Restaurant Brands International Inc. (NYSE:QSR) Stake Cut by A. D. Beadell Investment Counsel Inc.

A. D. Beadell Investment Counsel Inc. decreased its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 16.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,955 shares of the restaurant operator’s stock after selling 4,575 shares during the period. Restaurant Brands International comprises about 1.8% of A. D. Beadell Investment Counsel Inc.’s portfolio, making the stock its 21st largest holding. A. D. Beadell Investment Counsel Inc.’s holdings in Restaurant Brands International were worth $1,856,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of QSR. Canoe Financial LP acquired a new stake in Restaurant Brands International during the first quarter worth about $139,145,000. FIL Ltd grew its position in Restaurant Brands International by 35.7% in the 1st quarter. FIL Ltd now owns 5,797,200 shares of the restaurant operator’s stock worth $389,182,000 after purchasing an additional 1,524,652 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Restaurant Brands International by 443.5% in the first quarter. Bank of New York Mellon Corp now owns 1,795,143 shares of the restaurant operator’s stock valued at $120,526,000 after purchasing an additional 1,464,874 shares during the period. Norges Bank acquired a new position in shares of Restaurant Brands International during the fourth quarter worth approximately $91,144,000. Finally, Alliancebernstein L.P. grew its holdings in Restaurant Brands International by 222.1% in the 4th quarter. Alliancebernstein L.P. now owns 1,957,325 shares of the restaurant operator’s stock worth $126,580,000 after buying an additional 1,349,590 shares in the last quarter.

Analysts Set New Price Targets

QSR has been the subject of a number of analyst reports. KeyCorp boosted their price target on Restaurant Brands International from $82.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, July 21st. JPMorgan Chase & Co. assumed coverage on shares of Restaurant Brands International in a report on Monday, August 21st. They issued an “overweight” rating and a $82.00 price objective for the company. BMO Capital Markets raised their target price on shares of Restaurant Brands International from $81.00 to $88.00 and gave the company an “outperform” rating in a research note on Wednesday, August 9th. Stephens restated an “equal weight” rating and set a $77.00 price target on shares of Restaurant Brands International in a research report on Tuesday, August 8th. Finally, Scotiabank raised their price objective on shares of Restaurant Brands International from $81.00 to $82.00 and gave the company a “sector outperform” rating in a research note on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $79.23.

Restaurant Brands International Stock Down 2.7 %

QSR stock traded down $1.91 during mid-day trading on Tuesday, hitting $67.94. The stock had a trading volume of 2,830,965 shares, compared to its average volume of 1,230,215. The stock has a market capitalization of $21.22 billion, a price-to-earnings ratio of 21.23, a PEG ratio of 2.32 and a beta of 0.99. The company has a current ratio of 1.09, a quick ratio of 1.00 and a debt-to-equity ratio of 2.80. Restaurant Brands International Inc. has a 1-year low of $51.26 and a 1-year high of $78.30. The company has a fifty day moving average of $72.28 and a 200 day moving average of $70.92.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings data on Tuesday, August 8th. The restaurant operator reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.09. The firm had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.75 billion. Restaurant Brands International had a net margin of 15.03% and a return on equity of 34.44%. On average, equities analysts expect that Restaurant Brands International Inc. will post 3.21 EPS for the current fiscal year.

Restaurant Brands International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 20th will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 3.24%. The ex-dividend date is Tuesday, September 19th. Restaurant Brands International’s payout ratio is 66.87%.

About Restaurant Brands International

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.