Orion Porfolio Solutions LLC Purchases 11,074 Shares of Restaurant Brands International Inc. $QSR

Orion Porfolio Solutions LLC raised its position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 47.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 34,576 shares of the restaurant operator’s stock after purchasing an additional 11,074 shares during the period. Orion Porfolio Solutions LLC’s holdings in Restaurant Brands International were worth $2,292,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of QSR. Hudson Bay Capital Management LP bought a new position in shares of Restaurant Brands International during the second quarter worth $14,657,000. Geneos Wealth Management Inc. raised its stake in Restaurant Brands International by 5,759.3% during the 2nd quarter. Geneos Wealth Management Inc. now owns 6,621 shares of the restaurant operator’s stock worth $439,000 after buying an additional 6,508 shares during the period. Public Sector Pension Investment Board raised its stake in Restaurant Brands International by 1.3% during the 2nd quarter. Public Sector Pension Investment Board now owns 31,745 shares of the restaurant operator’s stock worth $2,102,000 after buying an additional 400 shares during the period. JCP Investment Management LLC lifted its holdings in Restaurant Brands International by 21.1% during the second quarter. JCP Investment Management LLC now owns 290,438 shares of the restaurant operator’s stock worth $19,253,000 after acquiring an additional 50,555 shares in the last quarter. Finally, Duquesne Family Office LLC acquired a new position in Restaurant Brands International in the second quarter valued at about $49,784,000. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Chairman J Patrick Doyle sold 43,597 shares of the stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $69.80, for a total value of $3,043,070.60. Following the completion of the sale, the chairman owned 193,855 shares of the company’s stock, valued at approximately $13,531,079. This represents a 18.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Sami A. Siddiqui sold 10,913 shares of the firm’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $70.87, for a total transaction of $773,404.31. Following the completion of the transaction, the chief financial officer directly owned 10,609 shares of the company’s stock, valued at $751,859.83. This represents a 50.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 131,807 shares of company stock valued at $9,308,973. Corporate insiders own 1.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Scotiabank raised their price target on Restaurant Brands International from $73.00 to $74.00 and gave the stock a “sector perform” rating in a research report on Friday, October 31st. Royal Bank Of Canada restated an “outperform” rating and set a $82.00 target price on shares of Restaurant Brands International in a report on Tuesday, December 9th. Robert W. Baird upped their price target on shares of Restaurant Brands International from $68.00 to $72.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Citigroup increased their price objective on shares of Restaurant Brands International from $72.00 to $74.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Restaurant Brands International in a research report on Wednesday, October 8th. Ten investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Restaurant Brands International has a consensus rating of “Hold” and an average target price of $75.45.

Restaurant Brands International Price Performance

NYSE QSR opened at $70.02 on Friday. Restaurant Brands International Inc. has a 12-month low of $58.71 and a 12-month high of $73.70. The firm’s 50 day moving average is $69.18 and its 200-day moving average is $67.32. The company has a market capitalization of $22.95 billion, a PE ratio of 24.92, a price-to-earnings-growth ratio of 2.78 and a beta of 0.60. The company has a quick ratio of 0.98, a current ratio of 1.06 and a debt-to-equity ratio of 2.65.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its earnings results on Thursday, October 30th. The restaurant operator reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.03. Restaurant Brands International had a net margin of 9.95% and a return on equity of 32.43%. The business had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter last year, the firm earned $0.93 earnings per share. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. Equities research analysts anticipate that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Tuesday, December 23rd will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 3.5%. The ex-dividend date is Tuesday, December 23rd. Restaurant Brands International’s dividend payout ratio is presently 88.26%.

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.