Restaurant Brands International Inc. (QSR) Holdings Raised by Fiera Capital Corp

Fiera Capital Corp boosted its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 481.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,338,343 shares of the restaurant operator’s stock after purchasing an additional 1,108,231 shares during the period. Fiera Capital Corp owned about 0.57% of Restaurant Brands International worth $83,591,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in QSR. Russell Investments Group Ltd. lifted its stake in Restaurant Brands International by 15.4% during the first quarter. Russell Investments Group Ltd. now owns 138,985 shares of the restaurant operator’s stock worth $7,722,000 after purchasing an additional 18,548 shares during the last quarter. IFP Advisors Inc lifted its stake in Restaurant Brands International by 21.9% during the first quarter. IFP Advisors Inc now owns 1,817 shares of the restaurant operator’s stock worth $101,000 after purchasing an additional 327 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Restaurant Brands International by 3.6% during the first quarter. Wells Fargo & Company MN now owns 235,525 shares of the restaurant operator’s stock worth $13,128,000 after purchasing an additional 8,076 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in Restaurant Brands International by 171,566.7% during the first quarter. Canada Pension Plan Investment Board now owns 20,600 shares of the restaurant operator’s stock worth $1,144,000 after purchasing an additional 20,588 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in shares of Restaurant Brands International by 14.8% in the 1st quarter. First Trust Advisors LP now owns 313,628 shares of the restaurant operator’s stock valued at $17,482,000 after acquiring an additional 40,461 shares during the last quarter. Hedge funds and other institutional investors own 76.68% of the company’s stock.

A number of brokerages have recently commented on QSR. Royal Bank Of Canada reiterated a “buy” rating and issued a $69.00 price target on shares of Restaurant Brands International in a research note on Monday. UBS AG set a $68.00 price target on Restaurant Brands International and gave the company a “buy” rating in a research note on Tuesday, August 22nd. Zacks Investment Research cut Restaurant Brands International from a “buy” rating to a “hold” rating in a research note on Monday, August 7th. Instinet began coverage on Restaurant Brands International in a research note on Wednesday, July 12th. They issued a “buy” rating and a $73.00 price target for the company. Finally, Nomura began coverage on Restaurant Brands International in a research note on Wednesday, July 12th. They issued a “buy” rating and a $73.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $65.44.

In related news, EVP Jose E. Cil sold 142,700 shares of the business’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $59.05, for a total transaction of $8,426,435.00. Following the transaction, the executive vice president now owns 21,684 shares in the company, valued at $1,280,440.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ali Hedayat purchased 5,000 shares of Restaurant Brands International stock in a transaction that occurred on Friday, August 4th. The shares were bought at an average price of $61.32 per share, for a total transaction of $306,600.00. Following the transaction, the director now directly owns 25,966 shares of the company’s stock, valued at $1,592,235.12. The disclosure for this purchase can be found here. Corporate insiders own 4.20% of the company’s stock.

Shares of Restaurant Brands International Inc. (NYSE:QSR) traded down 2.51% during mid-day trading on Tuesday, reaching $63.22. The company’s stock had a trading volume of 504,188 shares. Restaurant Brands International Inc. has a 12 month low of $42.35 and a 12 month high of $64.67. The company’s 50-day moving average is $60.90 and its 200 day moving average is $58.89. The firm has a market cap of $14.94 billion, a price-to-earnings ratio of 44.24 and a beta of 1.77.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings data on Wednesday, August 2nd. The restaurant operator reported $0.51 EPS for the quarter, beating the consensus estimate of $0.45 by $0.06. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.14 billion. Restaurant Brands International had a net margin of 12.66% and a return on equity of 22.71%. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.41 earnings per share. On average, equities analysts anticipate that Restaurant Brands International Inc. will post $1.89 EPS for the current year.

Restaurant Brands International declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, August 2nd that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the restaurant operator to reacquire up to 2.1% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Friday, September 15th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.23%. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, September 14th. Restaurant Brands International’s dividend payout ratio is 52.78%.

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Restaurant Brands International Profile

Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company had over 20,000 restaurants in more than 100 countries and the United States territories, as of December 31, 2016. It operates through two segments: Tim Hortons (TH) and Burger King (BK). Tim Hortons restaurants are quick service restaurants with a menu that includes blend coffee, tea, espresso-based hot and cold specialty drinks, baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps and soups, among others.

Institutional Ownership by Quarter for Restaurant Brands International (NYSE:QSR)

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