Restaurant Brands International Inc. (NYSE:QSR) Stock Position Lifted by Cetera Investment Advisers

Key Points

• Cetera Investment Advisers has increased its stake in Restaurant Brands International by 32.0%, holding 39,911 shares worth approximately $2.66 million.
• Several institutional investors have also raised their positions, with Geode Capital Management boosting their stake by 33.9% and Aviva PLC increasing theirs by an impressive 621.0%.
• Wall Street analysts have mixed forecasts for the company, with ten analysts giving a hold rating and twelve issuing buy ratings, while the average target price stands at $76.09.

Cetera Investment Advisers boosted its stake in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 32.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 39,911 shares of the restaurant operator's stock after acquiring an additional 9,669 shares during the period. Cetera Investment Advisers' holdings in Restaurant Brands International were worth $2,660,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. purchased a new stake in shares of Restaurant Brands International in the first quarter valued at approximately $204,000. Lincluden Management Ltd. grew its position in Restaurant Brands International by 5.6% during the first quarter. Lincluden Management Ltd. now owns 255,340 shares of the restaurant operator's stock worth $17,022,000 after buying an additional 13,627 shares during the period. Argonautica Private Wealth Management Inc. lifted its position in shares of Restaurant Brands International by 14.8% during the 1st quarter. Argonautica Private Wealth Management Inc. now owns 5,091 shares of the restaurant operator's stock valued at $339,000 after acquiring an additional 656 shares during the period. AE Wealth Management LLC boosted its stake in shares of Restaurant Brands International by 22.2% during the 1st quarter. AE Wealth Management LLC now owns 9,860 shares of the restaurant operator's stock worth $657,000 after acquiring an additional 1,792 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new position in Restaurant Brands International in the 1st quarter valued at approximately $63,000. 82.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on QSR. UBS Group cut their price target on Restaurant Brands International from $90.00 to $85.00 and set a "buy" rating for the company in a research note on Monday, May 5th. Scotiabank upgraded shares of Restaurant Brands International to a "hold" rating and set a $75.00 target price for the company in a research report on Wednesday, June 18th. Citigroup increased their price target on shares of Restaurant Brands International from $75.00 to $76.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. Loop Capital restated a "buy" rating on shares of Restaurant Brands International in a research report on Thursday, June 26th. Finally, CIBC lowered their target price on Restaurant Brands International from $78.00 to $77.00 and set an "outperformer" rating on the stock in a report on Friday, May 9th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $76.09.

Restaurant Brands International Stock Down 5.0%

Shares of NYSE QSR traded down $3.41 during trading on Thursday, reaching $65.19. 5,733,663 shares of the stock were exchanged, compared to its average volume of 1,864,124. The company has a market capitalization of $21.37 billion, a price-to-earnings ratio of 22.10, a price-to-earnings-growth ratio of 2.14 and a beta of 0.58. The business's 50-day moving average price is $68.29 and its 200 day moving average price is $66.41. The company has a quick ratio of 0.90, a current ratio of 0.96 and a debt-to-equity ratio of 2.84. Restaurant Brands International Inc. has a twelve month low of $58.71 and a twelve month high of $74.09.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last released its quarterly earnings results on Thursday, August 7th. The restaurant operator reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.03). The firm had revenue of $2.41 billion for the quarter, compared to analysts' expectations of $2.33 billion. Restaurant Brands International had a return on equity of 28.94% and a net margin of 10.82%. The business's quarterly revenue was up 15.9% on a year-over-year basis. During the same period last year, the firm earned $0.86 EPS. As a group, equities analysts forecast that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Tuesday, September 23rd will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.8%. 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 transaction of $4,905,600.00. Following the completion of the sale, the insider owned 182,897 shares of the company's stock, valued at approximately $12,817,421.76. This trade represents a 27.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.36% of the stock is currently owned by insiders.

Restaurant Brands International Company 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.