Glenmede Trust Co. NA Takes Position in Restaurant Brands International Inc. $QSR

Glenmede Trust Co. NA bought a new stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) during the 1st quarter, HoldingsChannel reports. The firm bought 19,784 shares of the restaurant operator’s stock, valued at approximately $1,462,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of QSR. AQR Capital Management LLC purchased a new position in Restaurant Brands International in the 1st quarter worth approximately $237,000. WINTON GROUP Ltd purchased a new stake in shares of Restaurant Brands International during the second quarter valued at approximately $265,000. State Street Corp lifted its position in shares of Restaurant Brands International by 9,477.4% during the second quarter. State Street Corp now owns 2,997,344 shares of the restaurant operator’s stock worth $198,711,000 after purchasing an additional 2,966,048 shares in the last quarter. Sei Investments Co. lifted its position in shares of Restaurant Brands International by 188.7% during the second quarter. Sei Investments Co. now owns 52,335 shares of the restaurant operator’s stock worth $3,469,000 after purchasing an additional 34,210 shares in the last quarter. Finally, Treasurer of the State of North Carolina purchased a new position in shares of Restaurant Brands International in the second quarter valued at $10,019,000. 82.29% of the stock is owned by institutional investors and hedge funds.

Restaurant Brands International Trading Up 0.6%

QSR opened at $74.31 on Thursday. The stock has a market capitalization of $25.95 billion, a PE ratio of 26.16, a P/E/G ratio of 2.16 and a beta of 0.50. The firm’s fifty day moving average price is $73.79 and its 200 day moving average price is $73.59. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.99 and a quick ratio of 0.90. 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 posted its quarterly earnings data on Wednesday, May 6th. The restaurant operator reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.03. The firm had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.24 billion. Restaurant Brands International had a net margin of 9.96% and a return on equity of 32.80%. The firm’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.75 EPS. As a group, research analysts expect that Restaurant Brands International Inc. will post 4.04 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on QSR. TD Cowen raised their price target on shares of Restaurant Brands International from $79.00 to $80.00 and gave the company a “hold” rating in a report on Thursday, July 9th. Citigroup decreased their price objective on shares of Restaurant Brands International from $84.00 to $78.00 and set a “neutral” rating for the company in a research report on Friday, July 24th. Scotiabank raised their target price on Restaurant Brands International from $81.00 to $83.00 and gave the company a “sector perform” rating in a research note on Thursday, May 7th. Royal Bank Of Canada set a $85.00 price target on Restaurant Brands International and gave the stock an “outperform” rating in a research note on Tuesday, July 28th. Finally, CL King set a $81.00 price target on Restaurant Brands International in a report on Thursday, May 7th. Fifteen investment analysts have rated the stock with a Buy rating and eight have given a Hold 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 $83.86.

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.