Aspiriant LLC Purchases Shares of 13,072 Restaurant Brands International Inc (NYSE:QSR)

Aspiriant LLC purchased a new stake in shares of Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) in the 3rd quarter, HoldingsChannel reports. The fund purchased 13,072 shares of the restaurant operator’s stock, valued at approximately $930,000.

Several other hedge funds have also recently added to or reduced their stakes in QSR. Athanor Capital LP acquired a new position in shares of Restaurant Brands International during the second quarter valued at about $243,000. Aperio Group LLC increased its holdings in shares of Restaurant Brands International by 16.7% during the second quarter. Aperio Group LLC now owns 98,127 shares of the restaurant operator’s stock valued at $6,824,000 after acquiring an additional 14,060 shares in the last quarter. Bessemer Group Inc. increased its holdings in shares of Restaurant Brands International by 1.3% during the second quarter. Bessemer Group Inc. now owns 1,768,249 shares of the restaurant operator’s stock valued at $122,963,000 after acquiring an additional 22,101 shares in the last quarter. Boston Advisors LLC increased its holdings in shares of Restaurant Brands International by 6.5% during the second quarter. Boston Advisors LLC now owns 15,700 shares of the restaurant operator’s stock valued at $1,092,000 after acquiring an additional 960 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of Restaurant Brands International by 31.1% during the second quarter. Russell Investments Group Ltd. now owns 19,674 shares of the restaurant operator’s stock valued at $1,369,000 after acquiring an additional 4,668 shares in the last quarter. 77.84% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently issued reports on QSR. Longbow Research upgraded shares of Restaurant Brands International from an “underperform” rating to a “neutral” rating in a report on Monday, September 30th. Oppenheimer upped their price objective on shares of Restaurant Brands International from $75.00 to $83.00 and gave the company an “outperform” rating in a report on Tuesday, July 30th. SunTrust Banks upped their price objective on shares of Restaurant Brands International to $86.00 and gave the company a “buy” rating in a report on Monday, August 5th. BMO Capital Markets increased their price target on shares of Restaurant Brands International from $76.00 to $84.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Finally, Stephens increased their price target on shares of Restaurant Brands International from $75.00 to $82.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $77.53.

In other news, insider Jacqueline Friesner sold 26,392 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $77.30, for a total transaction of $2,040,101.60. Following the sale, the insider now owns 106,352 shares of the company’s stock, valued at approximately $8,221,009.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Alexandre Macedo sold 166,834 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $64.45, for a total transaction of $10,752,451.30. Following the sale, the insider now directly owns 38,525 shares in the company, valued at approximately $2,482,936.25. The disclosure for this sale can be found here. Insiders have sold a total of 1,007,128 shares of company stock worth $75,592,467 in the last ninety days. Corporate insiders own 4.13% of the company’s stock.

Shares of NYSE:QSR opened at $66.54 on Friday. Restaurant Brands International Inc has a twelve month low of $50.20 and a twelve month high of $79.46. The company’s 50 day moving average is $69.26 and its 200 day moving average is $70.58. The company has a current ratio of 1.09, a quick ratio of 1.05 and a debt-to-equity ratio of 3.18. The company has a market cap of $19.59 billion, a PE ratio of 25.30, a price-to-earnings-growth ratio of 2.52 and a beta of 1.20.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings results on Monday, October 28th. The restaurant operator reported $0.72 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.72. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.46 billion. Restaurant Brands International had a net margin of 11.64% and a return on equity of 32.20%. Restaurant Brands International’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.53 EPS. Equities research analysts predict that Restaurant Brands International Inc will post 2.69 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Tuesday, December 17th will be paid a dividend of $0.50 per share. The ex-dividend date is Monday, December 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.01%. Restaurant Brands International’s payout ratio is 76.05%.

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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Institutional Ownership by Quarter for Restaurant Brands International (NYSE:QSR)

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