Fox Run Management L.L.C. lessened its stake in shares of Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) by 31.5% during the 4th quarter, HoldingsChannel reports. The fund owned 13,218 shares of the restaurant operator’s stock after selling 6,082 shares during the period. Fox Run Management L.L.C.’s holdings in Restaurant Brands International were worth $813,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Krilogy Financial LLC raised its holdings in Restaurant Brands International by 2,938.5% during the third quarter. Krilogy Financial LLC now owns 1,975 shares of the restaurant operator’s stock worth $126,000 after acquiring an additional 1,910 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in Restaurant Brands International by 10.2% during the second quarter. BNP Paribas Arbitrage SA now owns 2,165 shares of the restaurant operator’s stock worth $135,000 after acquiring an additional 200 shares in the last quarter. YHB Investment Advisors Inc. bought a new stake in Restaurant Brands International during the fourth quarter worth about $208,000. Enterprise Financial Services Corp raised its holdings in Restaurant Brands International by 16,250.0% during the third quarter. Enterprise Financial Services Corp now owns 3,270 shares of the restaurant operator’s stock worth $209,000 after acquiring an additional 3,250 shares in the last quarter. Finally, Advisor Group Inc. raised its holdings in Restaurant Brands International by 146.2% during the second quarter. Advisor Group Inc. now owns 3,786 shares of the restaurant operator’s stock worth $236,000 after acquiring an additional 2,248 shares in the last quarter. Institutional investors and hedge funds own 78.35% of the company’s stock.
In other news, EVP Jose E. Cil sold 70,146 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $66.01, for a total value of $4,630,337.46. Following the transaction, the executive vice president now owns 343,496 shares of the company’s stock, valued at $22,674,170.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ali Hedayat bought 5,000 shares of the firm’s stock in a transaction dated Monday, October 30th. The stock was purchased at an average cost of $64.58 per share, for a total transaction of $322,900.00. Following the transaction, the director now directly owns 30,966 shares of the company’s stock, valued at approximately $1,999,784.28. The disclosure for this purchase can be found here. Insiders sold 5,056,166 shares of company stock worth $327,220,722 in the last ninety days. 3.05% of the stock is owned by company insiders.
Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Thursday, October 26th. The restaurant operator reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.09. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.21 billion. Restaurant Brands International had a return on equity of 23.53% and a net margin of 12.40%. The business’s revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.43 earnings per share. equities analysts forecast that Restaurant Brands International Inc will post 2 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Friday, December 15th were given a $0.21 dividend. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.20. The ex-dividend date was Thursday, December 14th. This represents a $0.84 annualized dividend and a dividend yield of 1.36%. Restaurant Brands International’s dividend payout ratio is presently 58.33%.
Several analysts recently issued reports on QSR shares. Royal Bank of Canada upped their target price on Restaurant Brands International from $69.00 to $77.00 and gave the stock an “outperform” rating in a report on Monday, October 23rd. They noted that the move was a valuation call. Zacks Investment Research upgraded Restaurant Brands International from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a report on Tuesday, December 26th. Evercore ISI began coverage on Restaurant Brands International in a report on Monday, December 11th. They set an “outperform” rating and a $75.00 target price on the stock. Oppenheimer boosted their price target on Restaurant Brands International from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, October 19th. Finally, Wells Fargo & Co boosted their price target on Restaurant Brands International from $60.00 to $68.00 and gave the stock a “market perform” rating in a research report on Friday, October 27th. Five equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $70.00.
Restaurant Brands International Profile
Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company had over 20,000 restaurants in more than 100 countries and the United States territories, as of December 31, 2016. It operates through two segments: Tim Hortons (TH) and Burger King (BK). Tim Hortons restaurants are quick service restaurants with a menu that includes blend coffee, tea, espresso-based hot and cold specialty drinks, baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps and soups, among others.
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