Donoghue Forlines LLC Takes $2.21 Million Position in Restaurant Brands International Inc. $QSR

Donoghue Forlines LLC purchased a new stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 32,389 shares of the restaurant operator’s stock, valued at approximately $2,210,000.

Several other large investors have also modified their holdings of the business. D.A. Davidson & CO. lifted its stake in shares of Restaurant Brands International by 1.9% in the 4th quarter. D.A. Davidson & CO. now owns 8,451 shares of the restaurant operator’s stock valued at $577,000 after purchasing an additional 154 shares during the last quarter. Legacy Wealth Asset Management LLC lifted its stake in shares of Restaurant Brands International by 2.0% in the 4th quarter. Legacy Wealth Asset Management LLC now owns 8,029 shares of the restaurant operator’s stock valued at $548,000 after purchasing an additional 161 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in shares of Restaurant Brands International by 0.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 57,512 shares of the restaurant operator’s stock valued at $3,967,000 after purchasing an additional 194 shares during the last quarter. ASR Vermogensbeheer N.V. lifted its stake in shares of Restaurant Brands International by 1.6% in the 3rd quarter. ASR Vermogensbeheer N.V. now owns 13,583 shares of the restaurant operator’s stock valued at $872,000 after purchasing an additional 219 shares during the last quarter. Finally, Cresset Asset Management LLC lifted its stake in shares of Restaurant Brands International by 4.4% in the 3rd quarter. Cresset Asset Management LLC now owns 5,336 shares of the restaurant operator’s stock valued at $346,000 after purchasing an additional 225 shares during the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Joshua Kobza sold 200,000 shares of the stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $75.05, for a total value of $15,010,000.00. Following the transaction, the chief executive officer owned 960,769 shares in the company, valued at approximately $72,105,713.45. This represents a 17.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jill Granat sold 25,000 shares of the stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $75.09, for a total value of $1,877,250.00. Following the completion of the transaction, the insider owned 478,845 shares in the company, valued at approximately $35,956,471.05. The trade was a 4.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 441,490 shares of company stock worth $32,375,140. 1.25% of the stock is currently owned by company insiders.

Analyst Ratings Changes

QSR has been the topic of several recent analyst reports. Sanford C. Bernstein set a $82.00 price target on Restaurant Brands International in a research note on Friday, February 13th. Weiss Ratings raised Restaurant Brands International from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday. Barclays boosted their price target on shares of Restaurant Brands International from $85.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Oppenheimer boosted their price target on shares of Restaurant Brands International from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 18th. Finally, Royal Bank Of Canada boosted their price target on shares of Restaurant Brands International from $83.00 to $90.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 21st. Sixteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Restaurant Brands International presently has an average rating of “Moderate Buy” and an average price target of $83.33.

Restaurant Brands International Price Performance

QSR stock opened at $76.42 on Friday. 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 firm has a market capitalization of $26.54 billion, a P/E ratio of 26.91, a P/E/G ratio of 1.98 and a beta of 0.53. The business’s 50-day moving average is $76.28 and its two-hundred day moving average is $71.61. 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 posted its quarterly earnings results on Wednesday, May 6th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.03. The company had revenue of $2.26 billion for 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%.Restaurant Brands International’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.75 EPS. Analysts anticipate that Restaurant Brands International Inc. will post 4.06 earnings per share for the current fiscal year.

Restaurant Brands International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Tuesday, June 23rd will be issued a $0.65 dividend. The ex-dividend date is Tuesday, June 23rd. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.4%. Restaurant Brands International’s dividend payout ratio is presently 91.55%.

Restaurant Brands International 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.