Oppenheimer Asset Management Inc. Buys New Shares in Restaurant Brands International Inc. $QSR

Oppenheimer Asset Management Inc. bought a new position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 189,733 shares of the restaurant operator’s stock, valued at approximately $13,758,000. Oppenheimer Asset Management Inc. owned approximately 0.05% of Restaurant Brands International as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Capital World Investors increased its stake 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 valued at $2,969,819,000 after purchasing an additional 3,095,167 shares in the last quarter. EdgePoint Investment Group Inc. raised its holdings in shares of Restaurant Brands International by 16.2% during the first quarter. EdgePoint Investment Group Inc. now owns 19,348,137 shares of the restaurant operator’s stock valued at $1,432,015,000 after purchasing an additional 2,703,134 shares during the period. Vanguard Group Inc. boosted its position in shares of Restaurant Brands International by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 15,983,585 shares of the restaurant operator’s stock worth $1,090,684,000 after purchasing an additional 344,066 shares in the last quarter. Morgan Stanley boosted its position in shares of Restaurant Brands International by 24.2% during the 4th quarter. Morgan Stanley now owns 8,429,121 shares of the restaurant operator’s stock worth $575,119,000 after purchasing an additional 1,641,870 shares in the last quarter. Finally, Baupost Group LLC MA grew its stake in shares of Restaurant Brands International by 103.8% in the 3rd quarter. Baupost Group LLC MA now owns 8,252,862 shares of the restaurant operator’s stock valued at $529,337,000 after buying an additional 4,203,300 shares during the period. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Restaurant Brands International Stock Up 1.2%

Restaurant Brands International stock opened at $77.54 on Friday. Restaurant Brands International Inc. has a 1-year low of $61.33 and a 1-year high of $81.96. The firm has a market capitalization of $27.08 billion, a price-to-earnings ratio of 20.84, a price-to-earnings-growth ratio of 2.08 and a beta of 0.50. The firm’s fifty day moving average price is $74.02 and its two-hundred day moving average price is $73.86. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 2.49.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.03. The firm had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Restaurant Brands International had a net margin of 13.12% and a return on equity of 33.43%. The business’s revenue was up 4.6% on a year-over-year basis. During the same period last year, the company earned $0.94 earnings per share. On average, equities research analysts predict that Restaurant Brands International Inc. will post 4.03 earnings per share for the current fiscal year.

Restaurant Brands International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 18th will be given a $0.65 dividend. The ex-dividend date of this dividend is Friday, September 18th. This represents a $2.60 annualized dividend and a yield of 3.4%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 69.89%.

Analysts Set New Price Targets

QSR has been the subject of a number of research analyst reports. Weiss Ratings raised Restaurant Brands International from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday. UBS Group increased their price target on Restaurant Brands International from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Evercore reissued an “outperform” rating and issued a $88.00 price objective on shares of Restaurant Brands International in a research note on Friday, August 7th. JPMorgan Chase & Co. raised their price objective on Restaurant Brands International from $77.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. Finally, Wells Fargo & Company boosted their price objective on Restaurant Brands International from $75.00 to $80.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. Sixteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $83.70.

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.