Restaurant Brands International Inc. $QSR Shares Bought by Baupost Group LLC MA

Baupost Group LLC MA grew its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 4.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,049,562 shares of the restaurant operator’s stock after purchasing an additional 163,000 shares during the period. Restaurant Brands International comprises approximately 6.5% of Baupost Group LLC MA’s investment portfolio, making the stock its 7th largest holding. Baupost Group LLC MA owned 1.24% of Restaurant Brands International worth $268,445,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Avantax Advisory Services Inc. purchased a new stake in Restaurant Brands International during the first quarter worth $204,000. US Bancorp DE raised its position in shares of Restaurant Brands International by 50.1% in the first quarter. US Bancorp DE now owns 8,045 shares of the restaurant operator’s stock worth $536,000 after acquiring an additional 2,685 shares during the period. Jefferies Financial Group Inc. acquired a new position in shares of Restaurant Brands International in the first quarter worth about $216,000. Thoroughbred Financial Services LLC purchased a new stake in shares of Restaurant Brands International during the 1st quarter worth about $339,000. Finally, Vanguard Group Inc. boosted its stake in shares of Restaurant Brands International by 7.6% during the 1st quarter. Vanguard Group Inc. now owns 14,169,061 shares of the restaurant operator’s stock worth $944,538,000 after acquiring an additional 1,003,563 shares in the last quarter. 82.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on QSR shares. Weiss Ratings restated a “hold (c+)” rating on shares of Restaurant Brands International in a research note on Wednesday, October 8th. Piper Sandler dropped their price objective on Restaurant Brands International from $72.00 to $70.00 and set a “neutral” rating on the stock in a report on Friday, August 8th. Royal Bank Of Canada cut their price objective on Restaurant Brands International from $80.00 to $77.00 and set an “outperform” rating for the company in a research report on Friday, August 8th. Sanford C. Bernstein set a $78.00 target price on Restaurant Brands International in a research note on Friday, August 8th. Finally, Guggenheim increased their target price on Restaurant Brands International from $77.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, August 13th. Ten investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Restaurant Brands International presently has a consensus rating of “Hold” and a consensus target price of $75.23.

Insider Buying and Selling

In other Restaurant Brands International news, Director Ali Hedayat sold 7,000 shares of Restaurant Brands International stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $72.77, for a total value of $509,390.00. Following the sale, the director owned 18,962 shares in the company, valued at $1,379,864.74. The trade was a 26.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman J Patrick Doyle sold 43,597 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $69.80, for a total value of $3,043,070.60. Following the transaction, the chairman owned 193,855 shares of the company’s stock, valued at approximately $13,531,079. This represents a 18.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.25% of the company’s stock.

Restaurant Brands International Price Performance

QSR stock opened at $73.46 on Friday. Restaurant Brands International Inc. has a 1 year low of $58.71 and a 1 year high of $73.70. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.06 and a quick ratio of 0.98. The firm has a market capitalization of $24.08 billion, a PE ratio of 26.14, a price-to-earnings-growth ratio of 2.86 and a beta of 0.60. The business has a 50 day simple moving average of $68.44 and a 200-day simple moving average of $67.33.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Thursday, October 30th. The restaurant operator reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.03. Restaurant Brands International had a return on equity of 32.43% and a net margin of 9.95%.The business had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same period last year, the company earned $0.93 EPS. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. Equities research analysts anticipate that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Tuesday, December 23rd will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, December 23rd. Restaurant Brands International’s payout ratio is presently 88.26%.

Restaurant Brands International 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.