Cidel Asset Management Inc. Lowers Stock Holdings in Restaurant Brands International Inc. $QSR

Cidel Asset Management Inc. cut its position in Restaurant Brands International Inc. (NYSE:QSRFree Report) (TSE:QSR) by 24.1% in the second quarter, HoldingsChannel reports. The institutional investor owned 526,104 shares of the restaurant operator’s stock after selling 167,012 shares during the period. Restaurant Brands International makes up 1.8% of Cidel Asset Management Inc.’s portfolio, making the stock its 14th biggest holding. Cidel Asset Management Inc.’s holdings in Restaurant Brands International were worth $38,146,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of QSR. Allworth Financial LP lifted its stake in Restaurant Brands International by 6.4% during the 2nd quarter. Allworth Financial LP now owns 2,260 shares of the restaurant operator’s stock worth $164,000 after acquiring an additional 136 shares in the last quarter. Syon Capital LLC grew its position in Restaurant Brands International by 2.4% in the 2nd quarter. Syon Capital LLC now owns 6,137 shares of the restaurant operator’s stock valued at $445,000 after acquiring an additional 146 shares in the last quarter. Capital Analysts LLC grew its position in Restaurant Brands International by 20.6% in the 4th quarter. Capital Analysts LLC now owns 924 shares of the restaurant operator’s stock valued at $63,000 after acquiring an additional 158 shares in the last quarter. Private Advisor Group LLC increased its stake in Restaurant Brands International by 4.1% during the first quarter. Private Advisor Group LLC now owns 4,354 shares of the restaurant operator’s stock worth $322,000 after purchasing an additional 170 shares during the period. Finally, Applied Finance Capital Management LLC increased its stake in Restaurant Brands International by 1.9% during the fourth quarter. Applied Finance Capital Management LLC now owns 9,440 shares of the restaurant operator’s stock worth $644,000 after purchasing an additional 179 shares during the period. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Stock Down 2.3%

Shares of Restaurant Brands International stock opened at $78.36 on Wednesday. The company has a market capitalization of $27.33 billion, a P/E ratio of 21.07, a P/E/G ratio of 2.24 and a beta of 0.51. The company has a 50 day moving average of $75.92 and a 200 day moving average of $75.19. Restaurant Brands International Inc. has a 52-week low of $61.44 and a 52-week high of $81.96. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 2.49.

Restaurant Brands International (NYSE:QSRGet Free Report) (TSE:QSR) last issued its earnings results on Thursday, August 6th. The restaurant operator reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.03. The firm had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.52 billion. Restaurant Brands International had a net margin of 13.12% and a return on equity of 33.43%. The company’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.94 earnings per share. As a group, research analysts forecast that Restaurant Brands International Inc. will post 4.03 EPS for the current fiscal year.

Restaurant Brands International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 18th will be given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, September 18th. Restaurant Brands International’s dividend payout ratio (DPR) is 69.89%.

Wall Street Analyst Weigh In

QSR has been the subject of several recent research reports. Royal Bank Of Canada set a $85.00 price objective on shares of Restaurant Brands International and gave the company an “outperform” rating in a research note on Tuesday, July 28th. TD Cowen upped their target price on shares of Restaurant Brands International from $79.00 to $80.00 and gave the stock a “hold” rating in a research note on Thursday, July 9th. Guggenheim increased their target price on shares of Restaurant Brands International from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Morgan Stanley raised their price target on shares of Restaurant Brands International from $78.00 to $79.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 15th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Restaurant Brands International from $86.00 to $85.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Sixteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $84.00.

Get Our Latest Stock Report on Restaurant Brands International

Restaurant Brands International Company Profile

(Free Report)

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.

See Also

Want to see what other hedge funds are holding QSR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Restaurant Brands International Inc. (NYSE:QSRFree Report) (TSE:QSR).

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

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