Chase Investment Counsel Corp Increases Stock Position in Restaurant Brands International Inc. (NYSE:QSR)

Chase Investment Counsel Corp boosted its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 7.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,439 shares of the restaurant operator’s stock after purchasing an additional 396 shares during the quarter. Chase Investment Counsel Corp’s holdings in Restaurant Brands International were worth $382,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. US Bancorp DE raised its position in shares of Restaurant Brands International by 16.1% during the 4th quarter. US Bancorp DE now owns 9,096 shares of the restaurant operator’s stock valued at $711,000 after buying an additional 1,262 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of Restaurant Brands International during the 4th quarter valued at about $184,000. Hsbc Holdings PLC raised its position in shares of Restaurant Brands International by 12.4% during the 4th quarter. Hsbc Holdings PLC now owns 104,797 shares of the restaurant operator’s stock valued at $8,188,000 after buying an additional 11,555 shares in the last quarter. Parallel Advisors LLC raised 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. Finally, Allianz Asset Management GmbH raised its position in shares of Restaurant Brands International by 13.2% during the 4th quarter. Allianz Asset Management GmbH now owns 90,654 shares of the restaurant operator’s stock valued at $7,083,000 after buying an additional 10,585 shares in the last quarter. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on QSR shares. Bank of America increased their price objective on shares of Restaurant Brands International from $72.00 to $79.00 and gave the stock an “underperform” rating in a research report on Wednesday, July 17th. JPMorgan Chase & Co. increased their price objective on shares of Restaurant Brands International from $80.00 to $84.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Royal Bank of Canada increased their price objective on shares of Restaurant Brands International from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, September 12th. Guggenheim increased their price objective on shares of Restaurant Brands International from $73.00 to $74.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Finally, Wells Fargo & Company reduced their price objective on shares of Restaurant Brands International from $80.00 to $77.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $83.11.

Insider Buying and Selling at Restaurant Brands International

In other Restaurant Brands International news, 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 completion of the transaction, the insider now owns 97,479 shares of the company’s stock, valued at $6,866,420.76. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Restaurant Brands International news, insider Thomas Benjamin Curtis sold 6,536 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total value of $448,565.68. Following the completion of the transaction, the insider now owns 37,179 shares of the company’s stock, valued at $2,551,594.77. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Axel Mr Schwan sold 36,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $70.44, for a total transaction of $2,535,840.00. Following the completion of the transaction, the insider now directly owns 97,479 shares of the company’s stock, valued at approximately $6,866,420.76. The disclosure for this sale can be found here. 1.36% of the stock is owned by insiders.

Restaurant Brands International Price Performance

Shares of QSR opened at $71.28 on Monday. The company has a market cap of $22.58 billion, a price-to-earnings ratio of 18.37, a price-to-earnings-growth ratio of 2.13 and a beta of 0.93. Restaurant Brands International Inc. has a twelve month low of $61.77 and a twelve month high of $83.29. The company has a quick ratio of 0.71, a current ratio of 0.78 and a debt-to-equity ratio of 2.71. The company has a 50 day moving average of $69.94 and a two-hundred day moving average of $71.55.

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

Restaurant Brands International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 20th will be paid a $0.58 dividend. The ex-dividend date is Friday, September 20th. This represents a $2.32 annualized dividend and a yield of 3.25%. Restaurant Brands International’s dividend payout ratio (DPR) is 59.79%.

Restaurant Brands International 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.