Restaurant Brands International Inc (QSR) Position Boosted by Forsta AP Fonden

Forsta AP Fonden increased its stake in Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) by 10.0% during the second quarter, HoldingsChannel.com reports. The fund owned 618,916 shares of the restaurant operator’s stock after buying an additional 56,400 shares during the period. Restaurant Brands International makes up about 1.4% of Forsta AP Fonden’s portfolio, making the stock its 15th biggest position. Forsta AP Fonden’s holdings in Restaurant Brands International were worth $37,310,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. HL Financial Services LLC lifted its stake in shares of Restaurant Brands International by 6.9% in the second quarter. HL Financial Services LLC now owns 12,475 shares of the restaurant operator’s stock worth $752,000 after acquiring an additional 800 shares during the period. Moneta Group Investment Advisors LLC lifted its stake in shares of Restaurant Brands International by 45.3% in the first quarter. Moneta Group Investment Advisors LLC now owns 2,885 shares of the restaurant operator’s stock worth $164,000 after acquiring an additional 900 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Restaurant Brands International by 56.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,722 shares of the restaurant operator’s stock worth $225,000 after acquiring an additional 1,337 shares during the period. Lenox Wealth Advisors LLC acquired a new position in shares of Restaurant Brands International in the second quarter worth approximately $103,000. Finally, Commonwealth Equity Services LLC lifted its stake in shares of Restaurant Brands International by 20.7% in the first quarter. Commonwealth Equity Services LLC now owns 10,054 shares of the restaurant operator’s stock worth $572,000 after acquiring an additional 1,723 shares during the period. 79.33% of the stock is currently owned by institutional investors.

A number of equities analysts recently commented on the company. ValuEngine lowered Restaurant Brands International from a “hold” rating to a “sell” rating in a research note on Thursday, August 23rd. Citigroup lifted their price objective on Restaurant Brands International from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, August 13th. Bank of America lifted their price objective on Restaurant Brands International from $62.00 to $65.00 and gave the stock a “neutral” rating in a research note on Thursday, August 2nd. Morgan Stanley lifted their price objective on Restaurant Brands International from $69.00 to $70.00 and gave the stock an “overweight” rating in a research note on Thursday, August 2nd. Finally, Scotiabank reaffirmed a “buy” rating and issued a $70.00 price objective on shares of Restaurant Brands International in a research note on Thursday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $71.27.

In other Restaurant Brands International news, Director Golnar Khosrowshahi purchased 5,670 shares of the company’s stock in a transaction on Monday, June 18th. The shares were purchased at an average cost of $60.34 per share, with a total value of $342,127.80. Following the completion of the purchase, the director now owns 5,670 shares in the company, valued at $342,127.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.78% of the stock is currently owned by insiders.

Shares of QSR opened at $58.59 on Friday. Restaurant Brands International Inc has a 52-week low of $53.09 and a 52-week high of $68.89. The company has a current ratio of 1.24, a quick ratio of 1.17 and a debt-to-equity ratio of 2.84. The company has a market capitalization of $14.53 billion, a price-to-earnings ratio of 27.90, a price-to-earnings-growth ratio of 1.54 and a beta of 1.40.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings results on Wednesday, August 1st. The restaurant operator reported $0.66 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.02. Restaurant Brands International had a return on equity of 28.10% and a net margin of 13.68%. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period in the previous year, the firm earned $0.51 earnings per share. The company’s revenue was up 18.6% compared to the same quarter last year. equities analysts predict that Restaurant Brands International Inc will post 2.7 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 1st. Shareholders of record on Friday, September 7th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 3.07%. The ex-dividend date is Thursday, September 6th. Restaurant Brands International’s dividend payout ratio (DPR) is presently 85.71%.

Restaurant Brands International Company Profile

Restaurant Brands International Inc owns, operates, and franchises quick service restaurants under the Tim Hortons (TH), Burger King (BK), and Popeyes (PLK) brand names. The company operates through three segments: TH, BK, and PLK. Its restaurants offer blend coffee, tea, espresso-based hot and cold specialty drinks, donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, hamburgers, chicken and other specialty sandwiches, french fries, soft drinks, chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other food items.

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

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