Cullen Investment Group LTD. Boosts Stock Position in Restaurant Brands International Inc. (NYSE:QSR)

Cullen Investment Group LTD. raised its holdings in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 7.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,562 shares of the restaurant operator’s stock after buying an additional 711 shares during the quarter. Cullen Investment Group LTD.’s holdings in Restaurant Brands International were worth $823,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pacifica Partners Inc. grew its holdings in Restaurant Brands International by 196.0% in the 4th quarter. Pacifica Partners Inc. now owns 370 shares of the restaurant operator’s stock valued at $27,000 after buying an additional 245 shares during the period. Rise Advisors LLC grew its holdings in Restaurant Brands International by 88.3% in the 4th quarter. Rise Advisors LLC now owns 371 shares of the restaurant operator’s stock valued at $29,000 after buying an additional 174 shares during the period. Oakworth Capital Inc. purchased a new stake in Restaurant Brands International in the 4th quarter valued at about $30,000. Montag A & Associates Inc. purchased a new stake in Restaurant Brands International in the 4th quarter valued at about $30,000. Finally, Fifth Third Bancorp grew its holdings in shares of Restaurant Brands International by 209.0% during the 4th quarter. Fifth Third Bancorp now owns 411 shares of the restaurant operator’s stock worth $32,000 after purchasing an additional 278 shares during the period. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Insider Activity

In other news, Director Ali Hedayat sold 8,537 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $74.75, for a total value of $638,140.75. Following the completion of the sale, the director now owns 22,881 shares in the company, valued at $1,710,354.75. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Joshua Kobza sold 246,196 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $75.17, for a total transaction of $18,506,553.32. Following the completion of the sale, the chief executive officer now directly owns 595,764 shares of the company’s stock, valued at $44,783,579.88. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Ali Hedayat sold 8,537 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $74.75, for a total value of $638,140.75. Following the sale, the director now directly owns 22,881 shares of the company’s stock, valued at $1,710,354.75. The disclosure for this sale can be found here. Insiders own 1.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on QSR. Truist Financial boosted their target price on Restaurant Brands International from $87.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Evercore ISI boosted their target price on Restaurant Brands International from $88.00 to $93.00 and gave the stock an “outperform” rating in a report on Wednesday, February 28th. Loop Capital boosted their target price on Restaurant Brands International from $86.00 to $93.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. TD Securities boosted their target price on Restaurant Brands International from $84.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Finally, Barclays boosted their target price on Restaurant Brands International from $87.00 to $89.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $83.21.

Restaurant Brands International Trading Down 0.6 %

Shares of Restaurant Brands International stock opened at $68.87 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.08 and a debt-to-equity ratio of 2.72. The firm has a market cap of $21.82 billion, a price-to-earnings ratio of 17.75, a price-to-earnings-growth ratio of 2.11 and a beta of 0.92. The business has a fifty day simple moving average of $70.92 and a 200-day simple moving average of $74.97. Restaurant Brands International Inc. has a fifty-two week low of $61.77 and a fifty-two week high of $83.29.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings data on Tuesday, April 30th. The restaurant operator reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.01. The business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.70 billion. Restaurant Brands International had a return on equity of 31.12% and a net margin of 17.17%. The company’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.75 earnings per share. On average, equities analysts forecast that Restaurant Brands International Inc. will post 3.37 EPS for the current fiscal year.

Restaurant Brands International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 21st will be issued a $0.58 dividend. The ex-dividend date is Friday, June 21st. This represents a $2.32 annualized dividend and a dividend yield of 3.37%. Restaurant Brands International’s dividend payout ratio (DPR) is 59.79%.

Restaurant Brands International Company 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.