Machina Capital S.A.S. Purchases Shares of 18,931 Restaurant Brands International Inc. $QSR

Machina Capital S.A.S. acquired a new position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 18,931 shares of the restaurant operator’s stock, valued at approximately $1,214,000.

Several other institutional investors and hedge funds have also modified their holdings of QSR. Alta Capital Management LLC grew its position in Restaurant Brands International by 5.0% during the 3rd quarter. Alta Capital Management LLC now owns 154,856 shares of the restaurant operator’s stock worth $9,932,000 after acquiring an additional 7,337 shares during the last quarter. Allianz Asset Management GmbH grew its holdings in shares of Restaurant Brands International by 10.0% during the third quarter. Allianz Asset Management GmbH now owns 16,327 shares of the restaurant operator’s stock worth $1,047,000 after purchasing an additional 1,484 shares during the last quarter. Nichols & Pratt Advisers LLP MA increased its stake in shares of Restaurant Brands International by 3.1% in the third quarter. Nichols & Pratt Advisers LLP MA now owns 43,169 shares of the restaurant operator’s stock valued at $2,769,000 after buying an additional 1,296 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Restaurant Brands International by 30.4% in the third quarter. Jones Financial Companies Lllp now owns 4,106 shares of the restaurant operator’s stock valued at $267,000 after buying an additional 958 shares during the last quarter. Finally, Lebenthal Global Advisors LLC raised its holdings in shares of Restaurant Brands International by 82.3% in the third quarter. Lebenthal Global Advisors LLC now owns 12,735 shares of the restaurant operator’s stock valued at $817,000 after buying an additional 5,749 shares during the last quarter. 82.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Joshua Kobza sold 3,443 shares of Restaurant Brands International stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $67.44, for a total transaction of $232,195.92. Following the transaction, the chief executive officer directly owned 952,620 shares of the company’s stock, valued at $64,244,692.80. This trade represents a 0.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Thiago T. Santelmo sold 699 shares of the business’s stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $67.44, for a total transaction of $47,140.56. Following the completion of the transaction, the insider directly owned 64,088 shares of the company’s stock, valued at $4,322,094.72. This trade represents a 1.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 145,508 shares of company stock worth $10,233,040 over the last ninety days. Company insiders own 1.25% of the company’s stock.

Restaurant Brands International Stock Performance

QSR stock opened at $69.26 on Thursday. 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 Inc. has a twelve month low of $58.71 and a twelve month high of $73.70. The business’s fifty day moving average is $69.38 and its 200-day moving average is $67.45. The company has a market cap of $23.99 billion, a P/E ratio of 24.65, a price-to-earnings-growth ratio of 2.42 and a beta of 0.58.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Robert W. Baird raised their price objective on shares of Restaurant Brands International from $68.00 to $72.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Oppenheimer reissued an “outperform” rating and issued a $80.00 price target on shares of Restaurant Brands International in a report on Tuesday, November 25th. Weiss Ratings restated a “hold (c+)” rating on shares of Restaurant Brands International in a research report on Thursday, January 22nd. Argus upgraded Restaurant Brands International from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a research report on Tuesday, December 2nd. Finally, Sanford C. Bernstein restated an “overweight” rating and set a $86.00 target price on shares of Restaurant Brands International in a research report on Wednesday, January 7th. Eleven investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $76.95.

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.