Cullen Frost Bankers Inc. Boosts Stock Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Cullen Frost Bankers Inc. increased its stake in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 375,772.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,657 shares of the restaurant operator's stock after buying an additional 67,639 shares during the quarter. Cullen Frost Bankers Inc.'s holdings in Restaurant Brands International were worth $4,509,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in QSR. Larson Financial Group LLC lifted its stake in shares of Restaurant Brands International by 438.6% in the 1st quarter. Larson Financial Group LLC now owns 781 shares of the restaurant operator's stock valued at $52,000 after acquiring an additional 636 shares during the last quarter. Asahi Life Asset Management CO. LTD. bought a new position in shares of Restaurant Brands International in the 1st quarter valued at $365,000. Signaturefd LLC lifted its stake in shares of Restaurant Brands International by 17.1% in the 1st quarter. Signaturefd LLC now owns 7,828 shares of the restaurant operator's stock valued at $522,000 after acquiring an additional 1,141 shares during the last quarter. Cutter & CO Brokerage Inc. bought a new position in shares of Restaurant Brands International in the 1st quarter valued at $250,000. Finally, MQS Management LLC bought a new position in Restaurant Brands International during the 1st quarter worth $291,000. Institutional investors and hedge funds own 82.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on QSR shares. Wells Fargo & Company lowered their target price on Restaurant Brands International from $69.00 to $66.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Melius initiated coverage on Restaurant Brands International in a research report on Monday. They issued a "buy" rating and a $90.00 price objective for the company. Citigroup lowered their price objective 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. Argus raised Restaurant Brands International from a "hold" rating to a "buy" rating in a research report on Wednesday, March 19th. Finally, Oppenheimer lifted their price objective on Restaurant Brands International from $77.00 to $80.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 27th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $76.39.

Restaurant Brands International Stock Performance

QSR stock traded up $1.64 during midday trading on Thursday, reaching $69.60. 3,341,994 shares of the company's stock traded hands, compared to its average volume of 2,113,608. The company has a 50-day moving average price of $68.52 and a two-hundred day moving average price of $65.71. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.90 and a current ratio of 0.96. Restaurant Brands International Inc. has a 52 week low of $58.71 and a 52 week high of $74.79. The firm has a market capitalization of $22.81 billion, a PE ratio of 23.59, a price-to-earnings-growth ratio of 2.01 and a beta of 0.58.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last released its quarterly earnings results on Thursday, May 8th. The restaurant operator reported $0.75 EPS for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $2.17 billion. During the same quarter last year, the firm earned $0.73 earnings per share. The firm's revenue for the quarter was up 21.3% on a year-over-year basis. As a group, equities analysts anticipate that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 8th. Stockholders of record on Tuesday, June 24th were paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 3.56%. The ex-dividend date was Tuesday, June 24th. Restaurant Brands International's dividend payout ratio (DPR) is 84.07%.

Insider Activity at Restaurant Brands International

In related 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 completion of 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.36% of the company's stock.

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.