QS Investors LLC Has $1.97 Million Stake in Restaurant Brands International Inc. (QSR)

QS Investors LLC lessened its position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 71.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,417 shares of the restaurant operator’s stock after selling 78,600 shares during the period. QS Investors LLC’s holdings in Restaurant Brands International were worth $1,965,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Westpac Banking Corp grew its position in shares of Restaurant Brands International by 1,037.1% in the 1st quarter. Westpac Banking Corp now owns 1,933 shares of the restaurant operator’s stock valued at $108,000 after acquiring an additional 1,763 shares during the period. BNP Paribas Arbitrage SA grew its position in shares of Restaurant Brands International by 10.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,165 shares of the restaurant operator’s stock valued at $135,000 after acquiring an additional 200 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Restaurant Brands International by 10.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,228 shares of the restaurant operator’s stock valued at $179,000 after acquiring an additional 306 shares during the period. Commonwealth Bank of Australia grew its position in shares of Restaurant Brands International by 9.0% in the 2nd quarter. Commonwealth Bank of Australia now owns 3,167 shares of the restaurant operator’s stock valued at $197,000 after acquiring an additional 261 shares during the period. Finally, Cigna Investments Inc. New bought a new position in shares of Restaurant Brands International in the 2nd quarter valued at about $211,000. 76.64% of the stock is owned by institutional investors.

In other Restaurant Brands International news, EVP Jose E. Cil sold 132,911 shares of the stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $63.77, for a total transaction of $8,475,734.47. Following the completion of the transaction, the executive vice president now owns 174,631 shares in the company, valued at $11,136,218.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ali Hedayat bought 5,000 shares of the business’s stock in a transaction on Friday, August 4th. The shares were acquired at an average price of $61.32 per share, with a total value of $306,600.00. Following the transaction, the director now directly owns 25,966 shares of the company’s stock, valued at $1,592,235.12. The disclosure for this purchase can be found here. 3.05% of the stock is owned by company insiders.

ILLEGAL ACTIVITY WARNING: “QS Investors LLC Has $1.97 Million Stake in Restaurant Brands International Inc. (QSR)” was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this news story on another website, it was copied illegally and republished in violation of U.S. and international copyright law. The original version of this news story can be accessed at https://ledgergazette.com/2017/10/09/qs-investors-llc-has-1-97-million-stake-in-restaurant-brands-international-inc-qsr.html.

A number of research analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Restaurant Brands International from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. BidaskClub raised shares of Restaurant Brands International from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. CIBC raised shares of Restaurant Brands International from a “market perform” rating to an “outperform” rating and set a $70.00 price objective for the company in a research report on Wednesday, June 14th. Bank of America Corporation reissued a “neutral” rating and issued a $62.00 price objective (up previously from $58.00) on shares of Restaurant Brands International in a research report on Tuesday, June 13th. Finally, Scotiabank lifted their price objective on shares of Restaurant Brands International from $63.00 to $65.00 and gave the company an “outperform” rating in a research report on Thursday, August 3rd. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Restaurant Brands International currently has a consensus rating of “Buy” and an average price target of $67.60.

Shares of Restaurant Brands International Inc. (NYSE QSR) opened at 65.49 on Monday. Restaurant Brands International Inc. has a one year low of $42.35 and a one year high of $65.92. The company has a market cap of $15.47 billion, a P/E ratio of 45.83 and a beta of 1.77. The company’s 50 day moving average is $62.98 and its 200 day moving average is $60.16.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Wednesday, August 2nd. The restaurant operator reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.06. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.14 billion. Restaurant Brands International had a net margin of 12.66% and a return on equity of 22.71%. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.41 earnings per share. On average, equities analysts predict that Restaurant Brands International Inc. will post $1.90 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 3rd. Shareholders of record on Friday, September 15th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend was Thursday, September 14th. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.19. Restaurant Brands International’s dividend payout ratio (DPR) is currently 55.56%.

Restaurant Brands International declared that its Board of Directors has authorized a share repurchase program on Wednesday, August 2nd that allows the company to buyback $300.00 million in shares. This buyback authorization allows the restaurant operator to buy up to 2.1% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

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Other institutional investors and hedge funds have also recently made changes to their positions in the company. Westpac Banking Corp grew its position in shares of Restaurant Brands International by 1,037.1% in the 1st quarter. Westpac Banking Corp now owns 1,933 shares of the restaurant operator’s stock valued at $108,000 after acquiring an additional 1,763 shares during the period. BNP Paribas Arbitrage SA grew its position in shares of Restaurant Brands International by 10.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,165 shares of the restaurant operator’s stock valued at $135,000 after acquiring an additional 200 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Restaurant Brands International by 10.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,228 shares of the restaurant operator’s stock valued at $179,000 after acquiring an additional 306 shares during the period. Commonwealth Bank of Australia grew its position in shares of Restaurant Brands International by 9.0% in the 2nd quarter. Commonwealth Bank of Australia now owns 3,167 shares of the restaurant operator’s stock valued at $197,000 after acquiring an additional 261 shares during the period. Finally, Cigna Investments Inc. New bought a new position in shares of Restaurant Brands International in the 2nd quarter valued at about $211,000. 76.64% of the stock is owned by institutional investors.

In other Restaurant Brands International news, EVP Jose E. Cil sold 132,911 shares of the stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $63.77, for a total transaction of $8,475,734.47. Following the completion of the transaction, the executive vice president now owns 174,631 shares in the company, valued at $11,136,218.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ali Hedayat bought 5,000 shares of the business’s stock in a transaction on Friday, August 4th. The shares were acquired at an average price of $61.32 per share, with a total value of $306,600.00. Following the transaction, the director now directly owns 25,966 shares of the company’s stock, valued at $1,592,235.12. The disclosure for this purchase can be found here. 3.05% of the stock is owned by company insiders.

ILLEGAL ACTIVITY WARNING: “QS Investors LLC Has $1.97 Million Stake in Restaurant Brands International Inc. (QSR)” was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this news story on another website, it was copied illegally and republished in violation of U.S. and international copyright law. The original version of this news story can be accessed at https://ledgergazette.com/2017/10/09/qs-investors-llc-has-1-97-million-stake-in-restaurant-brands-international-inc-qsr.html.

A number of research analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Restaurant Brands International from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. BidaskClub raised shares of Restaurant Brands International from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. CIBC raised shares of Restaurant Brands International from a “market perform” rating to an “outperform” rating and set a $70.00 price objective for the company in a research report on Wednesday, June 14th. Bank of America Corporation reissued a “neutral” rating and issued a $62.00 price objective (up previously from $58.00) on shares of Restaurant Brands International in a research report on Tuesday, June 13th. Finally, Scotiabank lifted their price objective on shares of Restaurant Brands International from $63.00 to $65.00 and gave the company an “outperform” rating in a research report on Thursday, August 3rd. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Restaurant Brands International currently has a consensus rating of “Buy” and an average price target of $67.60.

Shares of Restaurant Brands International Inc. (NYSE QSR) opened at 65.49 on Monday. Restaurant Brands International Inc. has a one year low of $42.35 and a one year high of $65.92. The company has a market cap of $15.47 billion, a P/E ratio of 45.83 and a beta of 1.77. The company’s 50 day moving average is $62.98 and its 200 day moving average is $60.16.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Wednesday, August 2nd. The restaurant operator reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.06. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.14 billion. Restaurant Brands International had a net margin of 12.66% and a return on equity of 22.71%. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.41 earnings per share. On average, equities analysts predict that Restaurant Brands International Inc. will post $1.90 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 3rd. Shareholders of record on Friday, September 15th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend was Thursday, September 14th. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.19. Restaurant Brands International’s dividend payout ratio (DPR) is currently 55.56%.

Restaurant Brands International declared that its Board of Directors has authorized a share repurchase program on Wednesday, August 2nd that allows the company to buyback $300.00 million in shares. This buyback authorization allows the restaurant operator to buy up to 2.1% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Restaurant Brands International Company Profile

Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company had over 20,000 restaurants in more than 100 countries and the United States territories, as of December 31, 2016. It operates through two segments: Tim Hortons (TH) and Burger King (BK). Tim Hortons restaurants are quick service restaurants with a menu that includes blend coffee, tea, espresso-based hot and cold specialty drinks, baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps and soups, among others.

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

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