Andra AP fonden Has $4.56 Million Position in Restaurant Brands International Inc. $QSR

Key Points

• Andra AP fonden increased its QSR stake by 5,141.7% in the second quarter, ending with 62,900 shares valued at approximately $4.56 million. Institutional investors collectively own 82.29% of Restaurant Brands International.
• Restaurant Brands International exceeded quarterly earnings expectations, reporting $1.07 EPS versus the $1.04 consensus and $2.52 billion in revenue, up 4.6% year over year.
• The company declared a quarterly dividend of $0.65 per share, equivalent to a 3.6% annualized yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $84.04.

Andra AP fonden raised its holdings in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 5,141.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 62,900 shares of the restaurant operator's stock after buying an additional 61,700 shares during the quarter. Andra AP fonden's holdings in Restaurant Brands International were worth $4,561,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in QSR. Larson Financial Group LLC raised its position in Restaurant Brands International by 1,922.2% in the fourth quarter. Larson Financial Group LLC now owns 364 shares of the restaurant operator's stock worth $25,000 after purchasing an additional 346 shares in the last quarter. Groupe la Francaise bought a new position in shares of Restaurant Brands International during the 2nd quarter worth approximately $27,000. Western Wealth Management LLC bought a new position in shares of Restaurant Brands International during the 1st quarter worth approximately $28,000. CoreCap Advisors LLC boosted its stake in Restaurant Brands International by 304.3% in the 2nd quarter. CoreCap Advisors LLC now owns 465 shares of the restaurant operator's stock valued at $34,000 after buying an additional 350 shares in the last quarter. Finally, Continuum Advisory LLC acquired a new stake in Restaurant Brands International in the 2nd quarter valued at $37,000. Institutional investors and hedge funds own 82.29% of the company's stock.

Restaurant Brands International Stock Performance

Shares of NYSE:QSR opened at $71.74 on Thursday. Restaurant Brands International Inc. has a twelve month low of $63.60 and a twelve month high of $81.96. The firm has a market cap of $25.02 billion, a PE ratio of 19.29, a price-to-earnings-growth ratio of 2.01 and a beta of 0.51. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.92 and a current ratio of 1.01. The business has a fifty day moving average of $76.02 and a 200-day moving average of $75.55.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last issued its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.03. The business had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.52 billion. Restaurant Brands International had a net margin of 13.12% and a return on equity of 33.43%. The firm's quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.94 EPS. On average, equities research analysts predict that Restaurant Brands International Inc. will post 4.04 EPS for the current fiscal year.

Restaurant Brands International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 18th will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Friday, September 18th. Restaurant Brands International's dividend payout ratio is presently 69.89%.

Insider Activity

In other news, insider Axel Schwan sold 57,574 shares of the stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $81.14, for a total transaction of $4,671,554.36. Following the sale, the insider directly owned 209,908 shares of the company's stock, valued at $17,031,935.12. This represents a 21.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.22% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Royal Bank Of Canada set a $85.00 price objective on Restaurant Brands International and gave the stock an "outperform" rating in a research note on Tuesday, July 28th. CL King set a $80.00 price target on shares of Restaurant Brands International in a report on Monday, August 10th. Seaport Research Partners began coverage on shares of Restaurant Brands International in a research report on Wednesday, September 16th. They issued a "buy" rating and a $88.00 price target on the stock. Evercore reaffirmed an "outperform" rating and set a $88.00 price objective on shares of Restaurant Brands International in a research note on Friday, August 7th. Finally, Piper Sandler decreased their price objective on shares of Restaurant Brands International from $85.00 to $81.00 and set an "overweight" rating on the stock in a research note on Friday, August 7th. Sixteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat.com, Restaurant Brands International presently has a consensus rating of "Moderate Buy" and an average target price of $84.04.

Restaurant Brands International Profile

Restaurant Brands International Inc NYSE: QSR is a global quick-service restaurant company that owns and operates a portfolio of well-known restaurant brands. Its principal brands are Burger King, Tim Hortons, Popeyes and Firehouse Subs, which serve products including hamburgers, chicken, sandwiches, coffee, baked goods and other prepared foods.

RBI primarily operates through a franchise-based business model, supporting independently owned and operated restaurants through brand management, restaurant development, marketing and supply-chain programs.

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