Restaurant Brands International Inc. (NYSE:QSR) Holdings Lifted by BKM Wealth Management LLC

BKM Wealth Management LLC increased its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 23.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,740 shares of the restaurant operator’s stock after buying an additional 1,089 shares during the quarter. BKM Wealth Management LLC’s holdings in Restaurant Brands International were worth $456,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of QSR. Capital Research Global Investors grew its holdings in shares of Restaurant Brands International by 19.8% during the fourth quarter. Capital Research Global Investors now owns 24,012,659 shares of the restaurant operator’s stock valued at $1,876,109,000 after buying an additional 3,971,774 shares in the last quarter. Norges Bank purchased a new position in Restaurant Brands International in the fourth quarter valued at about $243,551,000. National Bank of Canada FI grew its stake in Restaurant Brands International by 46.7% in the fourth quarter. National Bank of Canada FI now owns 2,253,620 shares of the restaurant operator’s stock valued at $173,167,000 after purchasing an additional 717,801 shares in the last quarter. 1832 Asset Management L.P. grew its stake in Restaurant Brands International by 18.2% in the fourth quarter. 1832 Asset Management L.P. now owns 4,668,144 shares of the restaurant operator’s stock valued at $364,722,000 after purchasing an additional 717,346 shares in the last quarter. Finally, TD Asset Management Inc grew its stake in Restaurant Brands International by 22.8% in the fourth quarter. TD Asset Management Inc now owns 3,438,433 shares of the restaurant operator’s stock valued at $269,914,000 after purchasing an additional 638,501 shares in the last quarter. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on QSR shares. Barclays boosted their target price on Restaurant Brands International from $87.00 to $89.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. TD Cowen restated a “buy” rating and issued a $88.00 target price on shares of Restaurant Brands International in a research note on Thursday, June 13th. TD Securities boosted their target price on Restaurant Brands International from $84.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Citigroup upped their price target on Restaurant Brands International from $78.00 to $79.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Finally, Robert W. Baird upped their price target on Restaurant Brands International from $76.00 to $82.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $83.03.

Restaurant Brands International Trading Down 0.1 %

QSR stock opened at $70.27 on Tuesday. Restaurant Brands International Inc. has a 1-year low of $61.77 and a 1-year high of $83.29. The firm has a market cap of $22.26 billion, a P/E ratio of 18.12, a P/E/G ratio of 2.15 and a beta of 0.92. The business’s 50 day moving average is $70.70 and its 200-day moving average is $74.81. The company has a current ratio of 1.08, a quick ratio of 1.00 and a debt-to-equity ratio of 2.72.

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

Restaurant Brands International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 21st will be given a dividend of $0.58 per share. The ex-dividend date is Friday, June 21st. This represents a $2.32 dividend on an annualized basis and a yield of 3.30%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 59.79%.

Insider Buying and Selling

In related news, CEO Joshua Kobza sold 246,196 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $75.17, for a total transaction of $18,506,553.32. Following the sale, the chief executive officer now directly owns 595,764 shares in the company, valued at approximately $44,783,579.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Restaurant Brands International news, CEO Joshua Kobza sold 246,196 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $75.17, for a total value of $18,506,553.32. Following the transaction, the chief executive officer now directly owns 595,764 shares in the company, valued at approximately $44,783,579.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ali Hedayat sold 8,537 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $74.75, for a total value of $638,140.75. Following the completion of the transaction, the director now owns 22,881 shares in the company, valued at $1,710,354.75. The disclosure for this sale can be found here. 1.36% of the stock is 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.