Restaurant Brands International Inc. $QSR Shares Purchased by Boston Partners

Boston Partners boosted its holdings in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 8.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,542 shares of the restaurant operator’s stock after acquiring an additional 1,670 shares during the quarter. Boston Partners’ holdings in Restaurant Brands International were worth $1,428,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Aviso Financial Inc. raised its holdings in shares of Restaurant Brands International by 0.6% in the 2nd quarter. Aviso Financial Inc. now owns 958,434 shares of the restaurant operator’s stock worth $63,565,000 after purchasing an additional 5,248 shares in the last quarter. Picton Mahoney Asset Management acquired a new position in Restaurant Brands International in the second quarter worth approximately $19,126,000. Prudential Financial Inc. bought a new position in shares of Restaurant Brands International in the second quarter valued at $1,090,000. Coldstream Capital Management Inc. increased its holdings in shares of Restaurant Brands International by 109.3% in the second quarter. Coldstream Capital Management Inc. now owns 3,039 shares of the restaurant operator’s stock valued at $201,000 after buying an additional 1,587 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Restaurant Brands International by 37.7% during the 2nd quarter. American Century Companies Inc. now owns 75,670 shares of the restaurant operator’s stock valued at $5,019,000 after acquiring an additional 20,706 shares during the last quarter. Institutional investors own 82.29% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on QSR. Royal Bank Of Canada decreased 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. Citigroup lifted their price target on Restaurant Brands International from $72.00 to $74.00 and gave the stock a “neutral” rating in a research note on Thursday, October 16th. Northcoast Research lowered shares of Restaurant Brands International from a “buy” rating to a “neutral” rating in a research note on Friday, September 12th. Scotiabank raised their target price on shares of Restaurant Brands International from $73.00 to $74.00 and gave the stock a “sector perform” rating in a report on Friday, October 31st. Finally, Morgan Stanley set a $77.00 price target on shares of Restaurant Brands International in a report on Tuesday, October 21st. Nine investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Restaurant Brands International has a consensus rating of “Hold” and an average price target of $74.76.

Insider Transactions at Restaurant Brands International

In other Restaurant Brands International news, Chairman J Patrick Doyle sold 43,597 shares of Restaurant Brands International stock in a transaction on Friday, November 21st. The shares were sold at an average price of $69.80, for a total transaction of $3,043,070.60. Following the completion of the sale, the chairman owned 193,855 shares of the company’s stock, valued at $13,531,079. This trade represents a 18.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.25% of the stock is currently owned by insiders.

Restaurant Brands International Trading Up 0.9%

Shares of NYSE QSR opened at $72.89 on Monday. Restaurant Brands International Inc. has a one year low of $58.71 and a one year high of $73.13. The firm has a market capitalization of $23.89 billion, a PE ratio of 25.94, a PEG ratio of 2.88 and a beta of 0.60. The company has a current ratio of 1.06, a quick ratio of 0.98 and a debt-to-equity ratio of 2.65. The business has a 50-day moving average price of $67.69 and a two-hundred day moving average price of $67.23.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Thursday, October 30th. The restaurant operator reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.03. The company had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.39 billion. Restaurant Brands International had a return on equity of 32.43% and a net margin of 9.95%.The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.93 EPS. As a group, analysts predict that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

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

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.