Restaurant Brands International Inc. $QSR Shares Sold by Rhumbline Advisers

Rhumbline Advisers cut its holdings in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 8.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,667 shares of the restaurant operator’s stock after selling 526 shares during the quarter. Rhumbline Advisers’ holdings in Restaurant Brands International were worth $378,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Restaurant Brands International by 197.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 711,953 shares of the restaurant operator’s stock worth $47,445,000 after buying an additional 472,827 shares during the period. United Services Automobile Association bought a new stake in shares of Restaurant Brands International in the 1st quarter valued at approximately $648,000. Guardian Partners Inc. grew its stake in shares of Restaurant Brands International by 41.8% in the 1st quarter. Guardian Partners Inc. now owns 6,790 shares of the restaurant operator’s stock valued at $452,000 after buying an additional 2,003 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Restaurant Brands International by 0.6% during the first quarter. Goldman Sachs Group Inc. now owns 8,108,527 shares of the restaurant operator’s stock worth $540,352,000 after purchasing an additional 47,192 shares during the period. Finally, Murchinson Ltd. bought a new stake in Restaurant Brands International during the first quarter worth approximately $9,785,000. 82.29% of the stock is currently owned by institutional investors.

Restaurant Brands International Stock Up 0.5%

NYSE:QSR opened at $64.48 on Thursday. The company has a quick ratio of 0.95, a current ratio of 1.01 and a debt-to-equity ratio of 2.69. The firm has a market capitalization of $21.14 billion, a price-to-earnings ratio of 24.42, a price-to-earnings-growth ratio of 2.76 and a beta of 0.61. Restaurant Brands International Inc. has a twelve month low of $58.71 and a twelve month high of $74.09. The stock’s 50 day moving average price is $65.37 and its two-hundred day moving average price is $66.35.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results on Thursday, August 7th. The restaurant operator reported $0.94 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.03). The business had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.33 billion. Restaurant Brands International had a return on equity of 29.54% and a net margin of 9.43%.The firm’s revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.86 earnings per share. 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 will be paid on Tuesday, October 7th. Shareholders of record on Tuesday, September 23rd will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Tuesday, September 23rd. Restaurant Brands International’s dividend payout ratio is currently 93.94%.

Analyst Ratings Changes

QSR has been the subject of a number of research analyst reports. Loop Capital reiterated a “buy” rating on shares of Restaurant Brands International in a report on Thursday, June 26th. Bank of America dropped their price objective on Restaurant Brands International from $62.00 to $60.00 and set an “underperform” rating for the company in a research note on Friday, July 18th. Northcoast Research lowered Restaurant Brands International from a “buy” rating to a “neutral” rating in a research note on Friday, September 12th. Sanford C. Bernstein set a $78.00 price target on Restaurant Brands International in a report on Friday, August 8th. Finally, Royal Bank Of Canada reduced their target price on Restaurant Brands International from $80.00 to $77.00 and set an “outperform” rating on the stock in a report on Friday, August 8th. Eleven research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Restaurant Brands International presently has a consensus rating of “Hold” and a consensus target price of $75.04.

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.