Permian Investment Partners Lp Lowers stake in Restaurant Brands International Inc (QSR)

Restaurant Brands International Inc (QSR) : Permian Investment Partners Lp reduced its stake in Restaurant Brands International Inc by 35.24% during the most recent quarter end. The investment management company now holds a total of 1,283,369 shares of Restaurant Brands International Inc which is valued at $55,800,884 after selling 698,442 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 8.92% of Permian Investment Partners Lp’s portfolio.

Other Hedge Funds, Including , Sentry Investments Corp. added QSR to its portfolio by purchasing 502,900 company shares during the most recent quarter which is valued at $21,629,729. Restaurant Brands International Inc makes up approx 0.30% of Sentry Investments Corp.’s portfolio.Tiaa Cref Investment Management reduced its stake in QSR by selling 491,138 shares or 27.17% in the most recent quarter. The Hedge Fund company now holds 1,316,456 shares of QSR which is valued at $60,096,216. Restaurant Brands International Inc makes up approx 0.05% of Tiaa Cref Investment Management’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.

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