Fox Run Management L.L.C. Increases Stock Position in Restaurant Brands International Inc. $QSR

Fox Run Management L.L.C. boosted its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 59.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 19,448 shares of the restaurant operator’s stock after purchasing an additional 7,271 shares during the period. Fox Run Management L.L.C.’s holdings in Restaurant Brands International were worth $1,327,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Lloyd Advisory Services LLC. acquired a new position in Restaurant Brands International during the fourth quarter worth $25,000. Larson Financial Group LLC raised its position in Restaurant Brands International by 1,922.2% during the fourth quarter. Larson Financial Group LLC now owns 364 shares of the restaurant operator’s stock worth $25,000 after acquiring an additional 346 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in Restaurant Brands International during the fourth quarter worth $29,000. Global Retirement Partners LLC raised its position in Restaurant Brands International by 231.1% during the fourth quarter. Global Retirement Partners LLC now owns 970 shares of the restaurant operator’s stock worth $66,000 after acquiring an additional 677 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in Restaurant Brands International by 195.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,067 shares of the restaurant operator’s stock worth $73,000 after acquiring an additional 706 shares during the period. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Joshua Kobza sold 200,000 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $75.05, for a total transaction of $15,010,000.00. Following the completion of the sale, the chief executive officer directly owned 960,769 shares in the company, valued at approximately $72,105,713.45. This trade represents a 17.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffrey Housman sold 20,000 shares of the firm’s stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $73.48, for a total transaction of $1,469,600.00. Following the sale, the insider owned 162,077 shares of the company’s stock, valued at approximately $11,909,417.96. The trade was a 10.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 350,000 shares of company stock valued at $26,198,650 in the last quarter. Insiders own 1.22% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. TD Cowen upped their price objective on shares of Restaurant Brands International from $76.00 to $79.00 and gave the stock a “hold” rating in a research report on Wednesday, May 6th. Morgan Stanley upped their price objective on shares of Restaurant Brands International from $77.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 3rd. Scotiabank upped their price objective on shares of Restaurant Brands International from $81.00 to $83.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 7th. Truist Financial upped their price objective on shares of Restaurant Brands International from $83.00 to $87.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Finally, Stifel Nicolaus upgraded shares of Restaurant Brands International from a “hold” rating to a “buy” rating and upped their price objective for the stock from $68.00 to $90.00 in a research report on Monday, March 2nd. Seventeen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $83.54.

Restaurant Brands International Price Performance

Shares of NYSE QSR opened at $72.74 on Wednesday. The firm has a 50-day simple moving average of $76.60 and a 200-day simple moving average of $72.45. The stock has a market capitalization of $25.27 billion, a price-to-earnings ratio of 25.61, a price-to-earnings-growth ratio of 1.85 and a beta of 0.49. The company has a quick ratio of 0.90, a current ratio of 0.99 and a debt-to-equity ratio of 2.55. Restaurant Brands International Inc. has a 52 week low of $61.33 and a 52 week high of $81.96.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Wednesday, May 6th. The restaurant operator reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.03. The business had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Restaurant Brands International had a net margin of 9.96% and a return on equity of 32.80%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.75 earnings per share. On average, equities analysts predict that Restaurant Brands International Inc. will post 4.07 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Tuesday, June 23rd will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 3.6%. The ex-dividend date is Tuesday, June 23rd. Restaurant Brands International’s dividend payout ratio (DPR) is presently 91.55%.

Restaurant Brands International Profile

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.