OMERS ADMINISTRATION Corp Buys New Stake in Restaurant Brands International Inc. $QSR

OMERS ADMINISTRATION Corp acquired a new position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) during the first quarter, Holdings Channel reports. The institutional investor acquired 550,000 shares of the restaurant operator’s stock, valued at approximately $40,570,000.

Several other large investors have also made changes to their positions in the business. Capital World Investors increased its position 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 period. EdgePoint Investment Group Inc. boosted its position in shares of Restaurant Brands International by 11.7% in the fourth quarter. EdgePoint Investment Group Inc. now owns 16,645,003 shares of the restaurant operator’s stock valued at $1,135,844,000 after acquiring an additional 1,741,795 shares during the period. Vanguard Group Inc. boosted its position in shares of Restaurant Brands International by 2.2% in 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 period. Morgan Stanley grew its stake in shares of Restaurant Brands International by 24.2% in the fourth quarter. Morgan Stanley now owns 8,429,121 shares of the restaurant operator’s stock worth $575,119,000 after acquiring an additional 1,641,870 shares during the last quarter. Finally, Baupost Group LLC MA grew its position in Restaurant Brands International by 103.8% in the 3rd quarter. Baupost Group LLC MA now owns 8,252,862 shares of the restaurant operator’s stock worth $529,337,000 after purchasing an additional 4,203,300 shares during the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

Analyst Ratings Changes

QSR has been the topic of several recent research reports. Robert W. Baird lifted their price objective on Restaurant Brands International from $72.00 to $80.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Wells Fargo & Company increased 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 research report on Thursday, May 7th. CL King set a $81.00 price target on shares of Restaurant Brands International in a report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Restaurant Brands International from $86.00 to $85.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Finally, KeyCorp upped their price objective on shares of Restaurant Brands International from $78.00 to $90.00 and gave the stock an “overweight” rating in a research note on Monday, April 20th. Fifteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $83.86.

Restaurant Brands International Trading Up 0.2%

Shares of NYSE 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 P/E 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 simple moving average is $74.00 and its 200 day simple moving average is $73.24.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Wednesday, May 6th. The restaurant operator reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.03. The company 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%.Restaurant Brands International’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.75 EPS. On average, analysts predict that Restaurant Brands International Inc. will post 4.04 EPS for the current year.

Restaurant Brands International Dividend Announcement

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