Vanguard Personalized Indexing Management LLC Raises Stock Position in Restaurant Brands International Inc. $QSR

Vanguard Personalized Indexing Management LLC lifted its position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 2.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,330 shares of the restaurant operator’s stock after acquiring an additional 239 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Restaurant Brands International were worth $685,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of QSR. Lincluden Management Ltd. raised its holdings in Restaurant Brands International by 81.3% during the second quarter. Lincluden Management Ltd. now owns 462,958 shares of the restaurant operator’s stock worth $30,682,000 after purchasing an additional 207,618 shares during the last quarter. Louisbourg Investments Inc. raised its stake in shares of Restaurant Brands International by 11.2% during the 2nd quarter. Louisbourg Investments Inc. now owns 74,109 shares of the restaurant operator’s stock worth $4,907,000 after buying an additional 7,440 shares during the last quarter. Baskin Financial Services Inc. boosted its position in shares of Restaurant Brands International by 1.3% in the 2nd quarter. Baskin Financial Services Inc. now owns 346,623 shares of the restaurant operator’s stock worth $22,990,000 after buying an additional 4,424 shares in the last quarter. Maryland State Retirement & Pension System purchased a new stake in shares of Restaurant Brands International in the 2nd quarter worth about $1,042,000. Finally, Hardy Reed LLC acquired a new stake in Restaurant Brands International in the 2nd quarter valued at about $267,000. 82.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

QSR has been the subject of a number of research reports. Northcoast Research cut shares of Restaurant Brands International from a “buy” rating to a “neutral” rating in a research report on Friday, September 12th. Royal Bank Of Canada dropped their price objective on shares of Restaurant Brands International from $80.00 to $77.00 and set an “outperform” rating for the company in a research note on Friday, August 8th. Morgan Stanley reduced their target price on Restaurant Brands International from $73.00 to $72.00 and set an “equal weight” rating on the stock in a research note on Monday, July 14th. Barclays lowered their target price on Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating on the stock in a report on Friday, August 8th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Restaurant Brands International in a report on Wednesday, October 8th. Eleven equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $75.21.

Restaurant Brands International Trading Up 0.6%

Shares of QSR stock opened at $67.77 on Tuesday. The firm’s 50-day simple moving average is $64.83 and its 200-day simple moving average is $66.33. The company has a debt-to-equity ratio of 2.69, a current ratio of 1.01 and a quick ratio of 0.95. Restaurant Brands International Inc. has a 1-year low of $58.71 and a 1-year high of $74.09. The firm has a market cap of $22.21 billion, a P/E ratio of 25.67, a PEG ratio of 2.93 and a beta of 0.65.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings results on Thursday, August 7th. The restaurant operator reported $0.94 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.03). The company had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.33 billion. Restaurant Brands International had a return on equity of 29.54% and a net margin of 9.43%.The business’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period last year, the company posted $0.86 EPS. As a group, equities analysts forecast that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 7th. Investors of record on Tuesday, September 23rd were issued a $0.62 dividend. The ex-dividend date was Tuesday, September 23rd. This represents a $2.48 dividend on an annualized basis and a yield of 3.7%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 93.94%.

Restaurant Brands International 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.