Stratos Wealth Partners LTD. Raises Stake in Restaurant Brands International Inc. (NYSE:QSR)

Stratos Wealth Partners LTD. boosted its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 0.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,483 shares of the restaurant operator’s stock after buying an additional 23 shares during the period. Stratos Wealth Partners LTD.’s holdings in Restaurant Brands International were worth $280,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of QSR. Ironwood Investment Management LLC raised its position in Restaurant Brands International by 0.6% in the second quarter. Ironwood Investment Management LLC now owns 7,970 shares of the restaurant operator’s stock worth $498,000 after buying an additional 46 shares in the last quarter. Creative Planning raised its position in Restaurant Brands International by 5.4% in the first quarter. Creative Planning now owns 2,101 shares of the restaurant operator’s stock worth $117,000 after buying an additional 108 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Restaurant Brands International by 10.5% in the first quarter. PNC Financial Services Group Inc. now owns 3,228 shares of the restaurant operator’s stock worth $179,000 after buying an additional 306 shares in the last quarter. IFP Advisors Inc raised its position in Restaurant Brands International by 21.9% in the first quarter. IFP Advisors Inc now owns 1,817 shares of the restaurant operator’s stock worth $101,000 after buying an additional 327 shares in the last quarter. Finally, Keybank National Association OH raised its position in Restaurant Brands International by 4.1% in the first quarter. Keybank National Association OH now owns 9,678 shares of the restaurant operator’s stock worth $539,000 after buying an additional 379 shares in the last quarter. 75.54% of the stock is currently owned by institutional investors.

Shares of Restaurant Brands International Inc. (NYSE:QSR) opened at 60.70 on Thursday. Restaurant Brands International Inc. has a one year low of $42.35 and a one year high of $62.94. The stock has a market cap of $14.34 billion, a price-to-earnings ratio of 42.48 and a beta of 1.77. The firm has a 50-day moving average price of $61.41 and a 200-day moving average price of $57.36.

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

Restaurant Brands International declared that its board has approved a stock repurchase program on Wednesday, August 2nd that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the restaurant operator to reacquire up to 2.1% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, September 15th will be given a $0.20 dividend. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.80 annualized dividend and a yield of 1.32%. Restaurant Brands International’s dividend payout ratio is 52.78%.

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A number of research firms recently issued reports on QSR. Zacks Investment Research lowered Restaurant Brands International from a “buy” rating to a “hold” rating in a report on Monday. Instinet began coverage on Restaurant Brands International in a report on Wednesday, July 12th. They set a “buy” rating and a $73.00 price target on the stock. Nomura began coverage on Restaurant Brands International in a report on Wednesday, July 12th. They set a “buy” rating and a $73.00 price target on the stock. BidaskClub raised Restaurant Brands International from a “hold” rating to a “buy” rating in a report on Wednesday, June 21st. Finally, UBS AG reissued a “buy” rating and set a $68.00 price target (up previously from $64.00) on shares of Restaurant Brands International in a report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $63.63.

In other Restaurant Brands International news, EVP Jose E. Cil sold 142,700 shares of the company’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $59.05, for a total value of $8,426,435.00. Following the completion of the transaction, the executive vice president now owns 21,684 shares in the company, valued at approximately $1,280,440.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Ali Hedayat bought 5,000 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was purchased at an average price of $61.32 per share, with a total value of $306,600.00. Following the transaction, the director now owns 25,966 shares in the company, valued at approximately $1,592,235.12. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 250,000 shares of company stock valued at $14,849,219. 4.20% of the stock is owned by insiders.

Restaurant Brands International Company 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.

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

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