Restaurant Brands International Inc. (QSR) Shares Sold by Baillie Gifford & Co.

Baillie Gifford & Co. lowered its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 1.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,499,860 shares of the restaurant operator’s stock after selling 56,009 shares during the quarter. Baillie Gifford & Co. owned approximately 1.49% of Restaurant Brands International worth $218,664,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. IFP Advisors Inc grew its holdings in Restaurant Brands International by 21.9% during the 1st quarter. IFP Advisors Inc now owns 1,817 shares of the restaurant operator’s stock worth $101,000 after acquiring an additional 327 shares during the last quarter. Westpac Banking Corp grew its holdings in Restaurant Brands International by 1,037.1% during the 1st quarter. Westpac Banking Corp now owns 1,933 shares of the restaurant operator’s stock worth $108,000 after acquiring an additional 1,763 shares during the last quarter. Creative Planning grew its holdings in Restaurant Brands International by 5.4% during the 1st quarter. Creative Planning now owns 2,101 shares of the restaurant operator’s stock worth $117,000 after acquiring an additional 108 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in Restaurant Brands International by 10.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,165 shares of the restaurant operator’s stock worth $135,000 after acquiring an additional 200 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in Restaurant Brands International by 10.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,228 shares of the restaurant operator’s stock worth $179,000 after acquiring an additional 306 shares during the last quarter. 76.68% of the stock is currently owned by hedge funds and other institutional investors.

Restaurant Brands International Inc. (QSR) traded down 0.24% on Friday, reaching $63.02. 1,646,667 shares of the company traded hands. The firm has a 50 day moving average of $61.23 and a 200-day moving average of $59.10. Restaurant Brands International Inc. has a one year low of $42.35 and a one year high of $64.97. The stock has a market capitalization of $14.89 billion, a PE ratio of 44.10 and a beta of 1.77.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data on Wednesday, August 2nd. The restaurant operator reported $0.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.06. Restaurant Brands International had a return on equity of 22.71% and a net margin of 12.66%. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the firm posted $0.41 earnings per share. The firm’s revenue was up 8.9% compared to the same quarter last year. On average, analysts anticipate that Restaurant Brands International Inc. will post $1.89 EPS for the current year.

Restaurant Brands International announced that its Board of Directors has approved a stock buyback plan on Wednesday, August 2nd that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the restaurant operator to purchase up to 2.1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Friday, September 15th will be issued a $0.20 dividend. The ex-dividend date is Thursday, September 14th. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a yield of 1.27%. Restaurant Brands International’s dividend payout ratio is presently 55.56%.

A number of equities research analysts have commented on the stock. UBS AG raised shares of Restaurant Brands International from a “market perform” rating to an “outperform” rating in a report on Wednesday, June 14th. Zacks Investment Research lowered shares of Restaurant Brands International from a “buy” rating to a “hold” rating in a report on Thursday. Bank of America Corporation reissued a “neutral” rating and set a $62.00 price objective on shares of Restaurant Brands International in a report on Monday, August 14th. BidaskClub lowered shares of Restaurant Brands International from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Finally, BMO Capital Markets raised their target price on shares of Restaurant Brands International from $63.00 to $66.00 and gave the company an “outperform” rating in a research note on Thursday, August 3rd. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Restaurant Brands International currently has an average rating of “Buy” and a consensus price target of $65.69.

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In related news, Director Ali Hedayat bought 5,000 shares of Restaurant Brands International stock in a transaction that occurred on Friday, August 4th. The shares were acquired at an average cost of $61.32 per share, for a total transaction of $306,600.00. Following the completion of the acquisition, the director now directly owns 25,966 shares of the company’s stock, valued at approximately $1,592,235.12. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.20% of the company’s stock.

Restaurant Brands International Profile

Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company had over 20,000 restaurants in more than 100 countries and the United States territories, as of December 31, 2016. It operates through two segments: Tim Hortons (TH) and Burger King (BK). Tim Hortons restaurants are quick service restaurants with a menu that includes blend coffee, tea, espresso-based hot and cold specialty drinks, baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps and soups, among others.

Institutional Ownership by Quarter for Restaurant Brands International (NYSE:QSR)

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