Cullen Investment Group LTD. Buys 711 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Cullen Investment Group LTD. increased its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 7.2% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 10,562 shares of the restaurant operator’s stock after acquiring an additional 711 shares during the period. Cullen Investment Group LTD.’s holdings in Restaurant Brands International were worth $823,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Aviva PLC boosted its stake in Restaurant Brands International by 1.3% in the third quarter. Aviva PLC now owns 11,726 shares of the restaurant operator’s stock worth $784,000 after purchasing an additional 149 shares in the last quarter. Parallel Advisors LLC boosted its stake in Restaurant Brands International by 24.1% in the fourth quarter. Parallel Advisors LLC now owns 788 shares of the restaurant operator’s stock worth $62,000 after purchasing an additional 153 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Restaurant Brands International by 2.7% in the third quarter. PNC Financial Services Group Inc. now owns 6,348 shares of the restaurant operator’s stock worth $423,000 after purchasing an additional 168 shares in the last quarter. Rise Advisors LLC boosted its stake in Restaurant Brands International by 88.3% in the fourth quarter. Rise Advisors LLC now owns 371 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 174 shares in the last quarter. Finally, Waldron Private Wealth LLC boosted its stake in Restaurant Brands International by 4.5% in the fourth quarter. Waldron Private Wealth LLC now owns 4,647 shares of the restaurant operator’s stock worth $365,000 after purchasing an additional 199 shares in the last quarter. Institutional investors own 82.29% of the company’s stock.

Wall Street Analyst Weigh In

QSR has been the subject of a number of recent research reports. Barclays boosted their target price on Restaurant Brands International from $87.00 to $89.00 and gave the stock an “overweight” rating in a research 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 research report on Wednesday, May 1st. Citigroup boosted their target price on Restaurant Brands International from $78.00 to $79.00 and gave the stock a “neutral” rating in a research 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 research report on Wednesday, February 28th. Finally, TD Cowen restated a “buy” rating and set a $88.00 target price on shares of Restaurant Brands International in a research report on Thursday, June 13th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $83.21.

Restaurant Brands International Stock Down 0.6 %

QSR stock opened at $68.87 on Thursday. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.08 and a quick ratio of 1.00. The stock has a market capitalization of $21.82 billion, a P/E ratio of 17.75, a P/E/G ratio of 2.11 and a beta of 0.92. The business has a 50-day moving average of $70.92 and a 200-day 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 issued its quarterly earnings results on Tuesday, April 30th. The restaurant operator reported $0.73 EPS for the quarter, beating the consensus estimate of $0.72 by $0.01. Restaurant Brands International had a return on equity of 31.12% and a net margin of 17.17%. The firm had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.70 billion. During the same period in the prior year, the firm posted $0.75 earnings per share. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Restaurant Brands International Inc. will post 3.37 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 21st will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, June 21st. This represents a $2.32 annualized dividend and a yield of 3.37%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 59.79%.

Insider Activity at Restaurant Brands International

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

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.