Burney Co. reduced its stake in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 48.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,944 shares of the restaurant operator's stock after selling 6,460 shares during the period. Burney Co.'s holdings in Restaurant Brands International were worth $463,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. American Century Companies Inc. raised its position in shares of Restaurant Brands International by 3.4% in the 4th quarter. American Century Companies Inc. now owns 43,358 shares of the restaurant operator's stock worth $2,826,000 after acquiring an additional 1,428 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Restaurant Brands International by 3.3% in the 4th quarter. Vanguard Group Inc. now owns 13,165,498 shares of the restaurant operator's stock worth $858,101,000 after acquiring an additional 421,873 shares in the last quarter. Norges Bank bought a new position in shares of Restaurant Brands International in the 4th quarter worth about $264,813,000. Alerus Financial NA raised its position in shares of Restaurant Brands International by 4.2% in the 4th quarter. Alerus Financial NA now owns 96,301 shares of the restaurant operator's stock worth $6,277,000 after acquiring an additional 3,884 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Restaurant Brands International by 165.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,148,850 shares of the restaurant operator's stock worth $74,802,000 after acquiring an additional 715,754 shares in the last quarter. 82.29% of the stock is owned by institutional investors.
Restaurant Brands International Stock Performance
Restaurant Brands International stock traded down $0.51 during mid-day trading on Friday, reaching $69.52. 1,800,333 shares of the company's stock were exchanged, compared to its average volume of 3,374,319. The business's fifty day simple moving average is $68.72 and its 200 day simple moving average is $65.99. The firm has a market capitalization of $22.78 billion, a PE ratio of 23.56, a P/E/G ratio of 2.17 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. The company has a quick ratio of 0.90, a current ratio of 0.96 and a debt-to-equity ratio of 2.84.
Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last posted its quarterly earnings data on Thursday, May 8th. The restaurant operator reported $0.75 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.03). Restaurant Brands International had a net margin of 10.82% and a return on equity of 28.94%. The firm had revenue of $2.03 billion during the quarter, compared to analysts' expectations of $2.17 billion. During the same quarter in the previous year, the company posted $0.73 EPS. Restaurant Brands International's revenue for the quarter was up 21.3% on a year-over-year basis. On average, sell-side analysts expect that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.
Restaurant Brands International Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 8th. Investors of record on Tuesday, June 24th were paid a $0.62 dividend. The ex-dividend date was Tuesday, June 24th. This represents a $2.48 annualized dividend and a yield of 3.57%. Restaurant Brands International's payout ratio is 84.07%.
Insider Buying and Selling
In related news, insider Jacqueline Friesner sold 70,000 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $70.08, for a total value of $4,905,600.00. Following the transaction, the insider owned 182,897 shares in the company, valued at approximately $12,817,421.76. This represents a 27.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.36% of the company's stock.
Wall Street Analysts Forecast Growth
QSR has been the subject of a number of research analyst reports. Guggenheim boosted their target price on Restaurant Brands International from $71.00 to $77.00 and gave the company a "buy" rating in a research report on Friday, April 4th. Loop Capital reaffirmed a "buy" rating on shares of Restaurant Brands International in a research report on Thursday, June 26th. UBS Group decreased their target price on Restaurant Brands International from $90.00 to $85.00 and set a "buy" rating for the company in a research report on Monday, May 5th. Citigroup decreased their target price on Restaurant Brands International from $67.00 to $66.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Finally, Bank of America decreased their target price on Restaurant Brands International from $62.00 to $60.00 and set an "underperform" rating for the company in a research report on Friday, July 18th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $75.65.
Read Our Latest Stock Analysis on Restaurant Brands International
About Restaurant Brands International
(
Free Report)
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.
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