The Manufacturers Life Insurance Company Has $81.51 Million Stake in Restaurant Brands International Inc. $QSR

The Manufacturers Life Insurance Company reduced its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 6.7% in the 1st quarter, Holdings Channel reports. The firm owned 1,102,497 shares of the restaurant operator’s stock after selling 78,720 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Restaurant Brands International were worth $81,509,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of QSR. Lloyd Advisory Services LLC. bought a new stake in shares of Restaurant Brands International in the 4th quarter valued at about $25,000. Larson Financial Group LLC raised its position in shares of Restaurant Brands International by 1,922.2% during the fourth quarter. Larson Financial Group LLC now owns 364 shares of the restaurant operator’s stock worth $25,000 after acquiring an additional 346 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in shares of Restaurant Brands International during the fourth quarter worth about $29,000. Cassaday & Co Wealth Management LLC acquired a new position in shares of Restaurant Brands International in the first quarter worth approximately $40,000. Finally, UMB Bank n.a. lifted its stake in shares of Restaurant Brands International by 50.4% in the fourth quarter. UMB Bank n.a. now owns 639 shares of the restaurant operator’s stock worth $44,000 after acquiring an additional 214 shares during the period. 82.29% of the stock is owned by institutional investors and hedge funds.

Restaurant Brands International Trading Up 0.9%

NYSE QSR opened at $75.54 on Thursday. The business has a 50 day simple moving average of $73.94 and a 200 day simple moving average of $73.43. Restaurant Brands International Inc. has a one year low of $61.33 and a one year high of $81.96. The stock has a market capitalization of $26.38 billion, a P/E ratio of 26.60, a P/E/G ratio of 2.18 and a beta of 0.50. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.99 and a quick ratio of 0.90.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings results on Wednesday, May 6th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.03. Restaurant Brands International had a return on equity of 32.80% and a net margin of 9.96%.The firm had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same period in the previous year, the firm earned $0.75 earnings per share. The company’s revenue was up 7.3% compared to the same quarter last year. Research analysts expect that Restaurant Brands International Inc. will post 4.04 earnings per share for the current year.

Restaurant Brands International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Tuesday, June 23rd were paid a $0.65 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $2.60 annualized dividend and a dividend yield of 3.4%. Restaurant Brands International’s payout ratio is currently 91.55%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on QSR shares. Robert W. Baird increased their target price on shares of Restaurant Brands International from $72.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. TD Cowen boosted their price target on shares of Restaurant Brands International from $79.00 to $80.00 and gave the stock a “hold” rating in a research report on Thursday, July 9th. Scotia upped their price objective on shares of Restaurant Brands International from $81.00 to $83.00 and gave the company a “sector perform” rating in a research note on Thursday, May 7th. UBS Group increased their price objective on shares of Restaurant Brands International from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Finally, Scotiabank lifted their target price on shares of Restaurant Brands International from $81.00 to $83.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 7th. Fifteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Restaurant Brands International currently has a consensus rating of “Moderate Buy” and an average price target of $83.86.

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.