Restaurant Brands International Inc. $QSR Shares Bought by Sei Investments Co.

Sei Investments Co. grew its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 107.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 108,857 shares of the restaurant operator’s stock after purchasing an additional 56,293 shares during the quarter. Sei Investments Co.’s holdings in Restaurant Brands International were worth $8,045,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Baupost Group LLC MA grew its position in shares of Restaurant Brands International by 103.8% in 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. purchased a new position in Restaurant Brands International during the fourth quarter worth about $281,033,000. Norges Bank purchased a new position in Restaurant Brands International during the fourth quarter worth about $260,709,000. Capital World Investors boosted its stake in 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 worth $2,969,819,000 after buying an additional 3,095,167 shares during the last quarter. Finally, State Street Corp boosted its stake 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 worth $198,711,000 after buying an additional 2,966,048 shares during the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

Restaurant Brands International Stock Performance

Restaurant Brands International stock opened at $74.05 on Monday. The company has a market cap of $25.86 billion, a price-to-earnings ratio of 26.07, a price-to-earnings-growth ratio of 2.16 and a beta of 0.50. Restaurant Brands International Inc. has a 12 month low of $61.33 and a 12 month high of $81.96. 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 stock’s 50-day moving average is $73.88 and its 200-day moving average is $73.50.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results 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 business 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.75 EPS. Equities analysts anticipate that Restaurant Brands International Inc. will post 4.04 earnings per share for the current year.

Restaurant Brands International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Tuesday, June 23rd were paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 3.5%. The ex-dividend date was Tuesday, June 23rd. Restaurant Brands International’s payout ratio is currently 91.55%.

Wall Street Analyst Weigh In

Several analysts have commented on the company. UBS Group lifted their price target on Restaurant Brands International from $85.00 to $90.00 and gave the company a “buy” rating in a report on Monday, May 4th. Barclays raised their target price on shares of Restaurant Brands International from $85.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Robert W. Baird boosted their target price on shares of Restaurant Brands International from $72.00 to $80.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Wells Fargo & Company upped their price target on shares of Restaurant Brands International from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Finally, Royal Bank Of Canada set a $85.00 price target on shares of Restaurant Brands International and gave the stock an “outperform” rating in a research note on Tuesday, July 28th. Fifteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.