Aigen Investment Management LP Takes Position in Restaurant Brands International Inc. $QSR

Aigen Investment Management LP bought a new stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) in the fourth quarter, Holdings Channel reports. The institutional investor bought 9,384 shares of the restaurant operator’s stock, valued at approximately $640,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of QSR. Lloyd Advisory Services LLC. bought a new position in shares of Restaurant Brands International during the 4th quarter valued at approximately $25,000. Larson Financial Group LLC raised its holdings in Restaurant Brands International by 1,922.2% during the 4th quarter. Larson Financial Group LLC now owns 364 shares of the restaurant operator’s stock valued at $25,000 after buying an additional 346 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in Restaurant Brands International during the 4th quarter valued at $29,000. UMB Bank n.a. raised its holdings in Restaurant Brands International by 50.4% during the 4th quarter. UMB Bank n.a. now owns 639 shares of the restaurant operator’s stock valued at $44,000 after buying an additional 214 shares during the period. Finally, Capital Analysts LLC raised its holdings in Restaurant Brands International by 20.6% during the 4th quarter. Capital Analysts LLC now owns 924 shares of the restaurant operator’s stock valued at $63,000 after buying an additional 158 shares during the period. 82.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on QSR shares. KeyCorp increased their price target on Restaurant Brands International from $78.00 to $90.00 and gave the company an “overweight” rating in a report on Monday, April 20th. 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 report on Thursday, May 7th. Scotia increased their price target on Restaurant Brands International from $81.00 to $83.00 and gave the company a “sector perform” rating in a report on Thursday, May 7th. Truist Financial increased their price target on Restaurant Brands International from $83.00 to $87.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Finally, Oppenheimer increased their price target on Restaurant Brands International from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Wednesday, March 18th. Seventeen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $83.54.

Restaurant Brands International Stock Performance

QSR stock opened at $74.99 on Monday. The company has a quick ratio of 0.90, a current ratio of 0.99 and a debt-to-equity ratio of 2.55. The business’s fifty day simple moving average is $76.59 and its two-hundred day simple moving average is $72.54. Restaurant Brands International Inc. has a twelve month low of $61.33 and a twelve month high of $81.96. The firm has a market cap of $26.05 billion, a price-to-earnings ratio of 26.40, a PEG ratio of 1.94 and a beta of 0.49.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its earnings results on Wednesday, May 6th. The restaurant operator reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.03. Restaurant Brands International had a return on equity of 32.80% and a net margin of 9.96%.The business had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same quarter last year, the firm posted $0.75 earnings per share. The business’s revenue was up 7.3% compared to the same quarter last year. Analysts predict that Restaurant Brands International Inc. will post 4.07 earnings per share for the current year.

Restaurant Brands International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Tuesday, June 23rd will be paid a $0.65 dividend. The ex-dividend date is Tuesday, June 23rd. This represents a $2.60 dividend on an annualized basis and a yield of 3.5%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 91.55%.

Insiders Place Their Bets

In other news, CEO Joshua Kobza sold 200,000 shares of the firm’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $75.05, for a total transaction 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 trade represents a 17.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jill Granat sold 25,000 shares of the firm’s stock in a transaction on 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 transaction, the insider owned 478,845 shares in the company, valued at approximately $35,956,471.05. This represents a 4.96% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 255,000 shares of company stock worth $19,110,950. 1.22% of the stock is currently owned by company insiders.

About Restaurant Brands International

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.