Restaurant Brands International Inc. $QSR Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 0.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,522,523 shares of the restaurant operator’s stock after selling 8,242 shares during the period. JPMorgan Chase & Co.’s holdings in Restaurant Brands International were worth $97,659,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of QSR. Intact Investment Management Inc. increased its stake in Restaurant Brands International by 10.6% during the 3rd quarter. Intact Investment Management Inc. now owns 759,391 shares of the restaurant operator’s stock worth $48,722,000 after buying an additional 72,800 shares during the period. Machina Capital S.A.S. acquired a new position in shares of Restaurant Brands International in the third quarter worth $1,214,000. New York State Common Retirement Fund increased its position in shares of Restaurant Brands International by 51.4% during the third quarter. New York State Common Retirement Fund now owns 196,100 shares of the restaurant operator’s stock worth $12,578,000 after acquiring an additional 66,600 shares during the period. Prudential Financial Inc. purchased a new stake in shares of Restaurant Brands International during the second quarter worth $1,090,000. Finally, Cidel Asset Management Inc. raised its stake in shares of Restaurant Brands International by 2.8% in the third quarter. Cidel Asset Management Inc. now owns 688,129 shares of the restaurant operator’s stock valued at $44,154,000 after acquiring an additional 18,446 shares in the last quarter. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Citigroup reduced their price target on Restaurant Brands International from $74.00 to $72.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 3rd. Oppenheimer restated an “outperform” rating and set a $80.00 target price on shares of Restaurant Brands International in a research note on Tuesday, November 25th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Restaurant Brands International in a research note on Thursday, January 22nd. TD Cowen dropped their price objective on shares of Restaurant Brands International from $74.00 to $72.00 and set a “hold” rating on the stock in a research report on Thursday, February 12th. Finally, Royal Bank Of Canada reduced their price objective on shares of Restaurant Brands International from $82.00 to $80.00 and set an “outperform” rating on the stock in a report on Friday, February 13th. Twelve equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $76.62.

Insider Buying and Selling at Restaurant Brands International

In related news, CEO Joshua Kobza sold 3,443 shares of Restaurant Brands International stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $67.44, for a total transaction of $232,195.92. Following the completion of the transaction, the chief executive officer directly owned 952,620 shares of the company’s stock, valued at approximately $64,244,692.80. The trade was a 0.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Jacqueline Friesner sold 816 shares of Restaurant Brands International stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $67.44, for a total value of $55,031.04. Following the transaction, the insider directly owned 187,069 shares of the company’s stock, valued at $12,615,933.36. This trade represents a 0.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 101,911 shares of company stock worth $7,189,969. Corporate insiders own 1.25% of the company’s stock.

Restaurant Brands International Price Performance

Shares of QSR opened at $67.47 on Tuesday. Restaurant Brands International Inc. has a fifty-two week low of $58.71 and a fifty-two week high of $73.70. The company has a market capitalization of $23.38 billion, a price-to-earnings ratio of 28.59, a price-to-earnings-growth ratio of 2.10 and a beta of 0.58. The firm has a 50-day simple moving average of $68.64 and a 200-day simple moving average of $67.43. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.98 and a current ratio of 1.06.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings results on Thursday, February 12th. The restaurant operator reported $0.96 EPS for the quarter, topping the consensus estimate of $0.93 by $0.03. Restaurant Brands International had a return on equity of 32.73% and a net margin of 8.23%.The business had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.41 billion. During the same quarter in the prior year, the business earned $0.81 earnings per share. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. On average, equities research analysts anticipate that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Thursday, March 19th will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Thursday, March 19th. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.62. Restaurant Brands International’s payout ratio is 110.17%.

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.