Fox Run Management L.L.C. Acquires New Stake in Restaurant Brands International Inc. $QSR

Fox Run Management L.L.C. acquired a new stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 12,177 shares of the restaurant operator’s stock, valued at approximately $781,000.

A number of other institutional investors have also recently modified their holdings of QSR. Vanguard Group Inc. increased its holdings in shares of Restaurant Brands International by 2.2% during the third quarter. Vanguard Group Inc. now owns 15,639,519 shares of the restaurant operator’s stock valued at $1,003,301,000 after acquiring an additional 335,793 shares in the last quarter. TD Asset Management Inc boosted its stake in Restaurant Brands International by 0.3% in the 3rd quarter. TD Asset Management Inc now owns 5,505,861 shares of the restaurant operator’s stock worth $353,284,000 after purchasing an additional 18,964 shares in the last quarter. Fiera Capital Corp grew its position in Restaurant Brands International by 17.2% during the 3rd quarter. Fiera Capital Corp now owns 4,946,163 shares of the restaurant operator’s stock valued at $317,191,000 after purchasing an additional 724,540 shares during the last quarter. Geode Capital Management LLC increased its stake in Restaurant Brands International by 112.8% during the 2nd quarter. Geode Capital Management LLC now owns 4,296,050 shares of the restaurant operator’s stock valued at $286,172,000 after purchasing an additional 2,277,694 shares in the last quarter. Finally, Baupost Group LLC MA raised its holdings in Restaurant Brands International by 4.2% in the second quarter. Baupost Group LLC MA now owns 4,049,562 shares of the restaurant operator’s stock worth $268,445,000 after buying an additional 163,000 shares during the last quarter. 82.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Restaurant Brands International news, insider Jill Granat sold 11,525 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $67.51, for a total transaction of $778,052.75. Following the completion of the sale, the insider directly owned 476,126 shares of the company’s stock, valued at approximately $32,143,266.26. This represents a 2.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jacqueline Friesner sold 4,617 shares of the stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $67.51, for a total transaction of $311,693.67. Following the completion of the transaction, the insider owned 194,201 shares in the company, valued at $13,110,509.51. The trade was a 2.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 186,401 shares of company stock worth $12,857,069. Company insiders own 1.25% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on QSR shares. Oppenheimer reiterated an “outperform” rating and issued a $80.00 target price on shares of Restaurant Brands International in a research note on Tuesday, November 25th. BMO Capital Markets lowered their price objective on Restaurant Brands International from $83.00 to $81.00 and set an “outperform” rating on the stock in a research report on Friday, February 13th. Barclays cut their target price on Restaurant Brands International from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Friday, February 13th. Weiss Ratings restated a “hold (c+)” rating on shares of Restaurant Brands International in a research note on Thursday, January 22nd. Finally, Robert W. Baird increased their price objective on Restaurant Brands International from $68.00 to $72.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Twelve analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $76.65.

Restaurant Brands International Price Performance

NYSE QSR opened at $69.92 on Friday. The stock has a market capitalization of $24.23 billion, a price-to-earnings ratio of 29.63, a PEG ratio of 2.06 and a beta of 0.58. Restaurant Brands International Inc. has a 1-year low of $58.71 and a 1-year high of $73.70. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.98 and a quick ratio of 0.98. The business’s fifty day moving average price is $68.56 and its 200-day moving average price is $67.47.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings data on Thursday, February 12th. The restaurant operator reported $0.96 EPS for the quarter, topping the consensus estimate of $0.93 by $0.03. The company had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.41 billion. Restaurant Brands International had a return on equity of 32.51% and a net margin of 8.23%.Restaurant Brands International’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 earnings per share. On average, equities analysts predict that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Thursday, March 19th will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Thursday, March 19th. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.62. Restaurant Brands International’s payout ratio is currently 110.17%.

About Restaurant Brands International

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.