Restaurant Brands International Inc. (NYSE:QSR) Shares Bought by LPL Financial LLC

LPL Financial LLC boosted its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 2.7% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 65,857 shares of the restaurant operator’s stock after acquiring an additional 1,739 shares during the period. LPL Financial LLC’s holdings in Restaurant Brands International were worth $4,422,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. raised its position in Restaurant Brands International by 69.4% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 296,917 shares of the restaurant operator’s stock worth $19,202,000 after acquiring an additional 121,590 shares during the period. Pinnacle Associates Ltd. raised its position in Restaurant Brands International by 12.7% during the first quarter. Pinnacle Associates Ltd. now owns 5,093 shares of the restaurant operator’s stock worth $342,000 after acquiring an additional 575 shares during the period. Banco Santander S.A. raised its position in Restaurant Brands International by 2.8% during the first quarter. Banco Santander S.A. now owns 6,679 shares of the restaurant operator’s stock worth $448,000 after acquiring an additional 179 shares during the period. Achmea Investment Management B.V. grew its holdings in shares of Restaurant Brands International by 2,929.2% during the fourth quarter. Achmea Investment Management B.V. now owns 11,208 shares of the restaurant operator’s stock worth $679,000 after buying an additional 10,838 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in shares of Restaurant Brands International by 17.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 18,738 shares of the restaurant operator’s stock worth $1,211,000 after buying an additional 2,770 shares in the last quarter.

Restaurant Brands International Stock Up 0.6 %

QSR stock opened at $69.90 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.00 and a debt-to-equity ratio of 2.80. Restaurant Brands International Inc. has a twelve month low of $51.26 and a twelve month high of $78.30. The company’s 50 day moving average is $73.97 and its two-hundred day moving average is $70.76. The stock has a market cap of $21.83 billion, a P/E ratio of 21.25, a PEG ratio of 2.29 and a beta of 0.99.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Tuesday, August 8th. The restaurant operator reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.09. The business had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.75 billion. Restaurant Brands International had a net margin of 15.03% and a return on equity of 34.44%. Research analysts expect that Restaurant Brands International Inc. will post 3.21 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Investors of record on Wednesday, September 20th will be given a $0.55 dividend. The ex-dividend date of this dividend is Tuesday, September 19th. This represents a $2.20 dividend on an annualized basis and a yield of 3.15%. Restaurant Brands International’s dividend payout ratio (DPR) is 66.87%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on QSR. Evercore ISI upped their target price on shares of Restaurant Brands International from $87.00 to $88.00 and gave the stock an “outperform” rating in a report on Wednesday, August 9th. Northcoast Research raised shares of Restaurant Brands International from a “neutral” rating to a “buy” rating in a report on Tuesday, August 22nd. Oppenheimer upped their target price on shares of Restaurant Brands International from $81.00 to $83.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. Scotiabank upped their target price on shares of Restaurant Brands International from $81.00 to $82.00 and gave the stock a “sector outperform” rating in a report on Wednesday, August 9th. Finally, UBS Group upped their price objective on shares of Restaurant Brands International from $82.00 to $85.00 and gave the company a “buy” rating in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, Restaurant Brands International presently has an average rating of “Moderate Buy” and a consensus price target of $78.67.

Restaurant Brands International Company Profile

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.