Fox Run Management L.L.C. Purchases 7,271 Shares of Restaurant Brands International Inc. $QSR

Fox Run Management L.L.C. raised its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 59.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,448 shares of the restaurant operator’s stock after purchasing an additional 7,271 shares during the quarter. Fox Run Management L.L.C.’s holdings in Restaurant Brands International were worth $1,327,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of QSR. Baupost Group LLC MA increased its stake in Restaurant Brands International by 103.8% during the 3rd quarter. Baupost Group LLC MA now owns 8,252,862 shares of the restaurant operator’s stock valued at $529,337,000 after purchasing an additional 4,203,300 shares in the last quarter. Norges Bank acquired a new position in Restaurant Brands International during the 4th quarter valued at approximately $260,709,000. Capital World Investors increased its stake in Restaurant Brands International by 7.7% during the 4th quarter. Capital World Investors now owns 43,525,570 shares of the restaurant operator’s stock valued at $2,969,819,000 after purchasing an additional 3,095,167 shares in the last quarter. State Street Corp increased its stake in 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 valued at $198,711,000 after purchasing an additional 2,966,048 shares in the last quarter. Finally, EdgePoint Investment Group Inc. increased its stake in Restaurant Brands International by 15.4% during the 3rd quarter. EdgePoint Investment Group Inc. now owns 14,903,208 shares of the restaurant operator’s stock valued at $955,855,000 after purchasing an additional 1,983,354 shares in the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

Insider Activity

In related news, insider Thiago T. Santelmo sold 10,000 shares of the stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $75.41, for a total transaction 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 represents a 11.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Joshua Kobza sold 200,000 shares of the stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $75.05, for a total transaction of $15,010,000.00. Following the sale, the chief executive officer directly owned 960,769 shares in the company, valued at $72,105,713.45. This trade represents a 17.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 350,000 shares of company stock valued at $26,198,650 in the last three months. Corporate insiders own 1.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on QSR shares. Morgan Stanley upped their price target on shares of Restaurant Brands International from $77.00 to $78.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 3rd. TD Cowen upped their price target on shares of Restaurant Brands International from $76.00 to $79.00 and gave the company a “hold” rating in a research note on Wednesday, May 6th. Wells Fargo & Company upped their price objective on shares of Restaurant Brands International from $75.00 to $80.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. Piper Sandler raised shares of Restaurant Brands International from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $71.00 to $84.00 in a report on Monday, March 2nd. Finally, Scotia upped their price objective on shares of Restaurant Brands International from $81.00 to $83.00 and gave the company a “sector perform” rating in a report on Thursday, May 7th. Seventeen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.54.

Restaurant Brands International Stock Up 1.7%

QSR stock opened at $72.74 on Wednesday. The firm’s fifty day simple moving average is $76.60 and its 200-day simple moving average is $72.45. The company has a market capitalization of $25.27 billion, a P/E ratio of 25.61, a price-to-earnings-growth ratio of 1.85 and a beta of 0.49. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.99 and a quick ratio of 0.90. Restaurant Brands International Inc. has a 12 month low of $61.33 and a 12 month high of $81.96.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data on Wednesday, May 6th. The restaurant operator reported $0.86 EPS for the quarter, beating the consensus estimate of $0.83 by $0.03. The business had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.24 billion. Restaurant Brands International had a net margin of 9.96% and a return on equity of 32.80%. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.75 EPS. As a group, equities research analysts forecast that Restaurant Brands International Inc. will post 4.07 earnings per share for the current year.

Restaurant Brands International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Tuesday, June 23rd will be issued 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 yield of 3.6%. Restaurant Brands International’s dividend payout ratio is 91.55%.

Restaurant Brands International Profile

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.