Chesapeake Capital Corp IL Purchases New Position in Restaurant Brands International Inc. $QSR

Chesapeake Capital Corp IL purchased a new stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 8,101 shares of the restaurant operator’s stock, valued at approximately $553,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Generali Asset Management SPA SGR boosted its stake in Restaurant Brands International by 10.6% during the fourth quarter. Generali Asset Management SPA SGR now owns 8,965 shares of the restaurant operator’s stock valued at $612,000 after buying an additional 857 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in Restaurant Brands International by 10.9% during the fourth quarter. Sequoia Financial Advisors LLC now owns 8,929 shares of the restaurant operator’s stock valued at $609,000 after buying an additional 874 shares during the last quarter. Benjamin Edwards Inc. boosted its stake in Restaurant Brands International by 8.8% during the fourth quarter. Benjamin Edwards Inc. now owns 5,659 shares of the restaurant operator’s stock valued at $386,000 after buying an additional 460 shares during the last quarter. Davis Selected Advisers boosted its stake in Restaurant Brands International by 13.5% during the fourth quarter. Davis Selected Advisers now owns 4,020,791 shares of the restaurant operator’s stock valued at $274,340,000 after buying an additional 478,403 shares during the last quarter. Finally, Oppenheimer & Co. Inc. boosted its stake in Restaurant Brands International by 2.0% during the fourth quarter. Oppenheimer & Co. Inc. now owns 35,205 shares of the restaurant operator’s stock valued at $2,402,000 after buying an additional 681 shares during the last quarter. 82.29% of the stock is owned by institutional investors.

Insider Activity at Restaurant Brands International

In other Restaurant Brands International news, insider Axel Schwan sold 34,939 shares of the firm’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $67.51, for a total transaction of $2,358,731.89. Following the transaction, the insider directly owned 194,984 shares in the company, valued at $13,163,369.84. This trade represents a 15.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jacqueline Friesner sold 30,000 shares of the firm’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $74.61, for a total value of $2,238,300.00. Following the transaction, the insider owned 165,727 shares in the company, valued at $12,364,891.47. The trade was a 15.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 441,490 shares of company stock worth $32,375,140 over the last three months. Corporate insiders own 1.25% of the company’s stock.

More Restaurant Brands International News

Here are the key news stories impacting Restaurant Brands International this week:

• Positive Sentiment: Restaurant Brands International beat Q1 expectations, posting $0.86 EPS versus $0.83 expected and revenue of $2.26 billion versus $2.24 billion expected, with revenue up 7.3% year over year. Article Title
• Positive Sentiment: Analysts lifted targets after the earnings beat, including Scotiabank to $83, TD Cowen to $79, Wells Fargo to $80, and Robert W. Baird to $80, which supports the stock’s recent strength. Article Title
• Neutral Sentiment: Scotiabank maintained a “sector perform” rating and other firms kept neutral/equal-weight views, suggesting the rally is being tempered by cautious longer-term expectations. Article Title
• Neutral Sentiment: Restaurant Brands also declared a quarterly dividend of $0.65 per share, reinforcing its income appeal for investors. Article Title

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on QSR. Weiss Ratings reissued a “hold (c+)” rating on shares of Restaurant Brands International in a research note on Thursday, January 22nd. Scotiabank increased their price target on Restaurant Brands International from $81.00 to $83.00 and gave the company a “sector perform” rating in a research note on Thursday. Oppenheimer raised their price objective on Restaurant Brands International from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Wednesday, March 18th. Scotia raised their price objective on Restaurant Brands International from $81.00 to $83.00 and gave the company a “sector perform” rating in a research note on Thursday. Finally, Barclays raised their price objective on Restaurant Brands International from $85.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday. Sixteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $83.33.

Restaurant Brands International Trading Up 0.7%

QSR opened at $79.71 on Friday. The stock’s fifty day moving average is $75.55 and its two-hundred day moving average is $71.25. The company has a market capitalization of $27.69 billion, a P/E ratio of 28.07, a PEG ratio of 2.22 and a beta of 0.53. Restaurant Brands International Inc. has a 52 week low of $61.33 and a 52 week high of $81.96. The company has a quick ratio of 0.91, a current ratio of 0.99 and a debt-to-equity ratio of 2.55.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data on Wednesday, May 6th. The restaurant operator reported $0.86 EPS for the quarter, topping the consensus estimate of $0.83 by $0.03. The company had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.24 billion. Restaurant Brands International had a return on equity of 32.80% and a net margin of 9.96%.Restaurant Brands International’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period last year, the business posted $0.75 EPS. Analysts forecast that Restaurant Brands International Inc. will post 4.05 earnings per share for the current year.

Restaurant Brands International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Tuesday, June 23rd will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 3.3%. The ex-dividend date is Tuesday, June 23rd. Restaurant Brands International’s dividend payout ratio (DPR) is presently 91.55%.

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.