KBC Group NV increased its holdings in shares of Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) by 100.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,780 shares of the restaurant operator’s stock after purchasing an additional 4,390 shares during the period. KBC Group NV’s holdings in Restaurant Brands International were worth $459,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Morgan Stanley lifted its stake in Restaurant Brands International by 20.5% in the 3rd quarter. Morgan Stanley now owns 1,255,679 shares of the restaurant operator’s stock valued at $74,437,000 after acquiring an additional 213,723 shares in the last quarter. TD Asset Management Inc. lifted its stake in Restaurant Brands International by 5.8% in the 3rd quarter. TD Asset Management Inc. now owns 4,239,685 shares of the restaurant operator’s stock valued at $250,863,000 after acquiring an additional 232,606 shares in the last quarter. Bridgewater Associates LP lifted its stake in Restaurant Brands International by 16.8% in the 3rd quarter. Bridgewater Associates LP now owns 117,089 shares of the restaurant operator’s stock valued at $6,928,000 after acquiring an additional 16,865 shares in the last quarter. Riverhead Capital Management LLC lifted its stake in Restaurant Brands International by 52.0% in the 3rd quarter. Riverhead Capital Management LLC now owns 3,508 shares of the restaurant operator’s stock valued at $207,000 after acquiring an additional 1,200 shares in the last quarter. Finally, Bank of Montreal Can lifted its stake in Restaurant Brands International by 2.0% in the 4th quarter. Bank of Montreal Can now owns 5,145,751 shares of the restaurant operator’s stock valued at $269,123,000 after acquiring an additional 98,971 shares in the last quarter. Hedge funds and other institutional investors own 81.09% of the company’s stock.
Several equities research analysts have commented on the company. Robert W. Baird restated a “buy” rating and issued a $72.00 target price on shares of Restaurant Brands International in a research note on Wednesday. Oppenheimer boosted their target price on Restaurant Brands International from $65.00 to $75.00 and gave the company an “outperform” rating in a research note on Tuesday, February 12th. Citigroup boosted their target price on Restaurant Brands International from $65.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday. KeyCorp boosted their target price on Restaurant Brands International from $68.00 to $72.00 and gave the company an “overweight” rating in a research note on Tuesday, February 12th. Finally, ValuEngine upgraded Restaurant Brands International from a “hold” rating to a “buy” rating in a research note on Thursday, January 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $69.87.
In other Restaurant Brands International news, COO Joshua Kobza sold 113,577 shares of the business’s stock in a transaction that occurred on Wednesday, February 13th. The stock was sold at an average price of $64.41, for a total transaction of $7,315,494.57. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.78% of the stock is owned by insiders.
NYSE:QSR opened at $64.69 on Friday. The company has a market cap of $16.21 billion, a price-to-earnings ratio of 24.60, a P/E/G ratio of 2.13 and a beta of 1.44. Restaurant Brands International Inc has a twelve month low of $50.20 and a twelve month high of $65.59. The company has a current ratio of 1.34, a quick ratio of 1.27 and a debt-to-equity ratio of 2.73.
Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Monday, February 11th. The restaurant operator reported $0.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.01. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.39 billion. Restaurant Brands International had a return on equity of 28.98% and a net margin of 11.42%. The business’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.66 EPS. Research analysts forecast that Restaurant Brands International Inc will post 2.76 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 3rd. Shareholders of record on Friday, March 15th will be given a dividend of $0.50 per share. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $2.00 annualized dividend and a dividend yield of 3.09%. Restaurant Brands International’s payout ratio is 68.44%.
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.
Featured Story: Straddles
Want to see what other hedge funds are holding QSR?Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR).
Receive News & Ratings for Restaurant Brands International Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Restaurant Brands International and related companies with MarketBeat.com’s FREE daily email newsletter.