Kendall Capital Management Has $802,000 Position in Restaurant Brands International Inc. (NYSE:QSR)

Kendall Capital Management boosted its position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 7.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,390 shares of the restaurant operator’s stock after buying an additional 750 shares during the quarter. Kendall Capital Management’s holdings in Restaurant Brands International were worth $802,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV lifted its stake in shares of Restaurant Brands International by 3.6% during the second quarter. Mercer Global Advisors Inc. ADV now owns 11,264 shares of the restaurant operator’s stock valued at $793,000 after acquiring an additional 395 shares during the period. Savoir Faire Capital Management L.P. acquired a new position in Restaurant Brands International during the 2nd quarter valued at about $2,463,000. Dimensional Fund Advisors LP lifted its position in Restaurant Brands International by 1.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 650,486 shares of the restaurant operator’s stock valued at $45,772,000 after purchasing an additional 10,855 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Restaurant Brands International by 1.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 627,157 shares of the restaurant operator’s stock valued at $44,133,000 after purchasing an additional 10,567 shares during the last quarter. Finally, Achmea Investment Management B.V. grew its position in shares of Restaurant Brands International by 3.6% during the 2nd quarter. Achmea Investment Management B.V. now owns 33,977 shares of the restaurant operator’s stock worth $2,393,000 after buying an additional 1,185 shares during the period. 82.29% of the stock is currently owned by institutional investors.

Restaurant Brands International Stock Performance

Shares of QSR stock opened at $69.26 on Thursday. The firm has a market cap of $21.94 billion, a PE ratio of 17.85, a P/E/G ratio of 2.08 and a beta of 0.93. Restaurant Brands International Inc. has a 12 month low of $61.77 and a 12 month high of $83.29. The company’s fifty day simple moving average is $70.29 and its 200-day simple moving average is $72.09. The company has a quick ratio of 0.71, a current ratio of 0.78 and a debt-to-equity ratio of 2.71.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings data on Thursday, August 8th. The restaurant operator reported $0.86 EPS for the quarter, topping analysts’ consensus estimates 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%. Equities research analysts expect that Restaurant Brands International Inc. will post 3.36 EPS for the current fiscal year.

Restaurant Brands International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 20th will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 3.35%. The ex-dividend date of this dividend is Friday, September 20th. Restaurant Brands International’s dividend payout ratio (DPR) is 59.79%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Bank of America increased their price objective on shares of Restaurant Brands International from $72.00 to $79.00 and gave the company an “underperform” rating in a report on Wednesday, July 17th. Genuity Capital Markets reduced their price target on Restaurant Brands International from $74.00 to $73.00 and set a “neutral” rating on the stock in a research report on Thursday, May 30th. TD Cowen reiterated a “buy” rating and issued 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 Restaurant Brands International from $80.00 to $77.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. Finally, KeyCorp lowered their price target on Restaurant Brands International from $85.00 to $80.00 and set an “overweight” rating for the company in a research note on Thursday, June 27th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, Restaurant Brands International currently has a consensus rating of “Moderate Buy” and an average target price of $83.11.

Insider Transactions at Restaurant Brands International

In other Restaurant Brands International news, insider Thomas Benjamin Curtis sold 6,536 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total transaction of $448,565.68. Following the sale, the insider now directly owns 37,179 shares of the company’s stock, valued at $2,551,594.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Axel Mr Schwan sold 36,000 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now directly owns 97,479 shares of the company’s stock, valued at approximately $6,866,420.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 sale, the insider now directly owns 37,179 shares of the company’s stock, valued at approximately $2,551,594.77. The disclosure for this sale can be found here. Company insiders own 1.36% of the company’s stock.

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.