Aigen Investment Management LP Lowers Stock Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Aigen Investment Management LP lowered its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 64.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,576 shares of the restaurant operator’s stock after selling 6,545 shares during the quarter. Aigen Investment Management LP’s holdings in Restaurant Brands International were worth $238,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its holdings in shares of Restaurant Brands International by 55.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 70,857 shares of the restaurant operator’s stock worth $4,759,000 after buying an additional 25,292 shares during the last quarter. Private Trust Co. NA grew its holdings in shares of Restaurant Brands International by 96.6% during the first quarter. Private Trust Co. NA now owns 519 shares of the restaurant operator’s stock worth $35,000 after buying an additional 255 shares during the last quarter. Canoe Financial LP grew its holdings in shares of Restaurant Brands International by 14.4% during the first quarter. Canoe Financial LP now owns 2,307,351 shares of the restaurant operator’s stock worth $153,834,000 after buying an additional 291,269 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Restaurant Brands International by 8.7% during the first quarter. Janney Montgomery Scott LLC now owns 5,889 shares of the restaurant operator’s stock worth $392,000 after buying an additional 470 shares during the last quarter. Finally, Advisor Resource Council purchased a new position in shares of Restaurant Brands International during the first quarter worth about $333,000. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Insider Buying and Selling at Restaurant Brands International

In other Restaurant Brands International news, insider Jacqueline Friesner sold 70,000 shares of the stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $70.08, for a total transaction of $4,905,600.00. Following the transaction, the insider owned 182,897 shares of the company’s stock, valued at $12,817,421.76. This represents a 27.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.25% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

QSR has been the topic of a number of research reports. Oppenheimer raised their price target on Restaurant Brands International from $77.00 to $80.00 and gave the stock an “outperform” rating in a report on Tuesday, May 27th. Loop Capital reaffirmed a “buy” rating on shares of Restaurant Brands International in a report on Thursday, June 26th. Piper Sandler lowered their price objective on Restaurant Brands International from $72.00 to $70.00 and set a “neutral” rating on the stock in a report on Friday, August 8th. UBS Group lowered their price objective on Restaurant Brands International from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Monday, May 5th. Finally, Bank of America lowered their price objective on Restaurant Brands International from $62.00 to $60.00 and set an “underperform” rating on the stock in a report on Friday, July 18th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $75.04.

Restaurant Brands International Price Performance

QSR stock opened at $65.17 on Friday. Restaurant Brands International Inc. has a 1 year low of $58.71 and a 1 year high of $74.09. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.95 and a current ratio of 1.01. The stock’s 50 day moving average price is $67.64 and its 200 day moving average price is $66.53. The firm has a market cap of $21.36 billion, a P/E ratio of 24.68, a PEG ratio of 2.82 and a beta of 0.58.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results on Thursday, August 7th. The restaurant operator reported $0.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.03). Restaurant Brands International had a net margin of 9.43% and a return on equity of 29.54%. The company had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.33 billion. During the same period in the previous year, the company posted $0.86 EPS. Restaurant Brands International’s quarterly revenue was up 15.9% compared to the same quarter last year. On average, sell-side analysts expect that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Tuesday, September 23rd will be paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Tuesday, September 23rd. Restaurant Brands International’s dividend payout ratio is currently 93.94%.

Restaurant Brands International 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.