69,833 Shares in Restaurant Brands International Inc. $QSR Purchased by Nebula Research & Development LLC

Nebula Research & Development LLC acquired a new position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) during the 2nd quarter, HoldingsChannel reports. The fund acquired 69,833 shares of the restaurant operator’s stock, valued at approximately $4,629,000. Restaurant Brands International makes up about 0.4% of Nebula Research & Development LLC’s portfolio, making the stock its 28th biggest holding.

Several other large investors also recently bought and sold shares of the company. Legend Financial Advisors Inc. purchased a new position in shares of Restaurant Brands International in the second quarter valued at approximately $33,000. CX Institutional raised its stake in Restaurant Brands International by 928.0% in the 2nd quarter. CX Institutional now owns 514 shares of the restaurant operator’s stock valued at $34,000 after purchasing an additional 464 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in Restaurant Brands International by 91.2% in the 1st quarter. Smartleaf Asset Management LLC now owns 545 shares of the restaurant operator’s stock valued at $35,000 after purchasing an additional 260 shares in the last quarter. Cary Street Partners Investment Advisory LLC purchased a new stake in shares of Restaurant Brands International during the second quarter worth $35,000. Finally, Elevation Point Wealth Partners LLC acquired a new stake in shares of Restaurant Brands International in the second quarter valued at about $36,000. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

Restaurant Brands International Stock Performance

Shares of Restaurant Brands International stock opened at $70.80 on Thursday. The firm has a market cap of $23.21 billion, a PE ratio of 25.19, a price-to-earnings-growth ratio of 2.82 and a beta of 0.60. The company has a quick ratio of 0.98, a current ratio of 1.06 and a debt-to-equity ratio of 2.65. Restaurant Brands International Inc. has a 52 week low of $58.71 and a 52 week high of $73.70. The business’s fifty day simple moving average is $68.79 and its 200-day simple moving average is $67.34.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings data on Thursday, October 30th. The restaurant operator reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.03. The firm had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.39 billion. Restaurant Brands International had a net margin of 9.95% and a return on equity of 32.43%. Restaurant Brands International’s revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.93 EPS. Equities analysts forecast that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Tuesday, December 23rd will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Tuesday, December 23rd. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.5%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 88.26%.

Wall Street Analyst Weigh In

QSR has been the topic of several research reports. Argus upgraded shares of Restaurant Brands International from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research report on Tuesday, December 2nd. Guggenheim boosted their target price on Restaurant Brands International from $77.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, August 13th. Scotiabank upped their price target on Restaurant Brands International from $73.00 to $74.00 and gave the company a “sector perform” rating in a research report on Friday, October 31st. Robert W. Baird lifted their price objective on Restaurant Brands International from $68.00 to $72.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Finally, Oppenheimer reissued an “outperform” rating and set a $80.00 price objective on shares of Restaurant Brands International in a research note on Tuesday, November 25th. Ten research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $75.45.

Insider Activity at Restaurant Brands International

In other news, Chairman J Patrick Doyle sold 43,597 shares of Restaurant Brands International stock in a transaction on Friday, November 21st. The stock was sold at an average price of $69.80, for a total value of $3,043,070.60. Following the completion of the sale, the chairman directly owned 193,855 shares of the company’s stock, valued at approximately $13,531,079. The trade was a 18.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Ali Hedayat sold 7,000 shares of the business’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $72.77, for a total value of $509,390.00. Following the completion of the sale, the director owned 18,962 shares in the company, valued at $1,379,864.74. This represents a 26.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.25% of the stock is currently owned by company insiders.

About Restaurant Brands International

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.