Bank of New York Mellon Corp Lowers Holdings in Restaurant Brands International Inc. $QSR

Bank of New York Mellon Corp decreased its position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 3.2% in the fourth quarter, Holdings Channel reports. The firm owned 1,001,210 shares of the restaurant operator’s stock after selling 33,544 shares during the period. Bank of New York Mellon Corp’s holdings in Restaurant Brands International were worth $68,313,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Fiduciary Family Office LLC boosted its holdings in shares of Restaurant Brands International by 4.3% in the fourth quarter. Fiduciary Family Office LLC now owns 22,848 shares of the restaurant operator’s stock valued at $1,559,000 after purchasing an additional 946 shares during the period. Natixis Advisors LLC boosted its holdings in shares of Restaurant Brands International by 14.4% in the fourth quarter. Natixis Advisors LLC now owns 52,868 shares of the restaurant operator’s stock valued at $3,607,000 after purchasing an additional 6,667 shares during the period. AdvisorShares Investments LLC purchased a new stake in shares of Restaurant Brands International in the fourth quarter valued at approximately $130,000. Norges Bank purchased a new stake in shares of Restaurant Brands International in the fourth quarter valued at approximately $260,709,000. Finally, Cornerstone Select Advisors LLC purchased a new stake in shares of Restaurant Brands International in the fourth quarter valued at approximately $222,000. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Stock Performance

Shares of QSR stock opened at $72.74 on Wednesday. The business’s fifty day simple moving average is $76.60 and its 200-day simple moving average is $72.45. The company has a market cap of $25.27 billion, a PE ratio of 25.61, a PEG ratio of 1.85 and a beta of 0.49. The company has a current ratio of 0.99, a quick ratio of 0.90 and a debt-to-equity ratio of 2.55. Restaurant Brands International Inc. has a 12-month low of $61.33 and a 12-month high of $81.96.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings results on Wednesday, May 6th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.03. The business had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.24 billion. Restaurant Brands International had a return on equity of 32.80% and a net margin of 9.96%.The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.75 earnings per share. Analysts expect that Restaurant Brands International Inc. will post 4.07 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 Tuesday, July 7th. Stockholders of record on Tuesday, June 23rd will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.6%. Restaurant Brands International’s dividend payout ratio is presently 91.55%.

Insider Buying and Selling at Restaurant Brands International

In other news, insider Jill Granat sold 25,000 shares of the company’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $74.76, for a total transaction of $1,869,000.00. Following the transaction, the insider directly owned 478,845 shares of the company’s stock, valued at approximately $35,798,452.20. This represents a 4.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jacqueline Friesner sold 30,000 shares of the company’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $74.61, for a total value of $2,238,300.00. Following the completion of the transaction, the insider directly owned 165,727 shares in the company, valued at approximately $12,364,891.47. The trade was a 15.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 350,000 shares of company stock valued at $26,198,650. Corporate insiders own 1.22% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. UBS Group boosted their price target on Restaurant Brands International from $85.00 to $90.00 and gave the company a “buy” rating in a report on Monday, May 4th. BMO Capital Markets lowered their target price on Restaurant Brands International from $83.00 to $81.00 and set an “outperform” rating for the company in a report on Friday, February 13th. KeyCorp upped their target price on Restaurant Brands International from $78.00 to $90.00 and gave the stock an “overweight” rating in a report on Monday, April 20th. Morgan Stanley upped their target price on Restaurant Brands International from $77.00 to $78.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 3rd. Finally, TD Cowen upped their target price on Restaurant Brands International from $76.00 to $79.00 and gave the stock a “hold” rating in a report on Wednesday, May 6th. Seventeen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $83.54.

Restaurant Brands International Profile

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.