Restaurant Brands International Inc. (QSR) Position Lessened by Valiant Capital Management L.P.

Valiant Capital Management L.P. lowered its position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 25.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 703,200 shares of the restaurant operator’s stock after selling 246,100 shares during the period. Restaurant Brands International comprises approximately 3.5% of Valiant Capital Management L.P.’s holdings, making the stock its 8th largest position. Valiant Capital Management L.P. owned 0.30% of Restaurant Brands International worth $44,920,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its holdings in shares of Restaurant Brands International by 0.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,840,422 shares of the restaurant operator’s stock valued at $115,100,000 after purchasing an additional 10,625 shares during the last quarter. Stevens Capital Management LP bought a new position in shares of Restaurant Brands International during the 3rd quarter valued at about $1,003,000. Tower Research Capital LLC TRC boosted its holdings in shares of Restaurant Brands International by 82.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,446 shares of the restaurant operator’s stock valued at $280,000 after purchasing an additional 1,560 shares during the last quarter. Highstreet Asset Management Inc. raised its position in shares of Restaurant Brands International by 40.0% during the 3rd quarter. Highstreet Asset Management Inc. now owns 52,563 shares of the restaurant operator’s stock valued at $3,358,000 after buying an additional 15,012 shares in the last quarter. Finally, Newbrook Capital Advisors LP raised its position in shares of Restaurant Brands International by 14.8% during the 2nd quarter. Newbrook Capital Advisors LP now owns 1,044,604 shares of the restaurant operator’s stock valued at $65,375,000 after buying an additional 134,538 shares in the last quarter. 78.39% of the stock is owned by institutional investors.

Several brokerages have recently issued reports on QSR. Zacks Investment Research cut shares of Restaurant Brands International from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. BidaskClub upgraded shares of Restaurant Brands International from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Citigroup upped their target price on shares of Restaurant Brands International from $71.00 to $78.00 and gave the company a “buy” rating in a research report on Monday, November 6th. OTR Global raised shares of Restaurant Brands International to a “positive” rating in a research report on Monday, October 16th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $69.00 price objective on shares of Restaurant Brands International in a research report on Monday, September 11th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $69.88.

In other news, major shareholder Restaurant Brands Holdings 3G sold 4,050,594 shares of the stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $64.70, for a total transaction of $262,073,431.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Paul J. Fribourg bought 384,024 shares of the stock in a transaction on Wednesday, November 8th. The stock was purchased at an average price of $65.10 per share, with a total value of $24,999,962.40. Following the completion of the purchase, the director now owns 165,848 shares of the company’s stock, valued at $10,796,704.80. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 5,249,909 shares of company stock worth $339,590,312. Insiders own 3.05% of the company’s stock.

Restaurant Brands International Inc. (NYSE QSR) opened at $61.08 on Friday. The company has a debt-to-equity ratio of 2.70, a current ratio of 3.45 and a quick ratio of 3.38. The company has a market cap of $14,439.61, a PE ratio of 32.16, a price-to-earnings-growth ratio of 1.81 and a beta of 1.69. Restaurant Brands International Inc. has a one year low of $46.88 and a one year high of $68.89.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Thursday, October 26th. The restaurant operator reported $0.58 EPS for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.09. Restaurant Brands International had a net margin of 12.40% and a return on equity of 23.53%. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the prior year, the firm earned $0.43 EPS. The company’s revenue for the quarter was up 12.4% compared to the same quarter last year. sell-side analysts anticipate that Restaurant Brands International Inc. will post 1.99 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Friday, December 15th will be paid a dividend of $0.21 per share. The ex-dividend date is Thursday, December 14th. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.38%. Restaurant Brands International’s dividend payout ratio (DPR) is currently 55.17%.

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Restaurant Brands International Profile

Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company had over 20,000 restaurants in more than 100 countries and the United States territories, as of December 31, 2016. It operates through two segments: Tim Hortons (TH) and Burger King (BK). Tim Hortons restaurants are quick service restaurants with a menu that includes blend coffee, tea, espresso-based hot and cold specialty drinks, baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps and soups, among others.

Institutional Ownership by Quarter for Restaurant Brands International (NYSE:QSR)

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