192,737 Shares in Restaurant Brands International Inc. (NYSE:QSR) Purchased by Artemis Investment Management LLP

Artemis Investment Management LLP purchased a new position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) during the second quarter, Holdings Channel reports. The fund purchased 192,737 shares of the restaurant operator’s stock, valued at approximately $13,563,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mather Group LLC. bought a new stake in Restaurant Brands International in the 1st quarter valued at about $25,000. Montag A & Associates Inc. bought a new stake in shares of Restaurant Brands International during the fourth quarter valued at about $30,000. Oakworth Capital Inc. bought a new stake in shares of Restaurant Brands International during the fourth quarter valued at about $30,000. Fifth Third Bancorp increased its position in shares of Restaurant Brands International by 209.0% during the fourth quarter. Fifth Third Bancorp now owns 411 shares of the restaurant operator’s stock valued at $32,000 after buying an additional 278 shares during the period. Finally, Crewe Advisors LLC bought a new stake in shares of Restaurant Brands International during the first quarter valued at about $48,000. 82.29% of the stock is owned by hedge funds and other institutional investors.

Restaurant Brands International Stock Down 0.4 %

Shares of NYSE:QSR traded down $0.29 on Monday, hitting $70.22. 592,927 shares of the company traded hands, compared to its average volume of 1,628,437. Restaurant Brands International Inc. has a 52 week low of $61.77 and a 52 week high of $83.29. The company has a quick ratio of 1.00, a current ratio of 1.08 and a debt-to-equity ratio of 2.72. The stock has a 50 day simple moving average of $70.19 and a 200-day simple moving average of $73.52. The company has a market cap of $22.25 billion, a PE ratio of 18.17, a PEG ratio of 2.06 and a beta of 0.92.

Restaurant Brands International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 20th will be issued a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, September 20th. This represents a $2.32 annualized dividend and a dividend yield of 3.30%. Restaurant Brands International’s payout ratio is presently 59.79%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on QSR. Genuity Capital Markets decreased 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. Scotiabank boosted their price objective on Restaurant Brands International from $80.00 to $81.00 and gave the stock an “outperform” rating in a report on Monday, April 29th. TD Cowen reissued a “buy” rating and set a $88.00 price objective on shares of Restaurant Brands International in a report on Thursday. Bank of America boosted their price objective on Restaurant Brands International from $72.00 to $79.00 and gave the stock an “underperform” rating in a report on Wednesday, July 17th. Finally, TD Securities boosted their price objective on Restaurant Brands International from $84.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $83.22.

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.