Dock Street Asset Management Inc. Purchases New Stake in Restaurant Brands International Inc. (NYSE:QSR)

Dock Street Asset Management Inc. purchased a new stake in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 16,332 shares of the restaurant operator's stock, valued at approximately $1,088,000.

Other hedge funds have also recently bought and sold shares of the company. Capital World Investors grew its position in Restaurant Brands International by 2.0% in the fourth quarter. Capital World Investors now owns 43,418,188 shares of the restaurant operator's stock valued at $2,829,974,000 after acquiring an additional 841,167 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Restaurant Brands International by 3.3% during the fourth quarter. Vanguard Group Inc. now owns 13,165,498 shares of the restaurant operator's stock worth $858,101,000 after buying an additional 421,873 shares in the last quarter. EdgePoint Investment Group Inc. grew its position in shares of Restaurant Brands International by 26.6% during the fourth quarter. EdgePoint Investment Group Inc. now owns 12,819,570 shares of the restaurant operator's stock worth $834,478,000 after buying an additional 2,695,071 shares in the last quarter. Norges Bank acquired a new stake in shares of Restaurant Brands International during the fourth quarter worth approximately $264,813,000. Finally, Meritage Group LP grew its position in shares of Restaurant Brands International by 5,795.9% during the fourth 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 in the last quarter. Hedge funds and other institutional investors own 82.29% of the company's stock.

Restaurant Brands International Stock Performance

Shares of QSR opened at $67.35 on Friday. The firm's 50 day moving average is $68.53 and its 200-day moving average is $65.68. The stock has a market capitalization of $22.07 billion, a P/E ratio of 22.83, a P/E/G ratio of 1.99 and a beta of 0.58. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.96 and a quick ratio of 0.90. Restaurant Brands International Inc. has a 12-month low of $58.71 and a 12-month high of $75.07.

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

Restaurant Brands International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 8th. Investors of record on Tuesday, June 24th were issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 3.68%. The ex-dividend date of this dividend was Tuesday, June 24th. Restaurant Brands International's dividend payout ratio is currently 84.07%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on QSR. Guggenheim raised their price target on shares of Restaurant Brands International from $71.00 to $77.00 and gave the stock a "buy" rating in a research report on Friday, April 4th. Morgan Stanley raised their price objective on Restaurant Brands International from $72.00 to $73.00 and gave the stock an "equal weight" rating in a research note on Friday, May 9th. Citigroup reduced their price objective on Restaurant Brands International from $67.00 to $66.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Loop Capital restated a "buy" rating on shares of Restaurant Brands International in a research note on Thursday, June 26th. Finally, Scotiabank upgraded Restaurant Brands International to a "hold" rating and set a $75.00 price objective on the stock in a research note on Wednesday, June 18th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $75.82.

Insider Activity at Restaurant Brands International

In related news, insider Jacqueline Friesner sold 70,000 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The shares were 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 directly owned 182,897 shares in the company, valued at approximately $12,817,421.76. This trade represents a 27.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.36% of the company's stock.

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.

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