Restaurant Brands International Inc. $QSR Position Lifted by Cidel Asset Management Inc.

Cidel Asset Management Inc. raised its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 79.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 693,116 shares of the restaurant operator’s stock after buying an additional 306,555 shares during the period. Restaurant Brands International comprises 2.8% of Cidel Asset Management Inc.’s investment portfolio, making the stock its 7th largest position. Cidel Asset Management Inc.’s holdings in Restaurant Brands International were worth $51,126,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Capital World Investors grew its stake in Restaurant Brands International by 7.7% during the fourth quarter. Capital World Investors now owns 43,525,570 shares of the restaurant operator’s stock worth $2,969,819,000 after buying an additional 3,095,167 shares during the period. EdgePoint Investment Group Inc. raised its stake in shares of Restaurant Brands International by 11.7% in the 4th quarter. EdgePoint Investment Group Inc. now owns 16,645,003 shares of the restaurant operator’s stock valued at $1,135,844,000 after acquiring an additional 1,741,795 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Restaurant Brands International by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 15,983,585 shares of the restaurant operator’s stock valued at $1,090,684,000 after acquiring an additional 344,066 shares in the last quarter. Morgan Stanley lifted its holdings in shares of Restaurant Brands International by 24.2% during the 4th quarter. Morgan Stanley now owns 8,429,121 shares of the restaurant operator’s stock valued at $575,119,000 after acquiring an additional 1,641,870 shares in the last quarter. Finally, Baupost Group LLC MA lifted its holdings in shares of Restaurant Brands International by 103.8% during the 3rd quarter. Baupost Group LLC MA now owns 8,252,862 shares of the restaurant operator’s stock valued at $529,337,000 after acquiring an additional 4,203,300 shares in the last quarter. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on QSR shares. Morgan Stanley increased their price target on Restaurant Brands International from $77.00 to $78.00 and gave the company an “equal weight” rating in a report on Tuesday, March 3rd. JPMorgan Chase & Co. boosted their price objective on Restaurant Brands International from $77.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Robert W. Baird upped their target price on Restaurant Brands International from $72.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Scotia increased their target price on Restaurant Brands International from $81.00 to $83.00 and gave the company a “sector perform” rating in a research note on Thursday, May 7th. Finally, Guggenheim raised their target price on Restaurant Brands International from $80.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Seventeen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Restaurant Brands International presently has an average rating of “Moderate Buy” and a consensus target price of $83.54.

Restaurant Brands International Price Performance

Shares of QSR stock opened at $71.64 on Wednesday. The firm has a fifty day simple moving average of $76.15 and a 200-day simple moving average of $72.63. The company has a market capitalization of $24.88 billion, a PE ratio of 25.23, a price-to-earnings-growth ratio of 1.86 and a beta of 0.49. Restaurant Brands International Inc. has a twelve month low of $61.33 and a twelve month high of $81.96. The company has a current ratio of 0.99, a quick ratio of 0.90 and a debt-to-equity ratio of 2.55.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings results on Wednesday, May 6th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.03. Restaurant Brands International had a net margin of 9.96% and a return on equity of 32.80%. The firm had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the previous year, the firm posted $0.75 EPS. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. Equities research analysts anticipate that Restaurant Brands International Inc. will post 4.07 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Tuesday, June 23rd will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Tuesday, June 23rd. Restaurant Brands International’s payout ratio is presently 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.