1 week Ago By Defense World Staff
American Century Companies Inc. raised its holdings in Restaurant Brands International Inc. ( NYSE:QSR – Free Report ) (TSE:QSR) by 3.
4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 43,358 shares of the restaurant operator’s stock after purchasing an additional 1,428 shares during the period. American Century Companies Inc.
’s holdings in Restaurant Brands International were worth $2,826,000 at the end of the most recent quarter. A number of other institutional investors and hedge funds have also made changes to their positions in the business. BNP Paribas Financial Markets raised its position in shares of Restaurant Brands International by 17.
8% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,754 shares of the restaurant operator’s stock worth $126,000 after purchasing an additional 265 shares during the last quarter. Benjamin Edwards Inc.
purchased a new stake in Restaurant Brands International during the 3rd quarter worth approximately $361,000. HighTower Advisors LLC raised its holdings in shares of Restaurant Brands International by 6.3% during the third quarter.
HighTower Advisors LLC now owns 9,040 shares of the restaurant operator’s stock valued at $658,000 after acquiring an additional 537 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Restaurant Brands International by 112.1% in the third quarter.
Wellington Management Group LLP now owns 17,965 shares of the restaurant operator’s stock valued at $1,298,000 after acquiring an additional 9,496 shares in the last quarter. Finally, EP Wealth Advisors LLC purchased a new position in shares of Restaurant Brands International in the third quarter valued at approximately $206,000. 82.
29% of the stock is currently owned by hedge funds and other institutional investors. Wall Street Analysts Forecast Growth Several research firms recently commented on QSR. Stifel Nicolaus reduced their price objective on Restaurant Brands International from $72.
00 to $68.00 and set a “hold” rating for the company in a research note on Friday, January 10th. JPMorgan Chase & Co.
dropped their target price on shares of Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a report on Thursday, March 20th.
Barclays decreased their price target on shares of Restaurant Brands International from $83.00 to $80.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th.
Loop Capital reaffirmed a “buy” rating on shares of Restaurant Brands International in a research note on Tuesday, March 18th. Finally, Citigroup increased their price objective on shares of Restaurant Brands International from $65.00 to $67.
00 and gave the company a “neutral” rating in a report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.
com, Restaurant Brands International currently has a consensus rating of “Moderate Buy” and a consensus target price of $76.63. Insider Buying and Selling In other Restaurant Brands International news, CEO Joshua Kobza sold 93,619 shares of the company’s stock in a transaction on Friday, February 21st.
The shares were sold at an average price of $62.35, for a total value of $5,837,144.65.
Following the completion of the transaction, the chief executive officer now owns 848,578 shares in the company, valued at $52,908,838.30. This represents a 9.
94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink . Also, CFO Sami A.
Siddiqui sold 12,500 shares of the company’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $68.12, for a total value of $851,500.
00. Following the completion of the sale, the chief financial officer now directly owns 235,228 shares of the company’s stock, valued at approximately $16,023,731.36.
This trade represents a 5.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
Insiders sold 278,716 shares of company stock worth $17,740,281 over the last 90 days. 1.36% of the stock is owned by insiders.
Restaurant Brands International Stock Down 2.2 % Shares of NYSE QSR opened at $62.18 on Tuesday.
The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.
75. The business’s 50 day moving average is $65.41 and its two-hundred day moving average is $67.
05. Restaurant Brands International Inc. has a 52-week low of $59.
67 and a 52-week high of $77.24. The firm has a market cap of $20.
35 billion, a price-to-earnings ratio of 19.55, a PEG ratio of 1.77 and a beta of 0.
72. Restaurant Brands International ( NYSE:QSR – Get Free Report ) (TSE:QSR) last posted its quarterly earnings data on Wednesday, February 12th. The restaurant operator reported $0.
81 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.29).
Restaurant Brands International had a net margin of 12.15% and a return on equity of 28.53%.
Research analysts predict that Restaurant Brands International Inc. will post 3.72 EPS for the current year.
Restaurant Brands International Increases Dividend The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 21st were given a $0.62 dividend.
The ex-dividend date of this dividend was Friday, March 21st. This represents a $2.48 dividend on an annualized basis and a yield of 3.
99%. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.58.
Restaurant Brands International’s dividend payout ratio (DPR) is currently 77.99%. About Restaurant Brands International ( Free Report ) 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. Featured Articles Five stocks we like better than Restaurant Brands International How to Buy Cheap Stocks Step by Step Options Activity Points to More Volatility for Palantir Stock Conference Calls and Individual Investors NVIDIA Stock: Oversold, Undervalued — How Low Can It Go? Diversification Can Smooth Returns And Mitigate Portfolio Risk MicroStrategy Sees Insider Buy-Sell Action in Q1 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 – Free Report ) (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.
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