Newbrook Capital Advisors LP raised its holdings in shares of Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) by 0.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,052,800 shares of the restaurant operator’s stock after purchasing an additional 3,923 shares during the period. Restaurant Brands International comprises about 4.4% of Newbrook Capital Advisors LP’s portfolio, making the stock its 11th largest holding. Newbrook Capital Advisors LP owned approximately 0.44% of Restaurant Brands International worth $64,687,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the business. Point72 Asset Management L.P. boosted its holdings in shares of Restaurant Brands International by 3,083.6% during the third quarter. Point72 Asset Management L.P. now owns 1,257,541 shares of the restaurant operator’s stock valued at $80,332,000 after acquiring an additional 1,218,041 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in shares of Restaurant Brands International during the fourth quarter valued at $69,324,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Restaurant Brands International by 36.2% during the fourth quarter. The Manufacturers Life Insurance Company now owns 3,831,529 shares of the restaurant operator’s stock valued at $235,562,000 after acquiring an additional 1,017,863 shares during the period. Argent Capital Management LLC acquired a new position in shares of Restaurant Brands International during the third quarter valued at $33,235,000. Finally, Forsta AP Fonden acquired a new position in shares of Restaurant Brands International during the fourth quarter valued at $30,559,000. Hedge funds and other institutional investors own 78.30% of the company’s stock.
In other Restaurant Brands International news, insider Heitor Goncalves sold 81,637 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $59.42, for a total value of $4,850,870.54. Following the completion of the sale, the insider now directly owns 187,333 shares of the company’s stock, valued at approximately $11,131,326.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Alexandre Macedo sold 51,870 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $59.31, for a total transaction of $3,076,409.70. Following the completion of the sale, the insider now directly owns 92,192 shares of the company’s stock, valued at $5,467,907.52. The disclosure for this sale can be found here. Insiders sold a total of 471,676 shares of company stock valued at $27,885,174 over the last three months. 3.05% of the stock is owned by corporate insiders.
Shares of Restaurant Brands International Inc (NYSE QSR) opened at $57.42 on Wednesday. The firm has a market cap of $14,423.93, a PE ratio of 22.61, a P/E/G ratio of 1.49 and a beta of 1.48. Restaurant Brands International Inc has a 1-year low of $53.54 and a 1-year high of $68.89. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.06 and a quick ratio of 1.01.
Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings data on Monday, February 12th. The restaurant operator reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.09. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.25 billion. Restaurant Brands International had a net margin of 12.70% and a return on equity of 24.56%. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.44 earnings per share. analysts forecast that Restaurant Brands International Inc will post 2.69 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Thursday, March 15th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $1.80 annualized dividend and a yield of 3.13%. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.21. Restaurant Brands International’s dividend payout ratio is presently 33.07%.
Several equities analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Restaurant Brands International from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a report on Friday, January 5th. UBS Group set a $74.00 price target on shares of Restaurant Brands International and gave the company a “buy” rating in a report on Tuesday, January 16th. Evercore ISI assumed coverage on shares of Restaurant Brands International in a report on Monday, December 11th. They set an “outperform” rating and a $75.00 price target for the company. Nomura boosted their price target on shares of Restaurant Brands International from $75.00 to $81.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. Finally, Credit Suisse Group reduced their price target on shares of Restaurant Brands International from $74.00 to $71.00 and set an “outperform” rating for the company in a report on Tuesday, February 13th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $70.35.
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Restaurant Brands International Company Profile
Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company had over 23,000 restaurants in more than 100 countries and the United States territories, as of September 30, 2017. It operates through three segments: Tim Hortons (TH), Burger King (BK) and Popeyes Louisiana Kitchen (PLK).
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