Cannell & Spears LLC Buys 8,085 Shares of Restaurant Brands International Inc. $QSR

by · The Markets Daily

Cannell & Spears LLC lifted its stake in Restaurant Brands International Inc. (NYSE:QSR – Free Report) (TSE:QSR) by 2.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 306,854 shares of the restaurant operator’s stock after purchasing an additional 8,085 shares during the quarter. Cannell & Spears LLC owned about 0.09% of Restaurant Brands International worth $22,634,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Capital World Investors lifted its position in Restaurant Brands International by 7.7% in the fourth 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. EdgePoint Investment Group Inc. boosted its stake in Restaurant Brands International by 11.7% during the fourth quarter. EdgePoint Investment Group Inc. now owns 16,645,003 shares of the restaurant operator’s stock worth $1,135,844,000 after buying an additional 1,741,795 shares during the period. Vanguard Group Inc. increased its position in Restaurant Brands International by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 15,983,585 shares of the restaurant operator’s stock valued at $1,090,684,000 after acquiring an additional 344,066 shares during the last quarter. Morgan Stanley increased its position in Restaurant Brands International by 24.2% during the fourth quarter. Morgan Stanley now owns 8,429,121 shares of the restaurant operator’s stock valued at $575,119,000 after acquiring an additional 1,641,870 shares during the last quarter. Finally, Baupost Group LLC MA raised its stake 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 acquiring an additional 4,203,300 shares during the period. Institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Stock Performance

Restaurant Brands International stock opened at $72.52 on Friday. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.90 and a current ratio of 0.99. The company 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 50 day moving average price of $74.00 and a 200-day moving average price of $73.24. Restaurant Brands International Inc. has a fifty-two week low of $61.33 and a fifty-two week high of $81.96.

Restaurant Brands International (NYSE:QSR – Get Free Report) (TSE:QSR) last announced its quarterly earnings data on Wednesday, May 6th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.03. The company had revenue of $2.26 billion for 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%.Restaurant Brands International’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.75 earnings per share. As a group, equities analysts forecast that Restaurant Brands International Inc. will post 4.04 earnings per share for the current year.

Restaurant Brands International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Tuesday, June 23rd were given a dividend of $0.65 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.6%. Restaurant Brands International’s dividend payout ratio is presently 91.55%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on QSR shares. Wells Fargo & Company raised their target price on shares of Restaurant Brands International from $75.00 to $80.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. Weiss Ratings upgraded Restaurant Brands International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, July 8th. CL King set a $81.00 target price on Restaurant Brands International in a research report on Thursday, May 7th. Royal Bank Of Canada decreased their target price on Restaurant Brands International from $90.00 to $85.00 and set an “outperform” rating for the company in a research report on Tuesday, July 7th. Finally, Morgan Stanley boosted their target price on shares of Restaurant Brands International from $78.00 to $79.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 15th. Fifteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $83.86.

Read Our Latest Report on QSR

About Restaurant Brands International

(Free Report)

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.

See Also

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