2,843,500 Shares in Restaurant Brands International Inc. (NYSE:QSR) Acquired by D1 Capital Partners L.P.

D1 Capital Partners L.P. purchased a new stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,843,500 shares of the restaurant operator’s stock, valued at approximately $200,097,000. Restaurant Brands International makes up about 3.4% of D1 Capital Partners L.P.’s holdings, making the stock its 12th biggest position. D1 Capital Partners L.P. owned about 0.90% of Restaurant Brands International at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Mather Group LLC. bought a new position in Restaurant Brands International during the 1st quarter worth about $25,000. Crewe Advisors LLC bought a new stake in Restaurant Brands International in the 1st quarter valued at approximately $48,000. Dixon Mitchell Investment Counsel Inc. bought a new position in shares of Restaurant Brands International during the 1st quarter worth approximately $59,000. Parallel Advisors LLC raised its holdings in shares of Restaurant Brands International by 24.1% in the fourth quarter. Parallel Advisors LLC now owns 788 shares of the restaurant operator’s stock valued at $62,000 after purchasing an additional 153 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of Restaurant Brands International by 22.2% in the first quarter. BNP Paribas Financial Markets now owns 1,117 shares of the restaurant operator’s stock worth $89,000 after purchasing an additional 203 shares in the last quarter. Institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Stock Performance

Shares of QSR stock opened at $70.28 on Monday. Restaurant Brands International Inc. has a 12 month low of $61.77 and a 12 month high of $83.29. The firm has a market capitalization of $22.26 billion, a PE ratio of 18.11, a price-to-earnings-growth ratio of 2.08 and a beta of 0.93. The firm has a fifty day simple moving average of $70.22 and a two-hundred day simple moving average of $71.92. The company has a current ratio of 0.78, a quick ratio of 0.71 and a debt-to-equity ratio of 2.71.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.01. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.05 billion. Restaurant Brands International had a net margin of 16.99% and a return on equity of 30.78%. Analysts forecast that Restaurant Brands International Inc. will post 3.36 EPS for the current fiscal year.

Restaurant Brands International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 20th will be paid a $0.58 dividend. The ex-dividend date of this dividend is Friday, September 20th. This represents a $2.32 dividend on an annualized basis and a yield of 3.30%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 59.79%.

Analysts Set New Price Targets

QSR has been the subject of a number of recent research reports. Royal Bank of Canada increased their price objective on shares of Restaurant Brands International from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, September 12th. Truist Financial lowered their price target on Restaurant Brands International from $87.00 to $86.00 and set a “buy” rating on the stock in a research report on Monday, August 19th. Stifel Nicolaus decreased their target price on shares of Restaurant Brands International from $80.00 to $77.00 and set a “hold” rating for the company in a research note on Tuesday, August 13th. The Goldman Sachs Group initiated coverage on shares of Restaurant Brands International in a research report on Thursday, June 13th. They set a “buy” rating and a $80.00 price target on the stock. Finally, Genuity Capital Markets lowered their price objective on shares of Restaurant Brands International from $74.00 to $73.00 and set a “neutral” rating on the stock in a research note on Thursday, May 30th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $83.11.

Insider Transactions at Restaurant Brands International

In related news, insider Thomas Benjamin Curtis sold 6,536 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total transaction of $448,565.68. Following the completion of the sale, the insider now owns 37,179 shares in the company, valued at $2,551,594.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Thomas Benjamin Curtis sold 6,536 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total value of $448,565.68. Following the transaction, the insider now owns 37,179 shares in the company, valued at $2,551,594.77. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Axel Mr Schwan sold 36,000 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $70.44, for a total value of $2,535,840.00. Following the completion of the sale, the insider now owns 97,479 shares in the company, valued at $6,866,420.76. The disclosure for this sale can be found here. Company insiders own 1.36% of the company’s stock.

Restaurant Brands International Profile

Restaurant Brands International Inc operates as a quick-service restaurant company in Canada, the United States, and internationally. It operates through four segments: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), and Firehouse Subs (FHS). The company owns and franchises TH chain of donut/coffee/tea restaurants that offer blend coffee, tea, and espresso-based hot and cold specialty drinks; and fresh baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, and other food products.