Woodline Partners LP Increases Stock Position in Restaurant Brands International Inc. (NYSE:QSR)

Woodline Partners LP raised its stake in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 69.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 216,840 shares of the restaurant operator's stock after buying an additional 89,061 shares during the quarter. Woodline Partners LP owned 0.07% of Restaurant Brands International worth $14,134,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Twinbeech Capital LP acquired a new position in Restaurant Brands International in the fourth quarter valued at about $404,000. Tidal Investments LLC acquired a new position in Restaurant Brands International in the fourth quarter valued at about $5,141,000. Toronto Dominion Bank lifted its stake in Restaurant Brands International by 16.2% in the fourth quarter. Toronto Dominion Bank now owns 1,004,408 shares of the restaurant operator's stock valued at $65,390,000 after buying an additional 140,201 shares during the period. Quantinno Capital Management LP lifted its stake in Restaurant Brands International by 133.4% in 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. Finally, Man Group plc lifted its stake in Restaurant Brands International by 282.8% in the fourth quarter. Man Group plc now owns 507,022 shares of the restaurant operator's stock valued at $33,048,000 after buying an additional 374,568 shares during the period. Institutional investors and hedge funds own 82.29% of the company's stock.

Restaurant Brands International Stock Performance

QSR traded up $1.55 during trading on Tuesday, hitting $71.62. 818,426 shares of the company traded hands, compared to its average volume of 2,248,099. The firm has a market cap of $23.47 billion, a P/E ratio of 22.56, a price-to-earnings-growth ratio of 1.77 and a beta of 0.60. The stock's fifty day moving average is $65.74 and its 200 day moving average is $65.72. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75. Restaurant Brands International Inc. has a one year low of $58.71 and a one year high of $75.07.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last released 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). The business 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 12.15% and a return on equity of 28.53%. Restaurant Brands International's revenue for the quarter was up 21.3% compared to the same quarter last year. During the same period last year, the company earned $0.73 earnings per share. As a group, equities analysts predict that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Tuesday, June 24th will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date is Tuesday, June 24th. Restaurant Brands International's payout ratio is 84.07%.

Analyst Ratings Changes

QSR has been the topic of several analyst reports. Barclays cut their target price on 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. Morgan Stanley raised their price target on Restaurant Brands International from $72.00 to $73.00 and gave the stock an "equal weight" rating in a research report on Friday, May 9th. Citigroup dropped their price target on Restaurant Brands International from $67.00 to $66.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. Loop Capital reaffirmed a "buy" rating on shares of Restaurant Brands International in a research report on Tuesday, March 18th. Finally, 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. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Restaurant Brands International currently has an average rating of "Hold" and a consensus price target of $75.65.

Insider Transactions at Restaurant Brands International

In related news, CFO Sami A. Siddiqui sold 12,500 shares of Restaurant Brands International stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $68.12, for a total value of $851,500.00. Following the sale, the chief financial officer now owns 235,228 shares in the company, valued at $16,023,731.36. The trade was a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Duncan Fulton sold 27,500 shares of Restaurant Brands International stock in a transaction 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 sale, the insider now owns 34,822 shares in the company, valued at approximately $2,251,590.52. This trade represents a 44.13% decrease in their position. The disclosure for this sale can be found here. 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.