Waratah Capital Advisors Ltd. Has $407,000 Stake in Restaurant Brands International Inc (QSR)

Waratah Capital Advisors Ltd. trimmed its stake in shares of Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) by 83.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,249 shares of the restaurant operator’s stock after selling 31,053 shares during the period. Waratah Capital Advisors Ltd.’s holdings in Restaurant Brands International were worth $407,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Voloridge Investment Management LLC purchased a new stake in shares of Restaurant Brands International during the fourth quarter valued at $963,000. Jarislowsky Fraser Ltd lifted its stake in Restaurant Brands International by 7.9% in the 4th quarter. Jarislowsky Fraser Ltd now owns 7,103,810 shares of the restaurant operator’s stock worth $370,950,000 after acquiring an additional 519,346 shares in the last quarter. TD Asset Management Inc. lifted its stake in Restaurant Brands International by 2.3% in the 4th quarter. TD Asset Management Inc. now owns 4,337,780 shares of the restaurant operator’s stock worth $226,523,000 after acquiring an additional 98,095 shares in the last quarter. Strs Ohio lifted its stake in Restaurant Brands International by 20.0% in the 4th quarter. Strs Ohio now owns 150,000 shares of the restaurant operator’s stock worth $7,845,000 after acquiring an additional 25,000 shares in the last quarter. Finally, Bank of Montreal Can lifted its stake in Restaurant Brands International by 2.0% in the 4th quarter. Bank of Montreal Can now owns 5,145,751 shares of the restaurant operator’s stock worth $269,123,000 after acquiring an additional 98,971 shares in the last quarter. 84.06% of the stock is owned by institutional investors and hedge funds.

QSR stock traded up $2.01 during mid-day trading on Thursday, hitting $68.38. The stock had a trading volume of 1,230,942 shares, compared to its average volume of 1,802,062. The company has a debt-to-equity ratio of 3.47, a current ratio of 1.10 and a quick ratio of 1.04. Restaurant Brands International Inc has a 1-year low of $50.20 and a 1-year high of $68.00. The firm has a market cap of $17.12 billion, a P/E ratio of 26.00, a PEG ratio of 2.64 and a beta of 1.39.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Monday, April 29th. The restaurant operator reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.04). Restaurant Brands International had a return on equity of 29.58% and a net margin of 11.16%. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same period in the previous year, the company earned $0.66 earnings per share. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. As a group, research analysts expect that Restaurant Brands International Inc will post 2.67 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Monday, June 17th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend is Friday, June 14th. Restaurant Brands International’s payout ratio is currently 76.05%.

Several equities research analysts recently issued reports on the company. ValuEngine raised Restaurant Brands International from a “hold” rating to a “buy” rating in a research note on Thursday, April 18th. Barclays increased their price objective on Restaurant Brands International from $73.00 to $77.00 and gave the stock an “overweight” rating in a research note on Thursday. Zacks Investment Research downgraded Restaurant Brands International from a “hold” rating to a “sell” rating in a research note on Monday, April 15th. Longbow Research downgraded Restaurant Brands International from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $70.50 to $55.00 in a research note on Monday. Finally, Jefferies Financial Group assumed coverage on Restaurant Brands International in a research note on Thursday, May 9th. They issued a “hold” rating and a $70.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Restaurant Brands International currently has a consensus rating of “Buy” and a consensus price target of $69.83.

In other Restaurant Brands International news, insider Jill Granat sold 35,621 shares of the company’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $62.30, for a total value of $2,219,188.30. Following the transaction, the insider now directly owns 276,457 shares of the company’s stock, valued at approximately $17,223,271.10. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Alexandre Macedo sold 100,000 shares of the company’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $62.03, for a total value of $6,203,000.00. Following the completion of the transaction, the insider now directly owns 289,864 shares in the company, valued at $17,980,263.92. The disclosure for this sale can be found here. Corporate insiders own 3.78% of the company’s stock.

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Restaurant Brands International Company Profile

Restaurant Brands International Inc owns, operates, and franchises quick service restaurants under the Tim Hortons (TH), Burger King (BK), and Popeyes (PLK) brand names. The company operates through three segments: TH, BK, and PLK. Its restaurants offer blend coffee, tea, espresso-based hot and cold specialty drinks, donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, hamburgers, chicken and other specialty sandwiches, french fries, soft drinks, chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other food items.

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

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