UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Stock Position in Restaurant Brands International Inc. $QSR

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 554.9% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 1,173,662 shares of the restaurant operator’s stock after acquiring an additional 994,454 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.34% of Restaurant Brands International worth $85,102,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Van ECK Associates Corp increased its stake in shares of Restaurant Brands International by 42.2% during the second quarter. Van ECK Associates Corp now owns 439,207 shares of the restaurant operator’s stock worth $31,825,000 after purchasing an additional 130,422 shares in the last quarter. Hsbc Holdings PLC purchased a new position in Restaurant Brands International in the 2nd quarter valued at about $308,000. Public Employees Retirement System of Ohio acquired a new stake in Restaurant Brands International in the 2nd quarter worth about $8,736,000. Partners Capital Investment Group LLP acquired a new stake in Restaurant Brands International in the 2nd quarter worth about $284,000. Finally, Cullen Capital Management LLC purchased a new stake in Restaurant Brands International during the 2nd quarter worth approximately $128,350,000. 82.29% of the stock is owned by hedge funds and other institutional investors.

Restaurant Brands International Stock Performance

NYSE QSR opened at $78.88 on Thursday. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.92 and a current ratio of 1.01. The stock’s fifty day moving average is $75.41 and its two-hundred day moving average is $74.84. The firm has a market capitalization of $27.51 billion, a P/E ratio of 21.20, a price-to-earnings-growth ratio of 2.19 and a beta of 0.51. Restaurant Brands International Inc. has a fifty-two week low of $61.33 and a fifty-two week high of $81.96.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Thursday, August 6th. The restaurant operator reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.03. Restaurant Brands International had a return on equity of 33.43% and a net margin of 13.12%.The business had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period last year, the company earned $0.94 EPS. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. On average, research analysts anticipate that Restaurant Brands International Inc. will post 4.03 earnings per share for the current year.

Restaurant Brands International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 18th will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 3.3%. The ex-dividend date is Friday, September 18th. Restaurant Brands International’s dividend payout ratio (DPR) is presently 69.89%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Robert W. Baird raised their target price on Restaurant Brands International from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Monday, August 24th. Deutsche Bank Aktiengesellschaft dropped their price target on Restaurant Brands International from $86.00 to $85.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Barclays raised their price objective on Restaurant Brands International from $85.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Scotiabank lowered their target price on shares of Restaurant Brands International from $83.00 to $81.00 and set a “sector perform” rating on the stock in a research note on Friday, August 7th. Finally, Morgan Stanley upped their target price on shares of Restaurant Brands International from $78.00 to $79.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 15th. Sixteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $84.00.

Restaurant Brands International Profile

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.