JARISLOWSKY FRASER Ltd Sells 148,118 Shares of Restaurant Brands International Inc. $QSR

JARISLOWSKY FRASER Ltd lowered its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 4.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,263,219 shares of the restaurant operator’s stock after selling 148,118 shares during the period. JARISLOWSKY FRASER Ltd owned about 1.00% of Restaurant Brands International worth $209,386,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its stake in shares of Restaurant Brands International by 11.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 78,845 shares of the restaurant operator’s stock valued at $5,355,000 after purchasing an additional 7,988 shares during the period. Mn Services Vermogensbeheer B.V. boosted its stake in Restaurant Brands International by 8.3% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 116,300 shares of the restaurant operator’s stock valued at $7,699,000 after buying an additional 8,900 shares in the last quarter. Prudential Financial Inc. bought a new stake in Restaurant Brands International in the second quarter valued at $1,090,000. Baupost Group LLC MA raised its stake in Restaurant Brands International by 4.2% during the second quarter. Baupost Group LLC MA now owns 4,049,562 shares of the restaurant operator’s stock worth $268,445,000 after acquiring an additional 163,000 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Restaurant Brands International by 6.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 485,946 shares of the restaurant operator’s stock valued at $32,213,000 after purchasing an additional 30,741 shares in the last quarter. Institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Stock Down 0.6%

Shares of NYSE QSR opened at $67.80 on Friday. The firm has a market capitalization of $22.24 billion, a PE ratio of 24.13, a price-to-earnings-growth ratio of 2.50 and a beta of 0.59. The company has a current ratio of 1.06, a quick ratio of 0.98 and a debt-to-equity ratio of 2.65. Restaurant Brands International Inc. has a 1 year low of $58.71 and a 1 year high of $73.70. The firm’s 50-day moving average is $69.44 and its 200-day moving average is $67.29.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Thursday, October 30th. The restaurant operator reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.03. Restaurant Brands International had a net margin of 9.95% and a return on equity of 32.43%. The business had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same period in the previous year, the firm posted $0.93 earnings per share. Restaurant Brands International’s revenue for the quarter was up 6.9% compared to the same quarter last year. Equities analysts expect that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Tuesday, December 23rd will be paid a $0.62 dividend. The ex-dividend date of this dividend is Tuesday, December 23rd. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.7%. Restaurant Brands International’s dividend payout ratio is 88.26%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Restaurant Brands International in a research report on Wednesday, October 8th. Northcoast Research lowered Restaurant Brands International from a “buy” rating to a “neutral” rating in a research report on Friday, September 12th. Oppenheimer reiterated an “outperform” rating and issued a $80.00 price objective on shares of Restaurant Brands International in a research report on Tuesday, November 25th. Royal Bank Of Canada restated an “outperform” rating and set a $82.00 target price on shares of Restaurant Brands International in a report on Tuesday, December 9th. Finally, Robert W. Baird raised their target price on Restaurant Brands International from $68.00 to $72.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Ten analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $75.45.

Insiders Place Their Bets

In other news, Chairman J Patrick Doyle sold 43,597 shares of the firm’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $69.80, for a total value of $3,043,070.60. Following the transaction, the chairman directly owned 193,855 shares in the company, valued at $13,531,079. This trade represents a 18.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Joshua Kobza sold 25,472 shares of the company’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $70.91, for a total value of $1,806,219.52. Following the completion of the sale, the chief executive officer owned 961,282 shares of the company’s stock, valued at $68,164,506.62. This represents a 2.58% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 131,807 shares of company stock worth $9,308,973 over the last three months. Insiders own 1.25% of the company’s stock.

About Restaurant Brands International

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.