Cetera Investment Advisers Acquires 707 Shares of Restaurant Brands International Inc. $QSR

Cetera Investment Advisers lifted its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 1.8% in the second quarter, according to its most recent filing with the SEC. The firm owned 40,618 shares of the restaurant operator’s stock after acquiring an additional 707 shares during the period. Cetera Investment Advisers’ holdings in Restaurant Brands International were worth $2,693,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in QSR. Davis Selected Advisers lifted its stake in Restaurant Brands International by 1.4% during the second quarter. Davis Selected Advisers now owns 3,419,715 shares of the restaurant operator’s stock worth $226,693,000 after purchasing an additional 47,204 shares during the period. Geode Capital Management LLC lifted its position in shares of Restaurant Brands International by 112.8% during the 2nd quarter. Geode Capital Management LLC now owns 4,296,050 shares of the restaurant operator’s stock worth $286,172,000 after buying an additional 2,277,694 shares during the period. Boston Partners boosted its stake in Restaurant Brands International by 8.4% in the 2nd quarter. Boston Partners now owns 21,542 shares of the restaurant operator’s stock valued at $1,428,000 after buying an additional 1,670 shares in the last quarter. Vise Technologies Inc. bought a new stake in Restaurant Brands International in the second quarter valued at $265,000. Finally, Aviva PLC raised its stake in Restaurant Brands International by 141.0% during the second quarter. Aviva PLC now owns 233,337 shares of the restaurant operator’s stock worth $15,475,000 after acquiring an additional 136,507 shares in the last quarter. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

QSR has been the topic of several recent analyst reports. Morgan Stanley set a $77.00 target price on shares of Restaurant Brands International in a research note on Tuesday, October 21st. Sanford C. Bernstein set a $78.00 price target on shares of Restaurant Brands International in a research report on Friday, August 8th. Citigroup raised their price objective on shares of Restaurant Brands International from $72.00 to $74.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. Barclays cut their target price on shares of Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a research note on Friday, August 8th. Finally, Scotiabank increased their price target 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. 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $74.76.

Restaurant Brands International Price Performance

Shares of QSR stock opened at $72.89 on Friday. Restaurant Brands International Inc. has a 1 year low of $58.71 and a 1 year high of $73.13. The company has a current ratio of 1.06, a quick ratio of 0.98 and a debt-to-equity ratio of 2.65. The firm’s 50 day moving average is $67.69 and its 200-day moving average is $67.24. The firm has a market capitalization of $23.89 billion, a price-to-earnings ratio of 25.94, a PEG ratio of 2.87 and a beta of 0.63.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings results on Thursday, October 30th. The restaurant operator reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.03. Restaurant Brands International had a net margin of 9.95% and a return on equity of 32.43%. The business had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same quarter last year, the business posted $0.93 earnings per share. Restaurant Brands International’s revenue for the quarter was up 6.9% compared to the same quarter last year. Sell-side analysts forecast that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Tuesday, December 23rd will be given a dividend of $0.62 per share. The ex-dividend date is Tuesday, December 23rd. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.4%. Restaurant Brands International’s payout ratio is presently 88.26%.

Insider Transactions at Restaurant Brands International

In related news, Chairman J Patrick Doyle sold 43,597 shares of the firm’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $69.80, for a total value of $3,043,070.60. Following the transaction, the chairman owned 193,855 shares in the company, valued at $13,531,079. This trade represents a 18.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.25% 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.