Seven Grand Managers LLC Takes $23.88 Million Position in Restaurant Brands International Inc. $QSR

Seven Grand Managers LLC purchased a new stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 350,000 shares of the restaurant operator’s stock, valued at approximately $23,880,000. Restaurant Brands International makes up 1.8% of Seven Grand Managers LLC’s investment portfolio, making the stock its 15th largest holding. Seven Grand Managers LLC owned approximately 0.10% of Restaurant Brands International as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in QSR. AQR Capital Management LLC purchased a new stake in shares of Restaurant Brands International in the first quarter valued at approximately $237,000. WINTON GROUP Ltd purchased a new stake in shares of Restaurant Brands International in the second quarter valued at approximately $265,000. State Street Corp grew its position in shares of Restaurant Brands International by 9,477.4% in the second quarter. State Street Corp now owns 2,997,344 shares of the restaurant operator’s stock valued at $198,711,000 after purchasing an additional 2,966,048 shares in the last quarter. Sei Investments Co. grew its position in shares of Restaurant Brands International by 188.7% in the second quarter. Sei Investments Co. now owns 52,335 shares of the restaurant operator’s stock valued at $3,469,000 after purchasing an additional 34,210 shares in the last quarter. Finally, Treasurer of the State of North Carolina purchased a new stake in shares of Restaurant Brands International in the second quarter valued at approximately $10,019,000. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on QSR. Oppenheimer upped their price objective on Restaurant Brands International from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Wednesday, March 18th. Citigroup decreased their price objective on Restaurant Brands International from $88.00 to $84.00 and set a “neutral” rating on the stock in a report on Thursday, May 7th. CL King set a $81.00 price objective on Restaurant Brands International in a report on Thursday, May 7th. UBS Group upped their price objective on Restaurant Brands International from $85.00 to $90.00 and gave the company a “buy” rating in a report on Monday, May 4th. Finally, Sanford C. Bernstein set a $82.00 price objective on Restaurant Brands International in a report on Friday, February 13th. Sixteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $83.54.

Restaurant Brands International Stock Down 0.9%

NYSE:QSR opened at $74.71 on Thursday. The company has a quick ratio of 0.90, a current ratio of 0.99 and a debt-to-equity ratio of 2.55. The stock’s fifty day moving average is $76.78 and its two-hundred day moving average is $72.18. Restaurant Brands International Inc. has a 52 week low of $61.33 and a 52 week high of $81.96. The stock has a market capitalization of $25.95 billion, a price-to-earnings ratio of 26.31, a price-to-earnings-growth ratio of 1.95 and a beta of 0.53.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings results on Wednesday, May 6th. The restaurant operator reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.03. Restaurant Brands International had a return on equity of 32.80% and a net margin of 9.96%.The company had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same period in the prior year, the firm earned $0.75 earnings per share. The firm’s revenue was up 7.3% compared to the same quarter last year. Research analysts anticipate that Restaurant Brands International Inc. will post 4.06 EPS for the current year.

Restaurant Brands International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Tuesday, June 23rd will be paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Tuesday, June 23rd. Restaurant Brands International’s dividend payout ratio is 91.55%.

Insiders Place Their Bets

In other news, insider Jeffrey Housman sold 20,000 shares of the stock in a transaction on Friday, March 20th. The stock was sold at an average price of $73.48, for a total value of $1,469,600.00. Following the sale, the insider directly owned 162,077 shares in the company, valued at approximately $11,909,417.96. This trade represents a 10.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jill Granat sold 25,000 shares of the stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $75.09, for a total value of $1,877,250.00. Following the completion of the sale, the insider owned 478,845 shares in the company, valued at approximately $35,956,471.05. The trade was a 4.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 350,000 shares of company stock valued at $26,198,650. 1.25% of the stock is owned by company insiders.

Restaurant Brands International Company Profile

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.