Restaurant Brands International Inc. $QSR Shares Bought by Northern Trust Corp

Northern Trust Corp boosted its stake in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 17.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 313,596 shares of the restaurant operator's stock after buying an additional 46,716 shares during the period. Northern Trust Corp owned 0.10% of Restaurant Brands International worth $20,898,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Aviso Financial Inc. lifted its holdings in Restaurant Brands International by 1.2% during the first quarter. Aviso Financial Inc. now owns 953,186 shares of the restaurant operator's stock worth $63,566,000 after buying an additional 11,164 shares during the period. Burgundy Asset Management Ltd. lifted its holdings in Restaurant Brands International by 36.4% during the first quarter. Burgundy Asset Management Ltd. now owns 1,592,502 shares of the restaurant operator's stock worth $106,266,000 after buying an additional 425,203 shares during the period. Northwest & Ethical Investments L.P. lifted its holdings in Restaurant Brands International by 15.6% during the first quarter. Northwest & Ethical Investments L.P. now owns 95,619 shares of the restaurant operator's stock worth $6,378,000 after buying an additional 12,908 shares during the period. Raymond James Financial Inc. lifted its holdings in Restaurant Brands International by 90.9% during the first quarter. Raymond James Financial Inc. now owns 563,747 shares of the restaurant operator's stock worth $37,568,000 after buying an additional 268,511 shares during the period. Finally, Cresset Asset Management LLC lifted its holdings in Restaurant Brands International by 15.6% during the first quarter. Cresset Asset Management LLC now owns 5,040 shares of the restaurant operator's stock worth $339,000 after buying an additional 682 shares during the period. Hedge funds and other institutional investors own 82.29% of the company's stock.

Restaurant Brands International Stock Performance

Shares of NYSE QSR traded up $0.95 during mid-day trading on Friday, hitting $63.05. The stock had a trading volume of 2,681,483 shares, compared to its average volume of 2,244,757. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.95 and a current ratio of 1.01. The company has a 50 day moving average of $66.51 and a two-hundred day moving average of $66.52. Restaurant Brands International Inc. has a twelve month low of $58.71 and a twelve month high of $74.09. The firm has a market cap of $20.67 billion, a PE ratio of 23.88, a PEG ratio of 2.72 and a beta of 0.61.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last released its earnings results on Thursday, August 7th. The restaurant operator reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $2.33 billion. During the same period in the previous year, the company earned $0.86 earnings per share. Restaurant Brands International's revenue was up 15.9% on a year-over-year basis. 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 announced a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Tuesday, September 23rd will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Tuesday, September 23rd. Restaurant Brands International's dividend payout ratio is presently 93.94%.

Analysts Set New Price Targets

QSR has been the subject of a number of analyst reports. Melius began coverage on Restaurant Brands International in a report on Monday, July 14th. They set a "buy" rating and a $90.00 target price for the company. Argus lowered Restaurant Brands International from a "buy" rating to a "hold" rating in a report on Friday, August 15th. Bank of America decreased their price objective on Restaurant Brands International from $62.00 to $60.00 and set an "underperform" rating for the company in a report on Friday, July 18th. Citigroup decreased their price objective on Restaurant Brands International from $76.00 to $72.00 and set a "neutral" rating for the company in a report on Friday, August 8th. Finally, CIBC decreased their price objective on Restaurant Brands International from $78.00 to $77.00 and set an "outperformer" rating for the company in a report on Friday, May 9th. Eleven equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $75.04.

Restaurant Brands International 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.