Aigen Investment Management LP Invests $369,000 in Restaurant Brands International Inc. (NYSE:QSR)

Aigen Investment Management LP bought a new position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,721 shares of the restaurant operator’s stock, valued at approximately $369,000.

Several other large investors also recently added to or reduced their stakes in QSR. Aviva PLC grew its holdings in shares of Restaurant Brands International by 1.3% during the 3rd quarter. Aviva PLC now owns 11,726 shares of the restaurant operator’s stock worth $784,000 after purchasing an additional 149 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Restaurant Brands International by 2.7% during the third quarter. PNC Financial Services Group Inc. now owns 6,348 shares of the restaurant operator’s stock valued at $423,000 after acquiring an additional 168 shares during the period. Rise Advisors LLC grew its position in shares of Restaurant Brands International by 88.3% during the 4th quarter. Rise Advisors LLC now owns 371 shares of the restaurant operator’s stock worth $29,000 after buying an additional 174 shares during the period. Sigma Planning Corp raised its position in shares of Restaurant Brands International by 2.4% during the 3rd quarter. Sigma Planning Corp now owns 7,800 shares of the restaurant operator’s stock valued at $520,000 after acquiring an additional 184 shares during the last quarter. Finally, Waldron Private Wealth LLC boosted its holdings in Restaurant Brands International by 4.5% during the fourth quarter. Waldron Private Wealth LLC now owns 4,647 shares of the restaurant operator’s stock worth $365,000 after buying an additional 199 shares during the last quarter. 82.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

QSR has been the subject of several research analyst reports. Loop Capital boosted their price target on shares of Restaurant Brands International from $86.00 to $93.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Truist Financial increased their price target on Restaurant Brands International from $87.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Evercore lifted their price target on Restaurant Brands International from $88.00 to $93.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Piper Sandler dropped their price objective on shares of Restaurant Brands International from $84.00 to $82.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 1st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Restaurant Brands International from $78.00 to $82.00 and gave the company an “overweight” rating in a report on Friday, February 16th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $83.56.

Restaurant Brands International Price Performance

QSR traded up $0.31 during trading on Friday, reaching $67.53. The company’s stock had a trading volume of 1,312,421 shares, compared to its average volume of 2,070,797. Restaurant Brands International Inc. has a 1 year low of $61.77 and a 1 year high of $83.29. The company has a market cap of $21.37 billion, a price-to-earnings ratio of 17.40, a PEG ratio of 2.07 and a beta of 0.92. The firm has a fifty day simple moving average of $74.19 and a two-hundred day simple moving average of $75.10. The company has a quick ratio of 1.00, a current ratio of 1.08 and a debt-to-equity ratio of 2.72.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Tuesday, April 30th. The restaurant operator reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.01. Restaurant Brands International had a net margin of 17.17% and a return on equity of 31.12%. The company had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same quarter last year, the firm posted $0.75 earnings per share. Restaurant Brands International’s revenue was up 9.4% compared to the same quarter last year. As a group, analysts anticipate that Restaurant Brands International Inc. will post 3.34 EPS for the current year.

Restaurant Brands International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 21st will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 3.44%. The ex-dividend date is Friday, June 21st. Restaurant Brands International’s payout ratio is currently 59.79%.

Insider Transactions at Restaurant Brands International

In other news, insider Jill Granat sold 80,332 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $76.20, for a total transaction of $6,121,298.40. Following the sale, the insider now owns 410,759 shares of the company’s stock, valued at approximately $31,299,835.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Ali Hedayat sold 8,537 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $74.75, for a total transaction of $638,140.75. Following the transaction, the director now directly owns 22,881 shares of the company’s stock, valued at $1,710,354.75. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jill Granat sold 80,332 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $76.20, for a total transaction of $6,121,298.40. Following the sale, the insider now directly owns 410,759 shares of the company’s stock, valued at approximately $31,299,835.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 335,065 shares of company stock worth $25,265,992. Company insiders own 1.25% of the company’s stock.

Restaurant Brands International Profile

Restaurant Brands International Inc operates as a quick-service restaurant company in Canada, the United States, and internationally. It operates through four segments: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), and Firehouse Subs (FHS). The company owns and franchises TH chain of donut/coffee/tea restaurants that offer blend coffee, tea, and espresso-based hot and cold specialty drinks; and fresh baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, and other food products.