Trexquant Investment LP Takes Position in Restaurant Brands International Inc. (NYSE:QSR)

Trexquant Investment LP bought a new position in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 17,104 shares of the restaurant operator's stock, valued at approximately $1,115,000.

Several other institutional investors also recently modified their holdings of QSR. Venturi Wealth Management LLC grew its position in Restaurant Brands International by 213.6% during the 4th quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator's stock worth $30,000 after acquiring an additional 314 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Restaurant Brands International during the fourth quarter worth about $32,000. IFP Advisors Inc increased its stake in shares of Restaurant Brands International by 183.9% in the fourth quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator's stock valued at $41,000 after buying an additional 412 shares during the period. Physician Wealth Advisors Inc. bought a new position in Restaurant Brands International in the 4th quarter valued at approximately $60,000. Finally, Crewe Advisors LLC acquired a new stake in Restaurant Brands International during the 4th quarter worth approximately $74,000. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

QSR has been the subject of several recent research reports. Truist Financial decreased their price target on shares of Restaurant Brands International from $85.00 to $83.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Loop Capital reaffirmed a "buy" rating on shares of Restaurant Brands International in a research report on Tuesday, March 18th. Morgan Stanley decreased their price target on Restaurant Brands International from $81.00 to $73.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 21st. Robert W. Baird cut their price objective on Restaurant Brands International from $72.00 to $65.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Finally, Oppenheimer dropped their price target on shares of Restaurant Brands International from $86.00 to $77.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $76.63.

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Insiders Place Their Bets

In related news, CEO Joshua Kobza sold 93,619 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $62.35, for a total value of $5,837,144.65. Following the completion of the sale, the chief executive officer now owns 848,578 shares in the company, valued at $52,908,838.30. This trade represents a 9.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Sami A. Siddiqui sold 12,500 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $68.12, for a total value of $851,500.00. Following the transaction, the chief financial officer now owns 235,228 shares in the company, valued at $16,023,731.36. The trade was a 5.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 278,716 shares of company stock valued at $17,740,281 over the last quarter. Company insiders own 1.36% of the company's stock.

Restaurant Brands International Stock Down 0.6 %

QSR traded down $0.36 during trading hours on Tuesday, hitting $62.63. 711,101 shares of the company's stock were exchanged, compared to its average volume of 1,837,896. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75. Restaurant Brands International Inc. has a 12-month low of $58.71 and a 12-month high of $77.24. The firm has a market cap of $20.50 billion, a P/E ratio of 19.69, a price-to-earnings-growth ratio of 1.77 and a beta of 0.72. The firm has a 50 day moving average of $65.32 and a 200 day moving average of $66.63.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last released its earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.10 by ($0.29). Restaurant Brands International had a net margin of 12.15% and a return on equity of 28.53%. Analysts predict that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 21st were given a $0.62 dividend. The ex-dividend date was Friday, March 21st. This is a boost from Restaurant Brands International's previous quarterly dividend of $0.58. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.96%. Restaurant Brands International's dividend payout ratio is 77.99%.

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.