Restaurant Brands International Inc (QSR) : Tiger Global Management reduced its stake in Restaurant Brands International Inc by 13.96% during the most recent quarter end. The investment management company now holds a total of 2,147,815 shares of Restaurant Brands International Inc which is valued at $92,377,523 after selling 348,398 shares in Restaurant Brands International Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Restaurant Brands International Inc makes up approximately 1.46% of Tiger Global Management’s portfolio.
Other Hedge Funds, Including , Pacific Global Investment Management Co boosted its stake in QSR in the latest quarter, The investment management firm added 118 additional shares and now holds a total of 8,444 shares of Restaurant Brands International Inc which is valued at $363,176. Restaurant Brands International Inc makes up approx 0.08% of Pacific Global Investment Management Co’s portfolio. Lord Abbett sold out all of its stake in QSR during the most recent quarter. The investment firm sold 235,991 shares of QSR which is valued $10,520,479.Teachers Advisors reduced its stake in QSR by selling 245,127 shares or 15.13% in the most recent quarter. The Hedge Fund company now holds 1,375,176 shares of QSR which is valued at $62,776,784. Restaurant Brands International Inc makes up approx 0.11% of Teachers Advisors’s portfolio.Stratos Wealth Partners Ltd. boosted its stake in QSR in the latest quarter, The investment management firm added 381 additional shares and now holds a total of 5,904 shares of Restaurant Brands International Inc which is valued at $262,256. Restaurant Brands International Inc makes up approx 0.02% of Stratos Wealth Partners Ltd.’s portfolio.
Restaurant Brands International Inc opened for trading at $45.92 and hit $46.42 on the upside on Monday, eventually ending the session at $46.2, with a gain of 0.46% or 0.21 points. The heightened volatility saw the trading volume jump to 6,94,262 shares. Company has a market cap of $10,816 M.
On the company’s financial health, Restaurant Brands International Inc reported $0.43 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Oct 24, 2016. Analyst had a consensus of $0.41. The company had revenue of $1075.70 million for the quarter, compared to analysts expectations of $1064.19 million. The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS.
Many Wall Street Analysts have commented on Restaurant Brands International Inc. Company shares were Reiterated by RBC Capital Mkts on Oct 25, 2016 to “Outperform”, Firm has raised the Price Target to $ 54 from a previous price target of $49 .Restaurant Brands International Inc was Downgraded by Longbow to ” Underperform” on Sep 26, 2016.
Restaurant Brands International Inc is the parent company for Tim Hortons Inc. and Burger King Worldwide Inc. The Company operates more than 18000 restaurants operating in 100 countries under its two distinct brands. Tim Hortons operates restaurant chains in North America and Canada. Operating in the quick service segment of the restaurant industry Tim Hortons menu includes premium coffee hot and cold specialty drinks (including lattes cappuccinos and espresso shots) specialty teas and fruit smoothies fresh baked goods grilled Panini and classic sandwiches wraps soups prepared foods and other food products. As of September 28 2014 Tim Hortons had 4590 system wide restaurants including 3665 in Canada 869 in the United States and 56 in the Gulf Cooperation Council. BURGER KING is a fast food hamburger chain. The BURGER KING system operates in approximately 14000 locations serving more than 11 million guests daily in 100 countries and territories globally.