TIAA Trust National Association Has $205,000 Stock Position in Restaurant Brands International Inc. (NYSE:QSR)

TIAA Trust National Association cut its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 6.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,577 shares of the restaurant operator’s stock after selling 183 shares during the period. TIAA Trust National Association’s holdings in Restaurant Brands International were worth $205,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Capital Research Global Investors lifted its holdings in Restaurant Brands International by 19.8% during the fourth quarter. Capital Research Global Investors now owns 24,012,659 shares of the restaurant operator’s stock worth $1,876,109,000 after acquiring an additional 3,971,774 shares in the last quarter. Norges Bank bought a new position in Restaurant Brands International during the fourth quarter worth about $243,551,000. TD Asset Management Inc lifted its holdings in Restaurant Brands International by 41.0% during the first quarter. TD Asset Management Inc now owns 4,847,985 shares of the restaurant operator’s stock worth $385,361,000 after acquiring an additional 1,409,552 shares in the last quarter. National Bank of Canada FI lifted its holdings in Restaurant Brands International by 46.7% during the fourth quarter. National Bank of Canada FI now owns 2,253,620 shares of the restaurant operator’s stock worth $173,167,000 after acquiring an additional 717,801 shares in the last quarter. Finally, 1832 Asset Management L.P. lifted its holdings in Restaurant Brands International by 18.2% during the fourth quarter. 1832 Asset Management L.P. now owns 4,668,144 shares of the restaurant operator’s stock worth $364,722,000 after acquiring an additional 717,346 shares in the last quarter. 82.29% of the stock is owned by institutional investors and hedge funds.

Restaurant Brands International Price Performance

Shares of QSR traded down $0.30 during trading hours on Monday, reaching $72.44. The stock had a trading volume of 749,403 shares, compared to its average volume of 1,585,665. Restaurant Brands International Inc. has a 12 month low of $61.77 and a 12 month high of $83.29. The stock has a market capitalization of $22.95 billion, a PE ratio of 18.79, a PEG ratio of 2.15 and a beta of 0.92. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.00 and a current ratio of 1.08. The company’s 50-day moving average is $69.85 and its two-hundred day moving average is $74.24.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Tuesday, April 30th. The restaurant operator reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. The company had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Restaurant Brands International had a return on equity of 31.12% and a net margin of 17.17%. Restaurant Brands International’s revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.75 EPS. Research analysts expect that Restaurant Brands International Inc. will post 3.37 EPS for the current year.

Restaurant Brands International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Friday, June 21st were issued a $0.58 dividend. The ex-dividend date was Friday, June 21st. This represents a $2.32 dividend on an annualized basis and a yield of 3.20%. Restaurant Brands International’s payout ratio is 59.79%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Citigroup lifted their target price on Restaurant Brands International from $78.00 to $79.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Genuity Capital Markets cut their price target on Restaurant Brands International from $74.00 to $73.00 and set a “neutral” rating on the stock in a report on Thursday, May 30th. Truist Financial cut their price target on Restaurant Brands International from $90.00 to $87.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. Bank of America upped their target price on Restaurant Brands International from $72.00 to $79.00 and gave the stock an “underperform” rating in a report on Wednesday, July 17th. Finally, TD Securities upped their target price on Restaurant Brands International from $84.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Restaurant Brands International has an average rating of “Moderate Buy” and an average price target of $83.46.

Insider Activity at Restaurant Brands International

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

Restaurant Brands International 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.