Entropy Technologies LP Buys New Shares in Restaurant Brands International Inc. $QSR

Entropy Technologies LP acquired a new stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 27,635 shares of the restaurant operator’s stock, valued at approximately $1,832,000.

Other hedge funds also recently made changes to their positions in the company. Swiss National Bank increased its holdings in Restaurant Brands International by 8.0% during the 2nd quarter. Swiss National Bank now owns 945,730 shares of the restaurant operator’s stock valued at $62,493,000 after purchasing an additional 70,400 shares during the period. Cumberland Partners Ltd raised its holdings in Restaurant Brands International by 46.2% in the second quarter. Cumberland Partners Ltd now owns 5,700 shares of the restaurant operator’s stock worth $377,000 after purchasing an additional 1,800 shares in the last quarter. TD Waterhouse Canada Inc. increased its stake in shares of Restaurant Brands International by 1.0% during the second quarter. TD Waterhouse Canada Inc. now owns 1,219,838 shares of the restaurant operator’s stock valued at $82,737,000 after purchasing an additional 12,256 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Restaurant Brands International by 8.0% during the second quarter. Vanguard Group Inc. now owns 15,303,726 shares of the restaurant operator’s stock valued at $1,015,137,000 after acquiring an additional 1,134,665 shares in the last quarter. Finally, Letko Brosseau & Associates Inc. increased its stake in Restaurant Brands International by 4.6% during the 2nd quarter. Letko Brosseau & Associates Inc. now owns 472,917 shares of the restaurant operator’s stock valued at $31,307,000 after purchasing an additional 21,012 shares in the last quarter. 82.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Scotiabank raised their price target on shares of Restaurant Brands International from $73.00 to $74.00 and gave the company a “sector perform” rating in a report on Friday, October 31st. Sanford C. Bernstein set a $78.00 price target on shares of Restaurant Brands International in a research report on Friday, August 8th. Argus lowered shares of Restaurant Brands International from a “buy” rating to a “hold” rating in a research report on Friday, August 15th. Weiss Ratings reissued a “hold (c+)” rating on shares of Restaurant Brands International in a research report on Wednesday, October 8th. Finally, Northcoast Research lowered Restaurant Brands International from a “buy” rating to a “neutral” rating in a report on Friday, September 12th. Nine investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Restaurant Brands International currently has an average rating of “Hold” and an average price target of $74.76.

Restaurant Brands International Price Performance

QSR stock opened at $70.53 on Friday. The company has a market capitalization of $23.12 billion, a PE ratio of 25.10, a price-to-earnings-growth ratio of 2.70 and a beta of 0.63. The company’s fifty day moving average price is $66.87 and its 200-day moving average price is $67.10. Restaurant Brands International Inc. has a one year low of $58.71 and a one year high of $72.32. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.98 and a current ratio of 1.06.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Thursday, October 30th. The restaurant operator reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.03. Restaurant Brands International had a net margin of 9.95% and a return on equity of 32.43%. The company had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.39 billion. During the same period in the previous year, the firm posted $0.93 EPS. Restaurant Brands International’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, equities analysts anticipate that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Tuesday, December 23rd will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Tuesday, December 23rd. Restaurant Brands International’s payout ratio is currently 88.26%.

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.