Gateway Investment Advisers LLC Acquires 1,090 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Gateway Investment Advisers LLC grew its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 1.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 89,777 shares of the restaurant operator’s stock after acquiring an additional 1,090 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Restaurant Brands International were worth $6,475,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Royal Fund Management LLC acquired a new position in Restaurant Brands International during the first quarter worth $1,067,000. Quantbot Technologies LP acquired a new position in Restaurant Brands International in the first quarter worth $850,000. Oppenheimer & Co. Inc. grew its holdings in shares of Restaurant Brands International by 16.5% during the first quarter. Oppenheimer & Co. Inc. now owns 74,421 shares of the restaurant operator’s stock worth $5,913,000 after purchasing an additional 10,544 shares during the last quarter. Russell Investments Group Ltd. lifted its position in Restaurant Brands International by 6.1% during the 1st quarter. Russell Investments Group Ltd. now owns 124,770 shares of the restaurant operator’s stock worth $9,915,000 after buying an additional 7,196 shares in the last quarter. Finally, Norden Group LLC bought a new position in shares of Restaurant Brands International in the first quarter worth about $875,000. 82.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. KeyCorp reduced their price objective on Restaurant Brands International from $85.00 to $80.00 and set an “overweight” rating on the stock in a report on Thursday, June 27th. Royal Bank of Canada raised their price target on Restaurant Brands International from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, September 12th. TD Cowen reissued a “buy” rating and set a $82.00 price objective on shares of Restaurant Brands International in a report on Thursday, September 12th. Wells Fargo & Company reduced their target price on shares of Restaurant Brands International from $80.00 to $77.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. Finally, Guggenheim boosted their price target on shares of Restaurant Brands International from $73.00 to $74.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $83.11.

Insiders Place Their Bets

In other news, insider Thomas Benjamin Curtis sold 6,536 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total transaction of $448,565.68. Following the transaction, the insider now directly owns 37,179 shares in the company, valued at $2,551,594.77. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider Thomas Benjamin Curtis sold 6,536 shares of Restaurant Brands International stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total transaction of $448,565.68. Following the completion of the transaction, the insider now directly owns 37,179 shares in the company, valued at approximately $2,551,594.77. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Axel Mr Schwan sold 36,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $70.44, for a total value of $2,535,840.00. Following the sale, the insider now directly owns 97,479 shares of the company’s stock, valued at $6,866,420.76. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.36% of the company’s stock.

Restaurant Brands International Stock Up 0.8 %

Shares of Restaurant Brands International stock opened at $70.81 on Friday. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.71 and a current ratio of 0.78. Restaurant Brands International Inc. has a 52-week low of $62.22 and a 52-week high of $83.29. The firm has a market cap of $22.43 billion, a PE ratio of 18.25, a P/E/G ratio of 2.12 and a beta of 0.94. The business’s 50 day simple moving average is $70.18 and its 200 day simple moving average is $70.98.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its earnings results on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.01. Restaurant Brands International had a return on equity of 30.78% and a net margin of 16.99%. The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.05 billion. On average, analysts predict that Restaurant Brands International Inc. will post 3.37 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 20th were issued a dividend of $0.58 per share. The ex-dividend date was Friday, September 20th. This represents a $2.32 dividend on an annualized basis and a yield of 3.28%. Restaurant Brands International’s payout ratio is 59.79%.

Restaurant Brands International Company Profile

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.