Entropy Technologies LP Makes New Investment in Restaurant Brands International Inc. $QSR

Entropy Technologies LP purchased a new position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 31,872 shares of the restaurant operator’s stock, valued at approximately $2,175,000.

A number of other institutional investors have also made changes to their positions in QSR. AQR Capital Management LLC acquired a new position in Restaurant Brands International during the first quarter worth $237,000. WINTON GROUP Ltd bought a new stake in Restaurant Brands International during the 2nd quarter worth about $265,000. State Street Corp boosted its stake in shares of Restaurant Brands International by 9,477.4% during the 2nd quarter. State Street Corp now owns 2,997,344 shares of the restaurant operator’s stock worth $198,711,000 after buying an additional 2,966,048 shares during the last quarter. Sei Investments Co. boosted its stake in shares of Restaurant Brands International by 188.7% during the 2nd quarter. Sei Investments Co. now owns 52,335 shares of the restaurant operator’s stock worth $3,469,000 after buying an additional 34,210 shares during the last quarter. Finally, Treasurer of the State of North Carolina bought a new position in shares of Restaurant Brands International in the 2nd quarter valued at about $10,019,000. Institutional investors own 82.29% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on QSR. Scotia upped their target price on Restaurant Brands International from $81.00 to $83.00 and gave the stock a “sector perform” rating in a report on Thursday, May 7th. Wells Fargo & Company raised their price target on Restaurant Brands International from $75.00 to $80.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. Weiss Ratings raised Restaurant Brands International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $86.00 price objective on shares of Restaurant Brands International in a research note on Thursday, May 7th. Finally, Royal Bank Of Canada raised their target price on shares of Restaurant Brands International from $83.00 to $90.00 and gave the company an “outperform” rating in a research note on Tuesday, April 21st. Seventeen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Restaurant Brands International presently has an average rating of “Moderate Buy” and an average target price of $83.54.

Restaurant Brands International Stock Performance

Shares of NYSE QSR opened at $75.66 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.90 and a debt-to-equity ratio of 2.55. The company has a market capitalization of $26.28 billion, a P/E ratio of 26.64, a P/E/G ratio of 1.94 and a beta of 0.49. Restaurant Brands International Inc. has a 12 month low of $61.33 and a 12 month high of $81.96. The stock has a 50 day moving average of $76.57 and a 200-day moving average of $72.57.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Wednesday, May 6th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter last year, the firm posted $0.75 EPS. The company’s quarterly revenue was up 7.3% on a year-over-year basis. As a group, equities research analysts predict that Restaurant Brands International Inc. will post 4.07 EPS for the current year.

Restaurant Brands International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Tuesday, June 23rd will be given a $0.65 dividend. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a $2.60 annualized dividend and a dividend yield of 3.4%. Restaurant Brands International’s dividend payout ratio is presently 91.55%.

Insider Activity

In other news, insider Jeffrey Housman sold 20,000 shares of the firm’s stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $73.48, for a total transaction of $1,469,600.00. Following the completion of the sale, the insider owned 162,077 shares in the company, valued at approximately $11,909,417.96. This trade represents a 10.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Joshua Kobza sold 200,000 shares of Restaurant Brands International stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $75.05, for a total transaction of $15,010,000.00. Following the sale, the chief executive officer directly owned 960,769 shares of the company’s stock, valued at $72,105,713.45. The trade was a 17.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 245,000 shares of company stock valued at $18,356,850 over the last ninety days. 1.22% of the stock is currently owned by company insiders.

Restaurant Brands International 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.