Sanctuary Advisors LLC Purchases 39,054 Shares of Restaurant Brands International Inc. $QSR

Sanctuary Advisors LLC boosted its position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 864.2% in the first quarter, Holdings Channel reports. The firm owned 43,573 shares of the restaurant operator’s stock after purchasing an additional 39,054 shares during the period. Sanctuary Advisors LLC’s holdings in Restaurant Brands International were worth $3,220,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Geode Capital Management LLC increased its position in shares of Restaurant Brands International by 6.0% during the fourth quarter. Geode Capital Management LLC now owns 5,216,985 shares of the restaurant operator’s stock worth $365,279,000 after acquiring an additional 295,935 shares in the last quarter. Fiera Capital Corp raised its holdings in shares of Restaurant Brands International by 38.2% during the fourth quarter. Fiera Capital Corp now owns 6,835,522 shares of the restaurant operator’s stock worth $466,595,000 after acquiring an additional 1,889,359 shares during the period. UBS Group AG raised its holdings in shares of Restaurant Brands International by 37.0% during the fourth quarter. UBS Group AG now owns 1,408,839 shares of the restaurant operator’s stock worth $96,125,000 after acquiring an additional 380,635 shares during the period. Hillsdale Investment Management Inc. lifted its position in Restaurant Brands International by 851.5% in the 4th quarter. Hillsdale Investment Management Inc. now owns 376,147 shares of the restaurant operator’s stock valued at $25,713,000 after acquiring an additional 336,615 shares in the last quarter. Finally, Dorato Capital Management bought a new stake in Restaurant Brands International in the 4th quarter valued at $933,000. Institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Stock Down 1.3%

Shares of QSR stock opened at $74.04 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.90 and a debt-to-equity ratio of 2.55. Restaurant Brands International Inc. has a 1 year low of $61.33 and a 1 year high of $81.96. The firm’s fifty day moving average price is $74.30 and its two-hundred day moving average price is $73.14. The firm has a market capitalization of $25.86 billion, a P/E ratio of 26.07, a PEG ratio of 2.00 and a beta of 0.50.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings data on Wednesday, May 6th. The restaurant operator reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.03. Restaurant Brands International had a net margin of 9.96% and a return on equity of 32.80%. The company had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the prior year, the business posted $0.75 EPS. The company’s quarterly revenue was up 7.3% on a year-over-year basis. On average, equities analysts predict that Restaurant Brands International Inc. will post 4.05 EPS for the current fiscal year.

Restaurant Brands International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Tuesday, June 23rd were issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 3.5%. The ex-dividend date was Tuesday, June 23rd. Restaurant Brands International’s dividend payout ratio is presently 91.55%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on QSR. KeyCorp upped their target price 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. Robert W. Baird boosted their price target on Restaurant Brands International from $72.00 to $80.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Barclays boosted their price target on Restaurant Brands International from $85.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. UBS Group increased their price objective on Restaurant Brands International from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Finally, TD Cowen lifted their target price on Restaurant Brands International from $79.00 to $80.00 and gave the company a “hold” rating in a research report on Thursday, July 9th. Fifteen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $84.14.

Restaurant Brands International Company 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.