Swiss National Bank Has $73.17 Million Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Swiss National Bank trimmed its position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 5.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 934,730 shares of the restaurant operator’s stock after selling 55,800 shares during the quarter. Swiss National Bank owned 0.30% of Restaurant Brands International worth $73,168,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Pacifica Partners Inc. increased its holdings in Restaurant Brands International by 196.0% during the 4th quarter. Pacifica Partners Inc. now owns 370 shares of the restaurant operator’s stock worth $27,000 after purchasing an additional 245 shares in the last quarter. Rise Advisors LLC grew its holdings in Restaurant Brands International by 88.3% during the fourth quarter. Rise Advisors LLC now owns 371 shares of the restaurant operator’s stock worth $29,000 after buying an additional 174 shares in the last quarter. Oakworth Capital Inc. purchased a new stake in Restaurant Brands International in the 4th quarter valued at $30,000. Fifth Third Bancorp lifted its stake in Restaurant Brands International by 209.0% during the 4th quarter. Fifth Third Bancorp now owns 411 shares of the restaurant operator’s stock valued at $32,000 after acquiring an additional 278 shares in the last quarter. Finally, Larson Financial Group LLC boosted its holdings in Restaurant Brands International by 73,500.0% during the 3rd quarter. Larson Financial Group LLC now owns 736 shares of the restaurant operator’s stock worth $49,000 after acquiring an additional 735 shares during the last quarter. 82.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

QSR has been the subject of several analyst reports. TD Securities increased their target price on shares of Restaurant Brands International from $84.00 to $88.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Robert W. Baird increased their price objective on shares of Restaurant Brands International from $76.00 to $82.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Stephens restated an “equal weight” rating and issued a $75.00 target price on shares of Restaurant Brands International in a research note on Tuesday, February 13th. TD Cowen reaffirmed a “buy” rating and issued a $84.00 target price on shares of Restaurant Brands International in a report on Tuesday, April 30th. Finally, Royal Bank of Canada dropped their price target on Restaurant Brands International from $91.00 to $90.00 and set an “outperform” rating on the stock in a report on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, Restaurant Brands International presently has an average rating of “Moderate Buy” and an average price target of $83.56.

Restaurant Brands International Stock Performance

NYSE:QSR opened at $75.83 on Monday. The business’s fifty day moving average is $76.56 and its 200 day moving average is $74.74. The firm has a market cap of $23.99 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 2.30 and a beta of 0.92. The company has a debt-to-equity ratio of 2.72, a quick ratio of 0.94 and a current ratio of 1.08. Restaurant Brands International Inc. has a 52-week low of $61.77 and a 52-week high of $83.29.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results on Tuesday, April 30th. The restaurant operator reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. Restaurant Brands International had a return on equity of 31.12% and a net margin of 17.17%. The business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same quarter in the previous year, the firm earned $0.75 EPS. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. Research analysts predict that Restaurant Brands International Inc. will post 3.37 EPS for the current year.

Restaurant Brands International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 21st will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 3.06%. The ex-dividend date of this dividend is Friday, June 21st. Restaurant Brands International’s dividend payout ratio is presently 59.79%.

Insiders Place Their Bets

In other news, CFO Matthew Dunnigan sold 46,701 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $75.55, for a total transaction of $3,528,260.55. Following the completion of the transaction, the chief financial officer now directly owns 128,154 shares in the company, valued at approximately $9,682,034.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Matthew Dunnigan sold 46,701 shares of Restaurant Brands International stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $75.55, for a total transaction of $3,528,260.55. Following the completion of the sale, the chief financial officer now owns 128,154 shares of the company’s stock, valued at $9,682,034.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider David Chan Shear sold 17,556 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total value of $1,338,820.56. Following the transaction, the insider now owns 210,535 shares of the company’s stock, valued at $16,055,399.10. The disclosure for this sale can be found here. Insiders have sold 380,200 shares of company stock worth $28,828,182 in the last three months. 1.25% of the stock is currently owned by corporate insiders.

About Restaurant Brands International

Restaurant Brands International Inc operates as a quick-service restaurant company in Canada, the United States, 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 other food products.