AJOVista LLC Invests $867,000 in Restaurant Brands International Inc. (NYSE:QSR)

AJOVista LLC bought a new stake in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 11,100 shares of the restaurant operator's stock, valued at approximately $867,000. Restaurant Brands International comprises about 1.1% of AJOVista LLC's investment portfolio, making the stock its 13th largest position.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Aviva PLC increased its holdings in Restaurant Brands International by 1.3% in the 3rd quarter. Aviva PLC now owns 11,726 shares of the restaurant operator's stock valued at $784,000 after purchasing an additional 149 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Restaurant Brands International by 2.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 6,348 shares of the restaurant operator's stock valued at $423,000 after purchasing an additional 168 shares during the last quarter. Rise Advisors LLC increased its holdings in Restaurant Brands International by 88.3% in the 4th quarter. Rise Advisors LLC now owns 371 shares of the restaurant operator's stock valued at $29,000 after purchasing an additional 174 shares during the last quarter. Sigma Planning Corp increased its holdings in Restaurant Brands International by 2.4% in the 3rd quarter. Sigma Planning Corp now owns 7,800 shares of the restaurant operator's stock valued at $520,000 after purchasing an additional 184 shares during the last quarter. Finally, Waldron Private Wealth LLC increased its holdings in Restaurant Brands International by 4.5% in the 4th quarter. Waldron Private Wealth LLC now owns 4,647 shares of the restaurant operator's stock valued at $365,000 after purchasing an additional 199 shares during the last quarter. Institutional investors and hedge funds own 82.29% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on QSR. Barclays raised their target price on shares of Restaurant Brands International from $87.00 to $89.00 and gave the stock an "overweight" rating in a research report on Wednesday. Stephens reissued an "equal weight" rating and set a $75.00 price target on shares of Restaurant Brands International in a report on Tuesday, February 13th. Guggenheim upped their price objective on Restaurant Brands International from $70.00 to $74.00 and gave the company a "neutral" rating in a research note on Wednesday, February 14th. Scotiabank upped their price objective on Restaurant Brands International from $80.00 to $81.00 and gave the company an "outperform" rating in a research note on Monday, April 29th. Finally, Evercore ISI upped their price objective on Restaurant Brands International from $88.00 to $93.00 and gave the company an "outperform" rating in a research note on Wednesday, February 28th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eighteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $83.56.

Insider Activity

In related news, insider Jill Granat sold 23,322 shares of the company's stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $75.55, for a total transaction of $1,761,977.10. Following the completion of the sale, the insider now directly owns 406,860 shares of the company's stock, valued at approximately $30,738,273. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Restaurant Brands International news, insider Jill Granat sold 23,322 shares of the company's stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $75.55, for a total value of $1,761,977.10. Following the completion of the transaction, the insider now owns 406,860 shares in the company, valued at approximately $30,738,273. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Matthew Dunnigan sold 46,701 shares of the company's stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $75.55, for a total value of $3,528,260.55. Following the completion of the transaction, the chief financial officer now owns 128,154 shares of the company's stock, valued at approximately $9,682,034.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 380,200 shares of company stock valued at $28,828,182. Company insiders own 1.25% of the company's stock.

Restaurant Brands International Price Performance

Shares of QSR traded up $1.62 on Friday, reaching $75.83. The stock had a trading volume of 1,447,447 shares, compared to its average volume of 1,649,227. The firm has a market capitalization of $23.99 billion, a PE ratio of 19.54, a PEG ratio of 2.30 and a beta of 0.92. The company has a quick ratio of 0.94, a current ratio of 1.08 and a debt-to-equity ratio of 2.72. The firm has a 50-day moving average of $76.56 and a 200 day moving average of $74.74. Restaurant Brands International Inc. has a twelve month low of $61.77 and a twelve month high of $83.29.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last released its quarterly earnings results on Tuesday, April 30th. The restaurant operator reported $0.73 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.01. The business had revenue of $1.74 billion for the quarter, compared to analysts' expectations of $1.70 billion. Restaurant Brands International had a return on equity of 31.12% and a net margin of 17.17%. The company's revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.75 EPS. Sell-side analysts expect that Restaurant Brands International Inc. will post 3.37 EPS for the current year.

Restaurant Brands International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 21st will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, June 21st. This represents a $2.32 annualized dividend and a yield of 3.06%. Restaurant Brands International's dividend payout ratio is currently 59.79%.

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.