Savoir Faire Capital Management L.P. Sells 17,059 Shares of Restaurant Brands International Inc. $QSR

Savoir Faire Capital Management L.P. cut its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 48.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 18,063 shares of the restaurant operator’s stock after selling 17,059 shares during the period. Savoir Faire Capital Management L.P.’s holdings in Restaurant Brands International were worth $1,232,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Restaurant Brands International by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 15,983,585 shares of the restaurant operator’s stock worth $1,090,684,000 after acquiring an additional 344,066 shares during the period. EdgePoint Investment Group Inc. boosted its holdings in Restaurant Brands International by 15.4% in the 3rd quarter. EdgePoint Investment Group Inc. now owns 14,903,208 shares of the restaurant operator’s stock valued at $955,855,000 after purchasing an additional 1,983,354 shares during the period. Baupost Group LLC MA boosted its holdings in Restaurant Brands International by 103.8% in the 3rd quarter. Baupost Group LLC MA now owns 8,252,862 shares of the restaurant operator’s stock valued at $529,337,000 after purchasing an additional 4,203,300 shares during the period. TD Asset Management Inc grew its position in shares of Restaurant Brands International by 0.3% during the 3rd quarter. TD Asset Management Inc now owns 5,505,861 shares of the restaurant operator’s stock valued at $353,284,000 after purchasing an additional 18,964 shares in the last quarter. Finally, Fiera Capital Corp increased its holdings in shares of Restaurant Brands International by 17.2% in 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 period. 82.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. JPMorgan Chase & Co. boosted their target price on Restaurant Brands International from $77.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Royal Bank Of Canada raised their price target on Restaurant Brands International from $83.00 to $90.00 and gave the company an “outperform” rating in a report on Tuesday, April 21st. Piper Sandler upgraded Restaurant Brands International from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $71.00 to $84.00 in a research report on Monday, March 2nd. Weiss Ratings reissued a “hold (c+)” rating on shares of Restaurant Brands International in a report on Thursday, January 22nd. Finally, KeyCorp upped their price objective on shares of Restaurant Brands International from $78.00 to $90.00 and gave the stock an “overweight” rating in a research report on Monday, April 20th. Sixteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $81.83.

Insider Buying and Selling at Restaurant Brands International

In other Restaurant Brands International news, CEO Joshua Kobza sold 200,000 shares of Restaurant Brands International stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $75.05, for a total transaction of $15,010,000.00. Following the transaction, the chief executive officer directly owned 960,769 shares of the company’s stock, valued at approximately $72,105,713.45. This trade represents a 17.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Sami A. Siddiqui sold 40,000 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief financial officer owned 35,766 shares of the company’s stock, valued at approximately $2,664,924.66. The trade was a 52.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 441,490 shares of company stock valued at $32,375,140. 1.25% of the stock is currently owned by corporate insiders.

Restaurant Brands International Trading Up 2.5%

NYSE QSR opened at $80.70 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.98 and a debt-to-equity ratio of 2.62. The stock’s 50-day simple moving average is $74.90 and its two-hundred day simple moving average is $70.97. Restaurant Brands International Inc. has a twelve month low of $61.33 and a twelve month high of $81.67. The company has a market capitalization of $28.01 billion, a price-to-earnings ratio of 34.19, a PEG ratio of 2.21 and a beta of 0.51.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings data on Thursday, February 12th. The restaurant operator reported $0.96 EPS for the quarter, beating the consensus estimate of $0.93 by $0.03. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.41 billion. Restaurant Brands International had a return on equity of 32.51% and a net margin of 8.23%.The company’s revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.81 EPS. Research analysts forecast that Restaurant Brands International Inc. will post 4.05 EPS for the current fiscal year.

Restaurant Brands International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Thursday, March 19th were paid a $0.65 dividend. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.62. This represents a $2.60 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Thursday, March 19th. Restaurant Brands International’s payout ratio is currently 110.17%.

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.