The Restaurant Brands International (QSR) Stake Maintained by Valinor Management L.P.

The Restaurant Brands International (QSR) Stake Maintained by Valinor Management L.P.

Valinor Management L.P. maintained its position in Restaurant Brands International (NYSE:QSR) (TSE:QSR) during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 3,286,332 shares of the company’s stock at the end of the third quarter. Restaurant Brands International makes up 5.0% of Valinor Management L.P.’s investment portfolio, making the stock its 5th largest position. Valinor Management L.P.’s holdings in Restaurant Brands International were worth $146,504,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in QSR. Quadrature Capital Ltd purchased a new position in Restaurant Brands International during the second quarter valued at approximately $2,335,000. US Bancorp DE increased its stake in Restaurant Brands International by 0.5% in the second quarter. US Bancorp DE now owns 467,564 shares of the company’s stock valued at $19,450,000 after buying an additional 2,200 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in Restaurant Brands International by 322.4% in the second quarter. Tower Research Capital LLC TRC now owns 3,755 shares of the company’s stock valued at $202,000 after buying an additional 2,866 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Restaurant Brands International during the second quarter valued at $386,000. Finally, Vanguard Group Inc. increased its stake in Restaurant Brands International by 13.6% in the second quarter. Vanguard Group Inc. now owns 4,214,460 shares of the company’s stock valued at $175,321,000 after buying an additional 503,446 shares during the last quarter. Institutional investors and hedge funds own 72.66% of the company’s stock.

Shares of Restaurant Brands International (NYSE:QSR) opened at 49.04 on Thursday. The firm’s 50-day moving average is $48.48 and its 200-day moving average is $46.01. The stock has a market capitalization of $11.48 billion, a price-to-earnings ratio of 40.83 and a beta of 1.75. Restaurant Brands International has a 1-year low of $29.28 and a 1-year high of $50.20.

Restaurant Brands International (NYSE:QSR) last announced its earnings results on Monday, October 24th. The company reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.02. Restaurant Brands International had a return on equity of 20.84% and a net margin of 11.77%. The company earned $1.08 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same period last year, the company posted $0.34 earnings per share. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, analysts predict that Restaurant Brands International will post $1.56 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 4th. Stockholders of record on Thursday, December 8th were paid a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, December 6th. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.16. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.39%. Restaurant Brands International’s dividend payout ratio (DPR) is 56.67%.

Several research firms recently weighed in on QSR. Zacks Investment Research downgraded shares of Restaurant Brands International from a “hold” rating to a “sell” rating in a report on Tuesday. Credit Suisse Group AG reaffirmed a “neutral” rating and issued a $45.00 price objective on shares of Restaurant Brands International in a report on Friday, November 11th. Royal Bank Of Canada upped their price objective on shares of Restaurant Brands International from $49.00 to $54.00 and gave the stock an “outperform” rating in a report on Tuesday, October 25th. RBC Capital Markets upped their price objective on shares of Restaurant Brands International from $49.00 to $54.00 and gave the stock an “outperform” rating in a report on Tuesday, October 25th. Finally, Stephens raised shares of Restaurant Brands International from an “equal weight” rating to an “overweight” rating and set a $52.00 price objective for the company in a report on Wednesday, October 19th. Two analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $46.55.

Restaurant Brands International Company Profile

Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company operates approximately 19,000 restaurants in over 100 countries and the United States territories. Its Burger King (BK) and Tim Hortons (TH) brands have similar franchised business models. The Company operates through two segments: TH, which includes all operations of its Tim Hortons brand and BK, which includes all operations of its Burger King brand.

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