Stevens Capital Management LP trimmed its stake in Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) by 73.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,160 shares of the restaurant operator’s stock after selling 34,299 shares during the quarter. Stevens Capital Management LP’s holdings in Restaurant Brands International were worth $792,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC grew its position in shares of Restaurant Brands International by 36.8% in the fourth quarter. Proficio Capital Partners LLC now owns 621 shares of the restaurant operator’s stock valued at $32,000 after purchasing an additional 167 shares during the period. Lindbrook Capital LLC raised its stake in Restaurant Brands International by 327.2% during the first quarter. Lindbrook Capital LLC now owns 786 shares of the restaurant operator’s stock valued at $51,000 after buying an additional 602 shares in the last quarter. Enlightenment Research LLC acquired a new stake in Restaurant Brands International during the fourth quarter valued at approximately $42,000. Howe & Rusling Inc. raised its stake in Restaurant Brands International by 357.4% during the first quarter. Howe & Rusling Inc. now owns 988 shares of the restaurant operator’s stock valued at $64,000 after buying an additional 772 shares in the last quarter. Finally, Quantamental Technologies LLC acquired a new stake in Restaurant Brands International during the first quarter valued at approximately $112,000. 84.06% of the stock is owned by institutional investors.
In related news, insider Alexandre Macedo sold 100,000 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $62.03, for a total value of $6,203,000.00. Following the completion of the transaction, the insider now directly owns 289,864 shares of the company’s stock, valued at approximately $17,980,263.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jill Granat sold 35,621 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $62.30, for a total value of $2,219,188.30. Following the completion of the transaction, the insider now directly owns 276,457 shares of the company’s stock, valued at $17,223,271.10. The disclosure for this sale can be found here. Corporate insiders own 3.78% of the company’s stock.
Several analysts have issued reports on the company. Barclays upped their price objective on Restaurant Brands International from $73.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday. Zacks Investment Research upgraded Restaurant Brands International from a “sell” rating to a “hold” rating in a research note on Wednesday. Longbow Research cut Restaurant Brands International from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $70.50 to $55.00 in a research note on Monday. Jefferies Financial Group began coverage on Restaurant Brands International in a report on Thursday, May 9th. They set a “hold” rating and a $70.00 target price for the company. Finally, ValuEngine raised Restaurant Brands International from a “hold” rating to a “buy” rating in a report on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the stock. Restaurant Brands International currently has a consensus rating of “Buy” and a consensus price target of $69.83.
Shares of QSR stock opened at $66.37 on Thursday. Restaurant Brands International Inc has a 12-month low of $50.20 and a 12-month high of $68.00. The company has a market capitalization of $17.12 billion, a P/E ratio of 25.24, a price-to-earnings-growth ratio of 2.64 and a beta of 1.39. The company has a debt-to-equity ratio of 3.47, a current ratio of 1.10 and a quick ratio of 1.04.
Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings data on Monday, April 29th. The restaurant operator reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.04). Restaurant Brands International had a return on equity of 29.58% and a net margin of 11.16%. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same period last year, the company earned $0.66 earnings per share. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. Equities research analysts forecast that Restaurant Brands International Inc will post 2.67 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Monday, June 17th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date is Friday, June 14th. Restaurant Brands International’s dividend payout ratio (DPR) is 76.05%.
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Restaurant Brands International Profile
Restaurant Brands International Inc owns, operates, and franchises quick service restaurants under the Tim Hortons (TH), Burger King (BK), and Popeyes (PLK) brand names. The company operates through three segments: TH, BK, and PLK. Its restaurants offer blend coffee, tea, espresso-based hot and cold specialty drinks, donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, hamburgers, chicken and other specialty sandwiches, french fries, soft drinks, chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other food items.
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