Maven Securities LTD Invests $2.05 Million in Restaurant Brands International Inc. $QSR

Maven Securities LTD purchased a new position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) in the fourth quarter, HoldingsChannel reports. The fund purchased 30,000 shares of the restaurant operator’s stock, valued at approximately $2,047,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in QSR. AQR Capital Management LLC acquired a new stake in Restaurant Brands International during the 1st quarter worth about $237,000. WINTON GROUP Ltd acquired a new stake in Restaurant Brands International during the 2nd quarter worth about $265,000. State Street Corp lifted its position in Restaurant Brands International by 9,477.4% during the 2nd quarter. State Street Corp now owns 2,997,344 shares of the restaurant operator’s stock worth $198,711,000 after acquiring an additional 2,966,048 shares during the period. Sei Investments Co. lifted its position in Restaurant Brands International by 188.7% during the 2nd quarter. Sei Investments Co. now owns 52,335 shares of the restaurant operator’s stock worth $3,469,000 after acquiring an additional 34,210 shares during the period. Finally, Treasurer of the State of North Carolina acquired a new stake in Restaurant Brands International during the 2nd quarter worth about $10,019,000. Institutional investors and hedge funds own 82.29% of the company’s stock.

Insider Transactions at Restaurant Brands International

In other Restaurant Brands International news, insider Jill Granat sold 25,000 shares of the company’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $75.09, for a total transaction of $1,877,250.00. Following the transaction, the insider directly owned 478,845 shares in the company, valued at $35,956,471.05. This represents a 4.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey Housman sold 20,000 shares of the stock in a transaction on Friday, March 20th. The shares were sold at an average price of $73.48, for a total value of $1,469,600.00. Following the completion of the sale, the insider owned 162,077 shares in the company, valued at approximately $11,909,417.96. The trade was a 10.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 255,000 shares of company stock valued at $19,110,950 over the last three months. 1.22% of the stock is currently owned by company insiders.

Restaurant Brands International Price Performance

QSR stock opened at $74.99 on Monday. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.99 and a quick ratio of 0.90. The business has a 50 day simple moving average of $76.59 and a 200-day simple moving average of $72.54. The firm has a market capitalization of $26.05 billion, a PE ratio of 26.40, a price-to-earnings-growth ratio of 1.94 and a beta of 0.49. Restaurant Brands International Inc. has a 1 year low of $61.33 and a 1 year 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 earnings per share 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%.The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.75 earnings per share. Equities research analysts anticipate that Restaurant Brands International Inc. will post 4.07 earnings per share for the current fiscal year.

Restaurant Brands International Dividend Announcement

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

Wall Street Analysts Forecast Growth

QSR has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their price target on Restaurant Brands International from $77.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Scotiabank lifted their price target on Restaurant Brands International from $81.00 to $83.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 7th. Citigroup lowered their price target on Restaurant Brands International from $88.00 to $84.00 and set a “neutral” rating for the company in a research report on Thursday, May 7th. UBS Group lifted their price target on Restaurant Brands International from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Finally, KeyCorp boosted their price objective on Restaurant Brands International from $78.00 to $90.00 and gave the company an “overweight” rating in a report on Monday, April 20th. Seventeen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $83.54.

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.