RWC Asset Management LLP acquired a new stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 150,000 shares of the restaurant operator’s stock, valued at approximately $9,582,000. RWC Asset Management LLP owned approximately 0.06% of Restaurant Brands International at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in QSR. US Bancorp DE raised its position in Restaurant Brands International by 8.4% during the second quarter. US Bancorp DE now owns 9,007 shares of the restaurant operator’s stock valued at $563,000 after purchasing an additional 698 shares in the last quarter. Cigna Investments Inc. New acquired a new position in shares of Restaurant Brands International during the second quarter worth $211,000. Canada Pension Plan Investment Board increased its holdings in shares of Restaurant Brands International by 1,364.1% during the second quarter. Canada Pension Plan Investment Board now owns 301,600 shares of the restaurant operator’s stock worth $18,843,000 after buying an additional 281,000 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of Restaurant Brands International by 13.3% during the second quarter. First Trust Advisors LP now owns 355,489 shares of the restaurant operator’s stock worth $22,232,000 after buying an additional 41,861 shares in the last quarter. Finally, State of Wisconsin Investment Board increased its holdings in shares of Restaurant Brands International by 1.2% during the second quarter. State of Wisconsin Investment Board now owns 561,733 shares of the restaurant operator’s stock worth $35,116,000 after buying an additional 6,900 shares in the last quarter. Institutional investors and hedge funds own 78.39% of the company’s stock.

Restaurant Brands International Inc. (NYSE QSR) traded up $0.55 during midday trading on Wednesday, reaching $61.00. The company had a trading volume of 1,282,500 shares, compared to its average volume of 1,108,679. The firm has a market capitalization of $14,358.85, a P/E ratio of 31.98, a price-to-earnings-growth ratio of 1.80 and a beta of 1.69. Restaurant Brands International Inc. has a 1-year low of $46.88 and a 1-year high of $68.89. The company has a quick ratio of 3.38, a current ratio of 3.45 and a debt-to-equity ratio of 2.70.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings data on Thursday, October 26th. The restaurant operator reported $0.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.09. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.21 billion. Restaurant Brands International had a return on equity of 23.53% and a net margin of 12.40%. Restaurant Brands International’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.43 earnings per share. sell-side analysts anticipate that Restaurant Brands International Inc. will post 1.99 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Friday, December 15th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.38%. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, December 14th. Restaurant Brands International’s dividend payout ratio is presently 55.17%.

Several brokerages have recently issued reports on QSR. Oppenheimer upped their price target on shares of Restaurant Brands International from $70.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, October 19th. Royal Bank of Canada upped their price target on shares of Restaurant Brands International from $69.00 to $77.00 and gave the stock an “outperform” rating in a report on Monday, October 23rd. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Restaurant Brands International from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a report on Wednesday, October 18th. OTR Global upgraded shares of Restaurant Brands International to a “positive” rating in a report on Monday, October 16th. Finally, UBS set a $74.00 price target on shares of Restaurant Brands International and gave the stock a “buy” rating in a report on Monday, October 16th. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Restaurant Brands International currently has an average rating of “Buy” and an average target price of $70.18.

In other Restaurant Brands International news, EVP Jose E. Cil sold 132,911 shares of the company’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $63.77, for a total transaction of $8,475,734.47. Following the sale, the executive vice president now owns 174,631 shares of the company’s stock, valued at $11,136,218.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Restaurant Brands Holdings 3G sold 4,050,594 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $64.70, for a total transaction of $262,073,431.80. The disclosure for this sale can be found here. Insiders sold 5,249,909 shares of company stock valued at $339,590,312 over the last 90 days. 3.05% of the stock is currently owned by company insiders.

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Restaurant Brands International 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.

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

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