Restaurant Brands International Inc. (NYSE:QSR) Shares Purchased by Skandinaviska Enskilda Banken AB publ

Key Points

• Skandinaviska Enskilda Banken AB has increased its stake in Restaurant Brands International Inc. by 13.4%, holding nearly 45,000 shares worth approximately $2.99 million as of the latest quarter.
• Analyst ratings for Restaurant Brands International vary, with updated price targets ranging from $72.00 to $81.00, while the stock currently has a consensus rating of "Hold" and an average target of $76.09.
• The company's stock recently traded at $68.77, reflecting a decline of 0.4% amid trading, with a 12-month high of $74.09 and a low of $58.71 noted in the past year.

Skandinaviska Enskilda Banken AB publ increased its stake in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 13.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 44,864 shares of the restaurant operator's stock after purchasing an additional 5,300 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in Restaurant Brands International were worth $2,990,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of QSR. American Century Companies Inc. increased its position in shares of Restaurant Brands International by 3.4% during the 4th quarter. American Century Companies Inc. now owns 43,358 shares of the restaurant operator's stock valued at $2,826,000 after purchasing an additional 1,428 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Restaurant Brands International by 165.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,148,850 shares of the restaurant operator's stock valued at $74,802,000 after purchasing an additional 715,754 shares during the last quarter. CIBC Private Wealth Group LLC increased its position in shares of Restaurant Brands International by 119.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 27,621 shares of the restaurant operator's stock valued at $1,727,000 after purchasing an additional 15,039 shares during the last quarter. Physician Wealth Advisors Inc. bought a new position in shares of Restaurant Brands International during the 4th quarter valued at approximately $60,000. Finally, AIA Group Ltd increased its position in shares of Restaurant Brands International by 27.6% during the 4th quarter. AIA Group Ltd now owns 56,575 shares of the restaurant operator's stock valued at $3,688,000 after purchasing an additional 12,229 shares during the last quarter. Institutional investors own 82.29% of the company's stock.

Insider Activity

In other news, insider Jacqueline Friesner sold 70,000 shares of the firm's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $70.08, for a total value of $4,905,600.00. Following the completion of the transaction, the insider directly owned 182,897 shares in the company, valued at $12,817,421.76. This trade represents a 27.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.36% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on QSR shares. UBS Group dropped their price objective on Restaurant Brands International from $90.00 to $85.00 and set a "buy" rating for the company in a report on Monday, May 5th. Melius began coverage on Restaurant Brands International in a report on Monday, July 14th. They issued a "buy" rating and a $90.00 target price for the company. Wells Fargo & Company decreased their price objective on Restaurant Brands International from $69.00 to $66.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Scotiabank upgraded Restaurant Brands International to a "hold" rating and set a $75.00 price objective for the company in a research note on Wednesday, June 18th. Finally, Guggenheim upped their price objective on Restaurant Brands International from $71.00 to $77.00 and gave the stock a "buy" rating in a research note on Friday, April 4th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, Restaurant Brands International currently has a consensus rating of "Hold" and an average price target of $76.09.

Restaurant Brands International Stock Performance

Shares of NYSE:QSR traded up $0.36 during trading on Friday, hitting $68.22. The stock had a trading volume of 616,127 shares, compared to its average volume of 2,469,747. Restaurant Brands International Inc. has a 12-month low of $58.71 and a 12-month high of $74.09. The stock has a market capitalization of $22.36 billion, a price-to-earnings ratio of 23.13, a price-to-earnings-growth ratio of 2.14 and a beta of 0.58. The company has a quick ratio of 0.90, a current ratio of 0.96 and a debt-to-equity ratio of 2.84. The stock has a 50-day simple moving average of $68.59 and a two-hundred day simple moving average of $66.16.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last announced its quarterly earnings data 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). Restaurant Brands International had a return on equity of 28.94% and a net margin of 10.82%. The firm had revenue of $2.03 billion during the quarter, compared to analysts' expectations of $2.17 billion. During the same quarter in the previous year, the business earned $0.73 earnings per share. The company's revenue for the quarter was up 21.3% compared to the same quarter last year. On average, equities research analysts expect that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 8th. Stockholders of record on Tuesday, June 24th were paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Tuesday, June 24th. Restaurant Brands International's dividend payout ratio (DPR) is presently 84.07%.

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.