Cannell & Spears LLC Boosts Stock Holdings in Restaurant Brands International Inc. $QSR

Cannell & Spears LLC grew its holdings in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 2.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 306,854 shares of the restaurant operator’s stock after purchasing an additional 8,085 shares during the quarter. Cannell & Spears LLC’s holdings in Restaurant Brands International were worth $22,634,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of QSR. D.A. Davidson & CO. boosted 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 purchasing an additional 154 shares in the last quarter. Capital Analysts LLC raised its stake in Restaurant Brands International by 20.6% in the fourth quarter. Capital Analysts LLC now owns 924 shares of the restaurant operator’s stock worth $63,000 after buying an additional 158 shares in the last quarter. Private Advisor Group LLC lifted its holdings in Restaurant Brands International by 4.1% during the first quarter. Private Advisor Group LLC now owns 4,354 shares of the restaurant operator’s stock worth $322,000 after buying an additional 170 shares during the period. Applied Finance Capital Management LLC lifted its holdings in Restaurant Brands International by 1.9% during the fourth quarter. Applied Finance Capital Management LLC now owns 9,440 shares of the restaurant operator’s stock worth $644,000 after buying an additional 179 shares during the period. Finally, Asset Management One Co. Ltd. lifted its holdings in Restaurant Brands International by 0.3% during the fourth quarter. Asset Management One Co. Ltd. now owns 57,512 shares of the restaurant operator’s stock worth $3,967,000 after buying an additional 194 shares during the period. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Price Performance

NYSE QSR opened at $72.52 on Friday. The firm’s fifty day simple moving average is $74.00 and its two-hundred day simple moving average is $73.24. The firm has a market capitalization of $25.32 billion, a P/E ratio of 25.53, a P/E/G ratio of 2.11 and a beta of 0.50. 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 Inc. has a 12-month low of $61.33 and a 12-month high of $81.96.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings data on Wednesday, May 6th. The restaurant operator reported $0.86 EPS for the quarter, beating the consensus estimate of $0.83 by $0.03. The firm had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.24 billion. Restaurant Brands International had a return on equity of 32.80% and a net margin of 9.96%.The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.75 EPS. Analysts forecast that Restaurant Brands International Inc. will post 4.04 EPS for the current fiscal year.

Restaurant Brands International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Tuesday, June 23rd were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Tuesday, June 23rd. Restaurant Brands International’s dividend payout ratio (DPR) is currently 91.55%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on QSR. Barclays lifted their price target on Restaurant Brands International from $85.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Royal Bank Of Canada dropped their price objective on Restaurant Brands International from $90.00 to $85.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 7th. Citigroup cut their target price on Restaurant Brands International from $84.00 to $78.00 and set a “neutral” rating on the stock in a research note on Friday. JPMorgan Chase & Co. boosted their target price on shares of Restaurant Brands International from $77.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Finally, Morgan Stanley increased their price target on shares of Restaurant Brands International from $78.00 to $79.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 15th. Fifteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Restaurant Brands International currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.86.

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.