Seascape Capital Management Invests $2.61 Million in Restaurant Brands International Inc. (NYSE:QSR)

Seascape Capital Management purchased a new stake in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 33,340 shares of the restaurant operator's stock, valued at approximately $2,605,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Aviva PLC raised its stake in Restaurant Brands International by 1.3% during the 3rd quarter. Aviva PLC now owns 11,726 shares of the restaurant operator's stock valued at $784,000 after acquiring an additional 149 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Restaurant Brands International by 2.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 6,348 shares of the restaurant operator's stock worth $423,000 after buying an additional 168 shares in the last quarter. Rise Advisors LLC raised its stake in shares of Restaurant Brands International by 88.3% during the 4th quarter. Rise Advisors LLC now owns 371 shares of the restaurant operator's stock worth $29,000 after buying an additional 174 shares in the last quarter. BNP Paribas Arbitrage SNC raised its stake in shares of Restaurant Brands International by 35.8% during the 2nd quarter. BNP Paribas Arbitrage SNC now owns 660 shares of the restaurant operator's stock worth $51,000 after buying an additional 174 shares in the last quarter. Finally, Sigma Planning Corp raised its stake in shares of Restaurant Brands International by 2.4% during the 3rd quarter. Sigma Planning Corp now owns 7,800 shares of the restaurant operator's stock worth $520,000 after buying an additional 184 shares in the last quarter. 82.29% of the stock is owned by hedge funds and other institutional investors.

Restaurant Brands International Stock Down 1.3 %

NYSE:QSR traded down $0.94 during mid-day trading on Friday, reaching $71.27. The stock had a trading volume of 1,079,793 shares, compared to its average volume of 1,453,731. The company has a market capitalization of $22.55 billion, a price-to-earnings ratio of 18.90, a price-to-earnings-growth ratio of 2.18 and a beta of 0.91. Restaurant Brands International Inc. has a 1-year low of $61.77 and a 1-year high of $83.29. The stock's 50 day simple moving average is $77.61 and its two-hundred day simple moving average is $73.69. The company has a debt-to-equity ratio of 2.78, a current ratio of 1.01 and a quick ratio of 0.94.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last issued its earnings results on Tuesday, February 13th. The restaurant operator reported $0.75 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.02. Restaurant Brands International had a return on equity of 32.20% and a net margin of 16.95%. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the previous year, the firm posted $0.72 earnings per share. Restaurant Brands International's quarterly revenue was up 7.8% compared to the same quarter last year. Equities analysts anticipate that Restaurant Brands International Inc. will post 3.39 EPS for the current year.

Restaurant Brands International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st were issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend was Wednesday, March 20th. This is a boost from Restaurant Brands International's previous quarterly dividend of $0.55. Restaurant Brands International's payout ratio is 61.54%.

Insider Activity

In related news, CFO Matthew Dunnigan sold 14,565 shares of the business's stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total transaction of $1,110,726.90. Following the sale, the chief financial officer now owns 55,863 shares of the company's stock, valued at $4,260,112.38. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Restaurant Brands International news, CEO Joshua Kobza sold 161,353 shares of Restaurant Brands International stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $75.57, for a total transaction of $12,193,446.21. Following the transaction, the chief executive officer now directly owns 578,125 shares in the company, valued at approximately $43,688,906.25. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Matthew Dunnigan sold 14,565 shares of Restaurant Brands International stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total transaction of $1,110,726.90. Following the transaction, the chief financial officer now owns 55,863 shares in the company, valued at $4,260,112.38. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 380,200 shares of company stock valued at $28,828,182. Insiders own 1.25% of the company's stock.

Analysts Set New Price Targets

QSR has been the subject of a number of analyst reports. Royal Bank of Canada cut their target price on Restaurant Brands International from $91.00 to $90.00 and set an "outperform" rating for the company in a research note on Wednesday, February 14th. Stephens restated an "equal weight" rating and issued a $75.00 price target on shares of Restaurant Brands International in a report on Tuesday, February 13th. Scotiabank lowered their price target on Restaurant Brands International from $81.00 to $80.00 and set an "outperform" rating on the stock in a report on Wednesday, February 14th. Guggenheim upped their price target on Restaurant Brands International from $70.00 to $74.00 and gave the stock a "neutral" rating in a report on Wednesday, February 14th. Finally, Evercore ISI upped their price target on Restaurant Brands International from $88.00 to $93.00 and gave the stock an "outperform" rating in a report on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, Restaurant Brands International has an average rating of "Moderate Buy" and an average target price of $82.36.

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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