Dimensional Fund Advisors LP Trims Stake in Restaurant Brands International Inc. (NYSE:QSR)

Dimensional Fund Advisors LP reduced its holdings in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 33.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,850 shares of the restaurant operator’s stock after selling 6,014 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Restaurant Brands International were worth $661,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in QSR. Creative Planning raised its holdings in shares of Restaurant Brands International by 5.4% in the 1st quarter. Creative Planning now owns 2,101 shares of the restaurant operator’s stock worth $117,000 after purchasing an additional 108 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Restaurant Brands International by 15.4% during the first quarter. Russell Investments Group Ltd. now owns 138,985 shares of the restaurant operator’s stock valued at $7,722,000 after acquiring an additional 18,548 shares during the period. IFP Advisors Inc raised its holdings in shares of Restaurant Brands International by 21.9% during the first quarter. IFP Advisors Inc now owns 1,817 shares of the restaurant operator’s stock valued at $101,000 after acquiring an additional 327 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Restaurant Brands International by 3.6% during the first quarter. Wells Fargo & Company MN now owns 235,525 shares of the restaurant operator’s stock valued at $13,128,000 after acquiring an additional 8,076 shares during the period. Finally, Canada Pension Plan Investment Board raised its holdings in shares of Restaurant Brands International by 171,566.7% during the first quarter. Canada Pension Plan Investment Board now owns 20,600 shares of the restaurant operator’s stock valued at $1,144,000 after acquiring an additional 20,588 shares during the period. Institutional investors and hedge funds own 76.68% of the company’s stock.

QSR has been the topic of a number of recent analyst reports. Instinet initiated coverage on shares of Restaurant Brands International in a report on Wednesday, July 12th. They set a “buy” rating and a $73.00 price target on the stock. Nomura initiated coverage on shares of Restaurant Brands International in a report on Wednesday, July 12th. They set a “buy” rating and a $73.00 price target on the stock. BidaskClub upgraded shares of Restaurant Brands International from a “hold” rating to a “buy” rating in a report on Wednesday, June 21st. UBS AG restated a “buy” rating and set a $68.00 price target (up previously from $64.00) on shares of Restaurant Brands International in a report on Thursday, August 3rd. Finally, Zacks Investment Research upgraded shares of Restaurant Brands International from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a report on Friday, August 4th. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Restaurant Brands International presently has an average rating of “Buy” and a consensus price target of $65.69.

In other news, Director Ali Hedayat bought 5,000 shares of the company’s stock in a transaction dated Friday, August 4th. The stock was bought at an average price of $61.32 per share, with a total value of $306,600.00. Following the completion of the acquisition, the director now owns 25,966 shares of the company’s stock, valued at $1,592,235.12. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 4.20% of the company’s stock.

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Shares of Restaurant Brands International Inc. (NYSE:QSR) traded down 1.41% during mid-day trading on Friday, hitting $62.28. 791,145 shares of the stock were exchanged. The firm has a 50-day moving average price of $61.18 and a 200 day moving average price of $59.05. The company has a market capitalization of $14.71 billion, a PE ratio of 43.58 and a beta of 1.77. Restaurant Brands International Inc. has a 12-month low of $42.35 and a 12-month high of $64.97.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data on Wednesday, August 2nd. The restaurant operator reported $0.51 EPS for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.06. Restaurant Brands International had a net margin of 12.66% and a return on equity of 22.71%. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the previous year, the business posted $0.41 earnings per share. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. On average, equities research analysts expect that Restaurant Brands International Inc. will post $1.89 earnings per share for the current year.

Restaurant Brands International announced that its board has authorized a share buyback program on Wednesday, August 2nd that permits the company to buyback $300.00 million in shares. This buyback authorization permits the restaurant operator to reacquire up to 2.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, September 15th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.27%. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, September 14th. Restaurant Brands International’s payout ratio is 52.78%.

Restaurant Brands International Profile

Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company had over 20,000 restaurants in more than 100 countries and the United States territories, as of December 31, 2016. It operates through two segments: Tim Hortons (TH) and Burger King (BK). Tim Hortons restaurants are quick service restaurants with a menu that includes blend coffee, tea, espresso-based hot and cold specialty drinks, baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps and soups, among others.

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

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