Franklin Resources Inc. Has $6.25 Million Stock Holdings in Restaurant Brands International Inc. $QSR

Franklin Resources Inc. boosted its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 3.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 94,141 shares of the restaurant operator’s stock after acquiring an additional 3,356 shares during the period. Franklin Resources Inc.’s holdings in Restaurant Brands International were worth $6,249,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Legend Financial Advisors Inc. acquired a new position in Restaurant Brands International in the 2nd quarter worth $33,000. CX Institutional lifted its holdings in shares of Restaurant Brands International by 928.0% in the second quarter. CX Institutional now owns 514 shares of the restaurant operator’s stock valued at $34,000 after purchasing an additional 464 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Restaurant Brands International by 91.2% during the first quarter. Smartleaf Asset Management LLC now owns 545 shares of the restaurant operator’s stock worth $35,000 after buying an additional 260 shares during the period. UMB Bank n.a. grew its stake in shares of Restaurant Brands International by 49.3% during the 2nd quarter. UMB Bank n.a. now owns 606 shares of the restaurant operator’s stock worth $40,000 after acquiring an additional 200 shares in the last quarter. Finally, SVB Wealth LLC bought a new position in Restaurant Brands International in the first quarter valued at $56,000. Institutional investors and hedge funds own 82.29% of the company’s stock.

Restaurant Brands International Stock Up 0.9%

QSR opened at $72.89 on Monday. The stock has a fifty day moving average of $67.69 and a 200-day moving average of $67.23. The company has a market capitalization of $23.89 billion, a P/E ratio of 25.94, a P/E/G ratio of 2.88 and a beta of 0.60. Restaurant Brands International Inc. has a fifty-two week low of $58.71 and a fifty-two week high of $73.13. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.98 and a current ratio of 1.06.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings results on Thursday, October 30th. The restaurant operator reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.03. The business had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.39 billion. Restaurant Brands International had a net margin of 9.95% and a return on equity of 32.43%. Restaurant Brands International’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period last year, the firm earned $0.93 earnings per share. On average, equities analysts expect that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Tuesday, December 23rd will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Tuesday, December 23rd. Restaurant Brands International’s payout ratio is 88.26%.

Insider Transactions at Restaurant Brands International

In related news, Chairman J Patrick Doyle sold 43,597 shares of the stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $69.80, for a total transaction of $3,043,070.60. Following the sale, the chairman owned 193,855 shares of the company’s stock, valued at $13,531,079. This represents a 18.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.25% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on QSR shares. Royal Bank Of Canada decreased their price target on Restaurant Brands International from $80.00 to $77.00 and set an “outperform” rating for the company in a research note on Friday, August 8th. Guggenheim increased their price target on shares of Restaurant Brands International from $77.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, August 13th. Oppenheimer reiterated an “outperform” rating and set a $80.00 target price on shares of Restaurant Brands International in a research note on Tuesday, November 25th. Scotiabank increased their price target on Restaurant Brands International from $73.00 to $74.00 and gave the company a “sector perform” rating in a research note on Friday, October 31st. Finally, Robert W. Baird raised their price target on Restaurant Brands International from $68.00 to $72.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Nine equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Restaurant Brands International currently has an average rating of “Hold” and a consensus target price of $74.76.

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.