Sanders Morris Harris LLC Takes Position in Restaurant Brands International Inc. $QSR

Sanders Morris Harris LLC bought a new stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 10,250 shares of the restaurant operator’s stock, valued at approximately $657,000.

Other institutional investors have also recently bought and sold shares of the company. Royal Bank of Canada lifted its position in shares of Restaurant Brands International by 16.7% in the first quarter. Royal Bank of Canada now owns 22,626,635 shares of the restaurant operator’s stock valued at $1,507,839,000 after buying an additional 3,230,735 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Restaurant Brands International by 8.0% during the 2nd quarter. Vanguard Group Inc. now owns 15,303,726 shares of the restaurant operator’s stock valued at $1,015,137,000 after purchasing an additional 1,134,665 shares during the last quarter. EdgePoint Investment Group Inc. lifted its holdings in Restaurant Brands International by 7.0% during the 1st quarter. EdgePoint Investment Group Inc. now owns 13,715,604 shares of the restaurant operator’s stock valued at $914,463,000 after purchasing an additional 896,034 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Restaurant Brands International by 0.6% during the first quarter. Goldman Sachs Group Inc. now owns 8,108,527 shares of the restaurant operator’s stock worth $540,352,000 after purchasing an additional 47,192 shares during the period. Finally, 1832 Asset Management L.P. increased its holdings in shares of Restaurant Brands International by 4.3% in the first quarter. 1832 Asset Management L.P. now owns 6,959,757 shares of the restaurant operator’s stock valued at $463,798,000 after purchasing an additional 289,233 shares during the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

Analyst Ratings Changes

QSR has been the subject of a number of research reports. Argus upgraded shares of Restaurant Brands International from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research note on Tuesday, December 2nd. Weiss Ratings reissued a “hold (c+)” rating on shares of Restaurant Brands International in a report on Wednesday, October 8th. Scotiabank boosted their price objective on Restaurant Brands International from $73.00 to $74.00 and gave the stock a “sector perform” rating in a report on Friday, October 31st. Robert W. Baird upped their target price on Restaurant Brands International from $68.00 to $72.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Finally, Oppenheimer reissued an “outperform” rating and set a $80.00 price target on shares of Restaurant Brands International in a report on Tuesday, November 25th. Ten analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $75.45.

Insider Buying and Selling

In related news, Director Ali Hedayat sold 7,000 shares of the business’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $72.77, for a total value of $509,390.00. Following the completion of the transaction, the director owned 18,962 shares of the company’s stock, valued at $1,379,864.74. The trade was a 26.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Axel Schwan sold 5,860 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $70.87, for a total transaction of $415,298.20. Following the completion of the transaction, the insider owned 159,757 shares of the company’s stock, valued at $11,321,978.59. The trade was a 3.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 131,807 shares of company stock valued at $9,308,973 in the last ninety days. Insiders own 1.25% of the company’s stock.

Restaurant Brands International Stock Down 0.5%

Shares of QSR opened at $70.12 on Thursday. The company has a current ratio of 1.06, a quick ratio of 0.98 and a debt-to-equity ratio of 2.65. Restaurant Brands International Inc. has a 12 month low of $58.71 and a 12 month high of $73.70. The firm’s 50 day moving average is $69.05 and its 200-day moving average is $67.32. The stock has a market capitalization of $22.99 billion, a PE ratio of 24.95, a P/E/G ratio of 2.80 and a beta of 0.60.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings results on Thursday, October 30th. The restaurant operator reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.03. The business had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $2.39 billion. Restaurant Brands International had a return on equity of 32.43% and a net margin of 9.95%.The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.93 earnings per share. Equities research analysts forecast that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Tuesday, December 23rd will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Tuesday, December 23rd. Restaurant Brands International’s dividend payout ratio is 88.26%.

About Restaurant Brands International

Restaurant Brands International Inc operates as a quick-service restaurant company in Canada, the United States, and internationally. It operates through four segments: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), and Firehouse Subs (FHS). The company owns and franchises TH chain of donut/coffee/tea restaurants that offer blend coffee, tea, and espresso-based hot and cold specialty drinks; and fresh baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, and other food products.