London Co. of Virginia Buys New Shares in Restaurant Brands International Inc. $QSR

London Co. of Virginia bought a new position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) during the 1st quarter, HoldingsChannel.com reports. The fund bought 2,002,235 shares of the restaurant operator’s stock, valued at approximately $147,967,000.

A number of other large investors have also bought and sold shares of QSR. Baupost Group LLC MA raised its holdings in shares of Restaurant Brands International by 103.8% during the third quarter. Baupost Group LLC MA now owns 8,252,862 shares of the restaurant operator’s stock valued at $529,337,000 after purchasing an additional 4,203,300 shares during the period. Platinum Paramount Investment LTD. acquired a new stake in shares of Restaurant Brands International in the 4th quarter valued at about $281,033,000. Norges Bank acquired a new stake in shares of Restaurant Brands International in the 4th quarter valued at about $260,709,000. Capital World Investors grew its stake in shares of Restaurant Brands International by 7.7% in the 4th quarter. Capital World Investors now owns 43,525,570 shares of the restaurant operator’s stock valued at $2,969,819,000 after buying an additional 3,095,167 shares during the period. Finally, State Street Corp increased its position in Restaurant Brands International by 9,477.4% in the 2nd quarter. State Street Corp now owns 2,997,344 shares of the restaurant operator’s stock valued at $198,711,000 after buying an additional 2,966,048 shares in the last quarter. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on QSR shares. Wells Fargo & Company upped their price target on Restaurant Brands International from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reduced their price objective on Restaurant Brands International from $86.00 to $85.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Guggenheim boosted their price objective on Restaurant Brands International from $80.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Royal Bank Of Canada lowered their target price 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. Finally, Barclays increased their target price on Restaurant Brands International from $85.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Fifteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, Restaurant Brands International currently has an average rating of “Moderate Buy” and an average price target of $83.86.

Restaurant Brands International Trading Up 0.2%

QSR opened at $72.52 on Friday. Restaurant Brands International Inc. has a fifty-two week low of $61.33 and a fifty-two week high of $81.96. The firm has a market capitalization of $25.32 billion, a PE ratio of 25.53, a P/E/G ratio of 2.11 and a beta of 0.50. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.99 and a quick ratio of 0.90. The company’s 50-day moving average is $74.00 and its 200 day moving average is $73.24.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings results on Wednesday, May 6th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.03. The business had revenue of $2.26 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.75 EPS. As a group, research analysts predict that Restaurant Brands International Inc. will post 4.04 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

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

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.