Mufg Securities Canada LTD. Has $35.58 Million Position in Restaurant Brands International Inc. $QSR

Mufg Securities Canada LTD. cut its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 4.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 491,312 shares of the restaurant operator’s stock after selling 22,391 shares during the period. Restaurant Brands International comprises approximately 0.9% of Mufg Securities Canada LTD.’s portfolio, making the stock its 29th largest position. Mufg Securities Canada LTD.’s holdings in Restaurant Brands International were worth $35,579,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC bought a new stake in shares of Restaurant Brands International in the 1st quarter valued at about $237,000. WINTON GROUP Ltd acquired a new position in shares of Restaurant Brands International in the second quarter worth approximately $265,000. State Street Corp boosted its holdings in Restaurant Brands International by 9,477.4% in the second quarter. State Street Corp now owns 2,997,344 shares of the restaurant operator’s stock valued at $198,711,000 after acquiring an additional 2,966,048 shares during the last quarter. Sei Investments Co. increased its position in Restaurant Brands International by 188.7% during the 2nd quarter. Sei Investments Co. now owns 52,335 shares of the restaurant operator’s stock valued at $3,469,000 after purchasing an additional 34,210 shares during the period. Finally, Treasurer of the State of North Carolina acquired a new stake in Restaurant Brands International during the 2nd quarter valued at approximately $10,019,000. 82.29% of the stock is owned by institutional investors.

Restaurant Brands International Price Performance

QSR stock opened at $77.91 on Tuesday. The stock has a market capitalization of $27.21 billion, a PE ratio of 20.94, a price-to-earnings-growth ratio of 2.12 and a beta of 0.50. The company’s 50-day moving average is $75.15 and its 200-day moving average is $74.70. The company has a debt-to-equity ratio of 2.49, a current ratio of 1.01 and a quick ratio of 0.92. Restaurant Brands International Inc. has a 1 year low of $61.33 and a 1 year high of $81.96.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Thursday, August 6th. The restaurant operator reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.03. The business had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.52 billion. Restaurant Brands International had a return on equity of 33.43% and a net margin of 13.12%.The firm’s revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.94 EPS. Equities research analysts expect that Restaurant Brands International Inc. will post 4.03 EPS for the current fiscal year.

Restaurant Brands International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 18th will be issued a dividend of $0.65 per share. The ex-dividend date is Friday, September 18th. This represents a $2.60 annualized dividend and a yield of 3.3%. Restaurant Brands International’s dividend payout ratio is presently 69.89%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on QSR. Deutsche Bank Aktiengesellschaft dropped 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. Scotia dropped their target price on shares of Restaurant Brands International from $83.00 to $81.00 and set a “sector perform” rating on the stock in a report on Friday, August 7th. Royal Bank Of Canada set a $85.00 price target on Restaurant Brands International and gave the stock an “outperform” rating in a report on Tuesday, July 28th. Barclays boosted their price objective on Restaurant Brands International from $85.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Finally, CL King set a $80.00 target price on Restaurant Brands International in a research note on Monday, August 10th. Sixteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Restaurant Brands International presently has an average rating of “Moderate Buy” and an average target price of $83.91.

Restaurant Brands International Company 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.