Tower Research Capital LLC TRC Boosts Stake in Restaurant Brands International Inc. (QSR)

Tower Research Capital LLC TRC grew its holdings in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 82.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,446 shares of the restaurant operator’s stock after purchasing an additional 1,560 shares during the period. Tower Research Capital LLC TRC’s holdings in Restaurant Brands International were worth $280,000 at the end of the most recent quarter.

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

ILLEGAL ACTIVITY WARNING: This article was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this article on another website, it was stolen and republished in violation of international copyright laws. The correct version of this article can be accessed at https://ledgergazette.com/2017/10/10/tower-research-capital-llc-trc-boosts-stake-in-restaurant-brands-international-inc-qsr.html.

In related news, Director Ali Hedayat acquired 5,000 shares of Restaurant Brands International stock in a transaction dated Friday, August 4th. The shares were purchased at an average price of $61.32 per share, for a total transaction of $306,600.00. Following the completion of the transaction, the director now directly owns 25,966 shares in the company, valued at approximately $1,592,235.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Jose E. Cil sold 132,911 shares of Restaurant Brands International stock in a transaction that occurred on 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 sale, the executive vice president now owns 174,631 shares in the company, valued at approximately $11,136,218.87. The disclosure for this sale can be found here. Company insiders own 3.05% of the company’s stock.

QSR has been the topic of a number of analyst reports. CIBC raised shares of Restaurant Brands International from a “market perform” rating to an “outperform” rating and set a $70.00 target price on the stock in a report on Wednesday, June 14th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $69.00 target price on shares of Restaurant Brands International in a report on Monday, September 11th. Nomura initiated coverage on shares of Restaurant Brands International in a report on Wednesday, July 12th. They set a “buy” rating and a $73.00 target price on the stock. Zacks Investment Research lowered shares of Restaurant Brands International from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. Finally, Credit Suisse Group raised shares of Restaurant Brands International from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $60.00 to $74.00 in a report on Thursday, September 7th. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $67.60.

Shares of Restaurant Brands International Inc. (NYSE QSR) traded up 0.378% during trading on Tuesday, hitting $65.095. 235,664 shares of the stock were exchanged. Restaurant Brands International Inc. has a 52-week low of $42.35 and a 52-week high of $65.92. The stock has a market cap of $15.38 billion, a PE ratio of 45.553 and a beta of 1.77. The firm has a 50 day moving average of $63.10 and a 200-day moving average of $60.33.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data on Wednesday, August 2nd. The restaurant operator reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.06. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Restaurant Brands International had a net margin of 12.66% and a return on equity of 22.71%. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.41 earnings per share. Equities research analysts anticipate that Restaurant Brands International Inc. will post $1.90 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 3rd. Stockholders of record on Friday, September 15th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.80 annualized dividend and a dividend yield of 1.23%. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.19. Restaurant Brands International’s dividend payout ratio (DPR) is presently 55.56%.

Restaurant Brands International announced that its board has initiated a stock repurchase plan on Wednesday, August 2nd that authorizes the company to buyback $300.00 million in outstanding s

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

ILLEGAL ACTIVITY WARNING: This article was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this article on another website, it was stolen and republished in violation of international copyright laws. The correct version of this article can be accessed at https://ledgergazette.com/2017/10/10/tower-research-capital-llc-trc-boosts-stake-in-restaurant-brands-international-inc-qsr.html.

In related news, Director Ali Hedayat acquired 5,000 shares of Restaurant Brands International stock in a transaction dated Friday, August 4th. The shares were purchased at an average price of $61.32 per share, for a total transaction of $306,600.00. Following the completion of the transaction, the director now directly owns 25,966 shares in the company, valued at approximately $1,592,235.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Jose E. Cil sold 132,911 shares of Restaurant Brands International stock in a transaction that occurred on 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 sale, the executive vice president now owns 174,631 shares in the company, valued at approximately $11,136,218.87. The disclosure for this sale can be found here. Company insiders own 3.05% of the company’s stock.

QSR has been the topic of a number of analyst reports. CIBC raised shares of Restaurant Brands International from a “market perform” rating to an “outperform” rating and set a $70.00 target price on the stock in a report on Wednesday, June 14th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $69.00 target price on shares of Restaurant Brands International in a report on Monday, September 11th. Nomura initiated coverage on shares of Restaurant Brands International in a report on Wednesday, July 12th. They set a “buy” rating and a $73.00 target price on the stock. Zacks Investment Research lowered shares of Restaurant Brands International from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. Finally, Credit Suisse Group raised shares of Restaurant Brands International from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $60.00 to $74.00 in a report on Thursday, September 7th. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $67.60.

Shares of Restaurant Brands International Inc. (NYSE QSR) traded up 0.378% during trading on Tuesday, hitting $65.095. 235,664 shares of the stock were exchanged. Restaurant Brands International Inc. has a 52-week low of $42.35 and a 52-week high of $65.92. The stock has a market cap of $15.38 billion, a PE ratio of 45.553 and a beta of 1.77. The firm has a 50 day moving average of $63.10 and a 200-day moving average of $60.33.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data on Wednesday, August 2nd. The restaurant operator reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.06. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Restaurant Brands International had a net margin of 12.66% and a return on equity of 22.71%. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.41 earnings per share. Equities research analysts anticipate that Restaurant Brands International Inc. will post $1.90 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 3rd. Stockholders of record on Friday, September 15th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.80 annualized dividend and a dividend yield of 1.23%. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.19. Restaurant Brands International’s dividend payout ratio (DPR) is presently 55.56%.

Restaurant Brands International announced that its board has initiated a stock repurchase plan on Wednesday, August 2nd that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the restaurant operator to buy up to 2.1% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.

About Restaurant Brands International

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.

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

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