Cullen Frost Bankers Inc. Has $8.55 Million Stake in Restaurant Brands International Inc. $QSR

Cullen Frost Bankers Inc. lifted its stake in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 90.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 128,943 shares of the restaurant operator's stock after buying an additional 61,286 shares during the period. Cullen Frost Bankers Inc.'s holdings in Restaurant Brands International were worth $8,548,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. DekaBank Deutsche Girozentrale lifted its stake in shares of Restaurant Brands International by 1.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 42,344 shares of the restaurant operator's stock valued at $2,794,000 after buying an additional 523 shares during the period. Cidel Asset Management Inc. lifted its stake in shares of Restaurant Brands International by 2.2% in the second quarter. Cidel Asset Management Inc. now owns 669,683 shares of the restaurant operator's stock valued at $44,333,000 after buying an additional 14,726 shares during the period. Alta Capital Management LLC lifted its stake in shares of Restaurant Brands International by 5.5% in the second quarter. Alta Capital Management LLC now owns 147,519 shares of the restaurant operator's stock valued at $9,779,000 after buying an additional 7,665 shares during the period. Generali Asset Management SPA SGR lifted its stake in shares of Restaurant Brands International by 3.8% in the second quarter. Generali Asset Management SPA SGR now owns 7,975 shares of the restaurant operator's stock valued at $529,000 after buying an additional 290 shares during the period. Finally, Ritholtz Wealth Management lifted its stake in shares of Restaurant Brands International by 3.6% in the second quarter. Ritholtz Wealth Management now owns 4,983 shares of the restaurant operator's stock valued at $330,000 after buying an additional 174 shares during the period. Institutional investors own 82.29% of the company's stock.

Restaurant Brands International Stock Up 0.2%

Shares of QSR opened at $67.62 on Thursday. Restaurant Brands International Inc. has a 12 month low of $58.71 and a 12 month high of $74.09. The company has a 50-day moving average price of $64.92 and a two-hundred day moving average price of $66.34. The company has a quick ratio of 0.95, a current ratio of 1.01 and a debt-to-equity ratio of 2.69. The stock has a market cap of $22.16 billion, a price-to-earnings ratio of 25.61, a P/E/G ratio of 2.94 and a beta of 0.65.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last posted its earnings results on Thursday, August 7th. The restaurant operator reported $0.94 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 firm had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.33 billion. During the same quarter last year, the firm posted $0.86 EPS. The business's revenue was up 15.9% on a year-over-year basis. Equities analysts predict that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 7th. Stockholders of record on Tuesday, September 23rd were paid a $0.62 dividend. The ex-dividend date was Tuesday, September 23rd. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.7%. Restaurant Brands International's payout ratio is 93.94%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on QSR. Guggenheim increased their target price on shares of Restaurant Brands International from $77.00 to $78.00 and gave the company a "buy" rating in a research note on Wednesday, August 13th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Restaurant Brands International in a research note on Wednesday, October 8th. Scotiabank increased their target price on shares of Restaurant Brands International from $71.00 to $73.00 and gave the company a "sector perform" rating in a research note on Wednesday, October 8th. Melius began coverage on shares of Restaurant Brands International in a research note on Monday, July 14th. They set a "buy" rating and a $90.00 price target for the company. Finally, Barclays cut their price target on shares of Restaurant Brands International from $80.00 to $78.00 and set an "overweight" rating for the company in a research note on Friday, August 8th. Eleven equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Restaurant Brands International currently has a consensus rating of "Hold" and a consensus target price of $75.42.

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.

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