Inkwell Capital LLC Acquires Shares of 51,701 Restaurant Brands International Inc. (NYSE:QSR)

Inkwell Capital LLC bought a new position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 51,701 shares of the restaurant operator’s stock, valued at approximately $3,370,000. Restaurant Brands International makes up about 3.6% of Inkwell Capital LLC’s investment portfolio, making the stock its 14th largest holding.

A number of other large investors have also recently made changes to their positions in QSR. Intech Investment Management LLC raised its position in Restaurant Brands International by 4.5% in the 3rd quarter. Intech Investment Management LLC now owns 9,486 shares of the restaurant operator’s stock valued at $685,000 after purchasing an additional 409 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Restaurant Brands International by 4.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 707,707 shares of the restaurant operator’s stock valued at $51,122,000 after buying an additional 30,035 shares during the last quarter. Cerity Partners LLC boosted its stake in shares of Restaurant Brands International by 28.7% during the third quarter. Cerity Partners LLC now owns 13,767 shares of the restaurant operator’s stock worth $993,000 after buying an additional 3,067 shares during the period. D.A. Davidson & CO. grew its holdings in shares of Restaurant Brands International by 2.2% during the third quarter. D.A. Davidson & CO. now owns 8,412 shares of the restaurant operator’s stock worth $607,000 after buying an additional 179 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in Restaurant Brands International by 17.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,754 shares of the restaurant operator’s stock valued at $126,000 after acquiring an additional 265 shares during the period. 82.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have weighed in on QSR. Oppenheimer lowered their target price on Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Barclays reduced their price objective on shares of Restaurant Brands International from $83.00 to $80.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. Guggenheim raised Restaurant Brands International from a “neutral” rating to a “buy” rating and cut their target price for the stock from $74.00 to $71.00 in a research note on Friday, January 24th. Loop Capital reaffirmed a “buy” rating on shares of Restaurant Brands International in a research note on Tuesday, March 18th. Finally, TD Securities restated a “hold” rating and issued a $70.00 price target on shares of Restaurant Brands International in a report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $77.08.

Restaurant Brands International Stock Down 6.1 %

QSR opened at $64.52 on Friday. The firm has a 50 day moving average price of $64.88 and a 200 day moving average price of $67.23. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. Restaurant Brands International Inc. has a 1 year low of $59.67 and a 1 year high of $79.28. The company has a market cap of $21.12 billion, a PE ratio of 20.29, a price-to-earnings-growth ratio of 1.77 and a beta of 0.95.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings data on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate 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 expect that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be given a dividend of $0.62 per share. The ex-dividend date is Friday, March 21st. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.84%. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.58. Restaurant Brands International’s dividend payout ratio (DPR) is presently 77.99%.

Insiders Place Their Bets

In other Restaurant Brands International news, CEO Joshua Kobza sold 12,420 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $64.20, for a total transaction of $797,364.00. Following the sale, the chief executive officer now directly owns 703,445 shares of the company’s stock, valued at approximately $45,161,169. This represents a 1.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sami A. Siddiqui sold 5,579 shares of Restaurant Brands International stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $64.20, for a total value of $358,171.80. Following the completion of the transaction, the chief financial officer now owns 27,266 shares of the company’s stock, valued at approximately $1,750,477.20. The trade was a 16.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 300,226 shares of company stock valued at $19,121,223 in the last ninety days. Corporate insiders own 1.36% of the company’s stock.

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.