Vise Technologies Inc. Acquires New Stake in Restaurant Brands International Inc. $QSR

Vise Technologies Inc. purchased a new position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,999 shares of the restaurant operator’s stock, valued at approximately $265,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Aviva PLC lifted its holdings in Restaurant Brands International by 141.0% in the second quarter. Aviva PLC now owns 233,337 shares of the restaurant operator’s stock valued at $15,475,000 after acquiring an additional 136,507 shares during the period. Prospera Financial Services Inc lifted its stake in shares of Restaurant Brands International by 47.7% in the second quarter. Prospera Financial Services Inc now owns 8,817 shares of the restaurant operator’s stock valued at $585,000 after purchasing an additional 2,849 shares during the period. Metis Global Partners LLC boosted its holdings in Restaurant Brands International by 11.4% during the second quarter. Metis Global Partners LLC now owns 13,270 shares of the restaurant operator’s stock worth $880,000 after buying an additional 1,357 shares in the last quarter. Harvest Portfolios Group Inc. increased its holdings in Restaurant Brands International by 8.0% in the second quarter. Harvest Portfolios Group Inc. now owns 48,906 shares of the restaurant operator’s stock valued at $3,244,000 after buying an additional 3,613 shares in the last quarter. Finally, Savant Capital LLC acquired a new stake in shares of Restaurant Brands International during the 2nd quarter valued at approximately $217,000. Institutional investors and hedge funds own 82.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on QSR. Royal Bank Of Canada lowered their price target on Restaurant Brands International from $80.00 to $77.00 and set an “outperform” rating on the stock in a report on Friday, August 8th. Argus lowered Restaurant Brands International from a “buy” rating to a “hold” rating in a report on Friday, August 15th. Northcoast Research downgraded Restaurant Brands International from a “buy” rating to a “neutral” rating in a research note on Friday, September 12th. Sanford C. Bernstein set a $78.00 price objective on shares of Restaurant Brands International in a research report on Friday, August 8th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Restaurant Brands International in a research note on Wednesday, October 8th. Nine analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $74.76.

Restaurant Brands International Trading Down 0.8%

Shares of QSR stock opened at $68.10 on Tuesday. The company has a market capitalization of $22.32 billion, a price-to-earnings ratio of 24.24, a PEG ratio of 2.08 and a beta of 0.63. The company has a current ratio of 1.06, a quick ratio of 0.98 and a debt-to-equity ratio of 2.65. The firm has a 50-day moving average price of $66.39 and a 200 day moving average price of $67.06. Restaurant Brands International Inc. has a twelve month low of $58.71 and a twelve month high of $72.32.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings results on Thursday, October 30th. The restaurant operator reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.03. The company had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $2.39 billion. Restaurant Brands International had a net margin of 9.95% and a return on equity of 32.43%. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period last year, the company earned $0.93 EPS. Research analysts forecast that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Tuesday, December 23rd will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Tuesday, December 23rd. Restaurant Brands International’s payout ratio is presently 88.26%.

Restaurant Brands International Profile

Restaurant Brands International Inc operates as a quick-service restaurant company in Canada, the United States, and internationally. It operates through four segments: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), and Firehouse Subs (FHS). The company owns and franchises TH chain of donut/coffee/tea restaurants that offer blend coffee, tea, and espresso-based hot and cold specialty drinks; and fresh baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, and other food products.