Aviso Financial Inc. Purchases 14,823 Shares of Restaurant Brands International Inc. $QSR

Aviso Financial Inc. grew its position in Restaurant Brands International Inc. (NYSE:QSRFree Report) (TSE:QSR) by 1.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 973,257 shares of the restaurant operator’s stock after purchasing an additional 14,823 shares during the quarter. Restaurant Brands International makes up about 2.5% of Aviso Financial Inc.’s portfolio, making the stock its 13th largest position. Aviso Financial Inc.’s holdings in Restaurant Brands International were worth $62,445,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Norges Bank bought a new position in Restaurant Brands International during the second quarter worth $254,948,000. State Street Corp grew its holdings in Restaurant Brands International by 9,477.4% during the 2nd quarter. State Street Corp now owns 2,997,344 shares of the restaurant operator’s stock worth $198,711,000 after acquiring an additional 2,966,048 shares during the period. Geode Capital Management LLC raised its position in shares of Restaurant Brands International by 112.8% in the 2nd quarter. Geode Capital Management LLC now owns 4,296,050 shares of the restaurant operator’s stock worth $286,172,000 after acquiring an additional 2,277,694 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Restaurant Brands International by 8.0% in 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 period. Finally, Canada Pension Plan Investment Board lifted its stake in shares of Restaurant Brands International by 56.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 2,855,081 shares of the restaurant operator’s stock valued at $189,510,000 after purchasing an additional 1,029,500 shares during the period. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Axel Schwan sold 34,939 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $67.51, for a total value of $2,358,731.89. Following the transaction, the insider owned 194,984 shares in the company, valued at $13,163,369.84. This trade represents a 15.20% 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 hyperlink. Also, insider Duncan Fulton sold 10,308 shares of Restaurant Brands International stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $67.51, for a total value of $695,893.08. Following the transaction, the insider directly owned 49,677 shares in the company, valued at approximately $3,353,694.27. The trade was a 17.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 186,401 shares of company stock worth $12,857,069 in the last 90 days. Company insiders own 1.25% of the company’s stock.

Restaurant Brands International Price Performance

Shares of QSR opened at $71.73 on Friday. The business’s fifty day moving average is $68.59 and its 200 day moving average is $67.54. Restaurant Brands International Inc. has a 12-month low of $58.71 and a 12-month high of $73.70. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 2.62. The stock has a market cap of $24.85 billion, a P/E ratio of 30.39, a P/E/G ratio of 2.18 and a beta of 0.58.

Restaurant Brands International (NYSE:QSRGet Free Report) (TSE:QSR) last released its quarterly earnings data on Thursday, February 12th. The restaurant operator reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.03. Restaurant Brands International had a net margin of 8.23% and a return on equity of 32.51%. The firm had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter in the prior year, the company posted $0.81 earnings per share. The business’s revenue was up 7.4% on a year-over-year basis. Sell-side analysts anticipate that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Thursday, March 19th will be issued a $0.65 dividend. The ex-dividend date is Thursday, March 19th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.6%. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.62. Restaurant Brands International’s dividend payout ratio (DPR) is currently 105.08%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on QSR. Scotiabank decreased their target price on Restaurant Brands International from $74.00 to $71.00 and set a “sector perform” rating for the company in a research note on Friday, February 13th. Sanford C. Bernstein set a $82.00 price objective on shares of Restaurant Brands International in a research report on Friday, February 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Restaurant Brands International in a research note on Thursday, January 22nd. BMO Capital Markets cut their target price on shares of Restaurant Brands International from $83.00 to $81.00 and set an “outperform” rating on the stock in a research note on Friday, February 13th. Finally, Guggenheim raised their price target on shares of Restaurant Brands International from $79.00 to $80.00 and gave the stock a “buy” rating in a report on Friday. Twelve research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Restaurant Brands International currently has an average rating of “Moderate Buy” and an average target price of $77.20.

Check Out Our Latest Analysis on QSR

Key Headlines Impacting Restaurant Brands International

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Restaurant Brands International Profile

(Free Report)

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.

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

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