Restaurant Brands International Inc. (NYSE:QSR) Shares Bought by Baupost Group LLC MA

Baupost Group LLC MA lifted its position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 10,155.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,901,700 shares of the restaurant operator’s stock after acquiring an additional 2,873,406 shares during the period. Restaurant Brands International comprises approximately 5.5% of Baupost Group LLC MA’s holdings, making the stock its 7th largest holding. Baupost Group LLC MA owned about 0.89% of Restaurant Brands International worth $189,133,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in QSR. Vanguard Group Inc. raised its holdings in shares of Restaurant Brands International by 3.3% during the fourth quarter. Vanguard Group Inc. now owns 13,165,498 shares of the restaurant operator’s stock worth $858,101,000 after purchasing an additional 421,873 shares during the period. Norges Bank bought a new stake in shares of Restaurant Brands International during the 4th quarter valued at about $264,813,000. Geode Capital Management LLC raised its stake in Restaurant Brands International by 33.9% during the fourth quarter. Geode Capital Management LLC now owns 1,847,805 shares of the restaurant operator’s stock worth $123,137,000 after acquiring an additional 467,958 shares during the period. Scotia Capital Inc. lifted its holdings in Restaurant Brands International by 1.6% in the fourth quarter. Scotia Capital Inc. now owns 1,544,713 shares of the restaurant operator’s stock worth $100,462,000 after acquiring an additional 24,319 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Restaurant Brands International by 5.4% during the fourth quarter. Bank of New York Mellon Corp now owns 1,331,392 shares of the restaurant operator’s stock valued at $86,780,000 after purchasing an additional 68,456 shares during the last quarter. 82.29% of the stock is currently owned by institutional investors.

Restaurant Brands International Trading Up 2.5 %

Shares of NYSE QSR opened at $62.88 on Monday. 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 12 month low of $58.71 and a 12 month high of $77.24. The company has a market cap of $20.58 billion, a price-to-earnings ratio of 19.77, a P/E/G ratio of 1.77 and a beta of 0.72. The business has a fifty day simple moving average of $65.31 and a 200-day simple moving average of $66.69.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings data on Wednesday, February 12th. The restaurant operator reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.29). Restaurant Brands International had a net margin of 12.15% and a return on equity of 28.53%. Sell-side analysts predict that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 21st were given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 3.94%. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.58. The ex-dividend date was Friday, March 21st. Restaurant Brands International’s payout ratio is presently 77.99%.

Insider Buying and Selling at Restaurant Brands International

In related news, insider Duncan Fulton sold 15,974 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $62.48, for a total transaction of $998,055.52. Following the transaction, the insider now directly owns 45,248 shares of the company’s stock, valued at approximately $2,827,095.04. The trade was a 26.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Sami A. Siddiqui sold 18,477 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $62.35, for a total value of $1,152,040.95. Following the sale, the chief financial officer now owns 55,761 shares of the company’s stock, valued at $3,476,698.35. The trade was a 24.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 278,716 shares of company stock valued at $17,740,281 in the last three months. 1.36% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on QSR shares. Loop Capital reissued a “buy” rating on shares of Restaurant Brands International in a report on Tuesday, March 18th. Citigroup boosted their price target on shares of Restaurant Brands International from $65.00 to $67.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Wells Fargo & Company dropped their price objective on shares of Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 8th. TD Securities reissued a “hold” rating and set a $70.00 target price on shares of Restaurant Brands International in a research note on Tuesday, February 25th. Finally, 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 on the stock in a research note on Thursday, January 30th. One analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, Restaurant Brands International has an average rating of “Moderate Buy” and an average price target of $76.63.

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.