Aspire Private Capital LLC Buys 5,689 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Aspire Private Capital LLC increased its holdings in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 35.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,789 shares of the restaurant operator's stock after acquiring an additional 5,689 shares during the period. Aspire Private Capital LLC's holdings in Restaurant Brands International were worth $1,452,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank bought a new position in Restaurant Brands International during the fourth quarter worth about $264,813,000. Meritage Group LP boosted its holdings in Restaurant Brands International by 5,795.9% in the 4th quarter. Meritage Group LP now owns 3,301,689 shares of the restaurant operator's stock worth $215,204,000 after buying an additional 3,245,689 shares during the period. Baupost Group LLC MA boosted its holdings in Restaurant Brands International by 10,155.5% in the 4th quarter. Baupost Group LLC MA now owns 2,901,700 shares of the restaurant operator's stock worth $189,133,000 after buying an additional 2,873,406 shares during the period. EdgePoint Investment Group Inc. raised its holdings in Restaurant Brands International by 26.6% during the 4th quarter. EdgePoint Investment Group Inc. now owns 12,819,570 shares of the restaurant operator's stock valued at $834,478,000 after acquiring an additional 2,695,071 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of Restaurant Brands International by 967.0% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,087,542 shares of the restaurant operator's stock worth $70,793,000 after acquiring an additional 985,615 shares in the last quarter. 82.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Restaurant Brands International news, insider Jacqueline Friesner sold 70,000 shares of the business's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $70.08, for a total transaction of $4,905,600.00. Following the completion of the sale, the insider now directly owns 182,897 shares in the company, valued at $12,817,421.76. The trade was a 27.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.36% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on QSR. Morgan Stanley upped their target price on shares of Restaurant Brands International from $72.00 to $73.00 and gave the stock an "equal weight" rating in a report on Friday, May 9th. Citigroup reduced their target price on shares of Restaurant Brands International from $67.00 to $66.00 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. JPMorgan Chase & Co. lowered their price objective on Restaurant Brands International from $80.00 to $78.00 and set an "overweight" rating for the company in a research report on Thursday, March 20th. Loop Capital reissued a "buy" rating on shares of Restaurant Brands International in a report on Tuesday, March 18th. Finally, CIBC reduced their target price on Restaurant Brands International from $78.00 to $77.00 and set an "outperformer" rating on the stock in a research note on Friday, May 9th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $75.68.

Restaurant Brands International Stock Down 0.8%

QSR stock traded down $0.50 during midday trading on Tuesday, hitting $65.45. The company's stock had a trading volume of 3,284,415 shares, compared to its average volume of 1,954,310. The firm's 50-day moving average is $67.54 and its 200-day moving average is $65.71. The company has a current ratio of 0.96, a quick ratio of 0.90 and a debt-to-equity ratio of 2.84. Restaurant Brands International Inc. has a 12 month low of $58.71 and a 12 month high of $75.07. The company has a market cap of $21.45 billion, a PE ratio of 22.18, a P/E/G ratio of 1.96 and a beta of 0.61.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last announced its quarterly earnings results on Thursday, May 8th. The restaurant operator reported $0.75 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.78 by ($0.03). Restaurant Brands International had a net margin of 10.82% and a return on equity of 28.94%. The business had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the previous year, the company earned $0.73 earnings per share. The company's revenue for the quarter was up 21.3% compared to the same quarter last year. On average, equities research analysts forecast that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Tuesday, June 24th will be paid a $0.62 dividend. The ex-dividend date is Tuesday, June 24th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.79%. Restaurant Brands International's dividend payout ratio is presently 84.07%.

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.