Purpose Unlimited Inc. Invests $7.33 Million in Restaurant Brands International Inc. $QSR

Purpose Unlimited Inc. purchased a new stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 107,443 shares of the restaurant operator’s stock, valued at approximately $7,329,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of QSR. Baupost Group LLC MA grew its position in 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 worth $529,337,000 after acquiring an additional 4,203,300 shares during the period. Platinum Paramount Investment LTD. acquired a new stake in Restaurant Brands International during the fourth quarter worth $281,033,000. Norges Bank purchased a new stake in Restaurant Brands International in the fourth quarter valued at $260,709,000. Capital World Investors raised its position in Restaurant Brands International by 7.7% in the fourth quarter. Capital World Investors now owns 43,525,570 shares of the restaurant operator’s stock valued at $2,969,819,000 after purchasing an additional 3,095,167 shares during the period. Finally, State Street Corp raised its position in 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 during the period. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on QSR shares. UBS Group increased their price target on Restaurant Brands International from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, May 4th. CL King set a $81.00 price objective on Restaurant Brands International in a research report on Thursday, May 7th. Scotia 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 report on Thursday, May 7th. JPMorgan Chase & Co. upped their target price 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. Finally, Scotiabank increased their target price on shares of Restaurant Brands International from $81.00 to $83.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 7th. Seventeen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Restaurant Brands International presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.54.

Restaurant Brands International Stock Down 0.1%

Shares of NYSE QSR opened at $73.38 on Friday. The firm has a market cap of $25.49 billion, a price-to-earnings 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. Restaurant Brands International Inc. has a 52-week low of $61.33 and a 52-week high of $81.96. The business’s 50 day moving average is $76.35 and its two-hundred day moving average is $72.62.

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 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 analyst estimates of $2.24 billion. During the same period last year, the business posted $0.75 earnings per share. The company’s quarterly revenue was up 7.3% on a year-over-year basis. Research analysts predict that Restaurant Brands International Inc. will post 4.07 EPS for the current year.

Restaurant Brands International Dividend Announcement

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

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.