SpiderRock Advisors LLC Takes $239,000 Position in Restaurant Brands International Inc. (NYSE:QSR)

SpiderRock Advisors LLC purchased a new stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 2,972 shares of the restaurant operator’s stock, valued at approximately $239,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Mather Group LLC. purchased a new position in Restaurant Brands International in the first quarter valued at approximately $25,000. Pacifica Partners Inc. increased its stake in shares of Restaurant Brands International by 196.0% in the fourth quarter. Pacifica Partners Inc. now owns 370 shares of the restaurant operator’s stock worth $27,000 after buying an additional 245 shares during the last quarter. Rise Advisors LLC increased its stake in shares of Restaurant Brands International by 88.3% in the fourth quarter. Rise Advisors LLC now owns 371 shares of the restaurant operator’s stock worth $29,000 after buying an additional 174 shares during the last quarter. Oakworth Capital Inc. bought a new stake in shares of Restaurant Brands International in the fourth quarter worth $30,000. Finally, Montag A & Associates Inc. acquired a new position in Restaurant Brands International in the fourth quarter worth $30,000. 82.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on QSR. Barclays lifted their price objective on shares of Restaurant Brands International from $87.00 to $89.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Robert W. Baird lifted their price objective on shares of Restaurant Brands International from $76.00 to $82.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Scotiabank boosted their price target on shares of Restaurant Brands International from $80.00 to $81.00 and gave the company an “outperform” rating in a report on Monday, April 29th. KeyCorp dropped their price objective on shares of Restaurant Brands International from $85.00 to $80.00 and set an “overweight” rating on the stock in a report on Thursday, June 27th. Finally, Piper Sandler cut their price objective on shares of Restaurant Brands International from $84.00 to $82.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $83.03.

Insider Activity at Restaurant Brands International

In related news, Director Ali Hedayat sold 8,537 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $74.75, for a total transaction of $638,140.75. Following the completion of the transaction, the director now owns 22,881 shares of the company’s stock, valued at approximately $1,710,354.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Joshua Kobza sold 246,196 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $75.17, for a total value of $18,506,553.32. Following the transaction, the chief executive officer now directly owns 595,764 shares in the company, valued at approximately $44,783,579.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Ali Hedayat sold 8,537 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $74.75, for a total value of $638,140.75. Following the completion of the transaction, the director now owns 22,881 shares in the company, valued at $1,710,354.75. The disclosure for this sale can be found here. 1.36% of the stock is owned by corporate insiders.

Restaurant Brands International Trading Down 0.2 %

QSR traded down $0.17 during midday trading on Friday, reaching $69.76. 334,696 shares of the company’s stock traded hands, compared to its average volume of 1,571,188. The firm has a fifty day moving average of $70.39 and a two-hundred day moving average of $74.68. The stock has a market capitalization of $22.10 billion, a price-to-earnings ratio of 18.01, a P/E/G ratio of 2.13 and a beta of 0.92. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.08 and a quick ratio of 1.00. Restaurant Brands International Inc. has a 52 week low of $61.77 and a 52 week high of $83.29.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Tuesday, April 30th. The restaurant operator reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.01. Restaurant Brands International had a return on equity of 31.12% and a net margin of 17.17%. The firm had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same quarter in the prior year, the company earned $0.75 EPS. The business’s revenue was up 9.4% compared to the same quarter last year. On average, equities analysts anticipate that Restaurant Brands International Inc. will post 3.37 earnings per share for the current fiscal year.

Restaurant Brands International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 21st will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date is Friday, June 21st. Restaurant Brands International’s dividend payout ratio (DPR) is presently 59.79%.

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.