Dynamic Technology Lab Private Ltd Makes New Investment in Restaurant Brands International Inc. $QSR

Dynamic Technology Lab Private Ltd acquired a new position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) during the 4th quarter, HoldingsChannel reports. The fund acquired 37,367 shares of the restaurant operator’s stock, valued at approximately $2,550,000. Restaurant Brands International comprises 0.6% of Dynamic Technology Lab Private Ltd’s investment portfolio, making the stock its 11th largest position.

Other hedge funds have also added to or reduced their stakes in the company. Hillsdale Investment Management Inc. raised its position in Restaurant Brands International by 23,154.1% in the third quarter. Hillsdale Investment Management Inc. now owns 39,532 shares of the restaurant operator’s stock worth $2,535,000 after acquiring an additional 39,362 shares during the period. Fiera Capital Corp raised its position in Restaurant Brands International by 38.2% in the fourth quarter. Fiera Capital Corp now owns 6,835,522 shares of the restaurant operator’s stock worth $466,595,000 after acquiring an additional 1,889,359 shares during the period. Geode Capital Management LLC raised its position in Restaurant Brands International by 6.0% in the fourth quarter. Geode Capital Management LLC now owns 5,216,985 shares of the restaurant operator’s stock worth $365,279,000 after acquiring an additional 295,935 shares during the period. UBS Group AG raised its position in Restaurant Brands International by 37.0% in the fourth quarter. UBS Group AG now owns 1,408,839 shares of the restaurant operator’s stock worth $96,125,000 after acquiring an additional 380,635 shares during the period. Finally, EdgePoint Investment Group Inc. raised its position in Restaurant Brands International by 15.4% in the third quarter. EdgePoint Investment Group Inc. now owns 14,903,208 shares of the restaurant operator’s stock worth $955,855,000 after acquiring an additional 1,983,354 shares during the period. Institutional investors own 82.29% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Oppenheimer lifted their price objective on shares of Restaurant Brands International from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 18th. Sanford C. Bernstein set a $82.00 price target on shares of Restaurant Brands International in a research report on Friday, February 13th. BMO Capital Markets lowered their price target on shares of Restaurant Brands International from $83.00 to $81.00 and set an “outperform” rating on the stock in a research report on Friday, February 13th. CL King set a $81.00 price target on shares of Restaurant Brands International in a research report on Thursday, May 7th. Finally, KeyCorp boosted their price target on shares of Restaurant Brands International from $78.00 to $90.00 and gave the company an “overweight” rating in a research report on Monday, April 20th. Seventeen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Restaurant Brands International currently has an average rating of “Moderate Buy” and an average target price of $83.54.

Insider Activity at Restaurant Brands International

In related news, insider Jill Granat sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $74.76, for a total transaction of $1,869,000.00. Following the completion of the transaction, the insider owned 478,845 shares of the company’s stock, valued at approximately $35,798,452.20. The trade was a 4.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jacqueline Friesner sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $74.61, for a total transaction of $2,238,300.00. Following the transaction, the insider directly owned 165,727 shares of the company’s stock, valued at approximately $12,364,891.47. This represents a 15.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 350,000 shares of company stock valued at $26,198,650 in the last quarter. 1.22% of the stock is currently owned by company insiders.

Restaurant Brands International Stock Performance

NYSE QSR opened at $74.99 on Friday. The company’s 50 day moving average is $76.59 and its 200-day moving average is $72.52. Restaurant Brands International Inc. has a 12-month low of $61.33 and a 12-month high of $81.96. The company has a quick ratio of 0.90, a current ratio of 0.99 and a debt-to-equity ratio of 2.55. The firm has a market cap of $26.05 billion, a P/E ratio of 26.40, a price-to-earnings-growth ratio of 1.91 and a beta of 0.49.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Wednesday, May 6th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.03. Restaurant Brands International had a net margin of 9.96% and a return on equity of 32.80%. The company had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same quarter in the previous year, the firm posted $0.75 earnings per share. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. Sell-side analysts predict that Restaurant Brands International Inc. will post 4.07 earnings per share for the current 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 paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a $2.60 annualized dividend and a yield of 3.5%. Restaurant Brands International’s payout ratio is currently 91.55%.

Restaurant Brands International Company 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.