One68 Global Capital LLC Purchases New Position in Restaurant Brands International Inc. (NYSE:QSR)

One68 Global Capital LLC acquired a new position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 10,700 shares of the restaurant operator’s stock, valued at approximately $697,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Arvest Bank Trust Division purchased a new position in Restaurant Brands International in the third quarter valued at $12,053,000. Wilmington Savings Fund Society FSB acquired a new position in Restaurant Brands International during the third quarter worth $378,000. Wealth Enhancement Advisory Services LLC grew its holdings in Restaurant Brands International by 4.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,507 shares of the restaurant operator’s stock valued at $325,000 after purchasing an additional 210 shares during the last quarter. Avanza Fonder AB acquired a new stake in Restaurant Brands International in the fourth quarter valued at $1,299,000. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of Restaurant Brands International by 74.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,325 shares of the restaurant operator’s stock valued at $86,000 after acquiring an additional 567 shares in the last quarter. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Restaurant Brands International Trading Up 0.3 %

Shares of Restaurant Brands International stock opened at $63.83 on Wednesday. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94. The stock has a market capitalization of $20.91 billion, a PE ratio of 20.07, a P/E/G ratio of 1.77 and a beta of 0.72. The company’s fifty day simple moving average is $64.91 and its 200-day simple moving average is $66.04. Restaurant Brands International Inc. has a 1-year low of $58.71 and a 1-year high of $77.24.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.29). Restaurant Brands International had a return on equity of 28.53% and a net margin of 12.15%. As a group, equities analysts anticipate that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 21st were given a $0.62 dividend. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.58. The ex-dividend date was Friday, March 21st. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.89%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 77.99%.

Analysts Set New Price Targets

Several research firms recently issued reports on QSR. CIBC cut their price target on shares of Restaurant Brands International from $86.00 to $78.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. Citigroup dropped their price objective on shares of Restaurant Brands International from $67.00 to $66.00 and set a “neutral” rating on the stock in a report on Wednesday, April 16th. Stifel Nicolaus dropped their price objective on shares of Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating on the stock in a report on Friday, January 10th. Oppenheimer dropped their price target on shares of Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Finally, Loop Capital reissued a “buy” rating on shares of Restaurant Brands International in a report on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Restaurant Brands International currently has an average rating of “Hold” and a consensus target price of $76.04.

Insider Transactions at Restaurant Brands International

In other Restaurant Brands International news, CEO Joshua Kobza sold 93,619 shares of Restaurant Brands International stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $62.35, for a total transaction of $5,837,144.65. Following the completion of the transaction, the chief executive officer now owns 848,578 shares in the company, valued at approximately $52,908,838.30. This trade represents a 9.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Duncan Fulton sold 27,500 shares of Restaurant Brands International stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $64.66, for a total value of $1,778,150.00. Following the transaction, the insider now owns 34,822 shares of the company’s stock, valued at $2,251,590.52. The trade was a 44.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 278,716 shares of company stock valued at $17,740,281 in the last quarter. 1.36% of the stock is currently owned by corporate insiders.

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.