Epoch Investment Partners Inc. Decreases Stake in Restaurant Brands International Inc. $QSR

Epoch Investment Partners Inc. lessened its position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 1.6% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 833,338 shares of the restaurant operator’s stock after selling 13,625 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Restaurant Brands International were worth $61,584,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in QSR. Capital World Investors raised its holdings in shares of Restaurant Brands International by 7.7% during 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 in the last quarter. EdgePoint Investment Group Inc. grew its holdings in shares of Restaurant Brands International by 11.7% in the fourth quarter. EdgePoint Investment Group Inc. now owns 16,645,003 shares of the restaurant operator’s stock valued at $1,135,844,000 after purchasing an additional 1,741,795 shares in the last quarter. Vanguard Group Inc. increased its position in Restaurant Brands International by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 15,983,585 shares of the restaurant operator’s stock worth $1,090,684,000 after purchasing an additional 344,066 shares during the last quarter. Morgan Stanley raised its stake in Restaurant Brands International by 24.2% during the fourth quarter. Morgan Stanley now owns 8,429,121 shares of the restaurant operator’s stock valued at $575,119,000 after purchasing an additional 1,641,870 shares in the last quarter. Finally, 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 valued at $529,337,000 after purchasing an additional 4,203,300 shares in the last quarter. Institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Trading Up 0.2%

QSR stock opened at $72.52 on Friday. Restaurant Brands International Inc. has a 12 month low of $61.33 and a 12 month high of $81.96. The firm’s 50-day moving average is $74.00 and its 200 day moving average is $73.24. The company has a market capitalization of $25.32 billion, a PE ratio of 25.53, a P/E/G ratio of 2.11 and a beta of 0.50. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.99 and a quick ratio of 0.90.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data on Wednesday, May 6th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.03. Restaurant Brands International had a net margin of 9.96% and a return on equity of 32.80%. The company had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same period in the previous year, the company earned $0.75 EPS. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. On average, research analysts anticipate that Restaurant Brands International Inc. will post 4.04 EPS for the current year.

Restaurant Brands International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Tuesday, June 23rd were issued a $0.65 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $2.60 annualized dividend and a dividend yield of 3.6%. Restaurant Brands International’s payout ratio is currently 91.55%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on QSR shares. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Restaurant Brands International from $86.00 to $85.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. JPMorgan Chase & Co. increased their price target on shares of Restaurant Brands International from $77.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, April 24th. TD Cowen lifted their price target on Restaurant Brands International from $79.00 to $80.00 and gave the stock a “hold” rating in a research report on Thursday, July 9th. Robert W. Baird raised their price target on Restaurant Brands International from $72.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, Guggenheim lifted their price objective on shares of Restaurant Brands International from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Fifteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $83.86.

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.