Northern Trust Corp Purchases 107,997 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Northern Trust Corp raised its position in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 68.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 266,880 shares of the restaurant operator's stock after purchasing an additional 107,997 shares during the period. Northern Trust Corp owned 0.08% of Restaurant Brands International worth $17,395,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of QSR. Capital World Investors boosted its holdings in shares of Restaurant Brands International by 2.0% in the fourth quarter. Capital World Investors now owns 43,418,188 shares of the restaurant operator's stock worth $2,829,974,000 after acquiring an additional 841,167 shares during the period. Vanguard Group Inc. boosted its holdings in shares of 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 during the period. Norges Bank bought a new position in shares of Restaurant Brands International in the fourth quarter worth $264,813,000. Meritage Group LP boosted its holdings in shares of Restaurant Brands International by 5,795.9% in the fourth quarter. Meritage Group LP now owns 3,301,689 shares of the restaurant operator's stock worth $215,204,000 after acquiring an additional 3,245,689 shares during the period. Finally, Canada Pension Plan Investment Board boosted its holdings in shares of Restaurant Brands International by 29.5% in the fourth quarter. Canada Pension Plan Investment Board now owns 2,981,357 shares of the restaurant operator's stock worth $194,069,000 after acquiring an additional 679,000 shares during the period. 82.29% of the stock is owned by institutional investors.

Restaurant Brands International Trading Up 0.0%

NYSE QSR opened at $67.86 on Thursday. The company has a market capitalization of $22.23 billion, a price-to-earnings ratio of 21.34, a PEG ratio of 1.77 and a beta of 0.60. The stock's 50-day simple moving average is $65.29 and its two-hundred day simple moving average is $65.73. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75. Restaurant Brands International Inc. has a twelve month low of $58.71 and a twelve month high of $75.07.

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

Restaurant Brands International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Tuesday, June 24th will be issued a $0.62 dividend. The ex-dividend date of this dividend is Tuesday, June 24th. This represents a $2.48 annualized dividend and a dividend yield of 3.65%. Restaurant Brands International's dividend payout ratio is currently 84.07%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on QSR shares. Morgan Stanley raised their price target on Restaurant Brands International from $72.00 to $73.00 and gave the stock an "equal weight" rating in a report on Friday, May 9th. Guggenheim increased their price objective on Restaurant Brands International from $71.00 to $77.00 and gave the stock a "buy" rating in a research report on Friday, April 4th. CIBC lowered their price objective on Restaurant Brands International from $78.00 to $77.00 and set an "outperformer" rating on the stock in a research report on Friday, May 9th. Wells Fargo & Company lowered their price objective on Restaurant Brands International from $69.00 to $66.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Finally, Robert W. Baird lowered their price objective on Restaurant Brands International from $72.00 to $65.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. One equities 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. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $75.65.

Insider Transactions at Restaurant Brands International

In other news, CEO Joshua Kobza sold 93,619 shares of Restaurant Brands International stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $62.35, for a total value of $5,837,144.65. Following the transaction, the chief executive officer now owns 848,578 shares in the company, valued at approximately $52,908,838.30. The trade was a 9.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Duncan Fulton sold 15,974 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $62.48, for a total value of $998,055.52. Following the completion of the sale, the insider now directly owns 45,248 shares in the company, valued at $2,827,095.04. The trade was a 26.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 278,716 shares of company stock worth $17,740,281. Company insiders own 1.36% of the company's stock.

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.

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