MQS Management LLC Invests $291,000 in Restaurant Brands International Inc. (NYSE:QSR)

MQS Management LLC 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 disclosure with the Securities and Exchange Commission. The firm purchased 4,364 shares of the restaurant operator's stock, valued at approximately $291,000.

Several other institutional investors and hedge funds have also recently modified their holdings of QSR. Raymond James Financial Inc. bought a new position in shares of Restaurant Brands International during the 4th quarter valued at about $19,243,000. Sequoia Financial Advisors LLC increased its position in shares of Restaurant Brands International by 5.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 4,899 shares of the restaurant operator's stock valued at $319,000 after purchasing an additional 233 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its position in shares of Restaurant Brands International by 2.3% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 14,103 shares of the restaurant operator's stock valued at $919,000 after purchasing an additional 313 shares during the last quarter. Corient Private Wealth LLC increased its position in shares of Restaurant Brands International by 166.4% during the 4th quarter. Corient Private Wealth LLC now owns 20,475 shares of the restaurant operator's stock valued at $1,335,000 after purchasing an additional 12,789 shares during the last quarter. Finally, Signaturefd LLC increased its position in shares of Restaurant Brands International by 3.2% during the 4th quarter. Signaturefd LLC now owns 6,687 shares of the restaurant operator's stock valued at $436,000 after purchasing an additional 210 shares during the last quarter. Hedge funds and other institutional investors own 82.29% of the company's stock.

Insider Transactions at Restaurant Brands International

In other news, insider Jacqueline Friesner sold 70,000 shares of the business's stock in a transaction on 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 completion of the transaction, the insider owned 182,897 shares in the company, valued at $12,817,421.76. The trade was a 27.68% 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 1.36% of the company's stock.

Restaurant Brands International Stock Down 0.6%

NYSE:QSR traded down $0.41 during trading hours on Friday, reaching $69.16. 842,041 shares of the company traded hands, compared to its average volume of 2,541,959. The business's 50-day moving average price is $68.56 and its two-hundred day moving average price is $65.75. The stock has a market capitalization of $22.67 billion, a P/E ratio of 23.44, a P/E/G ratio of 2.01 and a beta of 0.58. Restaurant Brands International Inc. has a 1 year low of $58.71 and a 1 year high of $74.09. 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 (NYSE:QSR - Get Free Report) TSE: QSR last announced its quarterly earnings data 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). The company had revenue of $2.03 billion for the quarter, compared to analysts' expectations of $2.17 billion. Restaurant Brands International had a net margin of 10.82% and a return on equity of 28.94%. The firm's quarterly revenue was up 21.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.73 EPS. Analysts predict that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 8th. Shareholders of record on Tuesday, June 24th were paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date of this dividend was Tuesday, June 24th. Restaurant Brands International's payout ratio is 84.07%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on QSR shares. CIBC reduced their price objective on Restaurant Brands International from $78.00 to $77.00 and set an "outperformer" rating on the stock in a research report on Friday, May 9th. UBS Group reduced their price target on Restaurant Brands International from $90.00 to $85.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. Scotiabank upgraded Restaurant Brands International to a "hold" rating and set a $75.00 price target on the stock in a research report on Wednesday, June 18th. Wells Fargo & Company reduced their price target on Restaurant Brands International from $69.00 to $66.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Finally, Oppenheimer raised their price target on Restaurant Brands International from $77.00 to $80.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 27th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $75.65.

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.