Kalos Management Inc. Increases Stock Position in Restaurant Brands International Inc. (NYSE:QSR)

Kalos Management Inc. lifted its holdings in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 4.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 18,078 shares of the restaurant operator’s stock after purchasing an additional 775 shares during the period. Kalos Management Inc.’s holdings in Restaurant Brands International were worth $1,144,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Waldron Private Wealth LLC lifted its position in shares of Restaurant Brands International by 3.9% in the 1st quarter. Waldron Private Wealth LLC now owns 4,310 shares of the restaurant operator’s stock worth $282,000 after purchasing an additional 160 shares during the period. GYL Financial Synergies LLC raised its stake in shares of Restaurant Brands International by 2.4% during the 2nd quarter. GYL Financial Synergies LLC now owns 8,114 shares of the restaurant operator’s stock worth $523,000 after acquiring an additional 190 shares in the last quarter. Ossiam raised its stake in shares of Restaurant Brands International by 5.7% during the 1st quarter. Ossiam now owns 3,700 shares of the restaurant operator’s stock worth $241,000 after acquiring an additional 200 shares in the last quarter. MAI Capital Management raised its stake in shares of Restaurant Brands International by 6.0% during the 1st quarter. MAI Capital Management now owns 3,709 shares of the restaurant operator’s stock worth $241,000 after acquiring an additional 211 shares in the last quarter. Finally, HighTower Advisors LLC raised its stake in shares of Restaurant Brands International by 5.8% during the 1st quarter. HighTower Advisors LLC now owns 3,989 shares of the restaurant operator’s stock worth $259,000 after acquiring an additional 219 shares in the last quarter. 76.47% of the stock is owned by hedge funds and other institutional investors.

In related news, COO Joshua Kobza sold 55,000 shares of the firm’s stock in a transaction dated Thursday, August 26th. The shares were sold at an average price of $64.92, for a total transaction of $3,570,600.00. Following the completion of the sale, the chief operating officer now directly owns 314,096 shares in the company, valued at $20,391,112.32. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ali Hedayat sold 10,000 shares of Restaurant Brands International stock in a transaction dated Wednesday, September 1st. The shares were sold at an average price of $64.44, for a total transaction of $644,400.00. The disclosure for this sale can be found here. 1.88% of the stock is currently owned by company insiders.

Several research firms recently commented on QSR. Wells Fargo & Company boosted their price objective on shares of Restaurant Brands International from $83.00 to $86.00 and gave the stock an “overweight” rating in a research note on Monday, June 28th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Restaurant Brands International from $79.00 to $81.00 and gave the company a “buy” rating in a research note on Monday, August 2nd. Stephens lowered shares of Restaurant Brands International from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $80.00 to $74.00 in a research note on Tuesday, August 3rd. Guggenheim assumed coverage on shares of Restaurant Brands International in a research note on Monday, July 26th. They set a “neutral” rating and a $67.00 price target on the stock. Finally, Oppenheimer upgraded shares of Restaurant Brands International from a “market perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research note on Thursday, August 26th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Restaurant Brands International presently has a consensus rating of “Buy” and an average target price of $73.53.

QSR traded up $0.35 during midday trading on Tuesday, hitting $62.04. 31,743 shares of the company traded hands, compared to its average volume of 1,471,357. 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 company has a market capitalization of $19.14 billion, a price-to-earnings ratio of 28.31, a PEG ratio of 1.79 and a beta of 1.17. Restaurant Brands International Inc. has a 52-week low of $51.12 and a 52-week high of $71.12. The business has a 50 day simple moving average of $64.30 and a two-hundred day simple moving average of $65.78.

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

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 5th. Investors of record on Tuesday, September 21st will be given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 3.42%. The ex-dividend date of this dividend is Monday, September 20th. Restaurant Brands International’s payout ratio is currently 104.43%.

Restaurant Brands International Profile

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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