Advisory Services Network LLC Invests $184,000 in Restaurant Brands International Inc. (NYSE:QSR)

Advisory Services Network LLC acquired a new stake in Restaurant Brands International Inc. (NYSE:QSRFree Report) (TSE:QSR) in the 4th quarter, Holdings Channel reports. The fund acquired 2,349 shares of the restaurant operator’s stock, valued at approximately $184,000.

Other institutional investors also recently bought and sold shares of the company. Pacifica Partners Inc. increased its stake in Restaurant Brands International by 196.0% during the 4th quarter. Pacifica Partners Inc. now owns 370 shares of the restaurant operator’s stock valued at $27,000 after purchasing an additional 245 shares in the last quarter. Rise Advisors LLC grew its holdings in shares of Restaurant Brands International by 88.3% during the fourth quarter. Rise Advisors LLC now owns 371 shares of the restaurant operator’s stock valued at $29,000 after buying an additional 174 shares during the last quarter. Montag A & Associates Inc. purchased a new stake in shares of Restaurant Brands International during the fourth quarter valued at $30,000. Oakworth Capital Inc. acquired a new position in shares of Restaurant Brands International in the 4th quarter valued at $30,000. Finally, Fifth Third Bancorp raised its stake in Restaurant Brands International by 209.0% in the 4th quarter. Fifth Third Bancorp now owns 411 shares of the restaurant operator’s stock worth $32,000 after acquiring an additional 278 shares during the last quarter. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Restaurant Brands International Stock Performance

NYSE:QSR opened at $71.06 on Friday. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.00 and a current ratio of 1.08. The stock has a market capitalization of $22.48 billion, a PE ratio of 18.31, a P/E/G ratio of 2.15 and a beta of 0.92. Restaurant Brands International Inc. has a fifty-two week low of $61.77 and a fifty-two week high of $83.29. The company has a fifty day moving average of $72.21 and a two-hundred day moving average of $75.05.

Restaurant Brands International (NYSE:QSRGet Free Report) (TSE:QSR) last released its earnings results on Tuesday, April 30th. The restaurant operator reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. The business had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Restaurant Brands International had a net margin of 17.17% and a return on equity of 31.12%. The company’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.75 earnings per share. As a group, research analysts forecast that Restaurant Brands International Inc. will post 3.34 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 21st will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, June 21st. This represents a $2.32 annualized dividend and a yield of 3.26%. Restaurant Brands International’s dividend payout ratio (DPR) is currently 59.79%.

Insiders Place Their Bets

In related news, CEO Joshua Kobza sold 246,196 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $75.17, for a total transaction of $18,506,553.32. Following the completion of the sale, the chief executive officer now directly owns 595,764 shares in the company, valued at $44,783,579.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Ali Hedayat sold 8,537 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $74.75, for a total transaction of $638,140.75. Following the completion of the sale, the director now directly owns 22,881 shares in the company, valued at $1,710,354.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Joshua Kobza sold 246,196 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $75.17, for a total value of $18,506,553.32. Following the sale, the chief executive officer now owns 595,764 shares of the company’s stock, valued at $44,783,579.88. The disclosure for this sale can be found here. 1.36% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on QSR shares. Stephens reissued an “equal weight” rating and issued a $75.00 price objective on shares of Restaurant Brands International in a report on Tuesday, February 13th. Royal Bank of Canada reduced their price target on shares of Restaurant Brands International from $91.00 to $90.00 and set an “outperform” rating for the company in a research report on Wednesday, February 14th. Scotiabank upped their price objective on shares of Restaurant Brands International from $80.00 to $81.00 and gave the company an “outperform” rating in a report on Monday, April 29th. Genuity Capital Markets reduced their target price on shares of Restaurant Brands International from $74.00 to $73.00 and set a “neutral” rating for the company in a report on Thursday, May 30th. Finally, Barclays upped their price target on shares of Restaurant Brands International from $87.00 to $89.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $83.18.

View Our Latest Report on Restaurant Brands International

About Restaurant Brands International

(Free Report)

Restaurant Brands International Inc operates as a quick-service restaurant company in Canada, the United States, and internationally. It operates through four segments: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), and Firehouse Subs (FHS). The company owns and franchises TH chain of donut/coffee/tea restaurants that offer blend coffee, tea, and espresso-based hot and cold specialty drinks; and fresh baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, and other food products.

Read More

Want to see what other hedge funds are holding QSR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Restaurant Brands International Inc. (NYSE:QSRFree Report) (TSE:QSR).

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

Receive News & Ratings for Restaurant Brands International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Restaurant Brands International and related companies with MarketBeat.com's FREE daily email newsletter.