Hound Partners LLC Grows Holdings in Restaurant Brands International Inc (QSR)

Hound Partners LLC raised its holdings in shares of Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) by 71.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,036,214 shares of the restaurant operator’s stock after acquiring an additional 2,105,381 shares during the quarter. Restaurant Brands International makes up 7.2% of Hound Partners LLC’s investment portfolio, making the stock its 7th largest holding. Hound Partners LLC’s holdings in Restaurant Brands International were worth $286,661,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Moneta Group Investment Advisors LLC grew its stake in Restaurant Brands International by 45.3% during the 1st quarter. Moneta Group Investment Advisors LLC now owns 2,885 shares of the restaurant operator’s stock valued at $164,000 after acquiring an additional 900 shares in the last quarter. Suntrust Banks Inc. grew its stake in shares of Restaurant Brands International by 3.8% in the 4th quarter. Suntrust Banks Inc. now owns 24,646 shares of the restaurant operator’s stock valued at $1,513,000 after buying an additional 902 shares in the last quarter. Water Island Capital LLC grew its stake in shares of Restaurant Brands International by 18.7% in the 4th quarter. Water Island Capital LLC now owns 5,938 shares of the restaurant operator’s stock valued at $365,000 after buying an additional 937 shares in the last quarter. Bank of Nova Scotia Trust Co. grew its stake in shares of Restaurant Brands International by 3.2% in the 4th quarter. Bank of Nova Scotia Trust Co. now owns 39,853 shares of the restaurant operator’s stock valued at $2,450,000 after buying an additional 1,236 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Restaurant Brands International by 12.5% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 11,321 shares of the restaurant operator’s stock valued at $696,000 after buying an additional 1,254 shares in the last quarter. 76.54% of the stock is currently owned by institutional investors.

QSR opened at $60.18 on Thursday. Restaurant Brands International Inc has a twelve month low of $53.09 and a twelve month high of $68.89. The company has a debt-to-equity ratio of 2.83, a current ratio of 1.20 and a quick ratio of 1.14. The company has a market capitalization of $14.74 billion, a P/E ratio of 28.66, a P/E/G ratio of 1.54 and a beta of 1.50.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results on Tuesday, April 24th. The restaurant operator reported $0.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.10. Restaurant Brands International had a return on equity of 26.99% and a net margin of 12.66%. The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same period in the previous year, the company earned $0.36 EPS. The company’s revenue for the quarter was up 25.3% on a year-over-year basis. equities analysts expect that Restaurant Brands International Inc will post 2.69 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 3rd. Investors of record on Tuesday, May 15th will be issued a $0.45 dividend. The ex-dividend date is Monday, May 14th. This represents a $1.80 annualized dividend and a yield of 2.99%. Restaurant Brands International’s dividend payout ratio (DPR) is currently 85.71%.

Several equities research analysts recently commented on the company. ValuEngine raised Restaurant Brands International from a “sell” rating to a “hold” rating in a research note on Saturday, June 2nd. TheStreet raised Restaurant Brands International from a “c+” rating to a “b” rating in a research note on Thursday, March 15th. Morgan Stanley raised Restaurant Brands International from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 26th. Mizuho assumed coverage on Restaurant Brands International in a research note on Thursday, March 15th. They issued a “buy” rating and a $65.00 price target for the company. Finally, Royal Bank of Canada lowered their price target on Restaurant Brands International from $78.00 to $72.00 and set an “outperform” rating for the company in a research note on Thursday, April 19th. Five research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Restaurant Brands International presently has a consensus rating of “Buy” and an average target price of $71.13.

About Restaurant Brands International

Restaurant Brands International Inc owns, operates, and franchises quick service restaurants under the Tim Hortons (TH), Burger King (BK), and Popeyes (PLK) brand names. The company operates through three segments: TH, BK, and PLK. Its restaurants offer blend coffee, tea, espresso-based hot and cold specialty drinks, donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, hamburgers, chicken and other specialty sandwiches, french fries, soft drinks, chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other food items.

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Institutional Ownership by Quarter for Restaurant Brands International (NYSE:QSR)

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