Cibc World Market Inc. Increases Stock Holdings in Restaurant Brands International Inc. $QSR

Cibc World Market Inc. boosted its position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 31.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,689,706 shares of the restaurant operator’s stock after purchasing an additional 883,464 shares during the period. Cibc World Market Inc.’s holdings in Restaurant Brands International were worth $251,749,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Fiduciary Family Office LLC lifted its position in shares of Restaurant Brands International by 4.3% during the 4th quarter. Fiduciary Family Office LLC now owns 22,848 shares of the restaurant operator’s stock valued at $1,559,000 after buying an additional 946 shares in the last quarter. Natixis Advisors LLC lifted its position in shares of Restaurant Brands International by 14.4% during the 4th quarter. Natixis Advisors LLC now owns 52,868 shares of the restaurant operator’s stock valued at $3,607,000 after buying an additional 6,667 shares in the last quarter. AdvisorShares Investments LLC purchased a new position in shares of Restaurant Brands International during the 4th quarter valued at about $130,000. Norges Bank purchased a new position in shares of Restaurant Brands International during the 4th quarter valued at about $260,709,000. Finally, Cornerstone Select Advisors LLC purchased a new position in shares of Restaurant Brands International during the 4th quarter valued at about $222,000. 82.29% of the stock is owned by hedge funds and other institutional investors.

Restaurant Brands International Stock Up 1.7%

NYSE QSR opened at $72.80 on Thursday. The stock’s 50 day moving average is $76.66 and its 200 day moving average is $72.33. 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. The stock has a market cap of $25.29 billion, a PE ratio of 25.63, a P/E/G ratio of 1.85 and a beta of 0.49.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Wednesday, May 6th. The restaurant operator reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.03. Restaurant Brands International had a return on equity of 32.80% and a net margin of 9.96%.The company had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same period in the previous year, the firm earned $0.75 EPS. The firm’s revenue was up 7.3% compared to the same quarter last year. Research analysts predict that Restaurant Brands International Inc. will post 4.07 EPS for the current fiscal year.

Restaurant Brands International Announces Dividend

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

Insider Buying and Selling

In related news, insider Jeffrey Housman sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $73.48, for a total value of $1,469,600.00. Following the transaction, the insider directly owned 162,077 shares of the company’s stock, valued at approximately $11,909,417.96. The trade was a 10.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jacqueline Friesner sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $74.61, for a total value of $2,238,300.00. Following the completion of the transaction, the insider directly owned 165,727 shares in the company, valued at approximately $12,364,891.47. This represents a 15.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 350,000 shares of company stock worth $26,198,650 in the last quarter. 1.22% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on QSR. CL King set a $81.00 price objective on Restaurant Brands International in a research report on Thursday, May 7th. Weiss Ratings raised Restaurant Brands International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. TD Cowen lifted their price objective on Restaurant Brands International from $76.00 to $79.00 and gave the company a “hold” rating in a research report on Wednesday, May 6th. Wells Fargo & Company lifted their price objective on Restaurant Brands International from $75.00 to $80.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. Finally, Citigroup lowered their price objective on Restaurant Brands International from $88.00 to $84.00 and set a “neutral” rating on the stock in a research report on Thursday, May 7th. Seventeen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $83.54.

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.