Northwestern Mutual Wealth Management Co. Sells 18,889 Shares of Restaurant Brands International Inc. $QSR

Northwestern Mutual Wealth Management Co. lowered its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 19.6% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 77,632 shares of the restaurant operator’s stock after selling 18,889 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Restaurant Brands International were worth $5,629,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Capital Analysts LLC grew its stake in shares of Restaurant Brands International by 20.6% in the fourth quarter. Capital Analysts LLC now owns 924 shares of the restaurant operator’s stock worth $63,000 after acquiring an additional 158 shares during the last quarter. Private Advisor Group LLC raised its position in shares of Restaurant Brands International by 4.1% in the 1st quarter. Private Advisor Group LLC now owns 4,354 shares of the restaurant operator’s stock worth $322,000 after purchasing an additional 170 shares during the last quarter. Applied Finance Capital Management LLC boosted its stake in Restaurant Brands International by 1.9% in the 4th quarter. Applied Finance Capital Management LLC now owns 9,440 shares of the restaurant operator’s stock worth $644,000 after purchasing an additional 179 shares in the last quarter. Versant Capital Management Inc boosted its stake in Restaurant Brands International by 6.3% in the 2nd quarter. Versant Capital Management Inc now owns 3,478 shares of the restaurant operator’s stock worth $252,000 after purchasing an additional 207 shares in the last quarter. Finally, UMB Bank n.a. grew its position in Restaurant Brands International by 50.4% during the 4th quarter. UMB Bank n.a. now owns 639 shares of the restaurant operator’s stock valued at $44,000 after purchasing an additional 214 shares during the last quarter. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Stock Performance

Shares of QSR stock opened at $80.16 on Friday. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 2.49. Restaurant Brands International Inc. has a 52 week low of $61.33 and a 52 week high of $81.96. The firm has a market capitalization of $27.96 billion, a PE ratio of 21.55, a P/E/G ratio of 2.21 and a beta of 0.51. The company has a 50 day moving average price of $75.55 and a 200-day moving average price of $74.94.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Thursday, August 6th. The restaurant operator reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.03. Restaurant Brands International had a net margin of 13.12% and a return on equity of 33.43%. The business had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period in the previous year, the business earned $0.94 EPS. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. As a group, equities research analysts expect that Restaurant Brands International Inc. will post 4.03 earnings per share for the current year.

Restaurant Brands International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 18th will be paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Friday, September 18th. Restaurant Brands International’s payout ratio is currently 69.89%.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Weiss Ratings raised shares of Restaurant Brands International from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, August 12th. Evercore reissued an “outperform” rating and set a $88.00 price target on shares of Restaurant Brands International in a research report on Friday, August 7th. Morgan Stanley boosted their price objective on shares of Restaurant Brands International from $78.00 to $79.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 15th. Barclays upped their price objective on Restaurant Brands International from $85.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Finally, Scotia cut their target price on Restaurant Brands International from $83.00 to $81.00 and set a “sector perform” rating on the stock in a research note on Friday, August 7th. Sixteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Restaurant Brands International has an average rating of “Moderate Buy” and a consensus target price of $84.00.

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.