Quantinno Capital Management LP Acquires 22,674 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Quantinno Capital Management LP grew its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 133.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,674 shares of the restaurant operator’s stock after purchasing an additional 22,674 shares during the quarter. Quantinno Capital Management LP’s holdings in Restaurant Brands International were worth $2,586,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Capital World Investors boosted its position in Restaurant Brands International by 2.0% in the 4th quarter. Capital World Investors now owns 43,418,188 shares of the restaurant operator’s stock valued at $2,829,974,000 after buying an additional 841,167 shares during the period. Vanguard Group Inc. raised its stake in shares of Restaurant Brands International by 3.3% during the fourth quarter. Vanguard Group Inc. now owns 13,165,498 shares of the restaurant operator’s stock valued at $858,101,000 after acquiring an additional 421,873 shares in the last quarter. EdgePoint Investment Group Inc. boosted its holdings in shares of Restaurant Brands International by 26.6% in the fourth quarter. EdgePoint Investment Group Inc. now owns 12,819,570 shares of the restaurant operator’s stock valued at $834,478,000 after purchasing an additional 2,695,071 shares during the period. Norges Bank bought a new position in Restaurant Brands International in the fourth quarter worth approximately $264,813,000. Finally, Meritage Group LP grew its stake in Restaurant Brands International by 5,795.9% in the fourth quarter. Meritage Group LP now owns 3,301,689 shares of the restaurant operator’s stock worth $215,204,000 after purchasing an additional 3,245,689 shares in the last quarter. 82.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Morgan Stanley upped their target price on Restaurant Brands International from $72.00 to $73.00 and gave the stock an “equal weight” rating in a report on Friday, May 9th. Barclays dropped their target price on shares of Restaurant Brands International from $83.00 to $80.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. Argus upgraded shares of Restaurant Brands International from a “hold” rating to a “buy” rating in a report on Wednesday, March 19th. TD Securities reaffirmed a “hold” rating and issued a $70.00 price target on shares of Restaurant Brands International in a research report on Tuesday, February 25th. Finally, Wells Fargo & Company cut their price objective on shares of Restaurant Brands International from $69.00 to $66.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $75.65.

Insider Buying and Selling at Restaurant Brands International

In related news, CFO Sami A. Siddiqui sold 18,477 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 $1,152,040.95. Following the completion of the sale, the chief financial officer now owns 55,761 shares of the company’s stock, valued at $3,476,698.35. The trade was a 24.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Joshua Kobza sold 93,619 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 848,578 shares of the company’s stock, valued at $52,908,838.30. This represents a 9.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 278,716 shares of company stock worth $17,740,281. 1.36% of the stock is currently owned by insiders.

Restaurant Brands International Stock Down 0.9%

QSR stock opened at $70.73 on Wednesday. The stock has a market capitalization of $23.17 billion, a PE ratio of 22.24, a price-to-earnings-growth ratio of 1.77 and a beta of 0.60. Restaurant Brands International Inc. has a 52 week low of $58.71 and a 52 week high of $75.07. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75. The firm has a 50 day moving average of $65.55 and a 200 day moving average of $65.71.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings data on Thursday, May 8th. The restaurant operator reported $0.75 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.03). The company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.17 billion. Restaurant Brands International had a return on equity of 28.53% and a net margin of 12.15%. The company’s quarterly revenue was up 21.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.73 earnings per share. Sell-side analysts forecast that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Tuesday, June 24th will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Tuesday, June 24th. This represents a $2.48 dividend on an annualized basis and a yield of 3.51%. Restaurant Brands International’s dividend payout ratio is currently 84.07%.

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.