US Bancorp DE cut its holdings in Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) by 29.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 24,558 shares of the restaurant operator’s stock after selling 10,179 shares during the period. US Bancorp DE’s holdings in Restaurant Brands International were worth $1,457,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in QSR. HL Financial Services LLC lifted its stake in Restaurant Brands International by 6.9% in the 2nd quarter. HL Financial Services LLC now owns 12,475 shares of the restaurant operator’s stock worth $752,000 after purchasing an additional 800 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Restaurant Brands International by 56.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,722 shares of the restaurant operator’s stock worth $225,000 after purchasing an additional 1,337 shares in the last quarter. Keybank National Association OH lifted its stake in Restaurant Brands International by 19.6% in the 2nd quarter. Keybank National Association OH now owns 12,579 shares of the restaurant operator’s stock worth $759,000 after purchasing an additional 2,064 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in Restaurant Brands International by 12.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 18,819 shares of the restaurant operator’s stock worth $1,105,000 after purchasing an additional 2,088 shares in the last quarter. Finally, Daiwa Securities Group Inc. purchased a new stake in Restaurant Brands International in the 2nd quarter worth approximately $133,000. 79.23% of the stock is owned by institutional investors.

Restaurant Brands International stock opened at $53.79 on Tuesday. The company has a debt-to-equity ratio of 2.73, a quick ratio of 1.27 and a current ratio of 1.34. The firm has a market cap of $13.93 billion, a PE ratio of 25.61, a P/E/G ratio of 1.60 and a beta of 1.36. Restaurant Brands International Inc has a fifty-two week low of $52.60 and a fifty-two week high of $66.53.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings data on Wednesday, October 24th. The restaurant operator reported $0.63 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.02). The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Restaurant Brands International had a net margin of 12.76% and a return on equity of 28.42%. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.58 EPS. As a group, equities analysts forecast that Restaurant Brands International Inc will post 2.62 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 4th. Stockholders of record on Monday, December 17th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 3.35%. The ex-dividend date of this dividend is Friday, December 14th. Restaurant Brands International’s dividend payout ratio (DPR) is currently 85.71%.

Several research firms have issued reports on QSR. Wells Fargo & Co reiterated a “market perform” rating and issued a $70.00 target price (up from $61.00) on shares of Restaurant Brands International in a research note on Wednesday, July 25th. Bank of America increased their target price on shares of Restaurant Brands International from $62.00 to $65.00 and gave the stock a “neutral” rating in a research note on Thursday, August 2nd. Scotiabank reiterated a “buy” rating and issued a $70.00 target price on shares of Restaurant Brands International in a research note on Thursday, August 2nd. ValuEngine cut shares of Restaurant Brands International from a “hold” rating to a “sell” rating in a research note on Thursday, August 23rd. Finally, Citigroup increased their target price on shares of Restaurant Brands International from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, August 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Restaurant Brands International currently has a consensus rating of “Buy” and an average price target of $69.80.

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About Restaurant Brands International

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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