Restaurant Brands International Inc. $QSR Stake Increased by EdgePoint Investment Group Inc.

EdgePoint Investment Group Inc. boosted its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 16.2% in the 1st quarter, Holdings Channel reports. The firm owned 19,348,137 shares of the restaurant operator’s stock after acquiring an additional 2,703,134 shares during the quarter. Restaurant Brands International accounts for approximately 11.5% of EdgePoint Investment Group Inc.’s portfolio, making the stock its largest position. EdgePoint Investment Group Inc. owned approximately 0.06% of Restaurant Brands International worth $1,432,015,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in QSR. D.A. Davidson & CO. lifted its holdings in shares of Restaurant Brands International by 1.9% in the fourth quarter. D.A. Davidson & CO. now owns 8,451 shares of the restaurant operator’s stock worth $577,000 after buying an additional 154 shares in the last quarter. Capital Analysts LLC grew its stake in Restaurant Brands International by 20.6% during the fourth quarter. Capital Analysts LLC now owns 924 shares of the restaurant operator’s stock valued at $63,000 after acquiring an additional 158 shares in the last quarter. Private Advisor Group LLC increased 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 worth $322,000 after acquiring an additional 170 shares during the period. Applied Finance Capital Management LLC lifted its stake in Restaurant Brands International by 1.9% in the 4th quarter. Applied Finance Capital Management LLC now owns 9,440 shares of the restaurant operator’s stock worth $644,000 after purchasing an additional 179 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its stake in Restaurant Brands International by 0.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 57,512 shares of the restaurant operator’s stock worth $3,967,000 after purchasing an additional 194 shares in the last quarter. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on QSR. CL King set a $81.00 price target on shares of 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 note on Wednesday, July 8th. Barclays boosted their target price on Restaurant Brands International from $85.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Guggenheim lifted their price target on Restaurant Brands International from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Finally, Morgan Stanley boosted their price objective on Restaurant Brands International from $78.00 to $79.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 15th. Fifteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $83.86.

Restaurant Brands International Trading Up 2.7%

NYSE QSR opened at $74.45 on Tuesday. The company has a quick ratio of 0.90, a current ratio of 0.99 and a debt-to-equity ratio of 2.55. The stock’s 50-day simple moving average is $73.98 and its two-hundred day simple moving average is $73.33. Restaurant Brands International Inc. has a twelve month low of $61.33 and a twelve month high of $81.96. The company has a market capitalization of $26.00 billion, a price-to-earnings ratio of 26.22, a PEG ratio of 2.11 and a beta of 0.50.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings data 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. The firm had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Restaurant Brands International had a return on equity of 32.80% and a net margin of 9.96%.The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.75 EPS. Research 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 given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Tuesday, June 23rd. Restaurant Brands International’s dividend payout ratio (DPR) is presently 91.55%.

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.