Public Employees Retirement System of Ohio Takes Position in Restaurant Brands International Inc. $QSR

Public Employees Retirement System of Ohio bought a new position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) during the second quarter, according to the company in its most recent filing with the SEC. The firm bought 120,488 shares of the restaurant operator’s stock, valued at approximately $8,736,000.

Several other hedge funds have also added to or reduced their stakes in QSR. D.A. Davidson & CO. grew its stake in shares of Restaurant Brands International by 1.9% during the fourth quarter. D.A. Davidson & CO. now owns 8,451 shares of the restaurant operator’s stock valued at $577,000 after buying an additional 154 shares during the last quarter. Capital Analysts LLC lifted its stake in shares of Restaurant Brands International by 20.6% in the 4th quarter. Capital Analysts LLC now owns 924 shares of the restaurant operator’s stock valued at $63,000 after acquiring an additional 158 shares during the last quarter. Private Advisor Group LLC boosted its holdings in Restaurant Brands International by 4.1% during the 1st quarter. Private Advisor Group LLC now owns 4,354 shares of the restaurant operator’s stock valued at $322,000 after acquiring an additional 170 shares during the period. Applied Finance Capital Management LLC grew its position in Restaurant Brands International by 1.9% during the 4th quarter. Applied Finance Capital Management LLC now owns 9,440 shares of the restaurant operator’s stock worth $644,000 after acquiring an additional 179 shares during the last quarter. Finally, Versant Capital Management Inc grew its position in Restaurant Brands International by 6.3% during the 2nd quarter. Versant Capital Management Inc now owns 3,478 shares of the restaurant operator’s stock worth $252,000 after acquiring an additional 207 shares during the last quarter. 82.29% of the stock is owned by institutional investors.

Restaurant Brands International Stock Down 0.4%

Shares of NYSE:QSR opened at $77.91 on Tuesday. The firm has a market capitalization of $27.21 billion, a P/E ratio of 20.94, a P/E/G ratio of 2.12 and a beta of 0.50. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.92 and a current ratio of 1.01. The stock has a 50 day moving average price of $75.15 and a 200-day moving average price of $74.70. Restaurant Brands International Inc. has a 52-week low of $61.33 and a 52-week high of $81.96.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.03. The company had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.52 billion. Restaurant Brands International had a return on equity of 33.43% and a net margin of 13.12%.The firm’s revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.94 earnings per share. As a group, equities research analysts anticipate that Restaurant Brands International Inc. will post 4.03 EPS for the current fiscal year.

Restaurant Brands International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 18th will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Friday, September 18th. Restaurant Brands International’s payout ratio is 69.89%.

Analyst Upgrades and Downgrades

QSR has been the subject of a number of analyst reports. TD Cowen increased their price objective on Restaurant Brands International from $79.00 to $80.00 and gave the company a “hold” rating in a research note on Thursday, July 9th. Wells Fargo & Company upped their price target on shares of Restaurant Brands International from $75.00 to $80.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. Scotia decreased their price objective on shares of Restaurant Brands International from $83.00 to $81.00 and set a “sector perform” rating on the stock in a research report on Friday, August 7th. Robert W. Baird raised their target price on Restaurant Brands International from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Monday, August 24th. Finally, Citigroup reduced their price target on Restaurant Brands International from $84.00 to $78.00 and set a “neutral” rating on the stock in a report on Friday, July 24th. Sixteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $83.91.

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.