Restaurant Brands International Inc. $QSR Stock Position Raised by Aviso Financial Inc.

Aviso Financial Inc. grew its position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 0.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 958,434 shares of the restaurant operator’s stock after buying an additional 5,248 shares during the quarter. Restaurant Brands International makes up about 2.9% of Aviso Financial Inc.’s investment portfolio, making the stock its 12th largest holding. Aviso Financial Inc. owned approximately 0.29% of Restaurant Brands International worth $63,565,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management acquired a new stake in Restaurant Brands International in the second quarter valued at approximately $19,126,000. Prudential Financial Inc. acquired a new position in shares of Restaurant Brands International during the 2nd quarter worth $1,090,000. Coldstream Capital Management Inc. raised its holdings in shares of Restaurant Brands International by 109.3% during the 2nd quarter. Coldstream Capital Management Inc. now owns 3,039 shares of the restaurant operator’s stock valued at $201,000 after purchasing an additional 1,587 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Restaurant Brands International by 37.7% in the 2nd quarter. American Century Companies Inc. now owns 75,670 shares of the restaurant operator’s stock valued at $5,019,000 after purchasing an additional 20,706 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in shares of Restaurant Brands International by 5,463.0% in the 2nd quarter. Rhumbline Advisers now owns 315,256 shares of the restaurant operator’s stock valued at $20,898,000 after purchasing an additional 309,589 shares during the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Restaurant Brands International in a report on Wednesday, October 8th. Robert W. Baird increased their price objective on Restaurant Brands International from $68.00 to $72.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Morgan Stanley set a $77.00 target price on Restaurant Brands International in a report on Tuesday, October 21st. Scotiabank upped their target price on Restaurant Brands International from $73.00 to $74.00 and gave the stock a “sector perform” rating in a research report on Friday, October 31st. Finally, Citigroup lifted their price target on shares of Restaurant Brands International from $72.00 to $74.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $74.76.

Restaurant Brands International Stock Down 0.7%

QSR stock opened at $70.04 on Tuesday. Restaurant Brands International Inc. has a twelve month low of $58.71 and a twelve month high of $72.32. The company has a quick ratio of 0.98, a current ratio of 1.06 and a debt-to-equity ratio of 2.65. The company has a market cap of $22.96 billion, a PE ratio of 24.93, a price-to-earnings-growth ratio of 2.80 and a beta of 0.63. The business’s 50-day simple moving average is $66.99 and its 200 day simple moving average is $67.11.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings data on Thursday, October 30th. The restaurant operator reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.03. The company had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.39 billion. Restaurant Brands International had a return on equity of 32.43% and a net margin of 9.95%.The company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the company earned $0.93 EPS. On average, research analysts anticipate that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Tuesday, December 23rd will be given a $0.62 dividend. The ex-dividend date is Tuesday, December 23rd. This represents a $2.48 dividend on an annualized basis and a yield of 3.5%. Restaurant Brands International’s payout ratio is 88.26%.

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.