Chesapeake Capital Corp IL Purchases New Shares in Restaurant Brands International Inc. $QSR

Chesapeake Capital Corp IL bought a new position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 8,101 shares of the restaurant operator’s stock, valued at approximately $553,000.

Other large investors have also recently modified their holdings of the company. Steigerwald Gordon & Koch Inc. purchased a new position in shares of Restaurant Brands International in the 3rd quarter worth about $29,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in shares of Restaurant Brands International in the 4th quarter worth about $29,000. MassMutual Private Wealth & Trust FSB raised its position in shares of Restaurant Brands International by 41.0% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 1,032 shares of the restaurant operator’s stock worth $66,000 after purchasing an additional 300 shares during the last quarter. Cromwell Holdings LLC raised its position in shares of Restaurant Brands International by 45.6% in the 3rd quarter. Cromwell Holdings LLC now owns 1,079 shares of the restaurant operator’s stock worth $70,000 after purchasing an additional 338 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of Restaurant Brands International by 17.1% in the 4th quarter. Farther Finance Advisors LLC now owns 1,606 shares of the restaurant operator’s stock worth $110,000 after purchasing an additional 235 shares during the last quarter. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Key Stories Impacting Restaurant Brands International

Here are the key news stories impacting Restaurant Brands International this week:

• Positive Sentiment: Restaurant Brands International beat Q1 expectations, posting $0.86 EPS versus $0.83 expected and revenue of $2.26 billion versus $2.24 billion expected, with revenue up 7.3% year over year. Article Title
• Positive Sentiment: Analysts lifted targets after the earnings beat, including Scotiabank to $83, TD Cowen to $79, Wells Fargo to $80, and Robert W. Baird to $80, which supports the stock’s recent strength. Article Title
• Neutral Sentiment: Scotiabank maintained a “sector perform” rating and other firms kept neutral/equal-weight views, suggesting the rally is being tempered by cautious longer-term expectations. Article Title
• Neutral Sentiment: Restaurant Brands also declared a quarterly dividend of $0.65 per share, reinforcing its income appeal for investors. Article Title

Insider Activity

In related news, insider Thiago T. Santelmo sold 10,000 shares of the stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $75.41, for a total transaction of $754,100.00. Following the completion of the sale, the insider owned 78,560 shares in the company, valued at approximately $5,924,209.60. This trade represents a 11.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Joshua Kobza sold 200,000 shares of the stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $75.05, for a total value of $15,010,000.00. Following the sale, the chief executive officer owned 960,769 shares of the company’s stock, valued at $72,105,713.45. This represents a 17.23% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 441,490 shares of company stock valued at $32,375,140 in the last three months. 1.25% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on QSR shares. TD Cowen lifted their price target on Restaurant Brands International from $76.00 to $79.00 and gave the stock a “hold” rating in a research report on Wednesday. UBS Group upped their price target on Restaurant Brands International from $85.00 to $90.00 and gave the company a “buy” rating in a report on Monday. Guggenheim upped their price target on Restaurant Brands International from $79.00 to $80.00 and gave the company a “buy” rating in a report on Friday, February 27th. Robert W. Baird upped their price target on Restaurant Brands International from $72.00 to $80.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $86.00 price target on shares of Restaurant Brands International in a report on Thursday. Sixteen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $83.33.

Restaurant Brands International Stock Performance

Shares of QSR opened at $79.71 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.99 and a debt-to-equity ratio of 2.55. The business has a 50-day simple moving average of $75.55 and a two-hundred day simple moving average of $71.25. The stock has a market cap of $27.69 billion, a price-to-earnings ratio of 28.07, a PEG ratio of 2.22 and a beta of 0.53. Restaurant Brands International Inc. has a 52 week low of $61.33 and a 52 week high of $81.96.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its earnings results on Wednesday, May 6th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.03. Restaurant Brands International had a return on equity of 32.80% and a net margin of 9.96%.The firm had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter last year, the business posted $0.75 earnings per share. The firm’s revenue was up 7.3% on a year-over-year basis. On average, analysts expect that Restaurant Brands International Inc. will post 4.05 EPS for the current year.

Restaurant Brands International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Tuesday, June 23rd will be given a dividend of $0.65 per share. The ex-dividend date is Tuesday, June 23rd. This represents a $2.60 annualized dividend and a dividend yield of 3.3%. Restaurant Brands International’s dividend payout ratio (DPR) 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.