Tidal Investments LLC Takes $5.14 Million Position in Restaurant Brands International Inc. (NYSE:QSR)

Tidal Investments LLC acquired a new stake in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 78,872 shares of the restaurant operator's stock, valued at approximately $5,141,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dunhill Financial LLC grew its position in Restaurant Brands International by 100.0% during the 4th quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator's stock worth $26,000 after purchasing an additional 200 shares during the period. Venturi Wealth Management LLC boosted its stake in shares of Restaurant Brands International by 213.6% in the fourth quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator's stock worth $30,000 after buying an additional 314 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Restaurant Brands International during the fourth quarter worth about $32,000. IFP Advisors Inc grew its stake in shares of Restaurant Brands International by 183.9% during the 4th quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator's stock worth $41,000 after purchasing an additional 412 shares during the period. Finally, Physician Wealth Advisors Inc. acquired a new stake in Restaurant Brands International during the fourth quarter valued at $60,000. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Restaurant Brands International Stock Up 0.9%

NYSE QSR traded up $0.64 during trading hours on Monday, hitting $70.07. 1,947,872 shares of the company were exchanged, compared to its average volume of 1,873,851. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75. The firm has a market cap of $22.96 billion, a price-to-earnings ratio of 22.04, a PEG ratio of 1.77 and a beta of 0.60. The company has a 50 day moving average of $65.70 and a two-hundred day moving average of $65.70. Restaurant Brands International Inc. has a 52-week low of $58.71 and a 52-week high of $75.07.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last released its earnings results on Thursday, May 8th. The restaurant operator reported $0.75 earnings per share for the quarter, missing analysts' consensus estimates of $0.78 by ($0.03). The firm had revenue of $2.03 billion for the quarter, compared to analysts' expectations of $2.17 billion. Restaurant Brands International had a return on equity of 28.53% and a net margin of 12.15%. The firm's quarterly revenue was up 21.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.73 earnings per share. Equities research analysts anticipate that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Tuesday, June 24th will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date of this dividend is Tuesday, June 24th. Restaurant Brands International's dividend payout ratio is presently 84.07%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on QSR. TD Cowen downgraded shares of Restaurant Brands International from a "buy" rating to a "hold" rating and set a $70.00 price objective for the company. in a research report on Friday, February 14th. Morgan Stanley upped their price target on Restaurant Brands International from $72.00 to $73.00 and gave the stock an "equal weight" rating in a report on Friday, May 9th. Robert W. Baird dropped their price objective on Restaurant Brands International from $72.00 to $65.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Argus upgraded Restaurant Brands International from a "hold" rating to a "buy" rating in a research report on Wednesday, March 19th. Finally, Citigroup reduced their target price on Restaurant Brands International from $67.00 to $66.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $75.65.

Insider Activity

In related news, CFO Sami A. Siddiqui sold 12,500 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $68.12, for a total value of $851,500.00. Following the transaction, the chief financial officer now owns 235,228 shares of the company's stock, valued at $16,023,731.36. This represents a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Joshua Kobza sold 72,720 shares of Restaurant Brands International stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $64.38, for a total value of $4,681,713.60. Following the sale, the chief executive officer now directly owns 961,295 shares of the company's stock, valued at $61,888,172.10. This trade represents a 7.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 150,646 shares of company stock worth $9,753,039. 1.36% of the stock is currently owned by corporate insiders.

Restaurant Brands International Company 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.