Man Group plc Acquires 374,568 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Man Group plc raised its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 282.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 507,022 shares of the restaurant operator's stock after acquiring an additional 374,568 shares during the quarter. Man Group plc owned approximately 0.16% of Restaurant Brands International worth $33,048,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Norges Bank bought a new stake in shares of Restaurant Brands International in the 4th quarter valued at approximately $264,813,000. Meritage Group LP grew its stake 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 in the last quarter. Baupost Group LLC MA raised its holdings in shares of Restaurant Brands International by 10,155.5% in the fourth quarter. Baupost Group LLC MA now owns 2,901,700 shares of the restaurant operator's stock valued at $189,133,000 after acquiring an additional 2,873,406 shares in the last quarter. EdgePoint Investment Group Inc. increased its holdings in Restaurant Brands International by 26.6% during the fourth 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 lifted its stake in shares of Restaurant Brands International by 2.0% during the 4th quarter. Capital World Investors now owns 43,418,188 shares of the restaurant operator's stock worth $2,829,974,000 after purchasing an additional 841,167 shares during the last quarter. Institutional investors own 82.29% of the company's stock.

Restaurant Brands International Trading Down 0.8%

QSR traded down $0.60 during trading on Wednesday, hitting $70.21. 602,064 shares of the stock were exchanged, compared to its average volume of 1,863,881. The firm has a market cap of $23.00 billion, a price-to-earnings ratio of 22.08, a P/E/G ratio of 1.77 and a beta of 0.60. The firm has a 50 day simple moving average of $65.55 and a 200 day simple moving average of $65.71. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. Restaurant Brands International Inc. has a 1 year low of $58.71 and a 1 year high of $75.07.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last issued its earnings results on Thursday, May 8th. The restaurant operator reported $0.75 EPS for the quarter, missing analysts' consensus estimates of $0.78 by ($0.03). Restaurant Brands International had a net margin of 12.15% and a return on equity of 28.53%. The firm had revenue of $2.03 billion during the quarter, compared to analysts' expectations of $2.17 billion. During the same quarter in the prior year, the company earned $0.73 EPS. Restaurant Brands International's quarterly revenue was up 21.3% on a year-over-year basis. As a group, equities analysts expect that Restaurant Brands International Inc. will post 3.72 EPS 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. Investors 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 3.53%. Restaurant Brands International's payout ratio is 84.07%.

Insiders Place Their Bets

In other Restaurant Brands International news, insider Duncan Fulton sold 15,974 shares of Restaurant Brands International stock in a transaction 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 transaction, the insider now owns 45,248 shares in the company, valued at $2,827,095.04. This trade represents a 26.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Sami A. Siddiqui sold 12,500 shares of Restaurant Brands International stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $68.12, for a total transaction of $851,500.00. Following the sale, the chief financial officer now directly owns 235,228 shares in the company, valued at $16,023,731.36. This trade represents a 5.05% decrease in their position. The disclosure for this sale can be found here. Insiders sold 278,716 shares of company stock valued at $17,740,281 in the last ninety days. Insiders own 1.36% of the company's stock.

Wall Street Analysts Forecast Growth

QSR has been the subject of a number of research analyst reports. CIBC decreased their price target on shares of Restaurant Brands International from $78.00 to $77.00 and set an "outperformer" rating for the company in a report on Friday, May 9th. Argus upgraded Restaurant Brands International from a "hold" rating to a "buy" rating in a research note on Wednesday, March 19th. Morgan Stanley lifted 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. Jefferies Financial Group dropped their price target on shares of Restaurant Brands International from $73.00 to $67.00 and set an "equal weight" rating for the company in a research report on Thursday, January 30th. Finally, TD Cowen downgraded shares of Restaurant Brands International from a "buy" rating to a "hold" rating and set a $70.00 price target for the company. in a research note on Friday, February 14th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus 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.