Louisbourg Investments Inc. Decreases Stock Position in Restaurant Brands International Inc. $QSR

Louisbourg Investments Inc. lessened its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 29.8% in the fourth quarter, HoldingsChannel reports. The fund owned 78,097 shares of the restaurant operator’s stock after selling 33,118 shares during the period. Louisbourg Investments Inc.’s holdings in Restaurant Brands International were worth $5,337,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. AQR Capital Management LLC purchased a new position in Restaurant Brands International in the 1st quarter worth approximately $237,000. American Century Companies Inc. boosted its stake in shares of Restaurant Brands International by 37.7% during the second quarter. American Century Companies Inc. now owns 75,670 shares of the restaurant operator’s stock valued at $5,019,000 after purchasing an additional 20,706 shares during the period. Prudential Financial Inc. purchased a new stake in shares of Restaurant Brands International during the second quarter valued at approximately $1,090,000. Elevation Point Wealth Partners LLC bought a new position in shares of Restaurant Brands International in the second quarter worth approximately $36,000. Finally, State Board of Administration of Florida Retirement System bought a new position in shares of Restaurant Brands International in the second quarter worth approximately $4,049,000. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Oppenheimer upped their price target on shares of Restaurant Brands International from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Wednesday, March 18th. Wells Fargo & Company raised their price target on shares of Restaurant Brands International from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Friday, February 27th. Sanford C. Bernstein set a $82.00 price objective on shares of Restaurant Brands International in a research note on Friday, February 13th. Royal Bank Of Canada increased their target price on shares of Restaurant Brands International from $80.00 to $83.00 and gave the stock an “outperform” rating in a report on Monday, March 2nd. Finally, Scotiabank cut their target price on Restaurant Brands International from $74.00 to $71.00 and set a “sector perform” rating on the stock in a research note on Friday, February 13th. Fourteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $79.19.

Insider Buying and Selling

In other Restaurant Brands International news, CEO Joshua Kobza sold 200,000 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer owned 960,769 shares in the company, valued at approximately $72,105,713.45. This represents a 17.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jill Granat sold 25,000 shares of the stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $75.09, for a total value of $1,877,250.00. Following the completion of the transaction, the insider directly owned 478,845 shares of the company’s stock, valued at $35,956,471.05. This represents a 4.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 455,191 shares of company stock valued at $33,299,206 over the last quarter. 1.25% of the stock is currently owned by insiders.

Restaurant Brands International Stock Performance

NYSE:QSR opened at $76.71 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.98 and a debt-to-equity ratio of 2.62. The firm’s fifty day simple moving average is $70.85 and its 200 day simple moving average is $69.18. The stock has a market cap of $26.63 billion, a P/E ratio of 32.50, a price-to-earnings-growth ratio of 2.13 and a beta of 0.51. Restaurant Brands International Inc. has a twelve month low of $58.71 and a twelve month high of $77.18.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings data on Thursday, February 12th. The restaurant operator reported $0.96 EPS for the quarter, topping the consensus estimate of $0.93 by $0.03. Restaurant Brands International had a net margin of 8.23% and a return on equity of 32.51%. The business had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.41 billion. During the same period in the prior year, the business earned $0.81 EPS. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, research analysts predict that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Investors of record on Thursday, March 19th were paid a $0.65 dividend. The ex-dividend date of this dividend was Thursday, March 19th. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.62. This represents a $2.60 dividend on an annualized basis and a yield of 3.4%. Restaurant Brands International’s payout ratio is currently 110.17%.

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.