Bank of New York Mellon Corp Grows Holdings in Restaurant Brands International Inc. $QSR

Bank of New York Mellon Corp lifted its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 6.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,065,880 shares of the restaurant operator’s stock after acquiring an additional 64,670 shares during the quarter. Bank of New York Mellon Corp’s holdings in Restaurant Brands International were worth $78,769,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. AQR Capital Management LLC acquired a new stake in shares of Restaurant Brands International in the first quarter valued at $237,000. WINTON GROUP Ltd acquired a new stake in shares of Restaurant Brands International during the second quarter worth about $265,000. State Street Corp boosted its stake in shares of Restaurant Brands International by 9,477.4% in the second quarter. State Street Corp now owns 2,997,344 shares of the restaurant operator’s stock valued at $198,711,000 after purchasing an additional 2,966,048 shares during the period. Sei Investments Co. grew its holdings in shares of Restaurant Brands International by 188.7% in the second quarter. Sei Investments Co. now owns 52,335 shares of the restaurant operator’s stock valued at $3,469,000 after purchasing an additional 34,210 shares in the last quarter. Finally, Treasurer of the State of North Carolina acquired a new position in shares of Restaurant Brands International in the second quarter valued at approximately $10,019,000. Institutional investors and hedge funds own 82.29% of the company’s stock.

Restaurant Brands International Stock Down 0.2%

Shares of NYSE:QSR opened at $73.82 on Wednesday. Restaurant Brands International Inc. has a fifty-two week low of $61.33 and a fifty-two week high of $81.96. The firm’s 50 day moving average price is $74.21 and its 200 day moving average price is $73.17. The company has a quick ratio of 0.90, a current ratio of 0.99 and a debt-to-equity ratio of 2.55. The stock has a market cap of $25.78 billion, a price-to-earnings ratio of 25.99, a price-to-earnings-growth ratio of 2.16 and a beta of 0.50.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Wednesday, May 6th. The restaurant operator reported $0.86 EPS for the quarter, topping the consensus estimate of $0.83 by $0.03. Restaurant Brands International had a net margin of 9.96% and a return on equity of 32.80%. The company had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter in the previous year, the business posted $0.75 EPS. The firm’s revenue was up 7.3% on a year-over-year basis. As a group, equities research analysts predict that Restaurant Brands International Inc. will post 4.04 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Tuesday, June 23rd were paid a dividend of $0.65 per share. The ex-dividend date was Tuesday, June 23rd. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.5%. Restaurant Brands International’s payout ratio is presently 91.55%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on QSR shares. CL King set a $81.00 target price on shares of Restaurant Brands International in a report on Thursday, May 7th. KeyCorp boosted their price target on shares of Restaurant Brands International from $78.00 to $90.00 and gave the stock an “overweight” rating in a research note on Monday, April 20th. Scotiabank upped their price objective on Restaurant Brands International from $81.00 to $83.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 7th. UBS Group increased their price objective on Restaurant Brands International from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Finally, TD Cowen lifted their target price on Restaurant Brands International from $79.00 to $80.00 and gave the company a “hold” rating in a report on Thursday, July 9th. Fifteen investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.14.

Restaurant Brands International Company 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.