Fiera Capital Corp Purchases 2,147 Shares of Restaurant Brands International Inc. $QSR

Fiera Capital Corp lifted its holdings in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 0.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,221,623 shares of the restaurant operator’s stock after purchasing an additional 2,147 shares during the quarter. Fiera Capital Corp owned 1.29% of Restaurant Brands International worth $279,861,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Raleigh Capital Management Inc. grew its stake in shares of Restaurant Brands International by 2.2% in the 2nd quarter. Raleigh Capital Management Inc. now owns 6,937 shares of the restaurant operator’s stock worth $460,000 after buying an additional 151 shares in the last quarter. Ritholtz Wealth Management grew its position in Restaurant Brands International by 3.6% in the second quarter. Ritholtz Wealth Management now owns 4,983 shares of the restaurant operator’s stock worth $330,000 after acquiring an additional 174 shares in the last quarter. UMB Bank n.a. grew its position in Restaurant Brands International by 49.3% in the second quarter. UMB Bank n.a. now owns 606 shares of the restaurant operator’s stock worth $40,000 after acquiring an additional 200 shares in the last quarter. Moloney Securities Asset Management LLC increased its stake in Restaurant Brands International by 0.9% during the second quarter. Moloney Securities Asset Management LLC now owns 23,474 shares of the restaurant operator’s stock worth $1,556,000 after acquiring an additional 205 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in Restaurant Brands International by 23.7% during the second quarter. Farther Finance Advisors LLC now owns 1,227 shares of the restaurant operator’s stock valued at $81,000 after purchasing an additional 235 shares during the period. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Stock Up 0.3%

NYSE:QSR opened at $69.11 on Thursday. The company has a market cap of $22.65 billion, a price-to-earnings ratio of 24.59, a price-to-earnings-growth ratio of 2.74 and a beta of 0.63. Restaurant Brands International Inc. has a twelve month low of $58.71 and a twelve month high of $72.32. The company has a current ratio of 1.06, a quick ratio of 0.98 and a debt-to-equity ratio of 2.65. The stock has a fifty day simple moving average of $65.99 and a 200-day simple moving average of $66.94.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Thursday, October 30th. The restaurant operator reported $1.03 EPS for the quarter, topping the consensus estimate of $1.00 by $0.03. Restaurant Brands International had a net margin of 9.95% and a return on equity of 32.43%. The company had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter last year, the firm posted $0.93 EPS. The firm’s revenue was up 6.9% compared to the same quarter last year. Analysts anticipate that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Tuesday, December 23rd will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Tuesday, December 23rd. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.6%. Restaurant Brands International’s dividend payout ratio (DPR) is 88.26%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Guggenheim boosted their target price on Restaurant Brands International from $77.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, August 13th. Sanford C. Bernstein set a $78.00 price objective on shares of Restaurant Brands International in a research note on Friday, August 8th. Argus cut shares of Restaurant Brands International from a “buy” rating to a “hold” rating in a research report on Friday, August 15th. Robert W. Baird raised their target price on shares of Restaurant Brands International from $68.00 to $72.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Finally, Bank of America dropped their price target on shares of Restaurant Brands International from $62.00 to $60.00 and set an “underperform” rating for the company in a research note on Friday, July 18th. Nine investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Restaurant Brands International presently has a consensus rating of “Hold” and an average price target of $74.76.

About Restaurant Brands International

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.