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Nichols & Pratt Advisers LLP MA Raises Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Restaurant Brands International logo with Retail/Wholesale background

Nichols & Pratt Advisers LLP MA increased its position in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 33.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 35,868 shares of the restaurant operator's stock after buying an additional 8,940 shares during the quarter. Nichols & Pratt Advisers LLP MA's holdings in Restaurant Brands International were worth $2,391,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in QSR. Dunhill Financial LLC increased its holdings in Restaurant Brands International by 100.0% in the 4th quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator's stock valued at $26,000 after purchasing an additional 200 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Restaurant Brands International in the 4th quarter valued at $32,000. Private Trust Co. NA increased its holdings in Restaurant Brands International by 96.6% in the 1st 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 in the last quarter. IFP Advisors Inc increased its holdings in Restaurant Brands International by 183.9% in the 4th quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator's stock valued at $41,000 after purchasing an additional 412 shares in the last quarter. Finally, Physician Wealth Advisors Inc. acquired a new stake in Restaurant Brands International in the 4th quarter valued at $60,000. 82.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Guggenheim raised their target price on Restaurant Brands International from $71.00 to $77.00 and gave the company a "buy" rating in a research note on Friday, April 4th. Scotiabank upgraded Restaurant Brands International to a "hold" rating and set a $75.00 price target for the company in a research note on Wednesday, June 18th. Loop Capital reiterated a "buy" rating on shares of Restaurant Brands International in a research note on Thursday, June 26th. CIBC cut their target price on shares of Restaurant Brands International from $78.00 to $77.00 and set an "outperformer" rating on the stock in a report on Friday, May 9th. Finally, UBS Group cut their target price on shares of Restaurant Brands International from $90.00 to $85.00 and set a "buy" rating on the stock in a report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $75.68.

Get Our Latest Stock Analysis on Restaurant Brands International

Insiders Place Their Bets

In other Restaurant Brands International 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 transaction of $4,905,600.00. Following the transaction, the insider directly owned 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 document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.36% of the company's stock.

Restaurant Brands International Trading Up 0.5%

Restaurant Brands International stock opened at $68.59 on Friday. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.90 and a current ratio of 0.96. The firm has a market cap of $22.48 billion, a price-to-earnings ratio of 23.25, a price-to-earnings-growth ratio of 2.02 and a beta of 0.58. Restaurant Brands International Inc. has a 1 year low of $58.71 and a 1 year high of $75.07. The firm's 50 day moving average price is $68.12 and its two-hundred day moving average price is $65.61.

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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.03). The business had revenue of $2.03 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the firm posted $0.73 EPS. On average, research 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 disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Tuesday, June 24th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 3.62%. The ex-dividend date is Tuesday, June 24th. Restaurant Brands International's payout ratio is 84.07%.

Restaurant Brands International Company Profile

(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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Institutional Ownership by Quarter for Restaurant Brands International (NYSE:QSR)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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