Cerity Partners LLC Has $1.68 Million Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Cerity Partners LLC lifted its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 72.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,181 shares of the restaurant operator’s stock after buying an additional 10,586 shares during the period. Cerity Partners LLC’s holdings in Restaurant Brands International were worth $1,678,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of QSR. Norges Bank acquired a new stake in Restaurant Brands International during the 4th quarter valued at $264,813,000. Meritage Group LP increased its holdings in Restaurant Brands International by 5,795.9% during the 4th quarter. Meritage Group LP now owns 3,301,689 shares of the restaurant operator’s stock valued at $215,204,000 after purchasing an additional 3,245,689 shares in the last quarter. Baupost Group LLC MA increased its holdings in Restaurant Brands International by 10,155.5% during the 4th quarter. Baupost Group LLC MA now owns 2,901,700 shares of the restaurant operator’s stock valued at $189,133,000 after purchasing an additional 2,873,406 shares in the last quarter. EdgePoint Investment Group Inc. increased its holdings in Restaurant Brands International by 26.6% during the 4th quarter. EdgePoint Investment Group Inc. now owns 12,819,570 shares of the restaurant operator’s stock valued at $834,478,000 after purchasing an additional 2,695,071 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in Restaurant Brands International by 967.0% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,087,542 shares of the restaurant operator’s stock valued at $70,793,000 after purchasing an additional 985,615 shares in the last quarter. 82.29% of the stock is owned by institutional investors and hedge funds.

Restaurant Brands International Price Performance

Shares of NYSE QSR opened at $69.23 on Monday. The business’s 50 day moving average price is $68.60 and its two-hundred day moving average price is $65.78. The company has a market cap of $22.69 billion, a PE ratio of 23.47, a price-to-earnings-growth ratio of 2.02 and a beta of 0.58. The company has a quick ratio of 0.90, a current ratio of 0.96 and a debt-to-equity ratio of 2.84. Restaurant Brands International Inc. has a twelve month low of $58.71 and a twelve month high of $74.09.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Thursday, May 8th. The restaurant operator reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.03). The business had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.17 billion. Restaurant Brands International had a return on equity of 28.94% and a net margin of 10.82%. Restaurant Brands International’s quarterly revenue was up 21.3% compared to the same quarter last year. During the same period last year, the firm earned $0.73 EPS. On average, analysts predict that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 8th. Stockholders of record on Tuesday, June 24th were issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date of this dividend was Tuesday, June 24th. Restaurant Brands International’s dividend payout ratio is presently 84.07%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Oppenheimer increased their price objective on Restaurant Brands International from $77.00 to $80.00 and gave the company an “outperform” rating in a research report on Tuesday, May 27th. Loop Capital reiterated a “buy” rating on shares of Restaurant Brands International in a research report on Thursday, June 26th. Melius assumed coverage on Restaurant Brands International in a research report on Monday, July 14th. They issued a “buy” rating and a $90.00 price objective on the stock. Robert W. Baird decreased their price objective on Restaurant Brands International from $72.00 to $65.00 and set a “neutral” rating on the stock in a research report on Monday, April 7th. Finally, UBS Group decreased their price objective on Restaurant Brands International from $90.00 to $85.00 and set a “buy” rating on the stock in a research report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $75.65.

Insider Activity

In other news, insider Jacqueline Friesner sold 70,000 shares of the business’s stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $70.08, for a total transaction of $4,905,600.00. Following the completion of the sale, the insider owned 182,897 shares in the company, valued at $12,817,421.76. The trade was a 27.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.36% of the stock is currently owned by corporate insiders.

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.