SG Americas Securities LLC Makes New Investment in Restaurant Brands International Inc. (NYSE:QSR)

SG Americas Securities LLC purchased a new position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 2,450 shares of the restaurant operator’s stock, valued at approximately $172,000.

A number of other hedge funds have also recently modified their holdings of QSR. Mather Group LLC. bought a new position in Restaurant Brands International in the 1st quarter worth $25,000. Montag A & Associates Inc. purchased a new stake in Restaurant Brands International in the fourth quarter worth about $30,000. Crewe Advisors LLC bought a new position in shares of Restaurant Brands International in the first quarter worth about $48,000. Dixon Mitchell Investment Counsel Inc. purchased a new position in shares of Restaurant Brands International during the 1st quarter valued at about $59,000. Finally, Parallel Advisors LLC lifted its position in shares of Restaurant Brands International by 24.1% during the 4th quarter. Parallel Advisors LLC now owns 788 shares of the restaurant operator’s stock valued at $62,000 after buying an additional 153 shares in the last quarter. Institutional investors own 82.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Citigroup raised their target price on shares of Restaurant Brands International from $78.00 to $79.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Stifel Nicolaus decreased their price objective on shares of Restaurant Brands International from $80.00 to $77.00 and set a “hold” rating on the stock in a research report on Tuesday, August 13th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $90.00 target price on shares of Restaurant Brands International in a report on Friday, August 9th. Bank of America raised their price target on Restaurant Brands International from $72.00 to $79.00 and gave the company an “underperform” rating in a report on Wednesday, July 17th. Finally, TD Cowen reaffirmed a “buy” rating and issued a $88.00 price objective on shares of Restaurant Brands International in a research note on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $83.07.

Restaurant Brands International Stock Performance

Shares of Restaurant Brands International stock opened at $70.36 on Friday. Restaurant Brands International Inc. has a 52 week low of $61.77 and a 52 week high of $83.29. The company has a market capitalization of $22.29 billion, a PE ratio of 18.13, a price-to-earnings-growth ratio of 2.06 and a beta of 0.92. The stock’s fifty day moving average is $70.52 and its two-hundred day moving average is $73.06. The company has a quick ratio of 1.00, a current ratio of 1.08 and a debt-to-equity ratio of 2.72.

Restaurant Brands International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 20th will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 3.30%. The ex-dividend date is Friday, September 20th. Restaurant Brands International’s dividend payout ratio is presently 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.