Aigen Investment Management LP Takes Position in Restaurant Brands International Inc. (NYSE:QSR)

Aigen Investment Management LP purchased a new position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) during the 4th quarter, HoldingsChannel reports. The fund purchased 4,721 shares of the restaurant operator’s stock, valued at approximately $369,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in QSR. Principal Financial Group Inc. raised its holdings in shares of Restaurant Brands International by 10.2% in the 3rd quarter. Principal Financial Group Inc. now owns 24,447 shares of the restaurant operator’s stock valued at $1,636,000 after acquiring an additional 2,266 shares in the last quarter. Larson Financial Group LLC increased its position in shares of Restaurant Brands International by 73,500.0% during the third quarter. Larson Financial Group LLC now owns 736 shares of the restaurant operator’s stock valued at $49,000 after buying an additional 735 shares during the period. Signaturefd LLC increased its position in shares of Restaurant Brands International by 4.2% during the third quarter. Signaturefd LLC now owns 5,043 shares of the restaurant operator’s stock valued at $336,000 after buying an additional 204 shares during the period. Syon Capital LLC bought a new position in Restaurant Brands International in the third quarter worth about $242,000. Finally, NBC Securities Inc. purchased a new stake in Restaurant Brands International in the third quarter worth about $304,000. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Wall Street Analysts Forecast Growth

QSR has been the subject of several recent research reports. TD Securities raised their price objective on Restaurant Brands International from $84.00 to $88.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Piper Sandler dropped their target price on shares of Restaurant Brands International from $84.00 to $82.00 and set a “neutral” rating for the company in a research report on Wednesday, May 1st. Evercore upped their price objective on Restaurant Brands International from $88.00 to $93.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Loop Capital lifted their price objective on shares of Restaurant Brands International from $86.00 to $93.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Finally, JPMorgan Chase & Co. upped their price objective on Restaurant Brands International from $78.00 to $82.00 and gave the company an “overweight” rating in a research report on Friday, February 16th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $83.56.

Restaurant Brands International Stock Up 0.5 %

Shares of QSR traded up $0.31 during midday trading on Friday, reaching $67.53. The stock had a trading volume of 1,312,421 shares, compared to its average volume of 2,070,797. The company has a market cap of $21.37 billion, a price-to-earnings ratio of 17.40, a PEG ratio of 2.07 and a beta of 0.92. The company’s fifty day simple moving average is $74.19 and its two-hundred day simple moving average is $75.10. Restaurant Brands International Inc. has a 1-year low of $61.77 and a 1-year high of $83.29. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.08 and a quick ratio of 1.00.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results on Tuesday, April 30th. The restaurant operator reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.01. The firm had revenue of $1.74 billion during 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 firm’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.75 earnings per share. Equities research analysts expect that Restaurant Brands International Inc. will post 3.34 earnings per share for the current year.

Restaurant Brands International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 21st will be paid a dividend of $0.58 per share. The ex-dividend date is Friday, June 21st. This represents a $2.32 annualized dividend and a yield of 3.44%. Restaurant Brands International’s dividend payout ratio is currently 59.79%.

Insider Activity

In other Restaurant Brands International news, CEO Joshua Kobza sold 246,196 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $75.17, for a total value of $18,506,553.32. Following the completion of the sale, the chief executive officer now owns 595,764 shares in the company, valued at $44,783,579.88. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Ali Hedayat sold 8,537 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $74.75, for a total value of $638,140.75. Following the completion of the sale, the director now owns 22,881 shares in the company, valued at approximately $1,710,354.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Joshua Kobza sold 246,196 shares of Restaurant Brands International stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $75.17, for a total value of $18,506,553.32. Following the completion of the sale, the chief executive officer now directly owns 595,764 shares in the company, valued at approximately $44,783,579.88. The disclosure for this sale can be found here. In the last three months, insiders sold 335,065 shares of company stock valued at $25,265,992. Insiders own 1.25% of the company’s stock.

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.