Mufg Securities Canada LTD. Cuts Stock Holdings in Restaurant Brands International Inc. $QSR

Mufg Securities Canada LTD. trimmed its position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 8.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 499,134 shares of the restaurant operator’s stock after selling 43,293 shares during the quarter. Restaurant Brands International makes up about 0.9% of Mufg Securities Canada LTD.’s portfolio, making the stock its 27th biggest holding. Mufg Securities Canada LTD.’s holdings in Restaurant Brands International were worth $34,067,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in QSR. AQR Capital Management LLC acquired a new stake in Restaurant Brands International in the 1st quarter valued at $237,000. WINTON GROUP Ltd purchased a new position in Restaurant Brands International during the second quarter valued at $265,000. State Street Corp grew its position in shares of Restaurant Brands International by 9,477.4% in the second quarter. State Street Corp now owns 2,997,344 shares of the restaurant operator’s stock valued at $198,711,000 after purchasing an additional 2,966,048 shares during the period. Sei Investments Co. grew its position in shares of Restaurant Brands International by 188.7% in the second quarter. Sei Investments Co. now owns 52,335 shares of the restaurant operator’s stock valued at $3,469,000 after purchasing an additional 34,210 shares during the period. Finally, Treasurer of the State of North Carolina purchased a new stake in shares of Restaurant Brands International during the second quarter worth about $10,019,000. Institutional investors and hedge funds own 82.29% of the company’s stock.

Insider Buying and Selling at Restaurant Brands International

In other Restaurant Brands International news, insider Jill Granat sold 25,000 shares of Restaurant Brands International stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $75.09, for a total transaction of $1,877,250.00. Following the sale, the insider owned 478,845 shares of the company’s stock, valued at $35,956,471.05. The trade was a 4.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jeffrey Housman sold 20,000 shares of Restaurant Brands International stock in a transaction on Friday, March 20th. The stock was sold at an average price of $73.48, for a total transaction of $1,469,600.00. Following the sale, the insider directly owned 162,077 shares in the company, valued at approximately $11,909,417.96. This trade represents a 10.98% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 255,000 shares of company stock worth $19,110,950. Company insiders own 1.22% of the company’s stock.

Restaurant Brands International Trading Up 0.2%

Shares of QSR opened at $74.99 on Monday. Restaurant Brands International Inc. has a 52-week low of $61.33 and a 52-week high of $81.96. The company has a quick ratio of 0.90, a current ratio of 0.99 and a debt-to-equity ratio of 2.55. The firm’s fifty day moving average is $76.59 and its two-hundred day moving average is $72.54. The stock has a market cap of $26.05 billion, a PE ratio of 26.40, a price-to-earnings-growth ratio of 1.94 and a beta of 0.49.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Wednesday, May 6th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.03. Restaurant Brands International had a net margin of 9.96% and a return on equity of 32.80%. The company had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter in the previous year, the company posted $0.75 EPS. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. Research analysts forecast that Restaurant Brands International Inc. will post 4.07 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Tuesday, June 23rd will be paid 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 91.55%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on QSR shares. Royal Bank Of Canada raised their price target on shares of Restaurant Brands International from $83.00 to $90.00 and gave the company an “outperform” rating in a research note on Tuesday, April 21st. Weiss Ratings raised shares of Restaurant Brands International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. Barclays raised their price target on shares of Restaurant Brands International from $85.00 to $92.00 and gave the company an “overweight” rating in a research note 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 research note on Wednesday, May 6th. Finally, Guggenheim raised their price target on shares of Restaurant Brands International from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Seventeen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.