Russell Investments Group Ltd. Grows Stock Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Russell Investments Group Ltd. increased its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 6.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 117,574 shares of the restaurant operator’s stock after purchasing an additional 7,431 shares during the quarter. Russell Investments Group Ltd.’s holdings in Restaurant Brands International were worth $9,229,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Aviva PLC boosted its holdings in shares of Restaurant Brands International by 1.3% in the third quarter. Aviva PLC now owns 11,726 shares of the restaurant operator’s stock worth $784,000 after buying an additional 149 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Restaurant Brands International by 2.7% in the third quarter. PNC Financial Services Group Inc. now owns 6,348 shares of the restaurant operator’s stock worth $423,000 after buying an additional 168 shares in the last quarter. Rise Advisors LLC lifted its position in shares of Restaurant Brands International by 88.3% during the 4th quarter. Rise Advisors LLC now owns 371 shares of the restaurant operator’s stock valued at $29,000 after buying an additional 174 shares in the last quarter. Sigma Planning Corp increased its holdings in Restaurant Brands International by 2.4% in the 3rd quarter. Sigma Planning Corp now owns 7,800 shares of the restaurant operator’s stock worth $520,000 after acquiring an additional 184 shares in the last quarter. Finally, Waldron Private Wealth LLC raised its stake in Restaurant Brands International by 4.5% during the 4th quarter. Waldron Private Wealth LLC now owns 4,647 shares of the restaurant operator’s stock worth $365,000 after acquiring an additional 199 shares during the period. Institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Stock Down 0.7 %

NYSE:QSR opened at $75.33 on Tuesday. The company’s 50-day simple moving average is $76.54 and its 200-day simple moving average is $74.80. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.00 and a current ratio of 1.08. Restaurant Brands International Inc. has a fifty-two week low of $61.77 and a fifty-two week high of $83.29. The stock has a market capitalization of $23.83 billion, a P/E ratio of 19.41, a P/E/G ratio of 2.30 and a beta of 0.92.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Tuesday, April 30th. The restaurant operator reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.01. Restaurant Brands International had a net margin of 17.17% and a return on equity of 31.12%. The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same period last year, the firm earned $0.75 earnings per share. Restaurant Brands International’s revenue was up 9.4% compared to the same quarter last year. On average, equities analysts anticipate that Restaurant Brands International Inc. will post 3.37 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 21st will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 3.08%. The ex-dividend date is Friday, June 21st. Restaurant Brands International’s dividend payout ratio is presently 59.79%.

Insider Transactions at Restaurant Brands International

In related news, insider David Chan Shear sold 17,556 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total value of $1,338,820.56. Following the completion of the transaction, the insider now directly owns 210,535 shares of the company’s stock, valued at approximately $16,055,399.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Joshua Kobza sold 161,353 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $75.57, for a total value of $12,193,446.21. Following the completion of the transaction, the chief executive officer now owns 578,125 shares in the company, valued at approximately $43,688,906.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David Chan Shear sold 17,556 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total value of $1,338,820.56. Following the sale, the insider now owns 210,535 shares in the company, valued at approximately $16,055,399.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 380,200 shares of company stock worth $28,828,182. Insiders own 1.25% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. CIBC decreased their price target on shares of Restaurant Brands International from $88.00 to $87.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 17th. Royal Bank of Canada reduced their price objective on Restaurant Brands International from $91.00 to $90.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 14th. TD Securities boosted their target price on Restaurant Brands International from $84.00 to $88.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Stephens restated an “equal weight” rating and issued a $75.00 price target on shares of Restaurant Brands International in a research report on Tuesday, February 13th. Finally, Evercore ISI boosted their price objective on shares of Restaurant Brands International from $88.00 to $93.00 and gave the company an “outperform” rating in a research report on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, Restaurant Brands International has an average rating of “Moderate Buy” and an average price target of $83.56.

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.