AIA Group Ltd grew its position in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 27.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 56,575 shares of the restaurant operator's stock after buying an additional 12,229 shares during the period. AIA Group Ltd's holdings in Restaurant Brands International were worth $3,688,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of QSR. Intech Investment Management LLC raised its stake in Restaurant Brands International by 4.5% in the 3rd quarter. Intech Investment Management LLC now owns 9,486 shares of the restaurant operator's stock worth $685,000 after purchasing an additional 409 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Restaurant Brands International by 4.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 707,707 shares of the restaurant operator's stock worth $51,122,000 after purchasing an additional 30,035 shares during the period. Cerity Partners LLC raised its position in shares of Restaurant Brands International by 28.7% in the third quarter. Cerity Partners LLC now owns 13,767 shares of the restaurant operator's stock valued at $993,000 after buying an additional 3,067 shares in the last quarter. D.A. Davidson & CO. boosted its stake in shares of Restaurant Brands International by 2.2% in the third quarter. D.A. Davidson & CO. now owns 8,412 shares of the restaurant operator's stock valued at $607,000 after buying an additional 179 shares during the period. Finally, BNP Paribas Financial Markets grew its position in Restaurant Brands International by 17.8% during the third quarter. BNP Paribas Financial Markets now owns 1,754 shares of the restaurant operator's stock worth $126,000 after buying an additional 265 shares in the last quarter. Institutional investors and hedge funds own 82.29% of the company's stock.
Analyst Upgrades and Downgrades
QSR has been the subject of several analyst reports. CIBC dropped their price objective on Restaurant Brands International from $86.00 to $78.00 and set an "outperform" rating for the company in a report on Thursday, February 13th. Loop Capital reiterated a "buy" rating on shares of Restaurant Brands International in a research note on Tuesday, March 18th. Citigroup boosted their target price on shares of Restaurant Brands International from $65.00 to $67.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. TD Cowen downgraded shares of Restaurant Brands International from a "buy" rating to a "hold" rating and set a $70.00 price target for the company. in a report on Friday, February 14th. Finally, Wells Fargo & Company lowered their price target on Restaurant Brands International from $72.00 to $69.00 and set an "equal weight" rating for the company in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $77.08.
Check Out Our Latest Analysis on Restaurant Brands International
Insider Transactions at Restaurant Brands International
In other Restaurant Brands International news, CFO Sami A. Siddiqui sold 12,500 shares of the company's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $68.12, for a total value of $851,500.00. Following the completion of the sale, the chief financial officer now directly owns 235,228 shares of the company's stock, valued at approximately $16,023,731.36. This represents a 5.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Duncan Fulton sold 15,974 shares of the business's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $62.48, for a total value of $998,055.52. Following the completion of the transaction, the insider now owns 45,248 shares in the company, valued at $2,827,095.04. The trade was a 26.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 300,226 shares of company stock worth $19,121,223 in the last quarter. 1.36% of the stock is currently owned by corporate insiders.
Restaurant Brands International Stock Up 0.8 %
NYSE QSR traded up $0.55 during trading hours on Tuesday, hitting $67.19. The company's stock had a trading volume of 985,309 shares, compared to its average volume of 1,777,142. The company has a market capitalization of $21.99 billion, a PE ratio of 21.13, a price-to-earnings-growth ratio of 1.77 and a beta of 0.95. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75. Restaurant Brands International Inc. has a 52 week low of $59.67 and a 52 week high of $78.40. The company's 50-day simple moving average is $65.13 and its two-hundred day simple moving average is $67.18.
Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last posted its earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $1.10 by ($0.29). Restaurant Brands International had a net margin of 12.15% and a return on equity of 28.53%. Research analysts anticipate that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.
Restaurant Brands International Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 3.69%. This is an increase from Restaurant Brands International's previous quarterly dividend of $0.58. The ex-dividend date is Friday, March 21st. Restaurant Brands International's payout ratio is currently 77.99%.
Restaurant Brands International Profile
(
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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