Janney Montgomery Scott LLC Purchases 129,415 Shares of Restaurant Brands International Inc. $QSR

Janney Montgomery Scott LLC raised its position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 622.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 150,190 shares of the restaurant operator’s stock after acquiring an additional 129,415 shares during the period. Janney Montgomery Scott LLC’s holdings in Restaurant Brands International were worth $11,099,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. AQR Capital Management LLC bought a new position in Restaurant Brands International during the first quarter valued at $237,000. WINTON GROUP Ltd bought a new stake in shares of Restaurant Brands International in the 2nd quarter worth about $265,000. State Street Corp increased its holdings in shares of Restaurant Brands International by 9,477.4% in the 2nd quarter. State Street Corp now owns 2,997,344 shares of the restaurant operator’s stock worth $198,711,000 after buying an additional 2,966,048 shares during the last quarter. Sei Investments Co. increased its holdings in shares of Restaurant Brands International by 188.7% in the 2nd quarter. Sei Investments Co. now owns 52,335 shares of the restaurant operator’s stock worth $3,469,000 after buying an additional 34,210 shares during the last quarter. Finally, Treasurer of the State of North Carolina purchased a new stake in shares of Restaurant Brands International during the 2nd quarter valued at about $10,019,000. 82.29% of the stock is currently owned by institutional investors.

Restaurant Brands International Price Performance

QSR stock opened at $74.75 on Friday. The stock has a market cap of $26.16 billion, a PE ratio of 26.32, a P/E/G ratio of 1.85 and a beta of 0.50. Restaurant Brands International Inc. has a 12 month low of $61.33 and a 12 month high of $81.96. The company has a 50-day moving average price of $75.43 and a 200 day moving average price of $72.71. 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 posted its quarterly earnings data on Wednesday, May 6th. The restaurant operator reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.03. The company had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.24 billion. Restaurant Brands International had a net margin of 9.96% and a return on equity of 32.80%. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.75 EPS. Equities research analysts anticipate that Restaurant Brands International Inc. will post 4.07 earnings per share for the current 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 paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.5%. Restaurant Brands International’s dividend payout ratio is currently 91.55%.

Analysts Set New Price Targets

Several research firms recently commented on QSR. Robert W. Baird lifted their price target 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. Oppenheimer raised their price objective on Restaurant Brands International from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Wednesday, March 18th. CL King set a $81.00 price objective on Restaurant Brands International in a research note on Thursday, May 7th. Weiss Ratings cut Restaurant Brands International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 23rd. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $86.00 target price on shares of Restaurant Brands International in a research report on Thursday, May 7th. Fifteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.54.

Restaurant Brands International Company Profile

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.