Cidel Asset Management Inc. Has $53.86 Million Stock Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Cidel Asset Management Inc. raised its holdings in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 0.4% in the second quarter, Holdings Channel.com reports. The fund owned 835,101 shares of the restaurant operator’s stock after acquiring an additional 3,072 shares during the quarter. Restaurant Brands International makes up about 2.2% of Cidel Asset Management Inc.’s investment portfolio, making the stock its 14th largest position. Cidel Asset Management Inc.’s holdings in Restaurant Brands International were worth $53,864,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Pflug Koory LLC acquired a new stake in shares of Restaurant Brands International in the second quarter worth $46,000. Allred Capital Management LLC acquired a new stake in shares of Restaurant Brands International in the first quarter worth $57,000. McIlrath & Eck LLC lifted its stake in shares of Restaurant Brands International by 102.8% in the second quarter. McIlrath & Eck LLC now owns 998 shares of the restaurant operator’s stock worth $64,000 after buying an additional 506 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of Restaurant Brands International by 136.2% in the first quarter. IFP Advisors Inc now owns 1,214 shares of the restaurant operator’s stock worth $80,000 after buying an additional 700 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its stake in shares of Restaurant Brands International by 44.9% in the second quarter. Quadrant Capital Group LLC now owns 1,875 shares of the restaurant operator’s stock worth $121,000 after buying an additional 581 shares during the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.

Shares of QSR stock traded down $0.52 on Wednesday, reaching $64.11. The company had a trading volume of 58,054 shares, compared to its average volume of 1,452,102. The company has a current ratio of 1.53, a quick ratio of 1.47 and a debt-to-equity ratio of 2.98. The stock has a market cap of $19.77 billion, a PE ratio of 29.51, a PEG ratio of 1.84 and a beta of 1.17. The company has a 50-day moving average of $64.41 and a 200-day moving average of $65.77. Restaurant Brands International Inc. has a 12 month low of $51.12 and a 12 month high of $71.12.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results on Thursday, July 29th. The restaurant operator reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.16. Restaurant Brands International had a return on equity of 26.43% and a net margin of 12.50%. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same period in the prior year, the business earned $0.33 EPS. Restaurant Brands International’s revenue for the quarter was up 37.2% compared to the same quarter last year. Sell-side analysts anticipate that Restaurant Brands International Inc. will post 2.82 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 5th. Stockholders of record on Tuesday, September 21st will be paid a dividend of $0.53 per share. The ex-dividend date is Monday, September 20th. This represents a $2.12 annualized dividend and a dividend yield of 3.31%. Restaurant Brands International’s dividend payout ratio is currently 104.43%.

QSR has been the topic of a number of research reports. Oppenheimer raised shares of Restaurant Brands International from a “market perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research report on Thursday, August 26th. TheStreet raised shares of Restaurant Brands International from a “c+” rating to a “b” rating in a report on Friday, July 30th. Royal Bank of Canada boosted their price target on shares of Restaurant Brands International from $73.00 to $80.00 and gave the company an “outperform” rating in a report on Tuesday, August 3rd. KeyCorp boosted their price target on shares of Restaurant Brands International from $75.00 to $77.00 and gave the company an “overweight” rating in a report on Monday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Restaurant Brands International from $79.00 to $81.00 and gave the company a “buy” rating in a report on Monday, August 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $73.53.

In other Restaurant Brands International news, CFO Matthew Dunnigan sold 10,000 shares of Restaurant Brands International stock in a transaction dated Friday, June 18th. The stock was sold at an average price of $66.64, for a total value of $666,400.00. Following the transaction, the chief financial officer now owns 45,492 shares in the company, valued at $3,031,586.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Sami A. Siddiqui sold 10,290 shares of Restaurant Brands International stock in a transaction dated Thursday, June 17th. The shares were sold at an average price of $68.74, for a total value of $707,334.60. Following the sale, the insider now directly owns 157,779 shares in the company, valued at $10,845,728.46. The disclosure for this sale can be found here. Insiders have sold a total of 85,290 shares of company stock valued at $5,588,735 over the last ninety days. Company insiders own 1.88% of the company’s stock.

About Restaurant Brands International

Restaurant Brands International, Inc is a holding company, which engages in the operation of quick service restaurants. It operates through the following segments: Tim Hortons, Burger King, and Popeyes. The Tim Hortons segment provides donut, coffee, and tea restaurant services. The Burger King segment manages fast food hamburger restaurant.

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Institutional Ownership by Quarter for Restaurant Brands International (NYSE:QSR)

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