Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) Director Ali Hedayat purchased 5,000 shares of Restaurant Brands International stock in a transaction dated Friday, August 4th. The shares were acquired at an average cost of $61.32 per share, with a total value of $306,600.00. Following the transaction, the director now directly owns 25,966 shares in the company, valued at $1,592,235.12. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Restaurant Brands International Inc. (NYSE:QSR) traded up 2.34% on Friday, hitting $62.11. The stock had a trading volume of 1,677,755 shares. Restaurant Brands International Inc. has a 12 month low of $42.35 and a 12 month high of $62.94. The company has a market cap of $14.67 billion, a PE ratio of 43.46 and a beta of 1.77. The company has a 50-day moving average of $61.24 and a 200 day moving average of $56.95.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Wednesday, August 2nd. The restaurant operator reported $0.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.06. Restaurant Brands International had a return on equity of 23.25% and a net margin of 12.66%. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the company posted $0.41 EPS. The company’s quarterly revenue was up 8.9% on a year-over-year basis. On average, analysts predict that Restaurant Brands International Inc. will post $1.89 EPS for the current fiscal year.

Restaurant Brands International declared that its Board of Directors has approved a stock buyback plan on Wednesday, August 2nd that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the restaurant operator to buy up to 2.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Friday, September 15th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend is Thursday, September 14th. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.19. Restaurant Brands International’s dividend payout ratio is 52.78%.

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Several institutional investors have recently made changes to their positions in QSR. Marshall Wace North America L.P. raised its position in shares of Restaurant Brands International by 425.5% in the second quarter. Marshall Wace North America L.P. now owns 130,316 shares of the restaurant operator’s stock valued at $8,210,000 after buying an additional 105,518 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of Restaurant Brands International by 10.2% in the second quarter. BNP Paribas Arbitrage SA now owns 2,165 shares of the restaurant operator’s stock valued at $135,000 after buying an additional 200 shares during the period. Highstreet Asset Management Inc. raised its position in shares of Restaurant Brands International by 9.5% in the second quarter. Highstreet Asset Management Inc. now owns 37,551 shares of the restaurant operator’s stock valued at $2,351,000 after buying an additional 3,254 shares during the period. Comerica Bank acquired a new position in shares of Restaurant Brands International during the second quarter valued at approximately $769,000. Finally, Legal & General Group Plc raised its position in shares of Restaurant Brands International by 5.3% in the second quarter. Legal & General Group Plc now owns 859,484 shares of the restaurant operator’s stock valued at $52,465,000 after buying an additional 43,240 shares during the period. 75.68% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have recently commented on QSR shares. Royal Bank Of Canada reaffirmed a “buy” rating and set a $63.00 price target on shares of Restaurant Brands International in a research report on Monday, April 10th. UBS AG increased their target price on shares of Restaurant Brands International from $60.00 to $64.00 and gave the stock a “buy” rating in a report on Monday, April 24th. Citigroup Inc. increased their target price on shares of Restaurant Brands International from $59.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, April 11th. BidaskClub raised shares of Restaurant Brands International from a “hold” rating to a “buy” rating in a report on Wednesday, June 21st. Finally, Nomura started coverage on shares of Restaurant Brands International in a report on Wednesday, July 12th. They issued a “buy” rating and a $73.00 target price for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $62.65.

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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