Twinbeech Capital LP Buys New Stake in Restaurant Brands International Inc. (NYSE:QSR)

Twinbeech Capital LP acquired a new position in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 6,201 shares of the restaurant operator's stock, valued at approximately $404,000.

Other large investors have also recently made changes to their positions in the company. Tidal Investments LLC bought a new stake in shares of Restaurant Brands International in the 4th quarter valued at approximately $5,141,000. Toronto Dominion Bank grew its holdings in Restaurant Brands International by 16.2% during the 4th quarter. Toronto Dominion Bank now owns 1,004,408 shares of the restaurant operator's stock valued at $65,390,000 after purchasing an additional 140,201 shares during the last quarter. Quantinno Capital Management LP boosted its position in shares of Restaurant Brands International by 133.4% during the fourth quarter. Quantinno Capital Management LP now owns 39,674 shares of the restaurant operator's stock valued at $2,586,000 after buying an additional 22,674 shares during the period. Man Group plc boosted its holdings in Restaurant Brands International by 282.8% during the 4th quarter. Man Group plc now owns 507,022 shares of the restaurant operator's stock valued at $33,048,000 after acquiring an additional 374,568 shares during the period. Finally, Letko Brosseau & Associates Inc. increased its stake in Restaurant Brands International by 2.2% in the fourth quarter. Letko Brosseau & Associates Inc. now owns 458,730 shares of the restaurant operator's stock worth $29,883,000 after purchasing an additional 10,055 shares during the period. 82.29% of the stock is currently owned by institutional investors.

Restaurant Brands International Stock Performance

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 debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94. Restaurant Brands International Inc. has a 52-week low of $58.71 and a 52-week high of $75.07. The stock has a market capitalization 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's 50 day moving average price is $65.70 and its 200-day moving average price is $65.70.

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

Restaurant Brands International Dividend Announcement

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

Insider Activity

In other Restaurant Brands International news, insider Duncan Fulton sold 27,500 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $64.66, for a total transaction of $1,778,150.00. Following the completion of the transaction, the insider now directly owns 34,822 shares of the company's stock, valued at approximately $2,251,590.52. This trade represents a 44.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Joshua Kobza sold 72,720 shares of the company's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $64.38, for a total transaction of $4,681,713.60. Following the completion of the sale, the chief executive officer now directly owns 961,295 shares in the company, 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. Over the last three months, insiders have sold 150,646 shares of company stock valued at $9,753,039. Company insiders own 1.36% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on QSR shares. Robert W. Baird decreased their price objective on shares of Restaurant Brands International from $72.00 to $65.00 and set a "neutral" rating for the company in a report on Monday, April 7th. JPMorgan Chase & Co. dropped their price target on Restaurant Brands International from $80.00 to $78.00 and set an "overweight" rating on the stock in a research report on Thursday, March 20th. Citigroup dropped 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. Barclays dropped their price objective on shares of Restaurant Brands International from $83.00 to $80.00 and set an "overweight" rating on the stock in a research note on Thursday, February 13th. Finally, Argus raised shares of Restaurant Brands International from a "hold" rating to a "buy" rating in a research note on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, Restaurant Brands International presently has an average rating of "Hold" and a consensus price target of $75.65.

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.