JARISLOWSKY FRASER Ltd Sells 148,118 Shares of Restaurant Brands International Inc. $QSR

JARISLOWSKY FRASER Ltd lessened its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 4.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,263,219 shares of the restaurant operator’s stock after selling 148,118 shares during the quarter. JARISLOWSKY FRASER Ltd’s holdings in Restaurant Brands International were worth $209,386,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Restaurant Brands International by 8.0% in the second quarter. Vanguard Group Inc. now owns 15,303,726 shares of the restaurant operator’s stock worth $1,015,137,000 after acquiring an additional 1,134,665 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Restaurant Brands International by 0.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,108,527 shares of the restaurant operator’s stock worth $540,352,000 after buying an additional 47,192 shares during the period. TD Asset Management Inc lifted its stake in Restaurant Brands International by 18.5% in the second quarter. TD Asset Management Inc now owns 5,486,897 shares of the restaurant operator’s stock valued at $363,243,000 after buying an additional 855,436 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Restaurant Brands International by 112.8% in the second quarter. Geode Capital Management LLC now owns 4,296,050 shares of the restaurant operator’s stock valued at $286,172,000 after buying an additional 2,277,694 shares during the period. Finally, Baupost Group LLC MA raised its holdings in shares of Restaurant Brands International by 4.2% during the second quarter. Baupost Group LLC MA now owns 4,049,562 shares of the restaurant operator’s stock worth $268,445,000 after acquiring an additional 163,000 shares during the period. 82.29% of the stock is owned by institutional investors and hedge funds.

Restaurant Brands International Stock Performance

Shares of NYSE QSR opened at $67.80 on Friday. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.98 and a current ratio of 1.06. The stock has a 50 day moving average price of $69.44 and a 200 day moving average price of $67.29. The stock has a market capitalization of $22.24 billion, a PE ratio of 24.13, a price-to-earnings-growth ratio of 2.50 and a beta of 0.59. Restaurant Brands International Inc. has a 52 week low of $58.71 and a 52 week high of $73.70.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Thursday, October 30th. The restaurant operator reported $1.03 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.03. The firm had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.39 billion. Restaurant Brands International had a return on equity of 32.43% and a net margin of 9.95%.The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.93 EPS. Analysts predict that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Tuesday, December 23rd will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Tuesday, December 23rd. Restaurant Brands International’s dividend payout ratio is 88.26%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on QSR. Oppenheimer reiterated an “outperform” rating and set a $80.00 target price on shares of Restaurant Brands International in a report on Tuesday, November 25th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Restaurant Brands International in a report on Wednesday, October 8th. Northcoast Research lowered Restaurant Brands International from a “buy” rating to a “neutral” rating in a research report on Friday, September 12th. Scotiabank upped their price target on Restaurant Brands International from $73.00 to $74.00 and gave the stock a “sector perform” rating in a research report on Friday, October 31st. Finally, Robert W. Baird raised their price target on shares of Restaurant Brands International from $68.00 to $72.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Ten research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $75.45.

Insider Buying and Selling

In other Restaurant Brands International news, Director Ali Hedayat sold 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $72.77, for a total transaction of $509,390.00. Following the transaction, the director owned 18,962 shares of the company’s stock, valued at $1,379,864.74. The trade was a 26.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sami A. Siddiqui sold 10,913 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $70.87, for a total value of $773,404.31. Following the completion of the sale, the chief financial officer owned 10,609 shares in the company, valued at $751,859.83. This represents a 50.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 131,807 shares of company stock worth $9,308,973. Corporate insiders own 1.25% of the company’s stock.

Restaurant Brands International Company 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.