Zurcher Kantonalbank Zurich Cantonalbank Has $9.48 Million Stake in Restaurant Brands International Inc. (NYSE:QSR)

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 5.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 145,493 shares of the restaurant operator's stock after acquiring an additional 7,704 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Restaurant Brands International were worth $9,478,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in QSR. Farther Finance Advisors LLC boosted its position in shares of Restaurant Brands International by 79.4% during the third quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator's stock worth $30,000 after buying an additional 185 shares during the period. Venturi Wealth Management LLC boosted its position in shares of Restaurant Brands International by 213.6% during the fourth quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator's stock worth $30,000 after buying an additional 314 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Restaurant Brands International during the fourth quarter worth about $32,000. IFP Advisors Inc boosted its position in shares of Restaurant Brands International by 183.9% during the fourth quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator's stock worth $41,000 after buying an additional 412 shares during the period. Finally, Plato Investment Management Ltd acquired a new position in shares of Restaurant Brands International during the third quarter worth about $61,000. 82.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

QSR has been the topic of several analyst reports. Argus lowered Restaurant Brands International from a "buy" rating to a "hold" rating in a report on Thursday, February 13th. Wells Fargo & Company dropped their target price on Restaurant Brands International from $72.00 to $69.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 8th. Jefferies Financial Group dropped their target price on Restaurant Brands International from $73.00 to $67.00 and set an "equal weight" rating on the stock in a report on Thursday, January 30th. Citigroup upped their target price on Restaurant Brands International from $65.00 to $67.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Finally, Guggenheim upgraded Restaurant Brands International from a "neutral" rating to a "buy" rating and dropped their target price for the stock from $74.00 to $71.00 in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $77.33.

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Insider Buying and Selling

In related news, insider Duncan Fulton sold 15,974 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $62.48, for a total transaction of $998,055.52. Following the sale, the insider now owns 45,248 shares of the company's stock, valued at $2,827,095.04. This represents a 26.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Joshua Kobza sold 72,720 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $64.38, for a total value of $4,681,713.60. Following the sale, the chief executive officer now directly owns 961,295 shares in the company, valued at $61,888,172.10. This represents a 7.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 287,726 shares of company stock valued at $18,269,723 over the last 90 days. 1.36% of the stock is owned by corporate insiders.

Restaurant Brands International Price Performance

Shares of NYSE QSR opened at $65.75 on Friday. The firm has a market cap of $21.37 billion, a P/E ratio of 20.68, 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 1-year low of $59.67 and a 1-year high of $82.56. The business's 50 day moving average is $63.72 and its 200-day moving average is $67.35.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last announced 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 return on equity of 28.53% and a net margin of 12.15%. Equities research analysts predict that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be given a dividend of $0.62 per share. The ex-dividend date is Friday, March 21st. This represents a $2.48 dividend on an annualized basis and a yield of 3.77%. This is an increase from Restaurant Brands International's previous quarterly dividend of $0.58. Restaurant Brands International's dividend payout ratio is currently 77.99%.

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.

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