MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lowered its stake in shares of Restaurant Brands International Inc. (NYSE:QSR – Get Rating) (TSE:QSR) by 1.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,698 shares of the restaurant operator’s stock after selling 542 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Restaurant Brands International were worth $2,528,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently modified their holdings of the company. SG Americas Securities LLC purchased a new position in shares of Restaurant Brands International in the 4th quarter valued at $144,000. LPL Financial LLC boosted its stake in Restaurant Brands International by 27.1% during the 4th quarter. LPL Financial LLC now owns 84,423 shares of the restaurant operator’s stock worth $5,123,000 after purchasing an additional 18,018 shares during the period. Simcoe Capital Management LLC purchased a new position in Restaurant Brands International during the 4th quarter worth $8,537,000. Townsend & Associates Inc grew its position in Restaurant Brands International by 13.6% during the 4th quarter. Townsend & Associates Inc now owns 27,897 shares of the restaurant operator’s stock worth $1,595,000 after purchasing an additional 3,348 shares during the last quarter. Finally, Crossmark Global Holdings Inc. raised its holdings in shares of Restaurant Brands International by 4.7% in the fourth quarter. Crossmark Global Holdings Inc. now owns 30,175 shares of the restaurant operator’s stock valued at $1,831,000 after buying an additional 1,343 shares during the last quarter. Institutional investors and hedge funds own 80.16% of the company’s stock.
Several equities analysts recently issued reports on QSR shares. Citigroup dropped their price target on Restaurant Brands International from $64.00 to $58.00 in a research report on Wednesday, May 4th. Stifel Nicolaus downgraded Restaurant Brands International from a “buy” rating to a “hold” rating and decreased their price target for the stock from $68.00 to $58.00 in a report on Wednesday, May 4th. Royal Bank of Canada dropped their price objective on shares of Restaurant Brands International from $70.00 to $68.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 4th. Robert W. Baird reiterated a “hold” rating and set a $62.00 price target on shares of Restaurant Brands International in a research note on Thursday, March 17th. Finally, Barclays reduced their price objective on shares of Restaurant Brands International from $68.00 to $61.00 and set an “overweight” rating for the company in a research report on Thursday, June 9th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $66.76.
Restaurant Brands International (NYSE:QSR – Get Rating) (TSE:QSR) last announced its earnings results on Tuesday, May 3rd. The restaurant operator reported $0.64 EPS for the quarter, beating the consensus estimate of $0.61 by $0.03. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.42 billion. Restaurant Brands International had a return on equity of 30.02% and a net margin of 14.20%. The company’s revenue was up 15.2% on a year-over-year basis. During the same period last year, the business posted $0.55 EPS. Equities analysts anticipate that Restaurant Brands International Inc. will post 2.96 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 6th. Shareholders of record on Wednesday, June 22nd will be paid a dividend of $0.54 per share. The ex-dividend date is Tuesday, June 21st. This represents a $2.16 dividend on an annualized basis and a yield of 4.50%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 80.00%.
About Restaurant Brands International (Get Rating)
Restaurant Brands International Inc operates as quick service restaurant company in Canada 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 others.
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