Metis Global Partners LLC Increases Stake in Restaurant Brands International Inc. $QSR

Metis Global Partners LLC grew its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 11.4% in the second quarter, HoldingsChannel.com reports. The firm owned 13,270 shares of the restaurant operator’s stock after buying an additional 1,357 shares during the quarter. Metis Global Partners LLC’s holdings in Restaurant Brands International were worth $880,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Davis Selected Advisers purchased a new stake in Restaurant Brands International during the 1st quarter valued at $224,744,000. Royal Bank of Canada raised its stake in shares of Restaurant Brands International by 16.7% during the first quarter. Royal Bank of Canada now owns 22,626,635 shares of the restaurant operator’s stock valued at $1,507,839,000 after acquiring an additional 3,230,735 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Restaurant Brands International by 465.8% during the first quarter. Invesco Ltd. now owns 2,644,757 shares of the restaurant operator’s stock worth $176,247,000 after purchasing an additional 2,177,302 shares during the period. TD Asset Management Inc grew its stake in shares of Restaurant Brands International by 29.4% in the first quarter. TD Asset Management Inc now owns 4,631,461 shares of the restaurant operator’s stock worth $308,698,000 after purchasing an additional 1,053,640 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in Restaurant Brands International by 7.6% during the 1st quarter. Vanguard Group Inc. now owns 14,169,061 shares of the restaurant operator’s stock valued at $944,538,000 after purchasing an additional 1,003,563 shares during the period. 82.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

QSR has been the subject of several research analyst reports. Morgan Stanley set a $77.00 price objective on Restaurant Brands International in a report on Tuesday, October 21st. Robert W. Baird raised their price target on Restaurant Brands International from $68.00 to $72.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Barclays reduced their price objective on shares of Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating on the stock in a research report on Friday, August 8th. Sanford C. Bernstein set a $78.00 target price on shares of Restaurant Brands International in a research report on Friday, August 8th. Finally, Scotiabank lifted their target price on shares of Restaurant Brands International from $73.00 to $74.00 and gave the company a “sector perform” rating in a research note on Friday, October 31st. Nine analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Restaurant Brands International has a consensus rating of “Hold” and an average target price of $74.76.

Restaurant Brands International Stock Down 0.4%

QSR stock opened at $68.88 on Wednesday. The firm’s fifty day simple moving average is $65.86 and its 200-day simple moving average is $66.92. The company has a market capitalization of $22.58 billion, a P/E ratio of 24.51, a price-to-earnings-growth ratio of 2.75 and a beta of 0.63. Restaurant Brands International Inc. has a 12 month low of $58.71 and a 12 month high of $72.32. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.06 and a quick ratio of 0.98.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results on Thursday, October 30th. The restaurant operator reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.03. The firm had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $2.39 billion. Restaurant Brands International had a net margin of 9.95% and a return on equity of 32.43%. The business’s revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.93 EPS. As a group, equities research analysts forecast that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Tuesday, December 23rd will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Tuesday, December 23rd. Restaurant Brands International’s payout ratio is currently 88.26%.

Restaurant Brands International Company Profile

Restaurant Brands International Inc operates as a quick-service restaurant company in Canada, the United States, and internationally. It operates through four segments: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), and Firehouse Subs (FHS). The company owns and franchises TH chain of donut/coffee/tea restaurants that offer blend coffee, tea, and espresso-based hot and cold specialty drinks; and fresh baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, and other food products.