18,432 Shares in Restaurant Brands International Inc. $QSR Purchased by Blueshift Asset Management LLC

Blueshift Asset Management LLC bought a new stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) in the second quarter, Holdings Channel reports. The fund bought 18,432 shares of the restaurant operator’s stock, valued at approximately $1,222,000.

Several other large investors have also recently made changes to their positions in QSR. Legend Financial Advisors Inc. bought a new stake in shares of Restaurant Brands International in the 2nd quarter worth approximately $33,000. CX Institutional raised its stake in Restaurant Brands International by 928.0% during the second quarter. CX Institutional now owns 514 shares of the restaurant operator’s stock valued at $34,000 after buying an additional 464 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in Restaurant Brands International by 91.2% during the first quarter. Smartleaf Asset Management LLC now owns 545 shares of the restaurant operator’s stock valued at $35,000 after buying an additional 260 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new stake in Restaurant Brands International in the second quarter worth $36,000. Finally, UMB Bank n.a. grew its stake in shares of Restaurant Brands International by 49.3% in the second quarter. UMB Bank n.a. now owns 606 shares of the restaurant operator’s stock worth $40,000 after acquiring an additional 200 shares during the last quarter. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Restaurant Brands International

In related news, Chairman J Patrick Doyle sold 43,597 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $69.80, for a total transaction of $3,043,070.60. Following the completion of the sale, the chairman directly owned 193,855 shares in the company, valued at approximately $13,531,079. The trade was a 18.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ali Hedayat sold 7,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $72.77, for a total transaction of $509,390.00. Following the sale, the director directly owned 18,962 shares of the company’s stock, valued at approximately $1,379,864.74. This represents a 26.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.25% of the company’s stock.

Restaurant Brands International Trading Down 1.2%

NYSE:QSR opened at $71.53 on Tuesday. The company has a market cap of $23.45 billion, a PE ratio of 25.46, a price-to-earnings-growth ratio of 2.88 and a beta of 0.60. The company has a current ratio of 1.06, a quick ratio of 0.98 and a debt-to-equity ratio of 2.65. The company has a 50 day simple moving average of $67.83 and a two-hundred day simple moving average of $67.24. Restaurant Brands International Inc. has a 12 month low of $58.71 and a 12 month high of $73.13.

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

Restaurant Brands International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Tuesday, December 23rd will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Tuesday, December 23rd. Restaurant Brands International’s dividend payout ratio (DPR) is presently 88.26%.

Wall Street Analyst Weigh In

QSR has been the subject of several recent analyst reports. Robert W. Baird lifted their target price on shares of Restaurant Brands International from $68.00 to $72.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Citigroup raised their price target on shares of Restaurant Brands International from $72.00 to $74.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. Barclays lowered their price objective on Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating on the stock in a research report on Friday, August 8th. Piper Sandler cut their target price on Restaurant Brands International from $72.00 to $70.00 and set a “neutral” rating on the stock in a research note on Friday, August 8th. Finally, Oppenheimer reissued an “outperform” rating and issued a $80.00 target price on shares of Restaurant Brands International in a report on Tuesday, November 25th. Nine investment analysts have rated the stock with a Buy rating, thirteen have issued 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 $74.76.

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.