Mercer Global Advisors Inc. ADV Has $793,000 Stock Position in Restaurant Brands International Inc. (NYSE:QSR)

Mercer Global Advisors Inc. ADV increased its position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 3.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 11,264 shares of the restaurant operator’s stock after purchasing an additional 395 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Restaurant Brands International were worth $793,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in QSR. Mather Group LLC. acquired a new position in Restaurant Brands International during the 1st quarter valued at about $25,000. Crewe Advisors LLC acquired a new position in Restaurant Brands International in the first quarter valued at approximately $48,000. Dixon Mitchell Investment Counsel Inc. bought a new position in Restaurant Brands International in the first quarter valued at approximately $59,000. Parallel Advisors LLC grew its holdings in Restaurant Brands International by 24.1% during the 4th quarter. Parallel Advisors LLC now owns 788 shares of the restaurant operator’s stock worth $62,000 after acquiring an additional 153 shares during the period. Finally, BNP Paribas Financial Markets lifted its stake in Restaurant Brands International by 22.2% in the first quarter. BNP Paribas Financial Markets now owns 1,117 shares of the restaurant operator’s stock valued at $89,000 after buying an additional 203 shares during the period. Institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Stock Performance

Shares of NYSE QSR opened at $70.85 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.71 and a debt-to-equity ratio of 2.71. The company has a market capitalization of $22.45 billion, a P/E ratio of 18.26, a P/E/G ratio of 2.13 and a beta of 0.93. Restaurant Brands International Inc. has a 12 month low of $61.77 and a 12 month high of $83.29. The stock has a 50 day moving average of $70.00 and a 200-day moving average of $71.77.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data on Thursday, August 8th. The restaurant operator reported $0.86 EPS for the quarter, beating the consensus estimate of $0.85 by $0.01. The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.05 billion. Restaurant Brands International had a net margin of 16.99% and a return on equity of 30.78%. As a group, equities research analysts predict that Restaurant Brands International Inc. will post 3.37 EPS for the current year.

Restaurant Brands International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 20th will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend is Friday, September 20th. Restaurant Brands International’s dividend payout ratio is presently 59.79%.

Insider Activity

In related news, insider Axel Mr Schwan sold 36,000 shares of Restaurant Brands International stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $70.44, for a total transaction of $2,535,840.00. Following the completion of the sale, the insider now directly owns 97,479 shares of the company’s stock, valued at approximately $6,866,420.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Restaurant Brands International news, insider Axel Mr Schwan sold 36,000 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $70.44, for a total transaction of $2,535,840.00. Following the transaction, the insider now owns 97,479 shares in the company, valued at approximately $6,866,420.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thomas Benjamin Curtis sold 6,536 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total transaction of $448,565.68. Following the completion of the sale, the insider now directly owns 37,179 shares of the company’s stock, valued at approximately $2,551,594.77. The disclosure for this sale can be found here. 1.36% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on QSR shares. KeyCorp lowered their target price on shares of Restaurant Brands International from $85.00 to $80.00 and set an “overweight” rating for the company in a research note on Thursday, June 27th. JPMorgan Chase & Co. raised their price objective on Restaurant Brands International from $80.00 to $84.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Piper Sandler decreased their target price on Restaurant Brands International from $82.00 to $75.00 and set a “neutral” rating for the company in a research note on Monday, August 12th. Genuity Capital Markets dropped their price target on Restaurant Brands International from $74.00 to $73.00 and set a “neutral” rating on the stock in a research report on Thursday, May 30th. Finally, Bank of America increased their target price on Restaurant Brands International from $72.00 to $79.00 and gave the stock an “underperform” rating in a research note on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $83.11.

About Restaurant Brands International

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.