ASR Vermogensbeheer N.V. Invests $891,000 in Restaurant Brands International Inc. (NYSE:QSR)

Key Points

• ASR Vermogensbeheer N.V. acquired 13,364 shares of Restaurant Brands International Inc. (NYSE:QSR), valued at approximately $891,000, during the first quarter.
• Insider Jacqueline Friesner sold 70,000 shares at an average price of $70.08, representing a 27.68% decrease in her position.
• Restaurant Brands International's quarterly earnings report revealed an EPS of $0.94, missing estimates by $0.03, while revenue increased 15.9% year-over-year.

ASR Vermogensbeheer N.V. bought a new stake in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,364 shares of the restaurant operator's stock, valued at approximately $891,000.

A number of other hedge funds have also made changes to their positions in QSR. Dunhill Financial LLC increased its holdings in shares of Restaurant Brands International by 100.0% in the fourth quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator's stock valued at $26,000 after purchasing an additional 200 shares during the last quarter. HM Payson & Co. acquired a new stake in shares of Restaurant Brands International in the first quarter valued at approximately $26,000. Private Trust Co. NA increased its holdings in shares of Restaurant Brands International by 96.6% in the first quarter. Private Trust Co. NA now owns 519 shares of the restaurant operator's stock valued at $35,000 after purchasing an additional 255 shares during the last quarter. Larson Financial Group LLC increased its holdings in shares of Restaurant Brands International by 438.6% in the first quarter. Larson Financial Group LLC now owns 781 shares of the restaurant operator's stock valued at $52,000 after purchasing an additional 636 shares during the last quarter. Finally, Bessemer Group Inc. increased its holdings in shares of Restaurant Brands International by 113.6% in the first quarter. Bessemer Group Inc. now owns 895 shares of the restaurant operator's stock valued at $60,000 after purchasing an additional 476 shares during the last quarter. Institutional investors and hedge funds own 82.29% of the company's stock.

Restaurant Brands International Stock Down 0.5%

NYSE:QSR traded down $0.31 during midday trading on Tuesday, reaching $64.83. The company had a trading volume of 1,693,715 shares, compared to its average volume of 2,179,467. The firm has a market capitalization of $21.25 billion, a price-to-earnings ratio of 24.56, a PEG ratio of 2.59 and a beta of 0.58. The stock's fifty day simple moving average is $67.88 and its 200-day simple moving average is $66.52. Restaurant Brands International Inc. has a 12-month low of $58.71 and a 12-month high of $74.09. The company has a current ratio of 1.01, a quick ratio of 0.95 and a debt-to-equity ratio of 2.69.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last released its earnings results on Thursday, August 7th. The restaurant operator reported $0.94 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.97 by ($0.03). The company had revenue of $2.41 billion during the quarter, compared to analysts' expectations of $2.33 billion. Restaurant Brands International had a net margin of 9.43% and a return on equity of 29.54%. The company's revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter last year, the business posted $0.86 earnings per share. On average, sell-side analysts anticipate that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Tuesday, September 23rd will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Tuesday, September 23rd. Restaurant Brands International's payout ratio is 93.94%.

Insider Activity

In other news, insider Jacqueline Friesner sold 70,000 shares of the stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $70.08, for a total value of $4,905,600.00. Following the transaction, the insider owned 182,897 shares in the company, valued at approximately $12,817,421.76. This represents a 27.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.25% of the company's stock.

Analysts Set New Price Targets

QSR has been the subject of several recent research reports. Melius initiated coverage on Restaurant Brands International in a report on Monday, July 14th. They issued a "buy" rating and a $90.00 price target for the company. Barclays cut their price target on Restaurant Brands International from $80.00 to $78.00 and set an "overweight" rating for the company in a report on Friday. Morgan Stanley cut their target price on Restaurant Brands International from $73.00 to $72.00 and set an "equal weight" rating for the company in a research note on Monday, July 14th. Wells Fargo & Company cut their target price on Restaurant Brands International from $69.00 to $66.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Finally, CIBC cut their target price on Restaurant Brands International from $78.00 to $77.00 and set an "outperformer" rating for the company in a research note on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $75.00.

Restaurant Brands International 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.