Zurcher Kantonalbank Zurich Cantonalbank Purchases 6,856 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Key Points

• Zurcher Kantonalbank increased its holdings in Restaurant Brands International Inc. by 4.7%, now owning 152,349 shares valued at approximately $10.15 million.
• Significant increases in ownership by other investors include a 5,795.9% rise by Meritage Group LP and a 10,155.5% increase by Baupost Group LLC, highlighting strong institutional interest.
• Despite a missed earnings estimate in its most recent quarter, reporting $0.75 EPS against a $0.78 consensus, the company saw a 21.3% year-over-year revenue growth.

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 4.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 152,349 shares of the restaurant operator's stock after purchasing an additional 6,856 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Restaurant Brands International were worth $10,154,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Dunhill Financial LLC raised its stake in Restaurant Brands International by 100.0% during the fourth quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator's stock worth $26,000 after acquiring an additional 200 shares during the period. HM Payson & Co. acquired a new stake in shares of Restaurant Brands International in the first quarter valued at approximately $26,000. Private Trust Co. NA increased its stake in shares of Restaurant Brands International by 96.6% in 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. Larson Financial Group LLC increased its stake in shares of Restaurant Brands International by 438.6% in the first quarter. Larson Financial Group LLC now owns 781 shares of the restaurant operator's stock valued at $52,000 after purchasing an additional 636 shares during the period. Finally, Bessemer Group Inc. increased its stake in shares of Restaurant Brands International by 113.6% in the first quarter. Bessemer Group Inc. now owns 895 shares of the restaurant operator's stock valued at $60,000 after purchasing an additional 476 shares during the period. Institutional investors and hedge funds own 82.29% of the company's stock.

Restaurant Brands International Stock Up 0.3%

Shares of Restaurant Brands International stock traded up $0.23 during midday trading on Friday, reaching $68.09. 1,607,764 shares of the company's stock traded hands, compared to its average volume of 1,789,943. The company has a market cap of $22.32 billion, a price-to-earnings ratio of 23.08, a price-to-earnings-growth ratio of 2.11 and a beta of 0.58. The company's 50 day simple moving average is $68.55 and its 200 day simple moving average is $66.21. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.90 and a current ratio of 0.96. Restaurant Brands International Inc. has a 52 week low of $58.71 and a 52 week high of $74.09.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last posted its earnings results on Thursday, May 8th. The restaurant operator reported $0.75 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.78 by ($0.03). The firm had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2.17 billion. Restaurant Brands International had a net margin of 10.82% and a return on equity of 28.94%. The business's quarterly revenue was up 21.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.73 earnings per share. Equities 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 declared a quarterly dividend, which was paid on Tuesday, July 8th. Investors of record on Tuesday, June 24th were issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Tuesday, June 24th. Restaurant Brands International's dividend payout ratio (DPR) is currently 84.07%.

Analyst Ratings Changes

Several brokerages have commented on QSR. Scotiabank upgraded shares of Restaurant Brands International to a "hold" rating and set a $75.00 price target on the stock in a research note on Wednesday, June 18th. Citigroup raised their price target on shares of Restaurant Brands International from $75.00 to $76.00 and gave the company a "neutral" rating in a research note on Monday. Melius initiated coverage on shares of Restaurant Brands International in a research note on Monday, July 14th. They issued a "buy" rating and a $90.00 price target on the stock. Loop Capital reiterated a "buy" rating on shares of Restaurant Brands International in a report on Thursday, June 26th. Finally, Oppenheimer increased their price objective on shares of Restaurant Brands International from $77.00 to $80.00 and gave the company an "outperform" rating in a report on Tuesday, May 27th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have given 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 $76.09.

Insider Transactions at Restaurant Brands International

In related news, insider Jacqueline Friesner sold 70,000 shares of Restaurant Brands International stock in a transaction dated 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 completion of the transaction, the insider directly owned 182,897 shares of the company's stock, valued at $12,817,421.76. This trade represents a 27.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.36% of the stock is owned by corporate insiders.

About Restaurant Brands International

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.