Platinum Paramount Investment LTD. Buys Shares of 4,118,904 Restaurant Brands International Inc. $QSR

Platinum Paramount Investment LTD. bought a new position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,118,904 shares of the restaurant operator’s stock, valued at approximately $281,033,000. Restaurant Brands International makes up 34.8% of Platinum Paramount Investment LTD.’s portfolio, making the stock its 2nd largest position.

Other large investors have also recently made changes to their positions in the company. Baupost Group LLC MA grew its position in shares of Restaurant Brands International by 103.8% in the third quarter. Baupost Group LLC MA now owns 8,252,862 shares of the restaurant operator’s stock valued at $529,337,000 after purchasing an additional 4,203,300 shares in the last quarter. Norges Bank purchased a new stake in Restaurant Brands International during the 4th quarter worth about $260,709,000. Capital World Investors lifted its holdings in Restaurant Brands International by 7.7% during the 4th quarter. Capital World Investors now owns 43,525,570 shares of the restaurant operator’s stock worth $2,969,819,000 after purchasing an additional 3,095,167 shares in the last quarter. State Street Corp boosted its stake in Restaurant Brands International by 9,477.4% in the 2nd quarter. State Street Corp now owns 2,997,344 shares of the restaurant operator’s stock worth $198,711,000 after purchasing an additional 2,966,048 shares during the period. Finally, EdgePoint Investment Group Inc. boosted its stake in Restaurant Brands International by 15.4% in the 3rd quarter. EdgePoint Investment Group Inc. now owns 14,903,208 shares of the restaurant operator’s stock worth $955,855,000 after purchasing an additional 1,983,354 shares during the period. 82.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Guggenheim upped their price target on Restaurant Brands International from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. JPMorgan Chase & Co. raised their price objective on shares of Restaurant Brands International from $77.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Scotiabank boosted their price objective on shares of Restaurant Brands International from $81.00 to $83.00 and gave the company a “sector perform” rating in a research note on Thursday, May 7th. Weiss Ratings raised shares of Restaurant Brands International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. Finally, Citigroup lowered their target price on shares of Restaurant Brands International from $88.00 to $84.00 and set a “neutral” rating on the stock in a research note on Thursday, May 7th. Seventeen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $83.54.

Restaurant Brands International Stock Performance

NYSE:QSR opened at $73.38 on Friday. The stock has a market cap of $25.49 billion, a P/E ratio of 25.84, a PEG ratio of 1.90 and a beta of 0.49. 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 business’s 50-day moving average price is $76.35 and its two-hundred day moving average price is $72.62. Restaurant Brands International Inc. has a twelve month low of $61.33 and a twelve month high of $81.96.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings data on Wednesday, May 6th. The restaurant operator reported $0.86 EPS for the quarter, topping the consensus estimate of $0.83 by $0.03. The company had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.24 billion. Restaurant Brands International had a return on equity of 32.80% and a net margin of 9.96%.Restaurant Brands International’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.75 earnings per share. As a group, equities analysts predict that Restaurant Brands International Inc. will post 4.07 EPS for the current fiscal year.

Restaurant Brands International Announces Dividend

The business 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 $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Tuesday, June 23rd. Restaurant Brands International’s payout ratio is currently 91.55%.

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.