Restaurant Brands International Inc (NYSE:QSR) Shares Purchased by Squarepoint Ops LLC

Squarepoint Ops LLC raised its stake in shares of Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) by 265.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 72,308 shares of the restaurant operator’s stock after acquiring an additional 52,517 shares during the period. Squarepoint Ops LLC’s holdings in Restaurant Brands International were worth $5,144,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of QSR. Amundi Pioneer Asset Management Inc. grew its holdings in Restaurant Brands International by 12.3% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 116,381 shares of the restaurant operator’s stock worth $7,578,000 after acquiring an additional 12,723 shares during the period. Commonwealth Equity Services LLC grew its stake in shares of Restaurant Brands International by 12.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 8,872 shares of the restaurant operator’s stock worth $616,000 after purchasing an additional 975 shares during the period. Daiwa Securities Group Inc. increased its holdings in shares of Restaurant Brands International by 33.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 3,200 shares of the restaurant operator’s stock valued at $223,000 after purchasing an additional 800 shares in the last quarter. Wetherby Asset Management Inc. purchased a new position in shares of Restaurant Brands International in the 2nd quarter valued at about $229,000. Finally, Steward Partners Investment Advisory LLC acquired a new stake in shares of Restaurant Brands International in the second quarter valued at about $103,000. 77.55% of the stock is owned by institutional investors.

In other news, insider Alexandre Macedo sold 166,834 shares of the business’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $64.45, for a total value of $10,752,451.30. Following the completion of the transaction, the insider now directly owns 38,525 shares of the company’s stock, valued at $2,482,936.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 4.13% of the company’s stock.

QSR has been the topic of several recent analyst reports. Deutsche Bank restated a “hold” rating and set a $73.00 target price on shares of Restaurant Brands International in a research report on Wednesday, October 23rd. Longbow Research upgraded shares of Restaurant Brands International from an “underperform” rating to a “neutral” rating in a research report on Monday, September 30th. Cowen decreased their price target on Restaurant Brands International from $85.00 to $75.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 29th. Credit Suisse Group boosted their price target on Restaurant Brands International from $78.00 to $83.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 6th. Finally, KeyCorp lowered their price target on Restaurant Brands International from $85.00 to $78.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $77.63.

QSR stock opened at $65.35 on Wednesday. The company’s 50 day simple moving average is $66.68 and its 200-day simple moving average is $70.52. The firm has a market capitalization of $19.57 billion, a PE ratio of 24.85, a P/E/G ratio of 2.63 and a beta of 1.18. Restaurant Brands International Inc has a 12 month low of $50.20 and a 12 month high of $79.46. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.09 and a quick ratio of 1.05.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings data on Monday, October 28th. The restaurant operator reported $0.72 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.72. Restaurant Brands International had a net margin of 11.64% and a return on equity of 32.20%. The business had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same period last year, the company posted $0.53 EPS. The company’s revenue was up 6.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Restaurant Brands International Inc will post 2.69 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Tuesday, December 17th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend is Monday, December 16th. Restaurant Brands International’s dividend payout ratio (DPR) is presently 76.05%.

Restaurant Brands International 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.

Further Reading: What is the Gross Domestic Product (GDP)?

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

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