NBC Securities Inc. Acquires 11,475 Shares of Restaurant Brands International Inc. (NYSE:QSR)

NBC Securities Inc. boosted its holdings in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 127,500.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,484 shares of the restaurant operator's stock after purchasing an additional 11,475 shares during the quarter. NBC Securities Inc.'s holdings in Restaurant Brands International were worth $765,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in QSR. Capital World Investors grew its holdings in shares of Restaurant Brands International by 2.0% during the fourth quarter. Capital World Investors now owns 43,418,188 shares of the restaurant operator's stock worth $2,829,974,000 after buying an additional 841,167 shares during the last quarter. Vanguard Group Inc. raised its position in Restaurant Brands International by 3.3% in the fourth 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. EdgePoint Investment Group Inc. raised its position in Restaurant Brands International by 26.6% in the fourth 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. Norges Bank purchased a new position in Restaurant Brands International in the fourth quarter worth $264,813,000. Finally, Meritage Group LP raised its stake in shares of Restaurant Brands International by 5,795.9% during the 4th quarter. Meritage Group LP now owns 3,301,689 shares of the restaurant operator's stock worth $215,204,000 after buying an additional 3,245,689 shares during the last quarter. 82.29% of the stock is owned by institutional investors and hedge funds.

Restaurant Brands International Stock Down 0.2%

QSR stock traded down $0.15 during midday trading on Thursday, hitting $71.40. 1,715,760 shares of the company's stock were exchanged, compared to its average volume of 1,890,913. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75. Restaurant Brands International Inc. has a 12-month low of $58.71 and a 12-month high of $75.07. The firm has a 50 day moving average price of $66.36 and a 200-day moving average price of $65.93. The stock has a market capitalization of $23.40 billion, a price-to-earnings ratio of 22.45, a price-to-earnings-growth ratio of 1.77 and a beta of 0.60.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last issued its quarterly earnings results on Thursday, May 8th. The restaurant operator reported $0.75 earnings per share for the quarter, missing analysts' consensus estimates of $0.78 by ($0.03). Restaurant Brands International had a net margin of 12.15% and a return on equity of 28.53%. The firm had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter last year, the firm posted $0.73 earnings per share. Restaurant Brands International's revenue was up 21.3% compared to the same quarter last year. On average, analysts anticipate that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Tuesday, June 24th will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Tuesday, June 24th. This represents a $2.48 dividend on an annualized basis and a yield of 3.47%. Restaurant Brands International's dividend payout ratio is currently 84.07%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on QSR shares. Barclays reduced their target price on Restaurant Brands International from $83.00 to $80.00 and set an "overweight" rating on the stock in a research note on Thursday, February 13th. Morgan Stanley lifted their price objective on Restaurant Brands International from $72.00 to $73.00 and gave the stock an "equal weight" rating in a research report on Friday, May 9th. 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. Citigroup decreased their price target on Restaurant Brands International from $67.00 to $66.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Finally, JPMorgan Chase & Co. decreased their price target on Restaurant Brands International from $80.00 to $78.00 and set an "overweight" rating on the stock in a research note on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $75.91.

Insider Activity at Restaurant Brands International

In other Restaurant Brands International news, insider Jacqueline Friesner sold 70,000 shares of the business's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $70.08, for a total transaction of $4,905,600.00. Following the sale, the insider now owns 182,897 shares in the company, valued at approximately $12,817,421.76. The trade was a 27.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sami A. Siddiqui sold 12,500 shares of Restaurant Brands International stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $68.12, for a total value of $851,500.00. Following the transaction, the chief financial officer now directly owns 235,228 shares in the company, valued at approximately $16,023,731.36. This trade represents a 5.05% decrease in their position. The disclosure for this sale can be found here. 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.