Allianz Asset Management GmbH Has $7.08 Million Stock Position in Restaurant Brands International Inc. (NYSE:QSR)

Allianz Asset Management GmbH lifted its holdings in shares of Restaurant Brands International Inc. (NYSE:QSRFree Report) (TSE:QSR) by 13.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 90,654 shares of the restaurant operator’s stock after purchasing an additional 10,585 shares during the period. Allianz Asset Management GmbH’s holdings in Restaurant Brands International were worth $7,083,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Norges Bank bought a new stake in shares of Restaurant Brands International in the 4th quarter valued at about $243,551,000. National Bank of Canada FI boosted its position in shares of Restaurant Brands International by 46.7% during the 4th quarter. National Bank of Canada FI now owns 2,253,620 shares of the restaurant operator’s stock valued at $173,167,000 after purchasing an additional 717,801 shares in the last quarter. TD Asset Management Inc boosted its position in shares of Restaurant Brands International by 22.8% during the 4th quarter. TD Asset Management Inc now owns 3,438,433 shares of the restaurant operator’s stock valued at $269,914,000 after purchasing an additional 638,501 shares in the last quarter. Mackenzie Financial Corp increased its holdings in Restaurant Brands International by 9.2% in the fourth quarter. Mackenzie Financial Corp now owns 4,236,811 shares of the restaurant operator’s stock worth $331,197,000 after purchasing an additional 357,394 shares in the last quarter. Finally, Fiera Capital Corp lifted its stake in Restaurant Brands International by 7.6% in the third quarter. Fiera Capital Corp now owns 2,952,458 shares of the restaurant operator’s stock valued at $197,157,000 after buying an additional 207,609 shares during the period. Institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Trading Down 0.1 %

Shares of QSR opened at $69.98 on Wednesday. The firm has a market cap of $22.14 billion, a P/E ratio of 18.04, a price-to-earnings-growth ratio of 2.11 and a beta of 0.92. Restaurant Brands International Inc. has a fifty-two week low of $61.77 and a fifty-two week high of $83.29. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.00 and a current ratio of 1.08. The business has a 50-day moving average of $72.54 and a 200 day moving average of $75.11.

Restaurant Brands International (NYSE:QSRGet Free Report) (TSE:QSR) last posted its quarterly earnings results on Tuesday, April 30th. The restaurant operator reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.01. Restaurant Brands International had a net margin of 17.17% and a return on equity of 31.12%. The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same quarter in the previous year, the firm posted $0.75 earnings per share. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. As a group, research analysts forecast that Restaurant Brands International Inc. will post 3.34 EPS for the current year.

Restaurant Brands International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 21st will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, June 21st. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.32%. Restaurant Brands International’s payout ratio is 59.79%.

Analyst Upgrades and Downgrades

QSR has been the subject of several research analyst reports. Evercore lifted their price objective on shares of Restaurant Brands International from $88.00 to $93.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. Genuity Capital Markets decreased their price target on shares of Restaurant Brands International from $74.00 to $73.00 and set a “neutral” rating for the company in a research note on Thursday, May 30th. Loop Capital increased their price objective on shares of Restaurant Brands International from $86.00 to $93.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Citigroup boosted their target price on Restaurant Brands International from $78.00 to $79.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Finally, BMO Capital Markets raised their price objective on Restaurant Brands International from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $83.18.

View Our Latest Analysis on Restaurant Brands International

Insider Buying and Selling

In other Restaurant Brands International news, Director Ali Hedayat sold 8,537 shares of Restaurant Brands International stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $74.75, for a total transaction of $638,140.75. Following the completion of the transaction, the director now owns 22,881 shares of the company’s stock, valued at approximately $1,710,354.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Restaurant Brands International news, Director Ali Hedayat sold 8,537 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $74.75, for a total value of $638,140.75. Following the completion of the transaction, the director now directly owns 22,881 shares of the company’s stock, valued at approximately $1,710,354.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Joshua Kobza sold 246,196 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $75.17, for a total value of $18,506,553.32. Following the completion of the sale, the chief executive officer now owns 595,764 shares in the company, valued at approximately $44,783,579.88. The disclosure for this sale can be found here. 1.36% of the stock is currently owned by insiders.

About Restaurant Brands International

(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)

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