HBK Investments L P Grows Stake in Restaurant Brands International (NYSE:QSR)

HBK Investments L P raised its position in Restaurant Brands International (NYSE:QSR) (TSE:QSR) by 236.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 111,600 shares of the restaurant operator’s stock after acquiring an additional 78,470 shares during the quarter. HBK Investments L P’s holdings in Restaurant Brands International were worth $6,861,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Suvretta Capital Management LLC increased its position in shares of Restaurant Brands International by 12.1% in the third quarter. Suvretta Capital Management LLC now owns 3,861,310 shares of the restaurant operator’s stock valued at $246,660,000 after acquiring an additional 415,540 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of Restaurant Brands International by 36.2% in the fourth quarter. The Manufacturers Life Insurance Company now owns 3,831,529 shares of the restaurant operator’s stock valued at $235,562,000 after acquiring an additional 1,017,863 shares during the period. TD Asset Management Inc. increased its position in shares of Restaurant Brands International by 6.3% in the third quarter. TD Asset Management Inc. now owns 3,535,175 shares of the restaurant operator’s stock valued at $225,342,000 after acquiring an additional 208,443 shares during the period. Two Creeks Capital Management LP boosted its stake in shares of Restaurant Brands International by 17.6% during the 4th quarter. Two Creeks Capital Management LP now owns 2,141,990 shares of the restaurant operator’s stock valued at $131,690,000 after purchasing an additional 320,686 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its stake in shares of Restaurant Brands International by 16.1% during the 3rd quarter. Great West Life Assurance Co. Can now owns 1,803,519 shares of the restaurant operator’s stock valued at $114,982,000 after purchasing an additional 250,316 shares in the last quarter. Hedge funds and other institutional investors own 78.11% of the company’s stock.

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A number of equities research analysts have recently weighed in on QSR shares. UBS set a $74.00 target price on shares of Restaurant Brands International and gave the company a “buy” rating in a research note on Tuesday, January 16th. Zacks Investment Research lowered shares of Restaurant Brands International from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Evercore ISI started coverage on shares of Restaurant Brands International in a research note on Monday, December 11th. They set an “outperform” rating and a $75.00 target price on the stock. Royal Bank of Canada lifted their target price on shares of Restaurant Brands International from $77.00 to $78.00 and gave the company an “outperform” rating in a research note on Tuesday, February 13th. Finally, Credit Suisse Group cut their target price on shares of Restaurant Brands International from $74.00 to $71.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 13th. Five research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $70.06.

In other news, insider Alexandre Macedo sold 51,870 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $59.31, for a total value of $3,076,409.70. Following the transaction, the insider now owns 92,192 shares in the company, valued at $5,467,907.52. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Heitor Goncalves sold 19,107 shares of the company’s stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $57.59, for a total transaction of $1,100,372.13. Following the completion of the transaction, the insider now owns 426,818 shares in the company, valued at approximately $24,580,448.62. The disclosure for this sale can be found here. In the last quarter, insiders sold 471,676 shares of company stock worth $27,885,174. Insiders own 3.05% of the company’s stock.

NYSE:QSR opened at $55.96 on Friday. Restaurant Brands International has a one year low of $54.00 and a one year high of $68.89. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.01 and a current ratio of 1.06. The stock has a market cap of $14,116.57, a P/E ratio of 26.65, a price-to-earnings-growth ratio of 1.48 and a beta of 1.47.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings data on Monday, February 12th. The restaurant operator reported $0.66 EPS for the quarter, topping the consensus estimate of $0.57 by $0.09. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.25 billion. Restaurant Brands International had a net margin of 12.70% and a return on equity of 24.56%. Restaurant Brands International’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.44 earnings per share. research analysts anticipate that Restaurant Brands International will post 2.65 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, April 2nd. Stockholders of record on Thursday, March 15th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend was Wednesday, March 14th. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.21. Restaurant Brands International’s dividend payout ratio is currently 85.71%.

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About Restaurant Brands International

Restaurant Brands International Inc owns, operates, and franchises quick service restaurants under the Tim Hortons (TH), Burger King (BK), and Popeyes (PLK) brand names. The company operates through three segments: TH, BK, and PLK. Its restaurants offer blend coffee, tea, espresso-based hot and cold specialty drinks, donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, hamburgers, chicken and other specialty sandwiches, french fries, soft drinks, chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other food items.

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

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