Boston Partners Sells 31,146 Shares of Restaurant Brands International Inc. $QSR

Boston Partners trimmed its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 61.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,872 shares of the restaurant operator’s stock after selling 31,146 shares during the quarter. Boston Partners’ holdings in Restaurant Brands International were worth $1,324,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of QSR. Dunhill Financial LLC grew its holdings in Restaurant Brands International by 100.0% in the fourth quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 200 shares during the period. HM Payson & Co. acquired a new stake in Restaurant Brands International in the first quarter worth $26,000. Private Trust Co. NA grew its holdings in Restaurant Brands International by 96.6% in the first quarter. Private Trust Co. NA now owns 519 shares of the restaurant operator’s stock worth $35,000 after purchasing an additional 255 shares during the period. Larson Financial Group LLC grew its holdings in Restaurant Brands International by 438.6% in the first quarter. Larson Financial Group LLC now owns 781 shares of the restaurant operator’s stock worth $52,000 after purchasing an additional 636 shares during the period. Finally, Caitong International Asset Management Co. Ltd grew its holdings in Restaurant Brands International by 84.5% in the first quarter. Caitong International Asset Management Co. Ltd now owns 860 shares of the restaurant operator’s stock worth $57,000 after purchasing an additional 394 shares during the period. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on QSR shares. Truist Financial raised their price target on shares of Restaurant Brands International from $78.00 to $81.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. Loop Capital restated a “buy” rating on shares of Restaurant Brands International in a report on Thursday, June 26th. Bank of America decreased their target price on shares of Restaurant Brands International from $62.00 to $60.00 and set an “underperform” rating for the company in a research report on Friday, July 18th. Oppenheimer upped their target price on shares of Restaurant Brands International from $77.00 to $80.00 and gave the stock an “outperform” rating in a report on Tuesday, May 27th. Finally, Citigroup cut their price target on Restaurant Brands International from $76.00 to $72.00 and set a “neutral” rating for the company in a research note on Friday, August 8th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Restaurant Brands International currently has an average rating of “Hold” and an average target price of $75.04.

Restaurant Brands International Stock Up 0.3%

Restaurant Brands International stock opened at $65.35 on Monday. Restaurant Brands International Inc. has a fifty-two week low of $58.71 and a fifty-two week high of $74.09. The stock has a market cap of $21.42 billion, a PE ratio of 24.75, a price-to-earnings-growth ratio of 2.81 and a beta of 0.58. The firm’s 50-day simple moving average is $67.52 and its 200 day simple moving average is $66.62. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.95 and a current ratio of 1.01.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings data on Thursday, August 7th. The restaurant operator reported $0.94 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.03). The company had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.33 billion. Restaurant Brands International had a return on equity of 29.54% and a net margin of 9.43%. The business’s revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.86 EPS. Research analysts predict that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Tuesday, September 23rd will be given a $0.62 dividend. The ex-dividend date of this dividend is Tuesday, September 23rd. This represents a $2.48 annualized dividend and a yield of 3.8%. Restaurant Brands International’s payout ratio is currently 93.94%.

Insider Buying and Selling

In other Restaurant Brands International news, insider Jacqueline Friesner sold 70,000 shares of Restaurant Brands International stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $70.08, for a total value of $4,905,600.00. Following the sale, the insider owned 182,897 shares of the company’s stock, valued at approximately $12,817,421.76. The trade was a 27.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.25% of the company’s stock.

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.