Seven Bridges Advisors LLC boosted its stake in Restaurant Brands International (NYSE:QSR) by 6.4% during the second quarter, Holdings Channel reports. The institutional investor 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 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of QSR. Commonwealth Equity Services Inc increased its position in shares of Restaurant Brands International by 2.9% in the first quarter. Commonwealth Equity Services Inc now owns 9,212 shares of the company’s stock valued at $358,000 after buying an additional 258 shares in the last quarter. Lombard Odier & Cie Canada Limited Partnership increased its position 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 valued at $613,000 after buying an additional 300 shares in the last quarter. Pacific Global Investment Management CO increased its position 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 valued at $315,000 after buying an additional 452 shares in the last quarter. Credit Agricole S A increased its position 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 valued at $983,000 after buying an additional 599 shares in the last quarter. Finally, Nexus Investment Management Inc. increased its position 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 valued at $1,563,000 after buying an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 73.61% of the company’s stock.

Shares of Restaurant Brands International (NYSE:QSR) traded up 0.93% during mid-day trading on Tuesday, hitting $45.77. 664,243 shares of the stock were exchanged. The company has a market cap of $10.70 billion, a P/E ratio of 42.38 and a beta of 1.78. Restaurant Brands International has a 52-week low of $29.28 and a 52-week high of $49.12. The stock’s 50-day moving average price is $46.77 and its 200-day moving average price is $42.59.

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

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

Several research analysts have recently weighed in on QSR shares. RBC Capital Markets reissued an “outperform” rating and set a $49.00 price objective on shares of Restaurant Brands International in a report on Wednesday, August 3rd. Credit Suisse Group AG reissued a “hold” rating on shares of Restaurant Brands International in a report on Friday, August 5th. OTR Global raised shares of Restaurant Brands International from a “mixed” rating to a “positive” rating in a report on Monday, July 18th. Piper Jaffray Cos. reissued an “overweight” rating and set a $46.00 price objective on shares of Restaurant Brands International in a report on Friday, May 27th. Finally, Zacks Investment Research cut shares of Restaurant Brands International from a “buy” rating to a “hold” rating in a report on Saturday, September 3rd. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Restaurant Brands International has an average rating of “Buy” and a consensus target price of $46.64.

In related news, Director Motta Roberto Moses Thompson purchased 22,000 shares of the business’s stock in a transaction that occurred on Thursday, September 8th. The stock was bought at an average price of $46.98 per share, with a total value of $1,033,560.00. Following the acquisition, the director now owns 7,440 shares in the company, valued at $349,531.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ali Hedayat purchased 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 11th. The stock was bought at an average cost of $47.73 per share, with a total value of $238,650.00. Following the acquisition, the director now owns 20,000 shares in the company, valued at approximately $954,600. The disclosure for this purchase can be found here. 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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