Dana Investment Advisors Inc. Boosts Stake in Restaurant Brands International Inc. $QSR

Dana Investment Advisors Inc. increased its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 38.8% during the third quarter, Holdings Channel.com reports. The fund owned 276,429 shares of the restaurant operator’s stock after buying an additional 77,338 shares during the period. Dana Investment Advisors Inc.’s holdings in Restaurant Brands International were worth $17,730,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Lansforsakringar Fondforvaltning AB publ boosted its position in Restaurant Brands International by 21.2% during the third quarter. Lansforsakringar Fondforvaltning AB publ now owns 74,013 shares of the restaurant operator’s stock worth $4,749,000 after purchasing an additional 12,946 shares in the last quarter. Citigroup Inc. raised its stake in shares of Restaurant Brands International by 50.8% during the 3rd quarter. Citigroup Inc. now owns 169,548 shares of the restaurant operator’s stock worth $10,879,000 after buying an additional 57,130 shares during the period. Hillsdale Investment Management Inc. lifted its position in shares of Restaurant Brands International by 23,154.1% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 39,532 shares of the restaurant operator’s stock valued at $2,535,000 after buying an additional 39,362 shares in the last quarter. Fiera Capital Corp lifted its position in shares of Restaurant Brands International by 17.2% during the 3rd quarter. Fiera Capital Corp now owns 4,946,163 shares of the restaurant operator’s stock valued at $317,191,000 after buying an additional 724,540 shares in the last quarter. Finally, Syon Capital LLC grew its stake in Restaurant Brands International by 27.3% in the 3rd quarter. Syon Capital LLC now owns 5,160 shares of the restaurant operator’s stock valued at $331,000 after acquiring an additional 1,108 shares during the period. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Insider Activity

In related news, Director Ali Hedayat sold 7,000 shares of the company’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $72.77, for a total value of $509,390.00. Following the completion of the sale, the director owned 18,962 shares of the company’s stock, valued at approximately $1,379,864.74. This represents a 26.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Sami A. Siddiqui sold 10,913 shares of the stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $70.87, for a total transaction of $773,404.31. Following the completion of the sale, the chief financial officer directly owned 10,609 shares of the company’s stock, valued at approximately $751,859.83. This trade represents a 50.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 101,911 shares of company stock worth $7,189,969. Insiders own 1.25% of the company’s stock.

Restaurant Brands International Stock Performance

QSR opened at $67.47 on Tuesday. The firm has a market capitalization of $23.38 billion, a PE ratio of 28.59, a PEG ratio of 2.10 and a beta of 0.58. The company has a current ratio of 1.06, a quick ratio of 0.98 and a debt-to-equity ratio of 2.65. Restaurant Brands International Inc. has a twelve month low of $58.71 and a twelve month high of $73.70. The firm’s 50-day moving average price is $68.64 and its 200 day moving average price is $67.43.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its earnings results on Thursday, February 12th. The restaurant operator reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. Restaurant Brands International had a net margin of 8.23% and a return on equity of 32.73%. The business had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same period last year, the company posted $0.81 EPS. The business’s revenue was up 7.4% on a year-over-year basis. As a group, sell-side analysts expect that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Thursday, March 19th will be issued a dividend of $0.65 per share. The ex-dividend date is Thursday, March 19th. This represents a $2.60 annualized dividend and a dividend yield of 3.9%. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.62. Restaurant Brands International’s payout ratio is presently 105.08%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Citigroup reduced their price objective on shares of Restaurant Brands International from $74.00 to $72.00 and set a “neutral” rating for the company in a research report on Tuesday, February 3rd. Scotiabank cut their target price on shares of Restaurant Brands International from $74.00 to $71.00 and set a “sector perform” rating for the company in a research note on Friday, February 13th. Argus raised shares of Restaurant Brands International from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research note on Tuesday, December 2nd. Royal Bank Of Canada cut their price objective on Restaurant Brands International from $82.00 to $80.00 and set an “outperform” rating for the company in a research note on Friday, February 13th. Finally, Sanford C. Bernstein set a $82.00 target price on Restaurant Brands International in a report on Friday, February 13th. Twelve equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently 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.