Hillsdale Investment Management Inc. Acquires 17,433 Shares of Restaurant Brands International Inc. $QSR

Hillsdale Investment Management Inc. lifted its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 4.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 393,580 shares of the restaurant operator’s stock after acquiring an additional 17,433 shares during the period. Hillsdale Investment Management Inc.’s holdings in Restaurant Brands International were worth $29,117,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of QSR. Fiera Capital Corp boosted its holdings in Restaurant Brands International by 38.2% in the 4th quarter. Fiera Capital Corp now owns 6,835,522 shares of the restaurant operator’s stock valued at $466,595,000 after purchasing an additional 1,889,359 shares during the period. Geode Capital Management LLC increased its holdings in shares of Restaurant Brands International by 6.0% during the 4th quarter. Geode Capital Management LLC now owns 5,216,985 shares of the restaurant operator’s stock worth $365,279,000 after purchasing an additional 295,935 shares during the period. UBS Group AG increased its holdings in shares of Restaurant Brands International by 37.0% during the 4th quarter. UBS Group AG now owns 1,408,839 shares of the restaurant operator’s stock worth $96,125,000 after purchasing an additional 380,635 shares during the period. Dorato Capital Management acquired a new position in shares of Restaurant Brands International during the fourth quarter valued at about $933,000. Finally, Norges Bank acquired a new position in shares of Restaurant Brands International during the fourth quarter valued at about $260,709,000. Institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Stock Up 0.4%

QSR opened at $75.59 on Tuesday. The firm’s 50-day simple moving average is $74.72 and its 200-day simple moving average is $72.94. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.90 and a current ratio of 0.99. Restaurant Brands International Inc. has a twelve month low of $61.33 and a twelve month high of $81.96. The firm has a market cap of $26.45 billion, a price-to-earnings ratio of 26.62, a PEG ratio of 1.95 and a beta of 0.50.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Wednesday, May 6th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter last year, the company posted $0.75 EPS. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. Equities research analysts anticipate that Restaurant Brands International Inc. will post 4.07 EPS for the current fiscal year.

Restaurant Brands International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Tuesday, June 23rd were paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Tuesday, June 23rd. Restaurant Brands International’s dividend payout ratio is currently 91.55%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Robert W. Baird lifted 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. Oppenheimer upped their price target on Restaurant Brands International from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Wednesday, March 18th. Guggenheim raised their price objective on Restaurant Brands International from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. TD Cowen lifted their price objective on Restaurant Brands International from $79.00 to $80.00 and gave the stock a “hold” rating in a report on Thursday, July 9th. Finally, Scotiabank lifted their price objective on Restaurant Brands International from $81.00 to $83.00 and gave the stock a “sector perform” rating in a report on Thursday, May 7th. Fifteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $83.04.

Restaurant Brands International 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.