Boston Partners Has $1.32 Million Holdings in Restaurant Brands International Inc. $QSR

Boston Partners lessened its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 61.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,872 shares of the restaurant operator's stock after selling 31,146 shares during the period. Boston Partners' holdings in Restaurant Brands International were worth $1,324,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Restaurant Brands International by 7.6% during the 1st quarter. Vanguard Group Inc. now owns 14,169,061 shares of the restaurant operator's stock worth $944,538,000 after acquiring an additional 1,003,563 shares in the last quarter. EdgePoint Investment Group Inc. boosted its position 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 in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Restaurant Brands International by 0.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,108,527 shares of the restaurant operator's stock worth $540,352,000 after acquiring an additional 47,192 shares in the last quarter. Mackenzie Financial Corp boosted its position in shares of Restaurant Brands International by 17.1% during the 1st quarter. Mackenzie Financial Corp now owns 4,912,807 shares of the restaurant operator's stock worth $327,486,000 after acquiring an additional 717,867 shares in the last quarter. Finally, TD Asset Management Inc boosted its position in shares of Restaurant Brands International by 29.4% during the 1st quarter. TD Asset Management Inc now owns 4,631,461 shares of the restaurant operator's stock worth $308,698,000 after acquiring an additional 1,053,640 shares in the last quarter. Institutional investors and hedge funds own 82.29% of the company's stock.

Insiders Place Their Bets

In related news, insider Jacqueline Friesner sold 70,000 shares of Restaurant Brands International stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $70.08, for a total transaction of $4,905,600.00. Following the completion of the transaction, the insider owned 182,897 shares of the company's stock, valued at $12,817,421.76. This trade represents a 27.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.25% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

QSR has been the topic of several analyst reports. Guggenheim increased their price target on shares of Restaurant Brands International from $77.00 to $78.00 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. Citigroup reduced their price target on shares of Restaurant Brands International from $76.00 to $72.00 and set a "neutral" rating on the stock in a research report on Friday, August 8th. Oppenheimer increased their price target on shares of Restaurant Brands International from $77.00 to $80.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 27th. CIBC reduced their price target on shares of Restaurant Brands International from $78.00 to $77.00 and set an "outperformer" rating on the stock in a research report on Friday, May 9th. Finally, Melius assumed coverage on shares of Restaurant Brands International in a research note on Monday, July 14th. They issued a "buy" rating and a $90.00 price objective for the company. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, Restaurant Brands International presently has a consensus rating of "Hold" and an average price target of $75.04.

Restaurant Brands International Price Performance

QSR stock opened at $65.35 on Monday. The company has a fifty day moving average price of $67.52 and a 200-day moving average price of $66.62. The company has a market capitalization of $21.42 billion, a P/E ratio of 24.75, a PEG ratio of 2.81 and a beta of 0.58. Restaurant Brands International Inc. has a 52-week low of $58.71 and a 52-week high of $74.09. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.95 and a current ratio of 1.01.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last released its quarterly earnings results on Thursday, August 7th. The restaurant operator reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.03). Restaurant Brands International had a net margin of 9.43% and a return on equity of 29.54%. The business had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.33 billion. During the same period in the previous year, the business posted $0.86 EPS. Restaurant Brands International's revenue was up 15.9% on a year-over-year basis. As a group, equities analysts expect that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Tuesday, September 23rd will be paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Tuesday, September 23rd. Restaurant Brands International's dividend payout ratio (DPR) is currently 93.94%.

Restaurant Brands International Company 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.

Want to see what other hedge funds are holding QSR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.