Advisors Asset Management Inc. Has $1.63 Million Stake in Restaurant Brands International Inc. (NYSE:QSR)

Advisors Asset Management Inc. lowered its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 11.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,459 shares of the restaurant operator’s stock after selling 2,701 shares during the period. Advisors Asset Management Inc.’s holdings in Restaurant Brands International were worth $1,625,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Restaurant Brands International by 49.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 179,931 shares of the restaurant operator’s stock valued at $14,127,000 after acquiring an additional 59,627 shares in the last quarter. Asset Management One Co. Ltd. bought a new position in Restaurant Brands International during the fourth quarter worth about $3,703,000. Allspring Global Investments Holdings LLC boosted its holdings in Restaurant Brands International by 248,359.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 91,930 shares of the restaurant operator’s stock valued at $7,182,000 after purchasing an additional 91,893 shares in the last quarter. Desjardins Global Asset Management Inc. bought a new stake in shares of Restaurant Brands International in the 4th quarter valued at approximately $2,300,000. Finally, International Assets Investment Management LLC bought a new stake in shares of Restaurant Brands International in the 4th quarter valued at approximately $5,634,000. Institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Stock Down 0.9 %

Shares of NYSE:QSR opened at $67.98 on Friday. The company has a 50 day moving average of $69.70 and a 200-day moving average of $74.01. Restaurant Brands International Inc. has a one year low of $61.77 and a one year high of $83.29. The stock has a market cap of $21.54 billion, a price-to-earnings ratio of 17.52, a P/E/G ratio of 2.01 and a beta of 0.92. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.08 and a quick ratio of 1.00.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Tuesday, April 30th. The restaurant operator reported $0.73 EPS for the quarter, beating the consensus estimate of $0.72 by $0.01. Restaurant Brands International had a net margin of 17.17% and a return on equity of 31.12%. The company had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.70 billion. During the same quarter in the previous year, the company posted $0.75 EPS. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, sell-side analysts forecast that Restaurant Brands International Inc. will post 3.37 earnings per share for the current year.

Restaurant Brands International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Friday, June 21st were paid a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 3.41%. The ex-dividend date was Friday, June 21st. Restaurant Brands International’s payout ratio is 59.79%.

Analysts Set New Price Targets

QSR has been the subject of several analyst reports. TD Securities raised their target price on Restaurant Brands International from $84.00 to $88.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. TD Cowen reissued a “buy” rating and set a $88.00 price objective on shares of Restaurant Brands International in a report on Thursday, June 13th. Loop Capital upped their target price on shares of Restaurant Brands International from $86.00 to $93.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Citigroup lifted their price target on shares of Restaurant Brands International from $78.00 to $79.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Finally, Morgan Stanley decreased their price objective on shares of Restaurant Brands International from $86.00 to $83.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 16th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $83.46.

Insider Activity at Restaurant Brands International

In related news, Director Ali Hedayat sold 8,537 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $74.75, for a total transaction of $638,140.75. Following the completion of the transaction, the director now owns 22,881 shares in the company, valued at $1,710,354.75. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Restaurant Brands International news, CEO Joshua Kobza sold 246,196 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $75.17, for a total value of $18,506,553.32. Following the completion of the sale, the chief executive officer now directly owns 595,764 shares in the company, valued at $44,783,579.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ali Hedayat sold 8,537 shares of Restaurant Brands International stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $74.75, for a total value of $638,140.75. Following the transaction, the director now owns 22,881 shares in the company, valued at approximately $1,710,354.75. The disclosure for this sale can be found here. 1.36% of the stock is currently owned by corporate insiders.

Restaurant Brands International Company 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.