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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Restaurant Brands International Inc.    QSR   CA76131D1033

RESTAURANT BRANDS INTERNATIONAL INC.

(QSR)
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Restaurant Brands International : 3G Capital selling $3 billion shares in Burger King owner

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09/04/2019 | 11:45am EDT
FILE PHOTO: Logo of U.S. fast food group Burger King is seen at a restaurant in Bruettisellen

(Reuters) - Brazilian private equity firm 3G Capital Partners Ltd sold shares in Restaurant Brands International Inc for $3 billion in the past month, regulatory filings showed.

An affiliate of 3G Capital Partners Ltd is selling about 40 million shares, reducing its stake in the Burger King and Tim Hortons owner to 32.1% from 41%.

Last month, it sold 24 million shares at $72.50 per share, raising $1.74 billion. On Tuesday, it agreed to sell the remaining 17 million to Morgan Stanley & Co LLC to raise about $1.3 billion, based on the company's closing price on Tuesday.

Sources told Reuters that Morgan Stanley re-offered the latest block of U.S.-listed shares at $75.50, at the bottom end of its marketed range of $75.50-$76.50.

At $75.50, the deal represents a 1.4% discount to the company's Tuesday close of $76.59.

Shares of the company were down 2.5% in morning trading.

Restaurant Brands, which also owns fast-food restaurant chain Popeyes Louisiana Kitchen, reported a better-than-expected quarterly profit last month, as product launches including the Impossible Whopper drew diners to Burger King.

(Reporting by Arathy S Nair in Bengaluru and Lance Tupper in New York; Editing by Saumyadeb Chakrabarty)


Stocks mentioned in the article
ChangeLast1st jan.
MORGAN STANLEY -2.99% 50.32 Delayed Quote.-1.56%
RESTAURANT BRANDS INTERNATIONAL INC. -1.97% 73.11 Delayed Quote.-9.91%
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Financials (USD)
Sales 2020 5 028 M - -
Net income 2020 981 M - -
Net Debt 2020 11 134 M - -
P/E ratio 2020 26,5x
Yield 2020 3,82%
Capitalization 16 796 M 16 796 M -
EV / Sales 2020 5,56x
EV / Sales 2021 4,91x
Nbr of Employees 6 300
Free-Float 97,0%
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Technical analysis trends RESTAURANT BRANDS INTERNATIONAL INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 64,36 $
Last Close Price 55,41 $
Spread / Highest target 44,4%
Spread / Average Target 16,2%
Spread / Lowest Target -6,15%
EPS Revisions
Managers
NameTitle
José Eduardo Cil Chief Executive Officer
Alexandre Behring da Costa Co-Chairman
Daniel S. Schwartz Co-Chairman
Joshua Arthur Kobza Chief Operating Officer
Matthew Dunnigan Chief Financial Officer
Sector and Competitors
1st jan.Capitalization (M$)
RESTAURANT BRANDS INTERNATIONAL INC.-9.91%17 211
MCDONALD'S CORPORATION15.74%170 184
CHIPOTLE MEXICAN GRILL INC.59.96%37 466
YUM BRANDS0.55%30 526
YUM CHINA HOLDINGS, INC.15.12%23 164
RESTAURANT BRANDS INTERNATIONAL INC.-10.96%17 211