Hillsdale Investment Management Inc. Has $25.71 Million Stake in Restaurant Brands International Inc. $QSR

Hillsdale Investment Management Inc. boosted its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 851.5% in the fourth quarter, HoldingsChannel reports. The firm owned 376,147 shares of the restaurant operator’s stock after acquiring an additional 336,615 shares during the period. Hillsdale Investment Management Inc.’s holdings in Restaurant Brands International were worth $25,713,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. increased its holdings in Restaurant Brands International by 7.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 104,051 shares of the restaurant operator’s stock valued at $7,099,000 after purchasing an additional 6,822 shares in the last quarter. Savant Capital LLC acquired a new stake in Restaurant Brands International during the 4th quarter valued at $333,000. Foundations Investment Advisors LLC acquired a new stake in Restaurant Brands International during the 4th quarter valued at $353,000. Seven Grand Managers LLC acquired a new stake in Restaurant Brands International during the 4th quarter valued at $23,880,000. Finally, Geode Capital Management LLC increased its holdings in Restaurant Brands International by 6.0% during the 4th quarter. Geode Capital Management LLC now owns 5,216,985 shares of the restaurant operator’s stock valued at $365,279,000 after purchasing an additional 295,935 shares in the last quarter. 82.29% of the stock is owned by institutional investors and hedge funds.

Restaurant Brands International Stock Up 0.5%

Shares of Restaurant Brands International stock opened at $74.70 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.99 and a debt-to-equity ratio of 2.55. Restaurant Brands International Inc. has a 12 month low of $61.33 and a 12 month high of $81.96. The business has a fifty day simple moving average of $76.77 and a 200 day simple moving average of $72.24. The stock has a market cap of $25.94 billion, a PE ratio of 26.30, a price-to-earnings-growth ratio of 1.93 and a beta of 0.53.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings data on Wednesday, May 6th. The restaurant operator reported $0.86 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same period in the previous year, the firm earned $0.75 earnings per share. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. Research analysts predict that Restaurant Brands International Inc. will post 4.06 EPS for the current year.

Restaurant Brands International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Tuesday, June 23rd will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.5%. Restaurant Brands International’s payout ratio is 91.55%.

Insider Buying and Selling at Restaurant Brands International

In related news, insider Jill Granat sold 25,000 shares of Restaurant Brands International stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $75.09, for a total transaction of $1,877,250.00. Following the completion of the sale, the insider directly owned 478,845 shares of the company’s stock, valued at $35,956,471.05. The trade was a 4.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Thiago T. Santelmo sold 10,000 shares of Restaurant Brands International stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $75.41, for a total value of $754,100.00. Following the sale, the insider directly owned 78,560 shares of the company’s stock, valued at approximately $5,924,209.60. This trade represents a 11.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 350,000 shares of company stock valued at $26,198,650 over the last quarter. 1.25% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on QSR shares. CL King set a $81.00 price target on Restaurant Brands International in a report on Thursday, May 7th. Truist Financial increased their price objective on Restaurant Brands International from $83.00 to $87.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Royal Bank Of Canada increased their price objective on Restaurant Brands International from $83.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday, April 21st. UBS Group increased their price objective on Restaurant Brands International from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Finally, Citigroup decreased their price objective on Restaurant Brands International from $88.00 to $84.00 and set a “neutral” rating on the stock in a research report on Thursday, May 7th. Seventeen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $83.54.

About Restaurant Brands International

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.