Hudson Bay Capital Management LP Makes New Investment in Restaurant Brands International Inc. $QSR

by · The Cerbat Gem

Hudson Bay Capital Management LP bought a new stake in Restaurant Brands International Inc. (NYSE:QSR – Free Report) (TSE:QSR) during the second quarter, Holdings Channel reports. The institutional investor bought 221,102 shares of the restaurant operator’s stock, valued at approximately $14,657,000.

A number of other hedge funds have also made changes to their positions in QSR. Legend Financial Advisors Inc. purchased a new position in Restaurant Brands International during the second quarter valued at approximately $33,000. CX Institutional boosted its stake in shares of Restaurant Brands International by 928.0% during the 2nd quarter. CX Institutional now owns 514 shares of the restaurant operator’s stock valued at $34,000 after buying an additional 464 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of Restaurant Brands International by 91.2% during the 1st quarter. Smartleaf Asset Management LLC now owns 545 shares of the restaurant operator’s stock valued at $35,000 after buying an additional 260 shares during the period. Cary Street Partners Investment Advisory LLC purchased a new position in shares of Restaurant Brands International during the 2nd quarter valued at $35,000. Finally, Elevation Point Wealth Partners LLC acquired a new position in shares of Restaurant Brands International in the second quarter worth $36,000. 82.29% of the stock is owned by hedge funds and other institutional investors.

Restaurant Brands International Trading Up 0.4%

NYSE:QSR opened at $70.73 on Monday. The company’s 50 day moving average is $68.89 and its 200-day moving average is $67.30. The company has a quick ratio of 0.98, a current ratio of 1.06 and a debt-to-equity ratio of 2.65. Restaurant Brands International Inc. has a 12 month low of $58.71 and a 12 month high of $73.70. The firm has a market cap of $23.19 billion, a price-to-earnings ratio of 25.17, a P/E/G ratio of 2.82 and a beta of 0.60.

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

Restaurant Brands International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Tuesday, December 23rd will be paid a $0.62 dividend. The ex-dividend date is Tuesday, December 23rd. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.5%. Restaurant Brands International’s payout ratio is presently 88.26%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on QSR shares. Robert W. Baird lifted their price objective on Restaurant Brands International from $68.00 to $72.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Northcoast Research downgraded Restaurant Brands International from a “buy” rating to a “neutral” rating in a research note on Friday, September 12th. Royal Bank Of Canada reiterated an “outperform” rating and set a $82.00 price target on shares of Restaurant Brands International in a report on Tuesday, December 9th. Oppenheimer restated an “outperform” rating and issued a $80.00 price objective on shares of Restaurant Brands International in a report on Tuesday, November 25th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Restaurant Brands International in a research report on Wednesday, October 8th. Ten research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $75.45.

Check Out Our Latest Stock Report on QSR

Insider Activity

In related news, Chairman J Patrick Doyle sold 43,597 shares of the business’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $69.80, for a total transaction of $3,043,070.60. Following the completion of the transaction, the chairman owned 193,855 shares of the company’s stock, valued at approximately $13,531,079. The trade was a 18.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ali Hedayat sold 7,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $72.77, for a total value of $509,390.00. Following the completion of the sale, the director directly owned 18,962 shares in the company, valued at $1,379,864.74. This trade represents a 26.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.25% of the stock is currently owned by insiders.

About Restaurant Brands International

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding QSR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Restaurant Brands International Inc. (NYSE:QSR – Free Report) (TSE:QSR).