Healthcare of Ontario Pension Plan Trust Fund Makes New Investment in Restaurant Brands International Inc. $QSR

Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) in the 1st quarter, HoldingsChannel reports. The institutional investor acquired 123,600 shares of the restaurant operator’s stock, valued at approximately $9,143,000.

Other institutional investors have also recently bought and sold shares of the company. Baupost Group LLC MA raised its stake in shares of Restaurant Brands International by 103.8% during the 3rd quarter. Baupost Group LLC MA now owns 8,252,862 shares of the restaurant operator’s stock worth $529,337,000 after purchasing an additional 4,203,300 shares in the last quarter. Platinum Paramount Investment LTD. bought a new stake in shares of Restaurant Brands International in the 4th quarter valued at approximately $281,033,000. Norges Bank bought a new stake in shares of Restaurant Brands International in the 4th quarter valued at approximately $260,709,000. Capital World Investors increased its holdings in Restaurant Brands International by 7.7% in the fourth quarter. Capital World Investors now owns 43,525,570 shares of the restaurant operator’s stock worth $2,969,819,000 after buying an additional 3,095,167 shares during the last quarter. Finally, State Street Corp increased its holdings in Restaurant Brands International by 9,477.4% in the second quarter. State Street Corp now owns 2,997,344 shares of the restaurant operator’s stock worth $198,711,000 after buying an additional 2,966,048 shares during the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Citigroup cut their price objective on shares of Restaurant Brands International from $84.00 to $78.00 and set a “neutral” rating on the stock in a research report on Friday, July 24th. KeyCorp increased their price target on shares of Restaurant Brands International from $78.00 to $90.00 and gave the stock an “overweight” rating in a research note on Monday, April 20th. Barclays raised their price target on shares of Restaurant Brands International from $85.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Royal Bank Of Canada set a $85.00 price objective on shares of Restaurant Brands International and gave the company an “outperform” rating in a research note on Tuesday. Finally, UBS Group upped their price objective on shares of Restaurant Brands International from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Fifteen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $83.86.

Restaurant Brands International Stock Up 0.6%

Restaurant Brands International stock opened at $74.87 on Wednesday. The firm has a market cap of $26.15 billion, a price-to-earnings ratio of 26.36, a P/E/G ratio of 2.17 and a beta of 0.50. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.99 and a quick ratio of 0.90. Restaurant Brands International Inc. has a fifty-two week low of $61.33 and a fifty-two week high of $81.96. The firm has a fifty day moving average price of $73.96 and a two-hundred day moving average price of $73.38.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings results on Wednesday, May 6th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.03. The company had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.24 billion. Restaurant Brands International had a return on equity of 32.80% and a net margin of 9.96%.The firm’s revenue was up 7.3% compared to the same quarter last year. During the same period last year, the business posted $0.75 earnings per share. As a group, analysts forecast that Restaurant Brands International Inc. will post 4.04 earnings per share for the current year.

Restaurant Brands International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Tuesday, June 23rd were issued a $0.65 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $2.60 dividend on an annualized basis and a yield of 3.5%. Restaurant Brands International’s dividend payout ratio (DPR) is 91.55%.

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.