Bank of Montreal Can reduced its position in Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) by 7.7% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 5,046,780 shares of the restaurant operator’s stock after selling 420,437 shares during the period. Bank of Montreal Can owned 2.01% of Restaurant Brands International worth $299,173,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in QSR. Northern Trust Corp raised its stake in Restaurant Brands International by 6.3% in the 1st quarter. Northern Trust Corp now owns 244,606 shares of the restaurant operator’s stock valued at $13,923,000 after acquiring an additional 14,440 shares during the period. BNP Paribas Arbitrage SA raised its stake in Restaurant Brands International by 2,028.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 20,536 shares of the restaurant operator’s stock valued at $1,169,000 after acquiring an additional 19,571 shares during the period. Russell Investments Group Ltd. raised its stake in Restaurant Brands International by 193.9% in the 1st quarter. Russell Investments Group Ltd. now owns 31,575 shares of the restaurant operator’s stock valued at $1,795,000 after acquiring an additional 20,831 shares during the period. Principal Financial Group Inc. raised its stake in Restaurant Brands International by 5.7% in the 1st quarter. Principal Financial Group Inc. now owns 9,720,571 shares of the restaurant operator’s stock valued at $553,295,000 after acquiring an additional 527,574 shares during the period. Finally, Commonwealth Equity Services LLC raised its stake in Restaurant Brands International by 20.7% in the 1st quarter. Commonwealth Equity Services LLC now owns 10,054 shares of the restaurant operator’s stock valued at $572,000 after acquiring an additional 1,723 shares during the period. Institutional investors and hedge funds own 79.32% of the company’s stock.
Shares of QSR stock traded up $1.53 during trading on Friday, hitting $57.78. The company had a trading volume of 116,737 shares, compared to its average volume of 1,720,839. The company has a current ratio of 1.24, a quick ratio of 1.17 and a debt-to-equity ratio of 2.84. The stock has a market cap of $14.89 billion, a price-to-earnings ratio of 27.20, a price-to-earnings-growth ratio of 1.58 and a beta of 1.40. Restaurant Brands International Inc has a 52 week low of $53.09 and a 52 week high of $68.89.
Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings data on Wednesday, August 1st. The restaurant operator reported $0.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.02. The company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Restaurant Brands International had a net margin of 13.68% and a return on equity of 28.10%. Restaurant Brands International’s revenue for the quarter was up 18.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.51 earnings per share. As a group, sell-side analysts forecast that Restaurant Brands International Inc will post 2.68 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 1st. Investors of record on Friday, September 7th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 3.12%. The ex-dividend date of this dividend was Thursday, September 6th. Restaurant Brands International’s dividend payout ratio (DPR) is 85.71%.
Several equities research analysts have recently weighed in on the company. Cowen upgraded Restaurant Brands International from a “market perform” rating to an “outperform” rating and upped their price target for the company from $64.00 to $74.00 in a research report on Tuesday, July 17th. Citigroup upped their price target on Restaurant Brands International from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, August 13th. Scotiabank reiterated a “buy” rating and set a $70.00 price target on shares of Restaurant Brands International in a research report on Thursday, August 2nd. ValuEngine upgraded Restaurant Brands International from a “sell” rating to a “hold” rating in a research report on Wednesday, July 11th. Finally, Zacks Investment Research upgraded Restaurant Brands International from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a research report on Tuesday, June 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and fifteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $71.06.
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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