Seven Bridges Advisors LLC increased its stake in Restaurant Brands International (NYSE:QSR) by 6.4% during the second quarter, Holdings Channel reports. The firm owned 13,023 shares of the company’s stock after buying an additional 789 shares during the period. Seven Bridges Advisors LLC’s holdings in Restaurant Brands International were worth $542,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Commonwealth Equity Services Inc increased its stake in Restaurant Brands International by 2.9% in the first quarter. Commonwealth Equity Services Inc now owns 9,212 shares of the company’s stock worth $358,000 after buying an additional 258 shares during the last quarter. Lombard Odier & Cie Canada Limited Partnership boosted its stake in shares of Restaurant Brands International by 1.9% in the first quarter. Lombard Odier & Cie Canada Limited Partnership now owns 15,700 shares of the company’s stock worth $613,000 after buying an additional 300 shares during the period. Pacific Global Investment Management CO boosted its stake in shares of Restaurant Brands International by 5.9% in the first quarter. Pacific Global Investment Management CO now owns 8,125 shares of the company’s stock worth $315,000 after buying an additional 452 shares during the period. Credit Agricole S A boosted its stake in shares of Restaurant Brands International by 2.4% in the first quarter. Credit Agricole S A now owns 25,331 shares of the company’s stock worth $983,000 after buying an additional 599 shares during the period. Finally, Nexus Investment Management Inc. boosted its stake in shares of Restaurant Brands International by 2.7% in the second quarter. Nexus Investment Management Inc. now owns 37,800 shares of the company’s stock worth $1,563,000 after buying an additional 1,000 shares during the period. Institutional investors own 73.61% of the company’s stock.

Shares of Restaurant Brands International (NYSE:QSR) traded up 0.93% during trading on Tuesday, reaching $45.77. 664,243 shares of the company traded hands. The stock has a market capitalization of $10.70 billion, a P/E ratio of 42.38 and a beta of 1.78. The firm’s 50 day moving average is $46.77 and its 200-day moving average is $42.59. Restaurant Brands International has a 12-month low of $29.28 and a 12-month high of $49.12.

Restaurant Brands International (NYSE:QSR) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.35 by $0.06. Restaurant Brands International had a net margin of 11.02% and a return on equity of 20.00%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the previous year, the firm posted $0.30 earnings per share. Restaurant Brands International’s quarterly revenue was down .2% on a year-over-year basis. On average, equities research analysts anticipate that Restaurant Brands International will post $1.53 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 4th. Investors of record on Tuesday, September 6th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, September 1st. This represents a $0.64 annualized dividend and a yield of 1.40%. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.15. Restaurant Brands International’s payout ratio is presently 59.26%.

A number of analysts have commented on the stock. Zacks Investment Research cut shares of Restaurant Brands International from a “buy” rating to a “hold” rating in a research report on Saturday, September 3rd. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Restaurant Brands International in a research report on Friday, August 5th. TheStreet raised shares of Restaurant Brands International from a “hold” rating to a “buy” rating in a research report on Thursday, August 4th. Morgan Stanley reaffirmed a “hold” rating and set a $47.00 price target on shares of Restaurant Brands International in a research report on Friday, August 5th. Finally, Piper Jaffray Cos. reaffirmed an “overweight” rating and set a $46.00 price target on shares of Restaurant Brands International in a research report on Friday, May 27th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $46.64.

In other news, Director Ali Hedayat bought 5,000 shares of the company’s stock in a transaction dated Thursday, August 11th. The shares were purchased at an average price of $47.73 per share, for a total transaction of $238,650.00. Following the completion of the purchase, the director now owns 20,000 shares in the company, valued at approximately $954,600. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Motta Roberto Moses Thompson bought 22,000 shares of the company’s stock in a transaction dated Thursday, September 8th. The stock was purchased at an average price of $46.98 per share, for a total transaction of $1,033,560.00. Following the purchase, the director now owns 7,440 shares of the company’s stock, valued at approximately $349,531.20. The disclosure for this purchase can be found here. Corporate insiders own 4.20% of the company’s stock.

Restaurant Brands International Company Profile

Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company operates approximately 19,000 restaurants in over 100 countries and the United States territories. Its Burger King (BK) and Tim Hortons (TH) brands have similar franchised business models. The Company operates through two segments: TH, which includes all operations of its Tim Hortons brand and BK, which includes all operations of its Burger King brand.

5 Day Chart for NYSE:QSR

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