 on Tuesday. The stock has a 50 day moving average price of $76.25 and a two-hundred day moving average price of $72.63. Restaurant Brands International Inc. has a fifty-two week low of $61.33 and a fifty-two week high of $81.96. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.90 and a current ratio of 0.99. The company has a market capitalization of $24.99 billion, a P/E ratio of 25.33, a PEG ratio of 1.90 and a beta of 0.49.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Wednesday, May 6th. The restaurant operator reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.03. The business had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Restaurant Brands International had a net margin of 9.96% and a return on equity of 32.80%. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.75 EPS. Analysts expect that Restaurant Brands International Inc. will post 4.07 earnings per share for the current year.

Restaurant Brands International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Tuesday, June 23rd will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Tuesday, June 23rd. Restaurant Brands International’s dividend payout ratio is currently 91.55%.

Restaurant Brands International Company Profile

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.