Mercer Global Advisors Inc. ADV Trims Stock Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Mercer Global Advisors Inc. ADV reduced its stake in Restaurant Brands International Inc. (NYSE:QSR – Get Rating) (TSE:QSR) by 3.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,214 shares of the restaurant operator’s stock after selling 188 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Restaurant Brands International were worth $337,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in QSR. Legend Financial Advisors Inc. purchased a new stake in shares of Restaurant Brands International in the third quarter valued at $27,000. Spire Wealth Management lifted its position in Restaurant Brands International by 378.4% during the fourth quarter. Spire Wealth Management now owns 421 shares of the restaurant operator’s stock worth $27,000 after buying an additional 333 shares during the period. Optiver Holding B.V. purchased a new position in Restaurant Brands International during the third quarter worth about $32,000. RFP Financial Group LLC purchased a new position in Restaurant Brands International during the fourth quarter worth about $32,000. Finally, Accurate Wealth Management LLC purchased a new position in Restaurant Brands International during the fourth quarter worth about $44,000. 77.87% of the stock is currently owned by hedge funds and other institutional investors.

Restaurant Brands International Price Performance

Shares of NYSE QSR opened at $71.80 on Thursday. Restaurant Brands International Inc. has a fifty-two week low of $46.68 and a fifty-two week high of $74.20. The business has a 50 day moving average price of $68.41 and a two-hundred day moving average price of $66.46. The company has a quick ratio of 0.93, a current ratio of 1.01 and a debt-to-equity ratio of 3.05. The firm has a market cap of $22.35 billion, a PE ratio of 21.89, a price-to-earnings-growth ratio of 2.71 and a beta of 0.98.

Restaurant Brands International (NYSE:QSR – Get Rating) (TSE:QSR) last issued its quarterly earnings data on Tuesday, May 2nd. The restaurant operator reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.12. Restaurant Brands International had a return on equity of 35.70% and a net margin of 15.26%. The firm had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same quarter last year, the firm earned $0.64 EPS. Restaurant Brands International’s quarterly revenue was up 9.6% on a year-over-year basis. Sell-side analysts expect that Restaurant Brands International Inc. will post 3.08 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 6th. Shareholders of record on Thursday, June 22nd will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Wednesday, June 21st. This represents a $2.20 dividend on an annualized basis and a yield of 3.06%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 67.07%.

Insider Buying and Selling at Restaurant Brands International

In other Restaurant Brands International news, Director Ali Hedayat sold 7,772 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $72.54, for a total transaction of $563,780.88. Following the completion of the sale, the director now owns 17,677 shares in the company, valued at approximately $1,282,289.58. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Restaurant Brands International news, insider Sami A. Siddiqui sold 15,000 shares of the stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $72.40, for a total transaction of $1,086,000.00. Following the transaction, the insider now owns 116,634 shares of the company’s stock, valued at approximately $8,444,301.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Ali Hedayat sold 7,772 shares of the stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $72.54, for a total value of $563,780.88. Following the transaction, the director now directly owns 17,677 shares in the company, valued at approximately $1,282,289.58. The disclosure for this sale can be found here. Insiders sold a total of 101,772 shares of company stock worth $7,366,731 in the last 90 days. 1.25% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on QSR shares. Cowen reiterated a “market perform” rating and set a $72.00 target price on shares of Restaurant Brands International in a research report on Monday, February 27th. Stephens reiterated an “equal weight” rating and set a $63.00 target price on shares of Restaurant Brands International in a research report on Monday, February 27th. Scotiabank began coverage on Restaurant Brands International in a research report on Tuesday, March 28th. They set a “sector outperform” rating and a $72.00 target price on the stock. Citigroup cut their price objective on Restaurant Brands International from $72.00 to $70.00 and set a “neutral” rating on the stock in a report on Wednesday, February 15th. Finally, Royal Bank of Canada raised their price objective on Restaurant Brands International from $81.00 to $84.00 in a report on Wednesday, May 3rd. Eleven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Restaurant Brands International has a consensus rating of “Moderate Buy” and an average price target of $72.13.

Restaurant Brands International Profile

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Restaurant Brands International, Inc is a holding company, which engages in the operation of quick service restaurants. It operates through the following segments: Tim Hortons, Burger King, and Popeyes. The Tim Hortons segment provides donut, coffee, and tea restaurant services. The Burger King segment manages fast food hamburger restaurant.