Nuveen Asset Management LLC Has $3.37 Million Position in Restaurant Brands International Inc (NYSE:QSR)

Nuveen Asset Management LLC cut its position in shares of Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) by 79.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 84,188 shares of the restaurant operator’s stock after selling 334,764 shares during the period. Nuveen Asset Management LLC’s holdings in Restaurant Brands International were worth $3,370,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in QSR. Capital World Investors increased its stake in shares of Restaurant Brands International by 25.0% during the 4th quarter. Capital World Investors now owns 15,822,100 shares of the restaurant operator’s stock worth $1,008,909,000 after purchasing an additional 3,160,860 shares during the last quarter. Norges Bank acquired a new position in shares of Restaurant Brands International during the 4th quarter worth about $156,659,000. EdgePoint Investment Group Inc. increased its stake in shares of Restaurant Brands International by 94.1% during the 1st quarter. EdgePoint Investment Group Inc. now owns 3,128,471 shares of the restaurant operator’s stock worth $126,536,000 after purchasing an additional 1,517,090 shares during the last quarter. AGF Investments Inc. increased its stake in shares of Restaurant Brands International by 149.8% during the 1st quarter. AGF Investments Inc. now owns 1,177,207 shares of the restaurant operator’s stock worth $47,438,000 after purchasing an additional 705,960 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Restaurant Brands International during the 1st quarter worth about $26,461,000. Institutional investors own 77.71% of the company’s stock.

Shares of NYSE:QSR opened at $55.25 on Wednesday. The firm has a 50 day moving average of $54.83 and a 200-day moving average of $54.99. The stock has a market capitalization of $16.54 billion, a PE ratio of 23.81, a PEG ratio of 2.94 and a beta of 1.38. The company has a current ratio of 2.08, a quick ratio of 2.02 and a debt-to-equity ratio of 3.49. Restaurant Brands International Inc has a 12 month low of $25.08 and a 12 month high of $79.46.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Friday, May 1st. The restaurant operator reported $0.48 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.02). The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.22 billion. Restaurant Brands International had a net margin of 11.72% and a return on equity of 31.08%. Restaurant Brands International’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.55 earnings per share. On average, research analysts predict that Restaurant Brands International Inc will post 1.96 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Wednesday, June 17th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date was Tuesday, June 16th. Restaurant Brands International’s dividend payout ratio is 76.47%.

In other Restaurant Brands International news, insider Felipe A. Athayde sold 43,476 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $49.41, for a total value of $2,148,149.16. Following the completion of the transaction, the insider now directly owns 14,429 shares in the company, valued at approximately $712,936.89. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 3.69% of the stock is owned by corporate insiders.

QSR has been the topic of several recent analyst reports. Deutsche Bank boosted their price objective on shares of Restaurant Brands International from $55.00 to $57.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Credit Suisse Group reaffirmed a “buy” rating and set a $59.00 target price on shares of Restaurant Brands International in a report on Tuesday, May 19th. Zacks Investment Research raised shares of Restaurant Brands International from a “sell” rating to a “hold” rating and set a $57.00 target price for the company in a report on Wednesday, May 27th. Barclays reduced their target price on shares of Restaurant Brands International from $80.00 to $65.00 and set an “overweight” rating for the company in a report on Monday, May 4th. Finally, BMO Capital Markets reduced their target price on shares of Restaurant Brands International from $80.00 to $58.00 and set an “outperform” rating for the company in a report on Friday, April 3rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $63.59.

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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