Restaurant Brands International Inc. $QSR Position Boosted by Letko Brosseau & Associates Inc.

Letko Brosseau & Associates Inc. lifted its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 3.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 668,125 shares of the restaurant operator’s stock after buying an additional 24,854 shares during the quarter. Letko Brosseau & Associates Inc. owned about 0.19% of Restaurant Brands International worth $47,657,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of QSR. Allworth Financial LP boosted its stake in Restaurant Brands International by 6.4% during the second quarter. Allworth Financial LP now owns 2,260 shares of the restaurant operator’s stock worth $164,000 after acquiring an additional 136 shares in the last quarter. Syon Capital LLC grew its holdings in Restaurant Brands International by 2.4% in the second quarter. Syon Capital LLC now owns 6,137 shares of the restaurant operator’s stock worth $445,000 after purchasing an additional 146 shares during the period. Private Advisor Group LLC increased its stake in Restaurant Brands International by 4.1% in the first quarter. Private Advisor Group LLC now owns 4,354 shares of the restaurant operator’s stock valued at $322,000 after purchasing an additional 170 shares in the last quarter. 3Chopt Investment Partners LLC increased its stake in Restaurant Brands International by 5.0% in the third quarter. 3Chopt Investment Partners LLC now owns 3,726 shares of the restaurant operator’s stock valued at $267,000 after purchasing an additional 176 shares in the last quarter. Finally, Probity Advisors Inc. increased its stake in Restaurant Brands International by 3.0% in the third quarter. Probity Advisors Inc. now owns 6,658 shares of the restaurant operator’s stock valued at $473,000 after purchasing an additional 195 shares in the last quarter. Institutional investors own 82.29% of the company’s stock.

Insider Activity at Restaurant Brands International

In other news, insider Axel Schwan sold 57,574 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $81.14, for a total value of $4,671,554.36. Following the transaction, the insider owned 209,908 shares in the company, valued at $17,031,935.12. This trade represents a 21.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.22% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

QSR has been the topic of several research reports. Royal Bank Of Canada dropped their price objective on shares of Restaurant Brands International from $80.00 to $79.00 and set a “neutral” rating on the stock in a report on Monday, October 19th. Citigroup decreased their target price on Restaurant Brands International from $80.00 to $79.00 and set a “neutral” rating for the company in a research report on Tuesday, October 20th. Robert W. Baird upped their price target on Restaurant Brands International from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Monday, August 24th. Scotiabank cut their price target on Restaurant Brands International from $83.00 to $81.00 and set a “sector perform” rating on the stock in a report on Friday, August 7th. Finally, Scotia cut their price target on Restaurant Brands International from $83.00 to $81.00 and set a “sector perform” rating on the stock in a report on Friday, August 7th. Sixteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $83.92.

Restaurant Brands International Trading Down 1.5%

NYSE:QSR opened at $75.52 on Friday. The company has a debt-to-equity ratio of 2.43, a current ratio of 0.96 and a quick ratio of 0.86. The firm has a 50-day moving average of $74.14 and a 200-day moving average of $74.30. The company has a market cap of $26.33 billion, a PE ratio of 19.21, a PEG ratio of 2.26 and a beta of 0.57. Restaurant Brands International Inc. has a one year low of $65.43 and a one year high of $81.96.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results on Thursday, October 29th. The restaurant operator reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.02. The company had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.55 billion. Restaurant Brands International had a net margin of 15.35% and a return on equity of 33.50%. The firm’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.03 EPS. As a group, equities research analysts expect that Restaurant Brands International Inc. will post 4.05 EPS for the current fiscal year.

Restaurant Brands International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 5th. Stockholders of record on Tuesday, December 22nd will be paid a $0.65 dividend. The ex-dividend date of this dividend is Tuesday, December 22nd. This represents a $2.60 annualized dividend and a dividend yield of 3.4%. Restaurant Brands International’s dividend payout ratio is 60.47%.

About Restaurant Brands International

Restaurant Brands International Inc. is a global quick-service restaurant company that owns and operates the Burger King, Tim Hortons, Popeyes and Firehouse Subs brands. Its restaurants serve a range of products, including burgers, coffee and baked goods, fried chicken, and sandwiches. The company primarily grows its brands through a network of franchised restaurants, alongside some company-operated locations. Its brands serve customers in numerous countries and territories around the world. Restaurant Brands International was formed in 2014 through the combination of Burger King and Tim Hortons.