Ameriprise Financial Inc. raised its position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 130.1% during the first quarter, Holdings Channel reports. The institutional investor owned 20,131 shares of the restaurant operator’s stock after buying an additional 11,384 shares during the period. Ameriprise Financial Inc.’s holdings in Restaurant Brands International were worth $1,122,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Wells Fargo & Company MN increased its stake in Restaurant Brands International by 3.6% in the first quarter. Wells Fargo & Company MN now owns 235,525 shares of the restaurant operator’s stock worth $13,128,000 after buying an additional 8,076 shares in the last quarter. IFP Advisors Inc increased its stake in Restaurant Brands International by 21.9% in the first quarter. IFP Advisors Inc now owns 1,817 shares of the restaurant operator’s stock worth $101,000 after buying an additional 327 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Restaurant Brands International by 15.4% in the first quarter. Russell Investments Group Ltd. now owns 138,985 shares of the restaurant operator’s stock worth $7,722,000 after buying an additional 18,548 shares in the last quarter. Korea Investment CORP acquired a new stake in Restaurant Brands International during the first quarter worth about $3,746,000. Finally, Columbus Circle Investors acquired a new stake in Restaurant Brands International during the first quarter worth about $16,140,000. 75.50% of the stock is owned by hedge funds and other institutional investors.

Shares of Restaurant Brands International Inc. (NYSE:QSR) opened at 60.64 on Tuesday. The stock’s 50 day moving average is $60.36 and its 200-day moving average is $54.85. The company has a market cap of $14.29 billion, a P/E ratio of 42.02 and a beta of 1.81. Restaurant Brands International Inc. has a one year low of $41.43 and a one year high of $62.94.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data on Wednesday, April 26th. The restaurant operator reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. Restaurant Brands International had a net margin of 12.97% and a return on equity of 21.88%. The company had revenue of $1 billion during the quarter, compared to analyst estimates of $989.16 million. During the same period last year, the business earned $0.30 earnings per share. Restaurant Brands International’s revenue was up 8.9% compared to the same quarter last year. Equities research analysts forecast that Restaurant Brands International Inc. will post $1.84 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 6th. Stockholders of record on Monday, May 15th were given a $0.19 dividend. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend was Thursday, May 11th. Restaurant Brands International’s dividend payout ratio (DPR) is 52.41%.

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A number of analysts have issued reports on the stock. Nomura assumed coverage on shares of Restaurant Brands International in a report on Wednesday, July 12th. They issued a “buy” rating and a $73.00 price objective for the company. Instinet assumed coverage on shares of Restaurant Brands International in a report on Wednesday, July 12th. They issued a “buy” rating and a $73.00 price objective for the company. BidaskClub raised shares of Restaurant Brands International from a “hold” rating to a “buy” rating in a report on Wednesday, June 21st. Piper Jaffray Companies reissued an “overweight” rating and issued a $66.00 price objective on shares of Restaurant Brands International in a report on Tuesday, June 6th. Finally, Zacks Investment Research downgraded shares of Restaurant Brands International from a “strong-buy” rating to a “hold” rating in a report on Friday, May 19th. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $60.53.

In other Restaurant Brands International news, EVP Jose E. Cil sold 142,700 shares of Restaurant Brands International stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $59.05, for a total transaction of $8,426,435.00. Following the completion of the sale, the executive vice president now directly owns 21,684 shares in the company, valued at $1,280,440.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Jose E. Cil sold 1,760 shares of Restaurant Brands International stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $59.75, for a total transaction of $105,160.00. Following the sale, the executive vice president now owns 22,855 shares of the company’s stock, valued at $1,365,586.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 250,000 shares of company stock valued at $14,849,219. 4.20% of the stock is currently owned by company insiders.

Restaurant Brands International Company 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.

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

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