Public Employees Retirement System of Ohio Takes $8.74 Million Position in Restaurant Brands International Inc. $QSR

Public Employees Retirement System of Ohio purchased a new position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 120,488 shares of the restaurant operator’s stock, valued at approximately $8,736,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in QSR. Lloyd Advisory Services LLC. purchased a new position in Restaurant Brands International during the fourth quarter valued at $25,000. Larson Financial Group LLC grew its stake in shares of Restaurant Brands International by 1,922.2% in the fourth quarter. Larson Financial Group LLC now owns 364 shares of the restaurant operator’s stock worth $25,000 after acquiring an additional 346 shares during the last quarter. Western Wealth Management LLC purchased a new stake in shares of Restaurant Brands International in the first quarter worth $28,000. CoreCap Advisors LLC increased its holdings in shares of Restaurant Brands International by 304.3% during the second quarter. CoreCap Advisors LLC now owns 465 shares of the restaurant operator’s stock valued at $34,000 after acquiring an additional 350 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC bought a new position in shares of Restaurant Brands International during the first quarter valued at $40,000. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Price Performance

NYSE QSR opened at $77.91 on Tuesday. Restaurant Brands International Inc. has a one year low of $61.33 and a one year high of $81.96. The stock has a 50-day moving average of $75.15 and a 200 day moving average of $74.70. The company has a market capitalization of $27.21 billion, a price-to-earnings ratio of 20.94, a PEG ratio of 2.12 and a beta of 0.50. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.92 and a current ratio of 1.01.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results on Thursday, August 6th. The restaurant operator reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.03. The business had revenue of $2.52 billion for 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 for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.94 EPS. On average, sell-side analysts forecast that Restaurant Brands International Inc. will post 4.03 EPS for the current year.

Restaurant Brands International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 18th will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, September 18th. Restaurant Brands International’s payout ratio is presently 69.89%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on QSR. Barclays upped their price target on shares of Restaurant Brands International from $85.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Evercore reaffirmed an “outperform” rating and issued a $88.00 target price on shares of Restaurant Brands International in a report on Friday, August 7th. Citigroup dropped their target price on shares of Restaurant Brands International from $84.00 to $78.00 and set a “neutral” rating on the stock in a research note on Friday, July 24th. Wells Fargo & Company increased their price target on shares of Restaurant Brands International from $75.00 to $80.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. Finally, Scotia reduced their price target on shares of Restaurant Brands International from $83.00 to $81.00 and set a “sector perform” rating for the company in a research report on Friday, August 7th. Sixteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $83.91.

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.