Restaurant Brands International Inc. $QSR Shares Acquired by Corient Private Wealth LLC

Corient Private Wealth LLC increased its holdings in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 93.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 26,792 shares of the restaurant operator’s stock after purchasing an additional 12,951 shares during the quarter. Corient Private Wealth LLC’s holdings in Restaurant Brands International were worth $1,828,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its position in shares of Restaurant Brands International by 6.0% in the fourth quarter. Geode Capital Management LLC now owns 5,216,985 shares of the restaurant operator’s stock valued at $365,279,000 after buying an additional 295,935 shares during the last quarter. Fiera Capital Corp lifted its stake in shares of Restaurant Brands International by 38.2% during the fourth quarter. Fiera Capital Corp now owns 6,835,522 shares of the restaurant operator’s stock valued at $466,595,000 after buying an additional 1,889,359 shares during the period. UBS Group AG boosted its position in Restaurant Brands International by 37.0% during the fourth quarter. UBS Group AG now owns 1,408,839 shares of the restaurant operator’s stock worth $96,125,000 after acquiring an additional 380,635 shares during the last quarter. Burgundy Asset Management Ltd. boosted its position in Restaurant Brands International by 9.8% during the third quarter. Burgundy Asset Management Ltd. now owns 1,742,299 shares of the restaurant operator’s stock worth $110,267,000 after acquiring an additional 156,189 shares during the last quarter. Finally, EdgePoint Investment Group Inc. grew its stake in Restaurant Brands International by 15.4% in the 3rd quarter. EdgePoint Investment Group Inc. now owns 14,903,208 shares of the restaurant operator’s stock worth $955,855,000 after acquiring an additional 1,983,354 shares during the period. 82.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on QSR shares. Weiss Ratings cut Restaurant Brands International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 23rd. Oppenheimer lifted their price objective on Restaurant Brands International from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Wednesday, March 18th. Stifel Nicolaus upgraded Restaurant Brands International from a “hold” rating to a “buy” rating and upped their target price for the company from $68.00 to $90.00 in a research note on Monday, March 2nd. JPMorgan Chase & Co. increased their target price on Restaurant Brands International from $77.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Finally, Scotia raised their price target on Restaurant Brands International from $81.00 to $83.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 7th. Fifteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.54.

Restaurant Brands International Trading Down 1.3%

Shares of QSR opened at $73.36 on Tuesday. The stock’s 50-day moving average is $75.77 and its two-hundred day moving average is $72.67. The stock has a market cap of $25.48 billion, a PE ratio of 25.83, a P/E/G ratio of 1.93 and a beta of 0.49. Restaurant Brands International Inc. has a 12 month low of $61.33 and a 12 month 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 posted its earnings results on Wednesday, May 6th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.03. Restaurant Brands International had a return on equity of 32.80% and a net margin of 9.96%.The business had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same quarter last year, the firm earned $0.75 earnings per share. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. Equities analysts forecast that Restaurant Brands International Inc. will post 4.07 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Tuesday, June 23rd will be given a $0.65 dividend. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a $2.60 annualized dividend and a yield of 3.5%. Restaurant Brands International’s dividend payout ratio (DPR) is 91.55%.

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.