Nilsine Partners LLC Takes Position in Restaurant Brands International Inc. $QSR

Nilsine Partners LLC acquired a new position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 14,166 shares of the restaurant operator’s stock, valued at approximately $909,000.

A number of other hedge funds have also modified their holdings of the stock. Legend Financial Advisors Inc. acquired a new stake in shares of Restaurant Brands International during the second quarter worth $33,000. CX Institutional raised its holdings in Restaurant Brands International by 928.0% during the 2nd quarter. CX Institutional now owns 514 shares of the restaurant operator’s stock worth $34,000 after buying an additional 464 shares during the period. Smartleaf Asset Management LLC raised its holdings in Restaurant Brands International by 91.2% during the 1st quarter. Smartleaf Asset Management LLC now owns 545 shares of the restaurant operator’s stock worth $35,000 after buying an additional 260 shares during the period. Cary Street Partners Investment Advisory LLC purchased a new stake in Restaurant Brands International during the second quarter valued at about $35,000. Finally, Elevation Point Wealth Partners LLC acquired a new position in shares of Restaurant Brands International in the second quarter worth about $36,000. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Restaurant Brands International

In other news, Chairman J Patrick Doyle sold 43,597 shares of the firm’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $69.80, for a total transaction of $3,043,070.60. Following the transaction, the chairman owned 193,855 shares in the company, valued at approximately $13,531,079. This trade represents a 18.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ali Hedayat sold 7,000 shares of Restaurant Brands International stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $72.77, for a total transaction of $509,390.00. Following the completion of the sale, the director directly owned 18,962 shares of the company’s stock, valued at approximately $1,379,864.74. The trade was a 26.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.25% of the stock is currently owned by company insiders.

Restaurant Brands International Trading Down 0.9%

Restaurant Brands International stock opened at $70.36 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 1.06 and a debt-to-equity ratio of 2.65. Restaurant Brands International Inc. has a 12 month low of $58.71 and a 12 month high of $73.70. The company’s fifty day simple moving average is $69.00 and its 200-day simple moving average is $67.30. The stock has a market cap of $23.07 billion, a P/E ratio of 25.04, a P/E/G ratio of 2.82 and a beta of 0.60.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data on Thursday, October 30th. The restaurant operator reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.03. Restaurant Brands International had a return on equity of 32.43% and a net margin of 9.95%.The firm had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $2.39 billion. During the same quarter last year, the firm earned $0.93 earnings per share. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, sell-side analysts forecast that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Tuesday, December 23rd will be issued a $0.62 dividend. The ex-dividend date is Tuesday, December 23rd. This represents a $2.48 dividend on an annualized basis and a yield of 3.5%. Restaurant Brands International’s dividend payout ratio is currently 88.26%.

Analyst Ratings Changes

A number of research firms have recently issued reports on QSR. Weiss Ratings restated a “hold (c+)” rating on shares of Restaurant Brands International in a report on Wednesday, October 8th. Argus raised shares of Restaurant Brands International from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research note on Tuesday, December 2nd. Morgan Stanley set a $77.00 target price on Restaurant Brands International in a report on Tuesday, October 21st. Citigroup lifted their price target on Restaurant Brands International from $72.00 to $74.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. Finally, Scotiabank increased their price objective on Restaurant Brands International from $73.00 to $74.00 and gave the stock a “sector perform” rating in a research note on Friday, October 31st. Ten research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $75.45.

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.