One68 Global Capital LLC Invests $697,000 in Restaurant Brands International Inc. (NYSE:QSR)

One68 Global Capital LLC acquired a new position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) in the 4th quarter, HoldingsChannel reports. The fund acquired 10,700 shares of the restaurant operator’s stock, valued at approximately $697,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Capital World Investors increased its stake in Restaurant Brands International by 2.0% in the 4th quarter. Capital World Investors now owns 43,418,188 shares of the restaurant operator’s stock valued at $2,829,974,000 after purchasing an additional 841,167 shares in the last quarter. Vanguard Group Inc. increased its stake in Restaurant Brands International by 3.3% in the 4th quarter. Vanguard Group Inc. now owns 13,165,498 shares of the restaurant operator’s stock valued at $858,101,000 after purchasing an additional 421,873 shares in the last quarter. Norges Bank purchased a new position in Restaurant Brands International in the 4th quarter valued at approximately $264,813,000. Meritage Group LP increased its stake in Restaurant Brands International by 5,795.9% in the 4th quarter. Meritage Group LP now owns 3,301,689 shares of the restaurant operator’s stock valued at $215,204,000 after purchasing an additional 3,245,689 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in Restaurant Brands International by 29.5% in the 4th quarter. Canada Pension Plan Investment Board now owns 2,981,357 shares of the restaurant operator’s stock valued at $194,069,000 after purchasing an additional 679,000 shares in the last quarter. 82.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

QSR has been the topic of a number of recent research reports. Barclays reduced their target price on shares of Restaurant Brands International from $83.00 to $80.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. Jefferies Financial Group reduced their target price on shares of Restaurant Brands International from $73.00 to $67.00 and set an “equal weight” rating on the stock in a report on Thursday, January 30th. Guggenheim increased their price objective on shares of Restaurant Brands International from $71.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, April 4th. Wells Fargo & Company cut their price objective on shares of Restaurant Brands International from $69.00 to $66.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 22nd. Finally, Oppenheimer cut their price objective on shares of Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $76.04.

Insider Buying and Selling at Restaurant Brands International

In related news, CFO Sami A. Siddiqui sold 12,500 shares of Restaurant Brands International stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $68.12, for a total transaction of $851,500.00. Following the transaction, the chief financial officer now directly owns 235,228 shares of the company’s stock, valued at $16,023,731.36. This trade represents a 5.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Duncan Fulton sold 15,974 shares of Restaurant Brands International stock in a transaction on Friday, February 21st. The stock was sold at an average price of $62.48, for a total transaction of $998,055.52. Following the sale, the insider now owns 45,248 shares of the company’s stock, valued at $2,827,095.04. The trade was a 26.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 278,716 shares of company stock worth $17,740,281. Insiders own 1.36% of the company’s stock.

Restaurant Brands International Price Performance

Shares of Restaurant Brands International stock opened at $63.83 on Wednesday. Restaurant Brands International Inc. has a 12-month low of $58.71 and a 12-month high of $77.24. The firm has a market cap of $20.91 billion, a PE ratio of 20.07, a price-to-earnings-growth ratio of 1.77 and a beta of 0.72. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75. The company’s fifty day simple moving average is $64.91 and its two-hundred day simple moving average is $66.04.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings data on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.29). Restaurant Brands International had a net margin of 12.15% and a return on equity of 28.53%. As a group, equities analysts expect that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 21st were paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 3.89%. The ex-dividend date of this dividend was Friday, March 21st. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.58. Restaurant Brands International’s dividend payout ratio (DPR) is 77.99%.

Restaurant Brands International Company 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.