Restaurant Brands International Inc (NYSE:QSR) Stock Position Raised by Nuveen Asset Management LLC

Nuveen Asset Management LLC lifted its holdings in shares of Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) by 10,544.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,466,928 shares of the restaurant operator’s stock after buying an additional 3,434,357 shares during the period. Nuveen Asset Management LLC owned 1.35% of Restaurant Brands International worth $241,090,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Andra AP fonden lifted its stake in shares of Restaurant Brands International by 3.7% in the 2nd quarter. Andra AP fonden now owns 28,200 shares of the restaurant operator’s stock worth $2,568,000 after acquiring an additional 1,000 shares during the period. UBS Asset Management Americas Inc. lifted its stake in shares of Restaurant Brands International by 7.9% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 8,154 shares of the restaurant operator’s stock worth $567,000 after acquiring an additional 600 shares during the period. Alberta Investment Management Corp lifted its stake in shares of Restaurant Brands International by 36.6% in the 2nd quarter. Alberta Investment Management Corp now owns 63,800 shares of the restaurant operator’s stock worth $5,810,000 after acquiring an additional 17,100 shares during the period. Man Group plc lifted its stake in shares of Restaurant Brands International by 47.8% in the 2nd quarter. Man Group plc now owns 215,751 shares of the restaurant operator’s stock worth $15,003,000 after acquiring an additional 69,790 shares during the period. Finally, Bank of America Corp DE lifted its stake in shares of Restaurant Brands International by 1.6% in the 2nd quarter. Bank of America Corp DE now owns 606,755 shares of the restaurant operator’s stock worth $42,193,000 after acquiring an additional 9,364 shares during the period. 77.68% of the stock is owned by institutional investors and hedge funds.

Restaurant Brands International stock traded down $0.72 during trading hours on Wednesday, hitting $71.72. The company had a trading volume of 25,072 shares, compared to its average volume of 2,941,936. The firm has a market capitalization of $18.59 billion, a P/E ratio of 27.69, a price-to-earnings-growth ratio of 2.83 and a beta of 1.23. The company has a debt-to-equity ratio of 3.30, a current ratio of 1.20 and a quick ratio of 1.14. The firm’s fifty day moving average is $75.04 and its 200-day moving average is $69.65. Restaurant Brands International Inc has a fifty-two week low of $50.20 and a fifty-two week high of $79.46.



Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data on Friday, August 2nd. The restaurant operator reported $0.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.04. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.39 billion. Restaurant Brands International had a net margin of 10.57% and a return on equity of 30.53%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.66 EPS. Analysts anticipate that Restaurant Brands International Inc will post 2.7 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Tuesday, September 17th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $2.00 annualized dividend and a dividend yield of 2.79%. Restaurant Brands International’s dividend payout ratio (DPR) is 76.05%.

Several analysts recently commented on QSR shares. Evercore ISI started coverage on shares of Restaurant Brands International in a research note on Tuesday, June 11th. They set an “outperform” rating for the company. Barclays set a $86.00 target price on shares of Restaurant Brands International and gave the company a “buy” rating in a research note on Friday, August 2nd. Wells Fargo & Co increased their target price on shares of Restaurant Brands International from $70.00 to $79.00 and gave the company a “market perform” rating in a research note on Monday, July 22nd. KeyCorp increased their target price on shares of Restaurant Brands International from $72.00 to $85.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Finally, Piper Jaffray Companies reissued a “market perform” rating and set a $90.00 target price (up from $80.00) on shares of Restaurant Brands International in a research note on Thursday, September 5th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $78.74.

In other news, Director Paul J. Fribourg sold 488,024 shares of the stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $77.20, for a total transaction of $37,675,452.80. Following the transaction, the director now owns 58,005 shares in the company, valued at approximately $4,477,986. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Joshua Kobza sold 203,198 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $76.71, for a total transaction of $15,587,318.58. Following the transaction, the chief operating officer now owns 148,694 shares in the company, valued at approximately $11,406,316.74. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 840,294 shares of company stock worth $64,840,016. 4.13% of the stock is currently owned by company insiders.

Restaurant Brands International Profile

Restaurant Brands International Inc owns, operates, and franchises quick service restaurants under the Tim Hortons (TH), Burger King (BK), and Popeyes (PLK) brand names. The company operates through three segments: TH, BK, and PLK. Its restaurants offer blend coffee, tea, espresso-based hot and cold specialty drinks, donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, hamburgers, chicken and other specialty sandwiches, french fries, soft drinks, chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other food items.

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Institutional Ownership by Quarter for Restaurant Brands International (NYSE:QSR)

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