Restaurant Brands International Inc. $QSR Shares Purchased by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. lifted its position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 23,154.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 39,532 shares of the restaurant operator’s stock after purchasing an additional 39,362 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Restaurant Brands International were worth $2,535,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Restaurant Brands International in the 3rd quarter valued at approximately $29,000. Cary Street Partners Investment Advisory LLC purchased a new stake in shares of Restaurant Brands International during the 2nd quarter valued at approximately $35,000. Elevation Point Wealth Partners LLC acquired a new position in Restaurant Brands International in the second quarter valued at approximately $36,000. Exchange Traded Concepts LLC acquired a new position in Restaurant Brands International in the third quarter valued at approximately $48,000. Finally, MassMutual Private Wealth & Trust FSB grew its position in Restaurant Brands International by 41.0% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 1,032 shares of the restaurant operator’s stock worth $66,000 after acquiring an additional 300 shares during the period. 82.29% of the stock is owned by hedge funds and other institutional investors.

Restaurant Brands International Stock Up 0.4%

Shares of QSR opened at $68.83 on Monday. The stock has a market capitalization of $23.85 billion, a PE ratio of 29.16, a P/E/G ratio of 2.10 and a beta of 0.58. Restaurant Brands International Inc. has a 1 year low of $58.71 and a 1 year high of $73.70. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.98 and a current ratio of 1.06. The company’s 50-day simple moving average is $68.71 and its 200-day simple moving average is $67.41.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings data on Thursday, February 12th. The restaurant operator reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. The firm had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.41 billion. Restaurant Brands International had a net margin of 8.23% and a return on equity of 32.73%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.81 earnings per share. Analysts forecast that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Thursday, March 19th will be given a dividend of $0.65 per share. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.62. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Thursday, March 19th. Restaurant Brands International’s dividend payout ratio is currently 105.08%.

Insiders Place Their Bets

In other news, insider Jill Granat sold 1,925 shares of Restaurant Brands International stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $67.44, for a total value of $129,822.00. Following the completion of the transaction, the insider owned 458,280 shares in the company, valued at approximately $30,906,403.20. This trade represents a 0.42% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jacqueline Friesner sold 816 shares of the business’s stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $67.44, for a total value of $55,031.04. Following the transaction, the insider directly owned 187,069 shares of the company’s stock, valued at approximately $12,615,933.36. This represents a 0.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 101,911 shares of company stock valued at $7,189,969. 1.25% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on QSR. Sanford C. Bernstein set a $82.00 target price on Restaurant Brands International in a research report on Friday, February 13th. Barclays reduced their price objective on shares of Restaurant Brands International from $86.00 to $82.00 and set an “overweight” rating on the stock in a report on Friday, February 13th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Restaurant Brands International in a research note on Thursday, January 22nd. Oppenheimer reiterated an “outperform” rating and set a $80.00 price target on shares of Restaurant Brands International in a research report on Tuesday, November 25th. Finally, BMO Capital Markets decreased their price objective on shares of Restaurant Brands International from $83.00 to $81.00 and set an “outperform” rating on the stock in a report on Friday, February 13th. Twelve research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $76.62.

Restaurant Brands International Profile

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.