Legal & General Group Plc Increases Stake in Restaurant Brands International Inc. $QSR

Legal & General Group Plc boosted its position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 5.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,693,511 shares of the restaurant operator’s stock after purchasing an additional 81,533 shares during the period. Legal & General Group Plc’s holdings in Restaurant Brands International were worth $115,708,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of QSR. Vanguard Group Inc. boosted its holdings in shares of Restaurant Brands International by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 15,983,585 shares of the restaurant operator’s stock valued at $1,090,684,000 after acquiring an additional 344,066 shares during the last quarter. EdgePoint Investment Group Inc. boosted its holdings in shares of Restaurant Brands International by 15.4% during the 3rd quarter. EdgePoint Investment Group Inc. now owns 14,903,208 shares of the restaurant operator’s stock valued at $955,855,000 after acquiring an additional 1,983,354 shares during the last quarter. Baupost Group LLC MA boosted its holdings in shares of Restaurant Brands International by 103.8% during the 3rd quarter. Baupost Group LLC MA now owns 8,252,862 shares of the restaurant operator’s stock valued at $529,337,000 after acquiring an additional 4,203,300 shares during the last quarter. TD Asset Management Inc boosted its holdings in shares of Restaurant Brands International by 0.3% during the 3rd quarter. TD Asset Management Inc now owns 5,505,861 shares of the restaurant operator’s stock valued at $353,284,000 after acquiring an additional 18,964 shares during the last quarter. Finally, Fiera Capital Corp boosted its holdings in shares of Restaurant Brands International by 17.2% during the 3rd quarter. Fiera Capital Corp now owns 4,946,163 shares of the restaurant operator’s stock valued at $317,191,000 after acquiring an additional 724,540 shares during the last quarter. 82.29% of the stock is owned by hedge funds and other institutional investors.

Restaurant Brands International Stock Performance

QSR opened at $74.29 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.90 and a debt-to-equity ratio of 2.55. The company has a market cap of $25.80 billion, a price-to-earnings ratio of 26.16, a PEG ratio of 1.94 and a beta of 0.53. The company’s 50 day moving average is $76.76 and its 200 day moving average is $72.23. Restaurant Brands International Inc. has a 12-month low of $61.33 and a 12-month high of $81.96.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings data on Wednesday, May 6th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.03. The company had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.24 billion. Restaurant Brands International had a net margin of 9.96% and a return on equity of 32.80%. The firm’s revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.75 earnings per share. On average, equities research analysts predict that Restaurant Brands International Inc. will post 4.06 EPS for the current year.

Restaurant Brands International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Tuesday, June 23rd will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Tuesday, June 23rd. Restaurant Brands International’s payout ratio is currently 91.55%.

Insiders Place Their Bets

In other Restaurant Brands International news, insider Jill Granat sold 25,000 shares of the company’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $75.09, for a total value of $1,877,250.00. Following the completion of the sale, the insider owned 478,845 shares in the company, valued at $35,956,471.05. This represents a 4.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Joshua Kobza sold 200,000 shares of the company’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $75.05, for a total value of $15,010,000.00. Following the completion of the sale, the chief executive officer owned 960,769 shares of the company’s stock, valued at approximately $72,105,713.45. The trade was a 17.23% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 350,000 shares of company stock valued at $26,198,650. 1.25% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on QSR shares. CL King set a $81.00 price target on shares of Restaurant Brands International in a report on Thursday, May 7th. TD Cowen raised their price target on shares of Restaurant Brands International from $76.00 to $79.00 and gave the company a “hold” rating in a report on Wednesday, May 6th. KeyCorp upped their price objective on Restaurant Brands International from $78.00 to $90.00 and gave the company an “overweight” rating in a research report on Monday, April 20th. Sanford C. Bernstein set a $82.00 price objective on Restaurant Brands International in a research report on Friday, February 13th. Finally, Royal Bank Of Canada upped their price objective on Restaurant Brands International from $83.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday, April 21st. Sixteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $83.54.

Restaurant Brands International Company Profile

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.