GW&K Investment Management LLC grew its holdings in Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) by 0.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 490,040 shares of the restaurant operator’s stock after acquiring an additional 1,243 shares during the quarter. GW&K Investment Management LLC’s holdings in Restaurant Brands International were worth $34,861,000 at the end of the most recent reporting period.
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Other hedge funds and other institutional investors have also modified their holdings of the company. Athanor Capital LP acquired a new stake in Restaurant Brands International in the second quarter worth about $243,000. Aperio Group LLC raised its stake in shares of Restaurant Brands International by 16.7% in the second quarter. Aperio Group LLC now owns 98,127 shares of the restaurant operator’s stock worth $6,824,000 after purchasing an additional 14,060 shares during the last quarter. Bessemer Group Inc. raised its stake in shares of Restaurant Brands International by 1.3% in the second quarter. Bessemer Group Inc. now owns 1,768,249 shares of the restaurant operator’s stock worth $122,963,000 after purchasing an additional 22,101 shares during the last quarter. Boston Advisors LLC raised its stake in shares of Restaurant Brands International by 6.5% in the second quarter. Boston Advisors LLC now owns 15,700 shares of the restaurant operator’s stock worth $1,092,000 after purchasing an additional 960 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of Restaurant Brands International by 31.1% in the second quarter. Russell Investments Group Ltd. now owns 19,674 shares of the restaurant operator’s stock worth $1,369,000 after purchasing an additional 4,668 shares during the last quarter. 77.84% of the stock is owned by institutional investors and hedge funds.
Several brokerages have recently issued reports on QSR. Cowen reduced their price objective on Restaurant Brands International from $85.00 to $75.00 and set an “outperform” rating for the company in a research note on Tuesday, October 29th. SunTrust Banks raised their price objective on Restaurant Brands International to $86.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Barclays set a $86.00 price objective on Restaurant Brands International and gave the stock a “buy” rating in a research note on Friday, August 2nd. ValuEngine cut Restaurant Brands International from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Finally, Longbow Research upgraded Restaurant Brands International from an “underperform” rating to a “neutral” rating in a research note on Monday, September 30th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $77.53.
In other news, CEO Jose E. Cil sold 122,680 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $77.74, for a total value of $9,537,143.20. Following the completion of the sale, the chief executive officer now directly owns 647,068 shares in the company, valued at $50,303,066.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Joshua Kobza sold 203,198 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $76.71, for a total value of $15,587,318.58. Following the completion of the sale, the chief operating officer now owns 148,694 shares of the company’s stock, valued at $11,406,316.74. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,007,128 shares of company stock valued at $75,592,467. 4.13% of the stock is owned by company insiders.
QSR stock traded up $0.26 during trading on Friday, hitting $66.54. 1,142,854 shares of the company traded hands, compared to its average volume of 1,956,733. The stock’s 50-day simple moving average is $69.26 and its 200 day simple moving average is $70.58. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.09 and a quick ratio of 1.05. The company has a market cap of $19.59 billion, a PE ratio of 25.30, a P/E/G ratio of 2.52 and a beta of 1.20. Restaurant Brands International Inc has a 1 year low of $50.20 and a 1 year high of $79.46.
Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Monday, October 28th. The restaurant operator reported $0.72 earnings per share for the quarter, meeting the consensus estimate of $0.72. The company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Restaurant Brands International had a return on equity of 32.20% and a net margin of 11.64%. Restaurant Brands International’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the business earned $0.53 earnings per share. Research analysts expect that Restaurant Brands International Inc will post 2.69 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Tuesday, December 17th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend is Monday, December 16th. Restaurant Brands International’s dividend payout ratio is currently 76.05%.
About Restaurant Brands International
Restaurant Brands International Inc owns, operates, and franchises quick service restaurants under the Tim Hortons (TH), Burger King (BK), and Popeyes (PLK) brand names. The company operates through three segments: TH, BK, and PLK. Its restaurants offer blend coffee, tea, espresso-based hot and cold specialty drinks, donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, hamburgers, chicken and other specialty sandwiches, french fries, soft drinks, chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other food items.
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