Allianz Asset Management GmbH Acquires 7,383 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Key Points

• Allianz Asset Management GmbH increased its stake in Restaurant Brands International Inc. by 35.9%, acquiring an additional 7,383 shares in the first quarter, totaling 27,967 shares worth approximately $1.86 million.
• Insider Jacqueline Friesner sold 70,000 shares of Restaurant Brands, resulting in a 27.68% decrease in her ownership, valued at around $4.91 million.
• Restaurant Brands reported earnings of $0.75 per share for the quarter, missing estimates, and has a dividend yield of 3.61% with an annual dividend of $2.48.

Allianz Asset Management GmbH lifted its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 35.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,967 shares of the restaurant operator's stock after purchasing an additional 7,383 shares during the quarter. Allianz Asset Management GmbH's holdings in Restaurant Brands International were worth $1,864,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Capital World Investors grew its stake in Restaurant Brands International by 2.0% in the 4th quarter. Capital World Investors now owns 43,418,188 shares of the restaurant operator's stock valued at $2,829,974,000 after buying an additional 841,167 shares during the last quarter. EdgePoint Investment Group Inc. lifted its holdings in shares of Restaurant Brands International by 26.6% during the 4th quarter. EdgePoint Investment Group Inc. now owns 12,819,570 shares of the restaurant operator's stock worth $834,478,000 after acquiring an additional 2,695,071 shares during the period. Meritage Group LP lifted its holdings in shares of Restaurant Brands International by 5,795.9% during the 4th quarter. Meritage Group LP now owns 3,301,689 shares of the restaurant operator's stock worth $215,204,000 after acquiring an additional 3,245,689 shares during the period. Canada Pension Plan Investment Board increased its position in shares of Restaurant Brands International by 29.5% during the 4th quarter. Canada Pension Plan Investment Board now owns 2,981,357 shares of the restaurant operator's stock worth $194,069,000 after purchasing an additional 679,000 shares in the last quarter. Finally, Baupost Group LLC MA increased its position in shares of Restaurant Brands International by 10,155.5% during the 4th quarter. Baupost Group LLC MA now owns 2,901,700 shares of the restaurant operator's stock worth $189,133,000 after purchasing an additional 2,873,406 shares in the last quarter. Institutional investors and hedge funds own 82.29% of the company's stock.

Insider Buying and Selling at Restaurant Brands International

In other news, insider Jacqueline Friesner sold 70,000 shares of the stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $70.08, for a total value of $4,905,600.00. Following the transaction, the insider directly owned 182,897 shares of the company's stock, valued at $12,817,421.76. This represents a 27.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.36% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on QSR shares. Morgan Stanley dropped their target price on shares of Restaurant Brands International from $73.00 to $72.00 and set an "equal weight" rating for the company in a research note on Monday, July 14th. Oppenheimer boosted their price objective on shares of Restaurant Brands International from $77.00 to $80.00 and gave the company an "outperform" rating in a report on Tuesday, May 27th. Bank of America decreased their price objective on shares of Restaurant Brands International from $62.00 to $60.00 and set an "underperform" rating for the company in a report on Friday, July 18th. Robert W. Baird decreased their price objective on shares of Restaurant Brands International from $72.00 to $65.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Finally, UBS Group reduced their price target on shares of Restaurant Brands International from $90.00 to $85.00 and set a "buy" rating for the company in a report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $76.09.

Restaurant Brands International Stock Up 0.3%

Shares of QSR stock traded up $0.23 during trading on Friday, reaching $68.09. The company's stock had a trading volume of 1,607,764 shares, compared to its average volume of 1,789,943. The business has a fifty day moving average price of $68.55 and a 200-day moving average price of $66.21. The company has a quick ratio of 0.90, a current ratio of 0.96 and a debt-to-equity ratio of 2.84. The company has a market cap of $22.32 billion, a price-to-earnings ratio of 23.08, a price-to-earnings-growth ratio of 2.11 and a beta of 0.58. Restaurant Brands International Inc. has a one year low of $58.71 and a one year high of $74.09.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last announced its quarterly earnings data on Thursday, May 8th. The restaurant operator reported $0.75 EPS for the quarter, missing analysts' consensus estimates of $0.78 by ($0.03). The firm had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.17 billion. Restaurant Brands International had a net margin of 10.82% and a return on equity of 28.94%. The business's revenue was up 21.3% on a year-over-year basis. During the same period last year, the business earned $0.73 EPS. Analysts anticipate that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 8th. Stockholders of record on Tuesday, June 24th were given a $0.62 dividend. The ex-dividend date of this dividend was Tuesday, June 24th. This represents a $2.48 annualized dividend and a dividend yield of 3.6%. Restaurant Brands International's dividend payout ratio is presently 84.07%.

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.