JARISLOWSKY FRASER Ltd Lowers Position in Restaurant Brands International Inc. (NYSE:QSR)

JARISLOWSKY FRASER Ltd trimmed its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 3.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 6,330,904 shares of the restaurant operator’s stock after selling 238,122 shares during the period. Restaurant Brands International comprises 2.4% of JARISLOWSKY FRASER Ltd’s holdings, making the stock its 15th biggest position. JARISLOWSKY FRASER Ltd’s holdings in Restaurant Brands International were worth $410,936,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of QSR. Norges Bank bought a new position in shares of Restaurant Brands International during the 4th quarter valued at about $264,813,000. Meritage Group LP lifted its position in shares of Restaurant Brands International by 5,795.9% in the fourth quarter. Meritage Group LP now owns 3,301,689 shares of the restaurant operator’s stock worth $215,204,000 after buying an additional 3,245,689 shares in the last quarter. Baupost Group LLC MA boosted its stake in Restaurant Brands International by 10,155.5% during the fourth quarter. Baupost Group LLC MA now owns 2,901,700 shares of the restaurant operator’s stock valued at $189,133,000 after buying an additional 2,873,406 shares during the last quarter. EdgePoint Investment Group Inc. grew its holdings in Restaurant Brands International by 26.6% during the 4th quarter. EdgePoint Investment Group Inc. now owns 12,819,570 shares of the restaurant operator’s stock valued at $834,478,000 after buying an additional 2,695,071 shares in the last quarter. Finally, Capital World Investors increased its stake in Restaurant Brands International by 2.0% in the 4th quarter. Capital World Investors now owns 43,418,188 shares of the restaurant operator’s stock worth $2,829,974,000 after acquiring an additional 841,167 shares during the last quarter. 82.29% of the stock is currently owned by institutional investors.

Restaurant Brands International Trading Down 0.5 %

Shares of NYSE QSR opened at $67.19 on Friday. Restaurant Brands International Inc. has a twelve month low of $58.71 and a twelve month high of $75.07. The firm has a market cap of $22.01 billion, a PE ratio of 21.13, a price-to-earnings-growth ratio of 1.77 and a beta of 0.60. The business has a fifty day simple moving average of $65.28 and a two-hundred day simple moving average of $65.76. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data on Thursday, May 8th. The restaurant operator reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.03). Restaurant Brands International had a net margin of 12.15% and a return on equity of 28.53%. The firm had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the previous year, the firm earned $0.73 earnings per share. The business’s revenue was up 21.3% compared to the same quarter last year. Analysts expect that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Tuesday, June 24th will be given a $0.62 dividend. The ex-dividend date is Tuesday, June 24th. This represents a $2.48 annualized dividend and a dividend yield of 3.69%. Restaurant Brands International’s payout ratio is presently 77.99%.

Insider Activity at Restaurant Brands International

In related news, CEO Joshua Kobza sold 93,619 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $62.35, for a total transaction of $5,837,144.65. Following the sale, the chief executive officer now owns 848,578 shares of the company’s stock, valued at $52,908,838.30. This trade represents a 9.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Sami A. Siddiqui sold 18,477 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $62.35, for a total transaction of $1,152,040.95. Following the completion of the transaction, the chief financial officer now owns 55,761 shares of the company’s stock, valued at $3,476,698.35. This represents a 24.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 278,716 shares of company stock valued at $17,740,281 over the last ninety days. 1.36% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. CIBC lowered their target price on Restaurant Brands International from $78.00 to $77.00 and set an “outperformer” rating for the company in a research report on Friday. Loop Capital reiterated a “buy” rating on shares of Restaurant Brands International in a research report on Tuesday, March 18th. Jefferies Financial Group reduced their target price on shares of Restaurant Brands International from $73.00 to $67.00 and set an “equal weight” rating on the stock in a report on Thursday, January 30th. Robert W. Baird dropped their price target on Restaurant Brands International from $72.00 to $65.00 and set a “neutral” rating for the company in a research report on Monday, April 7th. Finally, Guggenheim upped their price objective on Restaurant Brands International from $71.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $75.65.

Restaurant Brands International Profile

Restaurant Brands International Inc operates as a quick-service restaurant company in Canada, the United States, and internationally. It operates through four segments: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), and Firehouse Subs (FHS). The company owns and franchises TH chain of donut/coffee/tea restaurants that offer blend coffee, tea, and espresso-based hot and cold specialty drinks; and fresh baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, and other food products.