Restaurant Brands International Inc. $QSR Shares Purchased by Bank of Nova Scotia

Bank of Nova Scotia grew its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 32.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,095,285 shares of the restaurant operator’s stock after buying an additional 270,816 shares during the quarter. Bank of Nova Scotia’s holdings in Restaurant Brands International were worth $81,030,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in QSR. Lloyd Advisory Services LLC. acquired a new position in shares of Restaurant Brands International during the 4th quarter valued at $25,000. Larson Financial Group LLC raised its position in Restaurant Brands International by 1,922.2% in the fourth quarter. Larson Financial Group LLC now owns 364 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 346 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in shares of Restaurant Brands International during the fourth quarter worth about $29,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Restaurant Brands International in the first quarter worth about $40,000. Finally, UMB Bank n.a. boosted its position in shares of Restaurant Brands International by 50.4% in the fourth quarter. UMB Bank n.a. now owns 639 shares of the restaurant operator’s stock worth $44,000 after buying an additional 214 shares during the period. Institutional investors and hedge funds own 82.29% of the company’s stock.

Restaurant Brands International Price Performance

Shares of QSR stock opened at $72.41 on Friday. The firm has a fifty day moving average of $74.07 and a two-hundred day moving average of $73.24. The firm has a market cap of $25.28 billion, a P/E ratio of 25.50, a P/E/G ratio of 2.14 and a beta of 0.50. Restaurant Brands International Inc. has a 1-year low of $61.33 and a 1-year high of $81.96. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.99 and a quick ratio of 0.90.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued 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. The business had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.24 billion. Restaurant Brands International had a net margin of 9.96% and a return on equity of 32.80%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.75 earnings per share. As a group, research analysts anticipate that Restaurant Brands International Inc. will post 4.04 earnings per share for the current fiscal year.

Restaurant Brands International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Tuesday, June 23rd were issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Tuesday, June 23rd. Restaurant Brands International’s dividend payout ratio (DPR) is currently 91.55%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on QSR shares. Guggenheim raised their target price on Restaurant Brands International from $80.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. JPMorgan Chase & Co. lifted their price objective on shares of Restaurant Brands International from $77.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. UBS Group boosted their target price on shares of Restaurant Brands International from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. KeyCorp upped their target price on shares of Restaurant Brands International from $78.00 to $90.00 and gave the company an “overweight” rating in a research note on Monday, April 20th. Finally, TD Cowen lifted their price target on shares of Restaurant Brands International from $79.00 to $80.00 and gave the stock a “hold” rating in a research note on Thursday, July 9th. Fifteen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $84.14.

About Restaurant Brands International

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.