Restaurant Brands International Inc. (NYSE:QSR) Shares Acquired by Argonautica Private Wealth Management Inc.

Argonautica Private Wealth Management Inc. grew its position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 14.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,091 shares of the restaurant operator’s stock after purchasing an additional 656 shares during the period. Argonautica Private Wealth Management Inc.’s holdings in Restaurant Brands International were worth $339,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Dunhill Financial LLC boosted its position in Restaurant Brands International by 100.0% during the fourth quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 200 shares in the last quarter. HM Payson & Co. purchased a new stake in Restaurant Brands International during the 1st quarter worth about $26,000. Private Trust Co. NA lifted its holdings in shares of Restaurant Brands International by 96.6% in the 1st quarter. Private Trust Co. NA now owns 519 shares of the restaurant operator’s stock valued at $35,000 after purchasing an additional 255 shares during the last quarter. Larson Financial Group LLC increased its position in Restaurant Brands International by 438.6% in the 1st quarter. Larson Financial Group LLC now owns 781 shares of the restaurant operator’s stock valued at $52,000 after acquiring an additional 636 shares during the period. Finally, Physician Wealth Advisors Inc. acquired a new position in Restaurant Brands International during the 4th quarter worth approximately $60,000. 82.29% of the stock is owned by institutional investors and hedge funds.

Restaurant Brands International Stock Performance

QSR opened at $71.16 on Thursday. The firm’s fifty day simple moving average is $68.74 and its two-hundred day simple moving average is $65.88. The company has a quick ratio of 0.90, a current ratio of 0.96 and a debt-to-equity ratio of 2.84. The company has a market cap of $23.32 billion, a price-to-earnings ratio of 24.12, a PEG ratio of 2.22 and a beta of 0.58. Restaurant Brands International Inc. has a 52-week low of $58.71 and a 52-week high of $74.09.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings data on Thursday, May 8th. The restaurant operator reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.03). The business had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2.17 billion. Restaurant Brands International had a net margin of 10.82% and a return on equity of 28.94%. The company’s revenue for the quarter was up 21.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.73 EPS. Equities analysts anticipate that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 8th. Shareholders of record on Tuesday, June 24th were paid a dividend of $0.62 per share. The ex-dividend date was Tuesday, June 24th. This represents a $2.48 annualized dividend and a dividend yield of 3.48%. Restaurant Brands International’s dividend payout ratio is currently 84.07%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on QSR shares. Loop Capital reiterated a “buy” rating on shares of Restaurant Brands International in a research note on Thursday, June 26th. Bank of America reduced their price objective on shares of Restaurant Brands International from $62.00 to $60.00 and set an “underperform” rating for the company in a research note on Friday, July 18th. Oppenheimer boosted their price objective on shares of Restaurant Brands International from $77.00 to $80.00 and gave the stock an “outperform” rating in a report on Tuesday, May 27th. Guggenheim upped their target price on shares of Restaurant Brands International from $71.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, April 4th. Finally, Citigroup lowered their target price on shares of Restaurant Brands International from $67.00 to $66.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $75.65.

Insider Activity

In related news, insider Jacqueline Friesner sold 70,000 shares of the firm’s stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $70.08, for a total value of $4,905,600.00. Following the sale, the insider directly owned 182,897 shares of the company’s stock, valued at approximately $12,817,421.76. This trade represents a 27.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.36% of the stock is owned by corporate insiders.

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.