Blueshift Asset Management LLC purchased a new stake in Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 4,443 shares of the restaurant operator’s stock, valued at approximately $232,000.
Other hedge funds have also recently made changes to their positions in the company. Aviva PLC increased its position in Restaurant Brands International by 64.6% during the fourth quarter. Aviva PLC now owns 188,057 shares of the restaurant operator’s stock worth $9,838,000 after acquiring an additional 73,814 shares during the period. Standard Life Aberdeen plc increased its position in Restaurant Brands International by 1.1% during the fourth quarter. Standard Life Aberdeen plc now owns 3,532,734 shares of the restaurant operator’s stock worth $185,345,000 after acquiring an additional 39,137 shares during the period. Freestone Capital Holdings LLC bought a new position in Restaurant Brands International during the fourth quarter worth about $3,727,000. Mn Services Vermogensbeheer B.V. increased its position in Restaurant Brands International by 9.2% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 40,274 shares of the restaurant operator’s stock worth $1,840,000 after acquiring an additional 3,400 shares during the period. Finally, State of Tennessee Treasury Department increased its position in Restaurant Brands International by 4.9% during the fourth quarter. State of Tennessee Treasury Department now owns 197,116 shares of the restaurant operator’s stock worth $10,309,000 after acquiring an additional 9,122 shares during the period. Hedge funds and other institutional investors own 82.96% of the company’s stock.
In other news, insider Alexandre Macedo sold 191,964 shares of the firm’s stock in a transaction that occurred on Thursday, February 14th. The shares were sold at an average price of $63.88, for a total value of $12,262,660.32. Following the sale, the insider now directly owns 103,773 shares in the company, valued at approximately $6,629,019.24. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Joshua Kobza sold 113,577 shares of the firm’s stock in a transaction that occurred on Wednesday, February 13th. The shares were sold at an average price of $64.41, for a total transaction of $7,315,494.57. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 441,162 shares of company stock worth $28,000,343. 3.78% of the stock is currently owned by corporate insiders.
Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Monday, February 11th. The restaurant operator reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.01. Restaurant Brands International had a net margin of 11.42% and a return on equity of 30.16%. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same period last year, the company posted $0.66 EPS. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. On average, analysts predict that Restaurant Brands International Inc will post 2.76 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 3rd. Stockholders of record on Friday, March 15th will be paid a $0.50 dividend. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend is Thursday, March 14th. Restaurant Brands International’s dividend payout ratio (DPR) is presently 68.44%.
A number of equities analysts recently commented on QSR shares. Zacks Investment Research raised shares of Restaurant Brands International from a “sell” rating to a “hold” rating in a research report on Monday, December 3rd. Robert W. Baird reiterated a “buy” rating and set a $66.00 price objective on shares of Restaurant Brands International in a research note on Thursday, January 3rd. SunTrust Banks began coverage on shares of Restaurant Brands International in a research note on Tuesday, January 8th. They set a “buy” rating and a $70.00 price objective on the stock. BMO Capital Markets upgraded shares of Restaurant Brands International from a “market perform” rating to an “outperform” rating and set a $63.11 price objective on the stock in a research note on Wednesday, January 23rd. Finally, ValuEngine upgraded shares of Restaurant Brands International from a “hold” rating to a “buy” rating in a research note on Thursday, January 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $69.34.
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Restaurant Brands International Company Profile
Restaurant Brands International Inc owns, operates, and franchises quick service restaurants under the Tim Hortons (TH), Burger King (BK), and Popeyes (PLK) brand names. The company operates through three segments: TH, BK, and PLK. Its restaurants offer blend coffee, tea, espresso-based hot and cold specialty drinks, donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, hamburgers, chicken and other specialty sandwiches, french fries, soft drinks, chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other food items.
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