Swiss National Bank lessened its stake in Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) by 1.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 828,461 shares of the restaurant operator’s stock after selling 13,300 shares during the period. Swiss National Bank owned 0.33% of Restaurant Brands International worth $48,872,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently bought and sold shares of QSR. Bessemer Group Inc. boosted its holdings in Restaurant Brands International by 1.4% in the second quarter. Bessemer Group Inc. now owns 1,671,644 shares of the restaurant operator’s stock worth $100,800,000 after acquiring an additional 23,214 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in Restaurant Brands International by 34.0% in the second quarter. BNP Paribas Arbitrage SA now owns 27,513 shares of the restaurant operator’s stock worth $1,659,000 after acquiring an additional 6,977 shares in the last quarter. Kendall Capital Management acquired a new stake in Restaurant Brands International in the second quarter worth about $403,000. Daiwa Securities Group Inc. acquired a new stake in Restaurant Brands International in the second quarter worth about $133,000. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Restaurant Brands International by 8.6% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 702,284 shares of the restaurant operator’s stock worth $42,367,000 after purchasing an additional 55,867 shares during the period. Institutional investors own 79.23% of the company’s stock.
A number of equities research analysts recently commented on the company. Zacks Investment Research reaffirmed a “sell” rating on shares of Restaurant Brands International in a report on Wednesday, November 14th. Citigroup decreased their target price on Restaurant Brands International from $72.00 to $65.00 and set a “buy” rating for the company in a report on Tuesday, October 30th. ValuEngine raised Restaurant Brands International from a “sell” rating to a “hold” rating in a report on Friday, October 12th. UBS Group set a $74.00 target price on Restaurant Brands International and gave the stock a “buy” rating in a report on Thursday, September 20th. Finally, Morgan Stanley lifted their target price on Restaurant Brands International from $69.00 to $70.00 and gave the stock an “overweight” rating in a report on Thursday, August 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $69.80.
Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Wednesday, October 24th. The restaurant operator reported $0.63 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.02). The company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.40 billion. Restaurant Brands International had a net margin of 12.76% and a return on equity of 28.42%. The company’s revenue was up 13.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.58 earnings per share. On average, sell-side analysts anticipate that Restaurant Brands International Inc will post 2.61 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 4th. Stockholders of record on Monday, December 17th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date is Friday, December 14th. Restaurant Brands International’s dividend payout ratio (DPR) is presently 85.71%.
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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