Northern Trust Corp Has $20.90 Million Stock Holdings in Restaurant Brands International Inc. $QSR

Northern Trust Corp boosted its position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 17.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 313,596 shares of the restaurant operator’s stock after buying an additional 46,716 shares during the quarter. Northern Trust Corp owned approximately 0.10% of Restaurant Brands International worth $20,898,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Dunhill Financial LLC lifted its stake in shares of Restaurant Brands International by 100.0% in the 4th quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 200 shares during the period. HM Payson & Co. acquired a new position in shares of Restaurant Brands International in the 1st quarter valued at $26,000. Private Trust Co. NA lifted its stake in shares of Restaurant Brands International by 96.6% in the 1st 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 lifted its stake in shares of Restaurant Brands International by 438.6% in the 1st 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, Caitong International Asset Management Co. Ltd lifted its stake in shares of Restaurant Brands International by 84.5% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 860 shares of the restaurant operator’s stock valued at $57,000 after purchasing an additional 394 shares during the period. Institutional investors and hedge funds own 82.29% of the company’s stock.

Analyst Upgrades and Downgrades

QSR has been the topic of a number of analyst reports. Argus downgraded Restaurant Brands International from a “buy” rating to a “hold” rating in a research note on Friday, August 15th. Sanford C. Bernstein set a $78.00 price objective on Restaurant Brands International in a research note on Friday, August 8th. CIBC dropped their price objective on Restaurant Brands International from $78.00 to $77.00 and set an “outperformer” rating on the stock in a research note on Friday, May 9th. Barclays dropped their price objective on Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating on the stock in a research note on Friday, August 8th. Finally, Guggenheim raised their price objective on Restaurant Brands International from $77.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. Eleven investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $75.04.

Restaurant Brands International Price Performance

QSR stock opened at $63.37 on Tuesday. The stock has a 50-day moving average price of $66.73 and a two-hundred day moving average price of $66.58. The stock has a market cap of $20.77 billion, a PE ratio of 24.01, a price-to-earnings-growth ratio of 2.73 and a beta of 0.62. The company has a current ratio of 1.01, a quick ratio of 0.95 and a debt-to-equity ratio of 2.69. Restaurant Brands International Inc. has a 1 year low of $58.71 and a 1 year high of $74.09.

Restaurant Brands International (NYSE:QSR) (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 analysts’ consensus estimates of $0.97 by ($0.03). The firm had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.33 billion. Restaurant Brands International had a return on equity of 29.54% and a net margin of 9.43%.Restaurant Brands International’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter last year, the company posted $0.86 EPS. Equities 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, October 7th. Stockholders of record on Tuesday, September 23rd will be issued a $0.62 dividend. The ex-dividend date is Tuesday, September 23rd. This represents a $2.48 annualized dividend and a dividend yield of 3.9%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 93.94%.

Restaurant Brands International Company 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.