GW&K Investment Management LLC Raises Stock Position in Restaurant Brands International Inc. (NYSE:QSR)

GW&K Investment Management LLC lifted its position in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 14.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 610,713 shares of the restaurant operator's stock after buying an additional 76,253 shares during the period. GW&K Investment Management LLC owned about 0.19% of Restaurant Brands International worth $40,698,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Inkwell Capital LLC bought a new position in shares of Restaurant Brands International in the fourth quarter worth approximately $3,370,000. Allspring Global Investments Holdings LLC lifted its position in Restaurant Brands International by 55.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 70,857 shares of the restaurant operator's stock valued at $4,759,000 after purchasing an additional 25,292 shares during the period. Baupost Group LLC MA lifted its position in Restaurant Brands International by 10,155.5% during the fourth quarter. Baupost Group LLC MA now owns 2,901,700 shares of the restaurant operator's stock valued at $189,133,000 after purchasing an additional 2,873,406 shares during the period. Private Trust Co. NA lifted its position in Restaurant Brands International by 96.6% during the first quarter. Private Trust Co. NA now owns 519 shares of the restaurant operator's stock valued at $35,000 after purchasing an additional 255 shares during the period. Finally, Canoe Financial LP lifted its position in Restaurant Brands International by 14.4% during the first quarter. Canoe Financial LP now owns 2,307,351 shares of the restaurant operator's stock valued at $153,834,000 after purchasing an additional 291,269 shares during the period. Institutional investors own 82.29% of the company's stock.

Restaurant Brands International Trading Up 0.0%

Shares of Restaurant Brands International stock traded up $0.01 during trading on Thursday, hitting $71.15. The stock had a trading volume of 548,807 shares, compared to its average volume of 2,509,580. The firm's fifty day simple moving average is $68.74 and its 200-day simple moving average is $65.88. The stock has a market cap of $23.32 billion, a PE ratio of 24.10, a PEG ratio of 2.22 and a beta of 0.58. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.96 and a quick ratio of 0.90. Restaurant Brands International Inc. has a 12 month low of $58.71 and a 12 month high of $74.09.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last posted its quarterly earnings results on Thursday, May 8th. The restaurant operator reported $0.75 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.03). The company had revenue of $2.03 billion during the quarter, compared to analysts' expectations of $2.17 billion. Restaurant Brands International had a return on equity of 28.94% and a net margin of 10.82%. The company's quarterly revenue was up 21.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.73 EPS. As a group, sell-side analysts expect that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 8th. Shareholders of record on Tuesday, June 24th were given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date of this dividend was Tuesday, June 24th. Restaurant Brands International's dividend payout ratio (DPR) is 84.07%.

Insider Activity

In other news, insider Jacqueline Friesner sold 70,000 shares of Restaurant Brands International stock in a transaction that occurred on 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 owned 182,897 shares of the company's stock, valued at $12,817,421.76. The trade was a 27.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.36% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on QSR shares. Robert W. Baird lowered their price objective on shares of Restaurant Brands International from $72.00 to $65.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. UBS Group lowered their price objective on shares of Restaurant Brands International from $90.00 to $85.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. Loop Capital reaffirmed a "buy" rating on shares of Restaurant Brands International in a report on Thursday, June 26th. Wells Fargo & Company reduced their target price on shares of Restaurant Brands International from $69.00 to $66.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Finally, Guggenheim upped their target price on shares of Restaurant Brands International from $71.00 to $77.00 and gave the company a "buy" rating in a report on Friday, April 4th. 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. According to data from MarketBeat, Restaurant Brands International presently has a consensus rating of "Hold" and a consensus price target of $75.65.

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.