Capital Analysts LLC increased its position in Restaurant Brands International Inc. (NYSE:QSR – Free Report) (TSE:QSR) by 316.3% in the fourth quarter, according to the company's most recent Form 13F filing with the Securities and Exchange Commission. It has been expanded. . The institutional investor now owns 766 shares of the restaurateur's stock after purchasing an additional 582 shares during the quarter. Capital Analyst LLC's shares of Restaurant Brands International were worth $60,000 at the end of the most recent quarter.
Many other hedge funds also changed their positions within the company. Aspire Private Capital LLC grew its position in Restaurant Brands International by 175.9% in the 4th quarter. Aspire Private Capital LLC now owns 298 shares of the restaurateur's stock worth $19,271.66 million after purchasing an additional 190 shares in the last quarter. Pacifica Partners Inc. grew its position in Restaurant Brands International by 196.0% in the 4th quarter. Pacifica Partners Inc. now owns 370 shares of the restaurateur's stock valued at $27,000 after purchasing an additional 245 shares in the last quarter. Rise Advisors LLC grew its position in Restaurant Brands International by 88.3% in the 4th quarter. Rise Advisors LLC now owns 371 shares of the restaurateur's stock valued at $29,000 after purchasing an additional 174 shares in the last quarter. Fifth Third Bancorp grew its position in Restaurant Brands International by 209.0% in the 4th quarter. Fifth Third Bancorp now owns 411 shares of the restaurateur's stock valued at $32,000 after purchasing an additional 278 shares in the last quarter. Finally, Janiczek Wealth Management LLC purchased a new stake in Restaurant Brands International during the 3rd quarter valued at approximately $36,000. Hedge funds and other institutional investors own 82.29% of the company's stock.
Insider buying and selling
In related news, CEO Joshua Kobza sold 36,371 shares of the company's stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total transaction of $2,773,652.46. Following the completion of the transaction, the CEO now directly owns 471,746 shares of the company's stock, valued at approximately $35,975,349.96. The sale was disclosed in his SEC filing, available at this link. In other news, CEO Joshua Kobza sold 36,371 shares of the company's stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total value of $2,773,652.46. Following the completion of the transaction, the CEO now owns 471,746 shares of the company's stock, valued at $35,975,349.96. The transaction was disclosed in a document filed with the SEC, which can be viewed on the SEC's website. Also, CFO Matthew Dunnigan sold 14,565 shares of the company's stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total value of $1,110,726.90. Following the closing of the transaction, the chief financial officer will now directly own 55,863 shares of the company's stock, valued at approximately $4,260,112.38. Disclosures regarding this sale can be found here. Insiders sold a total of 380,200 shares of company stock valued at $28,828,182 over the past three months. 1.25% of the shares are owned by insiders.
Wall Street analysts predict growth
A number of analysts have commented on QSR stock recently. Trust Financial lowered their target price on Restaurant Brands International from $89.00 to $87.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th. Oppenheimer increased their target price on Restaurant Brands International from $83.00 to $89.00 and gave the stock an “outperform” rating in a research note on Friday, January 5th. JPMorgan Chase & Co. increased their target price on Restaurant Brands International from $78.00 to $82.00 and gave the stock an “overweight” rating in a research note on Friday, February 16th. Stevens reissued an “equal weight” rating and set a $75.00 price objective on shares of Restaurant Brands International in a research note on Tuesday, February 13th. Finally, Evercore raised their price objective on Restaurant Brands International from $88.00 to $93.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. 1 research analyst has rated the stock with a sell rating, 10 have assigned a hold rating and 18 have assigned a buy rating to the company's stock. Based on data from MarketBeat, Restaurant Brands International currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.25.
Check out the latest research reports on international restaurant brands.
International stock performance of restaurant brands
Restaurant Brands International shares began trading at $71.42 on Friday. The company has a debt-equity ratio of 2.78, a quick ratio of 0.94, and a current ratio of 1.01. The company has a market capitalization of $22.6 billion, a P/E ratio of 18.94x, a price-to-earnings ratio of 2.13x, and a beta of 0.91x. Restaurant Brands International has a 1-year low of $61.77 and a 1-year high of $83.29. The stock's 50-day moving average price is $77.01 and its 200-day moving average price is $73.86.
Restaurant Brands International (NYSE:QSR – Get Free Report) (TSE:QSR) last released its quarterly earnings data on Tuesday, February 13th. The restaurateur reported $0.75 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.02. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.8 billion. Restaurant Brands International had a return on equity of 32.20% and a net profit margin of 16.95%. The company's revenue increased 7.8% year-on-year. His EPS for the same business in the same period last year was $0.72. For the group as a whole, sell-side analysts expect Restaurant Brands International's EPS for the current fiscal year to be 3.4.
Restaurant Brands International increases dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 21st were paid a dividend of $0.58 per share. This is an increase from Restaurant Brands International's previous quarterly dividend of his $0.55. This equates to his $2.32 dividend and his 3.25% yield on an annualized basis. The ex-dividend date for this dividend was Wednesday, March 20th. Restaurant Brands International's dividend payout ratio is currently 61.54%.
Restaurant Brand International Company Profile
(Free report)
Restaurant Brands International Inc operates as a quick service restaurant company in Canada, the United States and internationally. He operates in four segments: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), and Firehouse Subs (FHS). The company owns and franchises the TH chain of donut/coffee/tea restaurants offering blended coffee, tea, and espresso-based hot and cold specialty drinks. Freshly baked goods including donuts, timbits, bagels, muffins, cookies, pastries, grilled paninis, classic sandwiches, wraps, soups and other foods.
Related item
Curious if other hedge funds own QSR? Visit HoldingsChannel.com to get the latest 13F filings and insider transactions for Restaurant Brands International Inc. (NYSE:QSR – Free Report) (TSE:QSR).
Receive International Daily restaurant brand news and reviews – Enter your email address below to receive a concise, daily summary of the latest news and analyst ratings for Restaurant Brands International and related companies in MarketBeat.com's free daily email newsletter.
