Creative Planning increased its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 1,949.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,059 shares of the restaurant operator’s stock after buying an additional 40,958 shares during the period. Creative Planning’s holdings in Restaurant Brands International were worth $2,693,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. IFP Advisors Inc raised its position in Restaurant Brands International by 21.9% in the first quarter. IFP Advisors Inc now owns 1,817 shares of the restaurant operator’s stock valued at $101,000 after buying an additional 327 shares in the last quarter. Westpac Banking Corp raised its position in 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 buying an additional 1,763 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Restaurant Brands International by 10.5% in the first quarter. PNC Financial Services Group Inc. now owns 3,228 shares of the restaurant operator’s stock valued at $179,000 after buying an additional 306 shares in the last quarter. CI Global Investments Inc. bought a new position in Restaurant Brands International during the first quarter valued at about $183,000. Finally, SG Americas Securities LLC bought a new position in Restaurant Brands International during the first quarter valued at about $230,000. Institutional investors and hedge funds own 75.98% of the company’s stock.
Shares of Restaurant Brands International Inc. (NYSE QSR) opened at 61.52 on Friday. The firm has a market cap of $14.50 billion, a P/E ratio of 42.63 and a beta of 1.81. Restaurant Brands International Inc. has a 52-week low of $41.16 and a 52-week high of $62.94. The company has a 50 day moving average price of $60.36 and a 200-day moving average price of $54.85.
Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Wednesday, April 26th. The restaurant operator reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.01. Restaurant Brands International had a net margin of 12.97% and a return on equity of 21.88%. The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $989.16 million. During the same quarter last year, the firm earned $0.30 EPS. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. On average, analysts expect that Restaurant Brands International Inc. will post $1.84 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 6th. Investors of record on Monday, May 15th were given a $0.19 dividend. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.18. The ex-dividend date was Thursday, May 11th. This represents a $0.76 annualized dividend and a yield of 1.24%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 52.41%.
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Several research analysts have weighed in on QSR shares. Instinet started coverage on Restaurant Brands International in a report on Wednesday. They set a “buy” rating and a $73.00 target price on the stock. Nomura started coverage on Restaurant Brands International in a report on Wednesday. They set a “buy” rating and a $73.00 target price on the stock. BidaskClub upgraded Restaurant Brands International from a “hold” rating to a “buy” rating in a report on Wednesday, June 21st. Oppenheimer Holdings, Inc. upgraded 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. Finally, Bank of America Corporation reiterated a “neutral” rating and set a $62.00 target price (up from $58.00) on shares of Restaurant Brands International in a report on Tuesday, June 13th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $60.31.
In other Restaurant Brands International news, EVP Jose E. Cil sold 1,760 shares of the stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $59.75, for a total value of $105,160.00. Following the completion of the sale, the executive vice president now owns 22,855 shares in the company, valued at approximately $1,365,586.25. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Jose E. Cil sold 105,540 shares of the stock in a transaction dated Friday, June 16th. The shares were sold at an average price of $59.86, for a total transaction of $6,317,624.40. Following the completion of the sale, the executive vice president now owns 58,644 shares of the company’s stock, valued at approximately $3,510,429.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 250,000 shares of company stock worth $14,849,219. 4.20% of the stock is owned by insiders.
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.
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