Leonteq Securities AG Invests $499,000 in Restaurant Brands International Inc. $QSR

Leonteq Securities AG bought a new position in shares of Restaurant Brands International Inc. (NYSE:QSRFree Report) (TSE:QSR) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 7,312 shares of the restaurant operator’s stock, valued at approximately $499,000.

Several other hedge funds and other institutional investors have also made changes to their positions in QSR. AQR Capital Management LLC acquired a new stake in shares of Restaurant Brands International during the 1st quarter worth about $237,000. WINTON GROUP Ltd purchased a new stake in shares of Restaurant Brands International during the 2nd quarter worth approximately $265,000. State Street Corp lifted its position in shares of Restaurant Brands International by 9,477.4% during the 2nd quarter. State Street Corp now owns 2,997,344 shares of the restaurant operator’s stock worth $198,711,000 after buying an additional 2,966,048 shares during the last quarter. Sei Investments Co. lifted its position in shares of Restaurant Brands International by 188.7% during the 2nd quarter. Sei Investments Co. now owns 52,335 shares of the restaurant operator’s stock worth $3,469,000 after buying an additional 34,210 shares during the last quarter. Finally, Treasurer of the State of North Carolina purchased a new position in shares of Restaurant Brands International in the 2nd quarter valued at $10,019,000. Institutional investors and hedge funds own 82.29% of the company’s stock.

More Restaurant Brands International News

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Insider Buying and Selling

In other Restaurant Brands International news, insider Axel Schwan sold 34,939 shares of Restaurant Brands International stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $67.51, for a total value of $2,358,731.89. Following the transaction, the insider directly owned 194,984 shares in the company, valued at approximately $13,163,369.84. This trade represents a 15.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jill Granat sold 25,000 shares of Restaurant Brands International stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $75.09, for a total value of $1,877,250.00. Following the completion of the transaction, the insider owned 478,845 shares in the company, valued at $35,956,471.05. This trade represents a 4.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 441,490 shares of company stock worth $32,375,140. 1.25% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

QSR has been the topic of a number of recent analyst reports. Guggenheim increased their target price on shares of Restaurant Brands International from $79.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Weiss Ratings raised shares of Restaurant Brands International from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Wells Fargo & Company increased their target price on shares of Restaurant Brands International from $75.00 to $80.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. Piper Sandler raised shares of Restaurant Brands International from a “neutral” rating to an “overweight” rating and increased their target price for the company from $71.00 to $84.00 in a research report on Monday, March 2nd. Finally, TD Cowen increased their target price on shares of Restaurant Brands International from $76.00 to $79.00 and gave the company a “hold” rating in a research report on Wednesday, May 6th. Sixteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Restaurant Brands International presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.33.

Get Our Latest Research Report on QSR

Restaurant Brands International Trading Down 1.2%

Shares of QSR stock opened at $75.36 on Friday. The business’s 50 day moving average is $76.66 and its two-hundred day moving average is $71.97. Restaurant Brands International Inc. has a twelve month low of $61.33 and a twelve month high of $81.96. The company has a market capitalization of $26.17 billion, a P/E ratio of 26.53, a price-to-earnings-growth ratio of 1.95 and a beta of 0.53. The company has a current ratio of 0.99, a quick ratio of 0.90 and a debt-to-equity ratio of 2.55.

Restaurant Brands International (NYSE:QSRGet Free Report) (TSE:QSR) last announced its earnings results on Wednesday, May 6th. The restaurant operator reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.03. Restaurant Brands International had a return on equity of 32.80% and a net margin of 9.96%.The company had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same period last year, the business posted $0.75 EPS. The company’s revenue was up 7.3% on a year-over-year basis. Equities analysts forecast that Restaurant Brands International Inc. will post 4.06 EPS for the current year.

Restaurant Brands International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Tuesday, June 23rd will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Tuesday, June 23rd. Restaurant Brands International’s dividend payout ratio (DPR) is 91.55%.

Restaurant Brands International Company Profile

(Free Report)

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.

See Also

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

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