JCP Investment Management LLC Acquires 12,600 Shares of Restaurant Brands International Inc. (NYSE:QSR)

JCP Investment Management LLC boosted its holdings in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 8.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 169,883 shares of the restaurant operator's stock after buying an additional 12,600 shares during the period. Restaurant Brands International makes up about 6.5% of JCP Investment Management LLC's investment portfolio, making the stock its 8th largest position. JCP Investment Management LLC owned about 0.05% of Restaurant Brands International worth $11,106,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of QSR. Norges Bank bought a new stake in shares of Restaurant Brands International in the 4th quarter worth approximately $264,813,000. Meritage Group LP lifted its position in Restaurant Brands International by 5,795.9% in the fourth quarter. Meritage Group LP now owns 3,301,689 shares of the restaurant operator's stock worth $215,204,000 after purchasing an additional 3,245,689 shares during the period. Baupost Group LLC MA boosted its stake in Restaurant Brands International by 10,155.5% during the fourth quarter. Baupost Group LLC MA now owns 2,901,700 shares of the restaurant operator's stock worth $189,133,000 after buying an additional 2,873,406 shares in the last quarter. EdgePoint Investment Group Inc. increased its holdings in Restaurant Brands International by 26.6% in the 4th quarter. EdgePoint Investment Group Inc. now owns 12,819,570 shares of the restaurant operator's stock valued at $834,478,000 after buying an additional 2,695,071 shares during the period. Finally, Capital World Investors raised its stake in shares of Restaurant Brands International by 2.0% in the 4th quarter. Capital World Investors now owns 43,418,188 shares of the restaurant operator's stock valued at $2,829,974,000 after buying an additional 841,167 shares in the last quarter. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Restaurant Brands International Price Performance

QSR opened at $67.19 on Friday. The company has a fifty day moving average price of $65.28 and a two-hundred day moving average price of $65.76. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. The firm has a market capitalization of $22.01 billion, a PE ratio of 21.13, a P/E/G ratio of 1.77 and a beta of 0.60. 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 quarterly earnings data on Thursday, May 8th. The restaurant operator reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.03). The firm had revenue of $2.03 billion for the quarter, compared to the consensus estimate 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 revenue was up 21.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.73 EPS. As a group, analysts anticipate 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 announced a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Tuesday, June 24th will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Tuesday, June 24th. This represents a $2.48 annualized dividend and a yield of 3.69%. Restaurant Brands International's dividend payout ratio (DPR) is currently 77.99%.

Insider Buying and Selling at Restaurant Brands International

In related news, CEO Joshua Kobza sold 93,619 shares of Restaurant Brands International stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $62.35, for a total value of $5,837,144.65. Following the sale, the chief executive officer now owns 848,578 shares of the company's stock, valued at approximately $52,908,838.30. This trade represents a 9.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Duncan Fulton sold 15,974 shares of the business's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $62.48, for a total value of $998,055.52. Following the completion of the sale, the insider now owns 45,248 shares in the company, valued at $2,827,095.04. The trade was a 26.09 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 278,716 shares of company stock valued at $17,740,281. 1.36% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on QSR shares. Wells Fargo & Company dropped their price target on shares of Restaurant Brands International from $69.00 to $66.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Loop Capital reaffirmed a "buy" rating on shares of Restaurant Brands International in a research note on Tuesday, March 18th. Guggenheim increased their price objective on Restaurant Brands International from $71.00 to $77.00 and gave the stock a "buy" rating in a research note on Friday, April 4th. Jefferies Financial Group reduced their target price on shares of Restaurant Brands International from $73.00 to $67.00 and set an "equal weight" rating on the stock in a research note on Thursday, January 30th. Finally, Barclays dropped their target price on shares of Restaurant Brands International from $83.00 to $80.00 and set an "overweight" rating for the company in a research report on Thursday, February 13th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $75.65.

About Restaurant Brands International

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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