Qube Research & Technologies Ltd Makes New $2.27 Million Investment in Restaurant Brands International Inc. (NYSE:QSR)

Qube Research & Technologies Ltd acquired a new position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 35,228 shares of the restaurant operator’s stock, valued at approximately $2,270,000.

Other large investors have also added to or reduced their stakes in the company. Pflug Koory LLC bought a new stake in shares of Restaurant Brands International during the second quarter worth $46,000. McIlrath & Eck LLC lifted its position in shares of Restaurant Brands International by 102.8% during the second quarter. McIlrath & Eck LLC now owns 998 shares of the restaurant operator’s stock worth $64,000 after purchasing an additional 506 shares during the last quarter. Quadrant Capital Group LLC lifted its position in shares of Restaurant Brands International by 44.9% during the second quarter. Quadrant Capital Group LLC now owns 1,875 shares of the restaurant operator’s stock worth $121,000 after purchasing an additional 581 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of Restaurant Brands International during the second quarter worth $124,000. Finally, Captrust Financial Advisors lifted its position in shares of Restaurant Brands International by 21.3% during the first quarter. Captrust Financial Advisors now owns 2,031 shares of the restaurant operator’s stock worth $133,000 after purchasing an additional 357 shares during the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.

Several analysts have recently weighed in on QSR shares. Zacks Investment Research upgraded Restaurant Brands International from a “hold” rating to a “buy” rating and set a $67.00 target price for the company in a research report on Friday, July 9th. Stephens downgraded Restaurant Brands International from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $80.00 to $74.00 in a report on Tuesday, August 3rd. Credit Suisse Group lifted their price objective on Restaurant Brands International from $74.00 to $76.00 and gave the company an “outperform” rating in a report on Tuesday, August 3rd. TheStreet upgraded Restaurant Brands International from a “c+” rating to a “b” rating in a research note on Friday, July 30th. Finally, Wells Fargo & Company cut their target price on Restaurant Brands International from $90.00 to $83.00 and set an “overweight” rating on the stock in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Restaurant Brands International currently has an average rating of “Buy” and an average target price of $72.65.

Shares of QSR stock opened at $61.00 on Thursday. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.53 and a quick ratio of 1.47. The company has a market cap of $18.82 billion, a price-to-earnings ratio of 27.85, a PEG ratio of 1.79 and a beta of 1.17. The stock has a 50 day simple moving average of $63.36 and a 200-day simple moving average of $65.45. Restaurant Brands International Inc. has a 1-year low of $51.12 and a 1-year high of $71.12.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Thursday, July 29th. The restaurant operator reported $0.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.16. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.37 billion. Restaurant Brands International had a return on equity of 26.43% and a net margin of 12.50%. The business’s quarterly revenue was up 37.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.33 EPS. Analysts anticipate that Restaurant Brands International Inc. will post 2.82 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 5th. Investors of record on Tuesday, September 21st were paid a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 3.48%. The ex-dividend date was Monday, September 20th. Restaurant Brands International’s dividend payout ratio is currently 104.43%.

In other Restaurant Brands International news, COO Joshua Kobza sold 55,000 shares of the company’s stock in a transaction on Thursday, August 26th. The stock was sold at an average price of $64.92, for a total value of $3,570,600.00. Following the completion of the sale, the chief operating officer now directly owns 314,096 shares in the company, valued at approximately $20,391,112.32. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Ali Hedayat sold 10,000 shares of the stock in a transaction on Wednesday, September 1st. The stock was sold at an average price of $64.44, for a total value of $644,400.00. The disclosure for this sale can be found here. 1.88% of the stock is currently owned by corporate insiders.

About Restaurant Brands International

Restaurant Brands International, Inc is a holding company, which engages in the operation of quick service restaurants. It operates through the following segments: Tim Hortons, Burger King, and Popeyes. The Tim Hortons segment provides donut, coffee, and tea restaurant services. The Burger King segment manages fast food hamburger restaurant.

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Institutional Ownership by Quarter for Restaurant Brands International (NYSE:QSR)

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