Advisor Resource Council Takes Position in Restaurant Brands International Inc. (NYSE:QSR)

Advisor Resource Council acquired a new stake in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 4,992 shares of the restaurant operator's stock, valued at approximately $333,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Capital World Investors increased its holdings in shares of Restaurant Brands International by 2.0% during the 4th quarter. Capital World Investors now owns 43,418,188 shares of the restaurant operator's stock worth $2,829,974,000 after acquiring an additional 841,167 shares during the last quarter. Vanguard Group Inc. boosted its position in Restaurant Brands International by 3.3% during the fourth quarter. Vanguard Group Inc. now owns 13,165,498 shares of the restaurant operator's stock worth $858,101,000 after purchasing an additional 421,873 shares during the period. EdgePoint Investment Group Inc. boosted its position in Restaurant Brands International by 26.6% during the fourth quarter. EdgePoint Investment Group Inc. now owns 12,819,570 shares of the restaurant operator's stock worth $834,478,000 after purchasing an additional 2,695,071 shares during the period. Norges Bank acquired a new position in shares of Restaurant Brands International in the fourth quarter valued at $264,813,000. Finally, Meritage Group LP raised its position in shares of Restaurant Brands International by 5,795.9% in the fourth quarter. Meritage Group LP now owns 3,301,689 shares of the restaurant operator's stock valued at $215,204,000 after purchasing an additional 3,245,689 shares during the period. Institutional investors own 82.29% of the company's stock.

Analyst Ratings Changes

QSR has been the subject of several research analyst reports. Citigroup reduced their target price on shares of Restaurant Brands International from $67.00 to $66.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. UBS Group reduced their price objective on Restaurant Brands International from $90.00 to $85.00 and set a "buy" rating for the company in a report on Monday, May 5th. CIBC decreased their target price on Restaurant Brands International from $78.00 to $77.00 and set an "outperformer" rating on the stock in a research report on Friday, May 9th. Loop Capital reissued a "buy" rating on shares of Restaurant Brands International in a report on Tuesday, March 18th. Finally, Robert W. Baird decreased their price objective on Restaurant Brands International from $72.00 to $65.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Restaurant Brands International currently has an average rating of "Hold" and a consensus target price of $75.68.

Restaurant Brands International Price Performance

Shares of NYSE:QSR traded down $0.61 during midday trading on Wednesday, hitting $64.90. The stock had a trading volume of 3,411,097 shares, compared to its average volume of 1,963,691. The company's 50-day moving average price is $67.65 and its 200-day moving average price is $65.70. Restaurant Brands International Inc. has a fifty-two week low of $58.71 and a fifty-two week high of $75.07. The company has a quick ratio of 0.90, a current ratio of 0.96 and a debt-to-equity ratio of 2.84. The company has a market capitalization of $21.27 billion, a P/E ratio of 22.00, a price-to-earnings-growth ratio of 1.95 and a beta of 0.61.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last announced its quarterly earnings data on Thursday, May 8th. The restaurant operator reported $0.75 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.78 by ($0.03). Restaurant Brands International had a net margin of 10.82% and a return on equity of 28.94%. The firm had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same period last year, the business earned $0.73 earnings per share. The business's revenue was up 21.3% compared to the same quarter last year. As a group, equities research analysts predict that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Tuesday, June 24th will be paid a $0.62 dividend. The ex-dividend date of this dividend is Tuesday, June 24th. This represents a $2.48 annualized dividend and a dividend yield of 3.82%. Restaurant Brands International's payout ratio is 84.07%.

Insider Activity

In other news, insider Jacqueline Friesner sold 70,000 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $70.08, for a total value of $4,905,600.00. Following the sale, the insider now directly owns 182,897 shares in the company, valued at approximately $12,817,421.76. This trade represents a 27.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.36% of the company's stock.

Restaurant Brands International Profile

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.