Restaurant Brands International Inc (QSR) : Adi Capital Management reduced its stake in Restaurant Brands International Inc by 69.82% during the most recent quarter end. The investment management company now holds a total of 306,829 shares of Restaurant Brands International Inc which is valued at $14,552,899 after selling 709,915 shares in Restaurant Brands International Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Restaurant Brands International Inc makes up approximately 10.91% of Adi Capital Management’s portfolio.
Other Hedge Funds, Including , Cubist Systematic Strategies boosted its stake in QSR in the latest quarter, The investment management firm added 2,426 additional shares and now holds a total of 12,502 shares of Restaurant Brands International Inc which is valued at $592,970. Restaurant Brands International Inc makes up approx 0.03% of Cubist Systematic Strategies’s portfolio.Stratos Wealth Partners Ltd. reduced its stake in QSR by selling 810 shares or 12.79% in the most recent quarter. The Hedge Fund company now holds 5,523 shares of QSR which is valued at $261,956. Restaurant Brands International Inc makes up approx 0.02% of Stratos Wealth Partners Ltd.’s portfolio.Alliancebernstein boosted its stake in QSR in the latest quarter, The investment management firm added 845 additional shares and now holds a total of 21,198 shares of Restaurant Brands International Inc which is valued at $1,005,421.
Restaurant Brands International Inc opened for trading at $48.02 and hit $49.12 on the upside on Thursday, eventually ending the session at $48.53, with a gain of 2.13% or 1.01 points. The heightened volatility saw the trading volume jump to 19,93,609 shares. Company has a market cap of $11,345 M.
On the company’s financial health, Restaurant Brands International Inc reported $0.41 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.34. The company had revenue of $1040.20 million for the quarter, compared to analysts expectations of $1047.76 million. The company’s revenue was down -.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.30 EPS.
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.