Cullen Frost Bankers Inc. Acquires 17,652 Shares of Restaurant Brands International Inc. $QSR

Cullen Frost Bankers Inc. grew its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 12.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 159,816 shares of the restaurant operator’s stock after purchasing an additional 17,652 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Restaurant Brands International were worth $10,904,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in QSR. Baupost Group LLC MA grew its stake in shares of Restaurant Brands International by 103.8% during the third quarter. Baupost Group LLC MA now owns 8,252,862 shares of the restaurant operator’s stock worth $529,337,000 after purchasing an additional 4,203,300 shares during the period. State Street Corp lifted its stake in Restaurant Brands International by 9,477.4% in the second quarter. State Street Corp now owns 2,997,344 shares of the restaurant operator’s stock valued at $198,711,000 after buying an additional 2,966,048 shares during the period. EdgePoint Investment Group Inc. grew its position in shares of Restaurant Brands International by 15.4% during the 3rd quarter. EdgePoint Investment Group Inc. now owns 14,903,208 shares of the restaurant operator’s stock worth $955,855,000 after buying an additional 1,983,354 shares during the period. Canada Pension Plan Investment Board grew its position in shares of Restaurant Brands International by 56.4% during the 2nd quarter. Canada Pension Plan Investment Board now owns 2,855,081 shares of the restaurant operator’s stock worth $189,510,000 after buying an additional 1,029,500 shares during the period. Finally, Bank of America Corp DE increased its stake in shares of Restaurant Brands International by 62.2% in the 2nd quarter. Bank of America Corp DE now owns 2,339,967 shares of the restaurant operator’s stock valued at $155,116,000 after acquiring an additional 897,742 shares during the last quarter. 82.29% of the stock is currently owned by institutional investors.

Restaurant Brands International Stock Performance

Shares of QSR stock opened at $76.51 on Thursday. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.90 and a current ratio of 0.99. Restaurant Brands International Inc. has a 52 week low of $61.33 and a 52 week high of $81.96. The company’s 50 day moving average price is $76.50 and its two-hundred day moving average price is $71.87. The company has a market capitalization of $26.57 billion, a P/E ratio of 26.94, a price-to-earnings-growth ratio of 1.96 and a beta of 0.53.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings results on Wednesday, May 6th. The restaurant operator reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.03. Restaurant Brands International had a net margin of 9.96% and a return on equity of 32.80%. The company had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter in the prior year, the company earned $0.75 earnings per share. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, analysts expect that Restaurant Brands International Inc. will post 4.06 earnings per share for the current fiscal year.

Restaurant Brands International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Tuesday, June 23rd will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Tuesday, June 23rd. Restaurant Brands International’s dividend payout ratio is 91.55%.

Insider Activity

In other Restaurant Brands International news, insider Axel Schwan sold 34,939 shares of Restaurant Brands International stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $67.51, for a total value of $2,358,731.89. Following the sale, the insider owned 194,984 shares of the company’s stock, valued at $13,163,369.84. This trade represents a 15.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Sami A. Siddiqui sold 40,000 shares of the company’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $74.51, for a total value of $2,980,400.00. Following the transaction, the chief financial officer directly owned 35,766 shares of the company’s stock, valued at $2,664,924.66. This represents a 52.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 441,490 shares of company stock worth $32,375,140. 1.25% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Weiss Ratings raised shares of Restaurant Brands International from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. CL King set a $81.00 target price on shares of Restaurant Brands International in a research note on Thursday, May 7th. Wells Fargo & Company increased their target price on shares of Restaurant Brands International from $75.00 to $80.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. Guggenheim boosted their price target on shares of Restaurant Brands International from $79.00 to $80.00 and gave the company a “buy” rating in a report on Friday, February 27th. Finally, Citigroup lowered their price objective on shares of Restaurant Brands International from $88.00 to $84.00 and set a “neutral” rating for the company in a research report on Thursday, May 7th. Sixteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Restaurant Brands International presently has a consensus rating of “Moderate Buy” and an average target price of $83.33.

About Restaurant Brands International

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.